Net financial flows, RDB nonconcessional in Nigeria
Nigeria: Net financial flows, RDB nonconcessional was 494.77 million NFL, current US$ in 2024. ◆ Volatile
Net financial flows, RDB nonconcessional in Nigeria, 1972–2024
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
Nigeria recorded 494.77 million NFL, current US$ for net financial flows, rdb nonconcessional in 2024.
That represents a change of up 750.0% on the previous year and up 4,644.1% over ten years.
Over the whole period, net financial flows, rdb nonconcessional in Nigeria peaked at 793.81 million NFL, current US$ in 2017 and was at its lowest, -111.63 million NFL, current US$, in 2005.
Nigeria ranks 9th of 102 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net financial flows, RDB nonconcessional in Nigeria, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 1972 | 626,896 NFL, current US$ | — |
| 1973 | 709,038 NFL, current US$ | +13.1% |
| 1974 | 1.61 million NFL, current US$ | +127.2% |
| 1975 | 117,808 NFL, current US$ | -92.7% |
| 1976 | 1.21 million NFL, current US$ | +927.6% |
| 1977 | -1.83 million NFL, current US$ | -251.5% |
| 1978 | 2.09 million NFL, current US$ | -214.1% |
| 1979 | -365,651 NFL, current US$ | -117.5% |
| 1980 | -567,491 NFL, current US$ | +55.2% |
| 1981 | -449,515 NFL, current US$ | -20.8% |
| 1982 | -532,254 NFL, current US$ | +18.4% |
| 1983 | -554,876 NFL, current US$ | +4.3% |
| 1984 | -390,627 NFL, current US$ | -29.6% |
| 1985 | -297,742 NFL, current US$ | -23.8% |
| 1986 | -605,603 NFL, current US$ | +103.4% |
| 1987 | -260,655 NFL, current US$ | -57.0% |
| 1988 | 15.67 million NFL, current US$ | -6111.7% |
| 1989 | 154.99 million NFL, current US$ | +889.1% |
| 1990 | 144.83 million NFL, current US$ | -6.6% |
| 1991 | 210.53 million NFL, current US$ | +45.4% |
| 1992 | 210.91 million NFL, current US$ | +0.2% |
| 1993 | 193.46 million NFL, current US$ | -8.3% |
| 1994 | 218.47 million NFL, current US$ | +12.9% |
| 1995 | 68.42 million NFL, current US$ | -68.7% |
| 1996 | -1.77 million NFL, current US$ | -102.6% |
| 1997 | -86.51 million NFL, current US$ | +4792.2% |
| 1998 | -60.28 million NFL, current US$ | -30.3% |
| 1999 | -44.42 million NFL, current US$ | -26.3% |
| 2000 | -70.16 million NFL, current US$ | +58.0% |
| 2001 | -78.00 million NFL, current US$ | +11.2% |
| 2002 | -80.63 million NFL, current US$ | +3.4% |
| 2003 | -95.88 million NFL, current US$ | +18.9% |
| 2004 | -94.16 million NFL, current US$ | -1.8% |
| 2005 | -111.63 million NFL, current US$ | +18.6% |
| 2006 | -100.20 million NFL, current US$ | -10.2% |
| 2007 | -106.57 million NFL, current US$ | +6.4% |
| 2008 | -81.93 million NFL, current US$ | -23.1% |
| 2009 | -91.27 million NFL, current US$ | +11.4% |
| 2010 | -65.17 million NFL, current US$ | -28.6% |
| 2011 | -46.92 million NFL, current US$ | -28.0% |
| 2012 | -20.96 million NFL, current US$ | -55.3% |
| 2013 | 126.98 million NFL, current US$ | -705.8% |
| 2014 | -10.89 million NFL, current US$ | -108.6% |
| 2015 | 243.64 million NFL, current US$ | -2337.6% |
| 2016 | -5.28 million NFL, current US$ | -102.2% |
| 2017 | 793.81 million NFL, current US$ | -15132.0% |
| 2018 | 100.44 million NFL, current US$ | -87.3% |
| 2019 | 95.92 million NFL, current US$ | -4.5% |
| 2020 | 232.11 million NFL, current US$ | +142.0% |
| 2021 | -18.26 million NFL, current US$ | -107.9% |
| 2022 | -7.77 million NFL, current US$ | -57.4% |
| 2023 | 58.21 million NFL, current US$ | -848.7% |
| 2024 | 494.77 million NFL, current US$ | +750.0% |
Nigeria compared with similar countries
