Net financial flows, multilateral in Nigeria
Nigeria: Net financial flows, multilateral was 3.19 billion NFL, current US$ in 2024. ◆ Volatile
Net financial flows, multilateral in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
In 2024, net financial flows, multilateral in Nigeria stood at 3.19 billion NFL, current US$.
The figure is down 18.3% on the previous year and up 263.1% over ten years.
Over the whole period, net financial flows, multilateral in Nigeria peaked at 3.91 billion NFL, current US$ in 2023 and was at its lowest, -265.80 million NFL, current US$, in 1999.
That places Nigeria 4th out of 123 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net financial flows, multilateral in Nigeria, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 1970 | 9.56 million NFL, current US$ | — |
| 1971 | 33.31 million NFL, current US$ | +248.3% |
| 1972 | 64.97 million NFL, current US$ | +95.0% |
| 1973 | 16.40 million NFL, current US$ | -74.8% |
| 1974 | 33.74 million NFL, current US$ | +105.7% |
| 1975 | 29.22 million NFL, current US$ | -13.4% |
| 1976 | 41.49 million NFL, current US$ | +42.0% |
| 1977 | 44.26 million NFL, current US$ | +6.7% |
| 1978 | 39.56 million NFL, current US$ | -10.6% |
| 1979 | 33.05 million NFL, current US$ | -16.5% |
| 1980 | 47.88 million NFL, current US$ | +44.9% |
| 1981 | 55.32 million NFL, current US$ | +15.5% |
| 1982 | 116.79 million NFL, current US$ | +111.1% |
| 1983 | 149.21 million NFL, current US$ | +27.8% |
| 1984 | 222.68 million NFL, current US$ | +49.2% |
| 1985 | 242.26 million NFL, current US$ | +8.8% |
| 1986 | 459.54 million NFL, current US$ | +89.7% |
| 1987 | 272.22 million NFL, current US$ | -40.8% |
| 1988 | 57.28 million NFL, current US$ | -79.0% |
| 1989 | 392.78 million NFL, current US$ | +585.8% |
| 1990 | 295.39 million NFL, current US$ | -24.8% |
| 1991 | 210.33 million NFL, current US$ | -28.8% |
| 1992 | 214.72 million NFL, current US$ | +2.1% |
| 1993 | 199.60 million NFL, current US$ | -7.0% |
| 1994 | 167.87 million NFL, current US$ | -15.9% |
| 1995 | -35.22 million NFL, current US$ | -121.0% |
| 1996 | -132.85 million NFL, current US$ | +277.3% |
| 1997 | -146.75 million NFL, current US$ | +10.5% |
| 1998 | -137.67 million NFL, current US$ | -6.2% |
| 1999 | -265.80 million NFL, current US$ | +93.1% |
| 2000 | -251.51 million NFL, current US$ | -5.4% |
| 2001 | -258.09 million NFL, current US$ | +2.6% |
| 2002 | -224.66 million NFL, current US$ | -13.0% |
| 2003 | -253.05 million NFL, current US$ | +12.6% |
| 2004 | -175.62 million NFL, current US$ | -30.6% |
| 2005 | -81.26 million NFL, current US$ | -53.7% |
| 2006 | 36.61 million NFL, current US$ | -145.1% |
| 2007 | 78.68 million NFL, current US$ | +114.9% |
| 2008 | 88.05 million NFL, current US$ | +11.9% |
| 2009 | 305.30 million NFL, current US$ | +246.7% |
| 2010 | 865.19 million NFL, current US$ | +183.4% |
| 2011 | 561.62 million NFL, current US$ | -35.1% |
| 2012 | 489.86 million NFL, current US$ | -12.8% |
| 2013 | 896.76 million NFL, current US$ | +83.1% |
| 2014 | 878.76 million NFL, current US$ | -2.0% |
| 2015 | 1.08 billion NFL, current US$ | +22.6% |
| 2016 | 715.09 million NFL, current US$ | -33.6% |
| 2017 | 1.73 billion NFL, current US$ | +142.1% |
| 2018 | 1.05 billion NFL, current US$ | -39.2% |
| 2019 | 1.67 billion NFL, current US$ | +58.7% |
| 2020 | 1.33 billion NFL, current US$ | -20.6% |
| 2021 | 1.29 billion NFL, current US$ | -2.8% |
| 2022 | 2.37 billion NFL, current US$ | +83.6% |
| 2023 | 3.91 billion NFL, current US$ | +65.0% |
| 2024 | 3.19 billion NFL, current US$ | -18.3% |
Nigeria compared with similar countries
- Nigeria's 3.19 billion NFL, current US$ is above the median for lower middle income countries, which is 208.70 million NFL, current US$, 15.3× the median. (43 countries reporting)
- Nigeria's 3.19 billion NFL, current US$ is above the median for Sub-Saharan Africa, which is 201.06 million NFL, current US$, 15.9× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Net financial flows, multilateral in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | +585.8% | 57.28 million NFL, current US$ | 392.78 million NFL, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34.56 million NFL, current US$ | 9.56 million NFL, current US$ | 64.97 million NFL, current US$ | 10 |
| 1980s | 201.60 million NFL, current US$ | 47.88 million NFL, current US$ | 459.54 million NFL, current US$ | 10 |
| 1990s | 36.96 million NFL, current US$ | -265.80 million NFL, current US$ | 295.39 million NFL, current US$ | 10 |
| 2000s | -73.56 million NFL, current US$ | -258.09 million NFL, current US$ | 305.30 million NFL, current US$ | 10 |
| 2010s | 994.10 million NFL, current US$ | 489.86 million NFL, current US$ | 1.73 billion NFL, current US$ | 10 |
| 2020s | 2.42 billion NFL, current US$ | 1.29 billion NFL, current US$ | 3.91 billion NFL, current US$ | 5 |
Countries ranked near Nigeria
- 1 Ukraine 22.44 billion NFL, current US$ compare
- 2 Philippines 4.45 billion NFL, current US$ compare
- 3 Bangladesh 3.42 billion NFL, current US$ compare
- 5 Uzbekistan 2.63 billion NFL, current US$ compare
- 6 India 2.11 billion NFL, current US$ compare
- 7 Tanzania 2.09 billion NFL, current US$ compare
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 1.92 billion NFL, current US$ (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)
Frequently asked questions
- What is net financial flows, multilateral in Nigeria?
- Net financial flows, multilateral in Nigeria was 3.19 billion NFL, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest net financial flows, multilateral recorded in Nigeria?
- The highest recorded value was 3.91 billion NFL, current US$ in 2023.
- What is the lowest net financial flows, multilateral recorded in Nigeria?
- The lowest recorded value was -265.80 million NFL, current US$ in 1999.
- How does Nigeria rank for net financial flows, multilateral?
- Nigeria ranks 4th out of 123 countries with data for 2024.
- Is net financial flows, multilateral rising or falling in Nigeria?
- Over the last ten years it is up 263.1%. 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, multilateral (NFL, current US$). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.