Net financial flows, IDA in Nigeria
Nigeria: Net financial flows, IDA was 1.92 billion NFL, current US$ in 2024. ◆ Volatile
Latest (2024)
1.92 billion NFL, current US$
Change on year
up 28.4%
World rank
1st
of 117 countries
All-time high
2.23 billion NFL, current US$
in 2022
All-time low
-1.20 million NFL, current US$
in 1985
Years of data
55
1970–2024
Net financial flows, IDA in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
Nigeria recorded 1.92 billion NFL, current US$ for net financial flows, ida in 2024.
That represents a change of up 28.4% on the previous year and up 123.6% over ten years.
Over the whole period, net financial flows, ida in Nigeria peaked at 2.23 billion NFL, current US$ in 2022 and was at its lowest, -1.20 million NFL, current US$, in 1985.
That places Nigeria 1st out of 117 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net financial flows, IDA in Nigeria, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 1970 | 1.33 million NFL, current US$ | — |
| 1971 | 1.32 million NFL, current US$ | -0.8% |
| 1972 | 4.17 million NFL, current US$ | +216.0% |
| 1973 | 4.61 million NFL, current US$ | +10.6% |
| 1974 | 3.81 million NFL, current US$ | -17.3% |
| 1975 | 791,000 NFL, current US$ | -79.3% |
| 1976 | 59,000 NFL, current US$ | -92.5% |
| 1977 | 1.97 million NFL, current US$ | +3230.5% |
| 1978 | -206,000 NFL, current US$ | -110.5% |
| 1979 | -399,000 NFL, current US$ | +93.7% |
| 1980 | -399,000 NFL, current US$ | -0.0% |
| 1981 | -398,000 NFL, current US$ | -0.3% |
| 1982 | -399,000 NFL, current US$ | +0.3% |
| 1983 | -399,000 NFL, current US$ | -0.0% |
| 1984 | -399,000 NFL, current US$ | -0.0% |
| 1985 | -1.20 million NFL, current US$ | +199.7% |
| 1986 | -1.20 million NFL, current US$ | -0.0% |
| 1987 | -1.20 million NFL, current US$ | -0.0% |
| 1988 | -1.20 million NFL, current US$ | -0.0% |
| 1989 | -1.20 million NFL, current US$ | -0.0% |
| 1990 | 6.04 million NFL, current US$ | -605.4% |
| 1991 | 21.59 million NFL, current US$ | +257.3% |
| 1992 | 22.98 million NFL, current US$ | +6.4% |
| 1993 | 36.52 million NFL, current US$ | +59.0% |
| 1994 | 58.88 million NFL, current US$ | +61.2% |
| 1995 | 84.95 million NFL, current US$ | +44.3% |
| 1996 | 89.21 million NFL, current US$ | +5.0% |
| 1997 | 81.61 million NFL, current US$ | -8.5% |
| 1998 | 133.80 million NFL, current US$ | +63.9% |
| 1999 | 72.18 million NFL, current US$ | -46.1% |
| 2000 | 50.98 million NFL, current US$ | -29.4% |
| 2001 | 1.28 million NFL, current US$ | -97.5% |
| 2002 | 7.63 million NFL, current US$ | +494.8% |
| 2003 | 46.06 million NFL, current US$ | +503.6% |
| 2004 | 137.20 million NFL, current US$ | +197.9% |
| 2005 | 245.94 million NFL, current US$ | +79.3% |
| 2006 | 342.68 million NFL, current US$ | +39.3% |
| 2007 | 315.39 million NFL, current US$ | -8.0% |
| 2008 | 333.04 million NFL, current US$ | +5.6% |
| 2009 | 475.60 million NFL, current US$ | +42.8% |
| 2010 | 975.39 million NFL, current US$ | +105.1% |
| 2011 | 604.25 million NFL, current US$ | -38.1% |
| 2012 | 479.31 million NFL, current US$ | -20.7% |
| 2013 | 630.62 million NFL, current US$ | +31.6% |
| 2014 | 857.66 million NFL, current US$ | +36.0% |
| 2015 | 722.10 million NFL, current US$ | -15.8% |
| 2016 | 649.83 million NFL, current US$ | -10.0% |
| 2017 | 737.92 million NFL, current US$ | +13.6% |
| 2018 | 850.53 million NFL, current US$ | +15.3% |
| 2019 | 1.19 billion NFL, current US$ | +39.9% |
| 2020 | 1.06 billion NFL, current US$ | -11.1% |
| 2021 | 1.19 billion NFL, current US$ | +12.7% |
| 2022 | 2.23 billion NFL, current US$ | +86.8% |
| 2023 | 1.49 billion NFL, current US$ | -33.0% |
| 2024 | 1.92 billion NFL, current US$ | +28.4% |
Nigeria compared with similar countries
- Nigeria's 1.92 billion NFL, current US$ is above the median for lower middle income countries, which is 49.27 million NFL, current US$, 38.9× the median. (43 countries reporting)
- Nigeria's 1.92 billion NFL, current US$ is above the median for Sub-Saharan Africa, which is 64.73 million NFL, current US$, 29.6× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Net financial flows, IDA in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +3230.5% | 59,000 NFL, current US$ | 1.97 million NFL, current US$ |
| 1990 | +605.4% | -1.20 million NFL, current US$ | 6.04 million NFL, current US$ |
| 2003 | +503.6% | 7.63 million NFL, current US$ | 46.06 million NFL, current US$ |
| 2002 | +494.8% | 1.28 million NFL, current US$ | 7.63 million NFL, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.75 million NFL, current US$ | -399,000 NFL, current US$ | 4.61 million NFL, current US$ | 10 |
| 1980s | -797,400 NFL, current US$ | -1.20 million NFL, current US$ | -398,000 NFL, current US$ | 10 |
| 1990s | 60.78 million NFL, current US$ | 6.04 million NFL, current US$ | 133.80 million NFL, current US$ | 10 |
| 2000s | 195.58 million NFL, current US$ | 1.28 million NFL, current US$ | 475.60 million NFL, current US$ | 10 |
| 2010s | 769.72 million NFL, current US$ | 479.31 million NFL, current US$ | 1.19 billion NFL, current US$ | 10 |
| 2020s | 1.58 billion NFL, current US$ | 1.06 billion NFL, current US$ | 2.23 billion NFL, current US$ | 5 |
Countries ranked near Nigeria
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.4399 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 56.33 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA (NFL, current US$), per capita 8.24 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0076 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 1,640 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is net financial flows, ida in Nigeria?
- Net financial flows, ida in Nigeria was 1.92 billion NFL, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest net financial flows, ida recorded in Nigeria?
- The highest recorded value was 2.23 billion NFL, current US$ in 2022.
- What is the lowest net financial flows, ida recorded in Nigeria?
- The lowest recorded value was -1.20 million NFL, current US$ in 1985.
- How does Nigeria rank for net financial flows, ida?
- Nigeria ranks 1st out of 117 countries with data for 2024.
- Is net financial flows, ida rising or falling in Nigeria?
- Over the last ten years it is up 123.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Net financial flows, IDA (NFL, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. IDA is the International Development Association, the concessional loan window of the World Bank Group. Data are in current U.S. dollars.