- Nigeria's 494.77 million NFL, current US$ is above the median for lower middle income countries, which is 20.02 million NFL, current US$, 24.7× the median. (36 countries reporting)
- Nigeria's 494.77 million NFL, current US$ is above the median for Sub-Saharan Africa, which is 300,000 NFL, current US$, 1649.2× the median. (41 countries reporting)
Biggest year-on-year movements
Years where Net financial flows, RDB nonconcessional in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +15132.0% | -5.28 million NFL, current US$ | 793.81 million NFL, current US$ |
| 1988 | +6111.7% | -260,655 NFL, current US$ | 15.67 million NFL, current US$ |
| 1997 | -4792.2% | -1.77 million NFL, current US$ | -86.51 million NFL, current US$ |
| 2015 | +2337.6% | -10.89 million NFL, current US$ | 243.64 million NFL, current US$ |
| 1976 | +927.6% | 117,808 NFL, current US$ | 1.21 million NFL, current US$ |
| 1989 | +889.1% | 15.67 million NFL, current US$ | 154.99 million NFL, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 521,033 NFL, current US$ | -1.83 million NFL, current US$ | 2.09 million NFL, current US$ | 8 |
| 1980s | 16.70 million NFL, current US$ | -605,603 NFL, current US$ | 154.99 million NFL, current US$ | 10 |
| 1990s | 85.36 million NFL, current US$ | -86.51 million NFL, current US$ | 218.47 million NFL, current US$ | 10 |
| 2000s | -91.04 million NFL, current US$ | -111.63 million NFL, current US$ | -70.16 million NFL, current US$ | 10 |
| 2010s | 121.16 million NFL, current US$ | -65.17 million NFL, current US$ | 793.81 million NFL, current US$ | 10 |
| 2020s | 151.81 million NFL, current US$ | -18.26 million NFL, current US$ | 494.77 million NFL, current US$ | 5 |
Countries ranked near Nigeria
- 6 Pakistan 805.17 million NFL, current US$ compare
- 7 Uzbekistan 736.24 million NFL, current US$ compare
- 8 Philippines 725.09 million NFL, current US$ compare
- 10 Paraguay 434.56 million NFL, current US$ compare
- 11 South Africa 422.10 million NFL, current US$ compare
- 12 Tanzania 276.61 million 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, rdb nonconcessional in Nigeria?
- Net financial flows, rdb nonconcessional in Nigeria was 494.77 million NFL, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest net financial flows, rdb nonconcessional recorded in Nigeria?
- The highest recorded value was 793.81 million NFL, current US$ in 2017.
- What is the lowest net financial flows, rdb nonconcessional recorded in Nigeria?
- The lowest recorded value was -111.63 million NFL, current US$ in 2005.
- How does Nigeria rank for net financial flows, rdb nonconcessional?
- Nigeria ranks 9th out of 102 countries with data for 2024.
- Is net financial flows, rdb nonconcessional rising or falling in Nigeria?
- Over the last ten years it is up 4,644.1%. 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, RDB nonconcessional (NFL, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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. Nonconcessional financial flows cover all disbursements except those made through concessional lending facilities. Regional development banks are the African Development Bank, in Tunis, Tunisia, which serves all of Africa, including North Africa; the Asian Development Bank, in Manila, Philippines, which serves South and Central Asia and East Asia and Pacific; the European Bank for Reconstruction and Development, in London, United Kingdom, which serves Europe and Central Asia; and the Inter-American Development Bank, in Washington, D.C., which serves the Americas. Aggregates include amounts for economies not specified elsewhere. Data are in current U.S. dollars.