Net flows on external debt, private nonguaranteed (PNG) in Nigeria
Nigeria: Net flows on external debt, private nonguaranteed (PNG) was -1.86 billion NFL, current US$ in 2024. β Volatile
Net flows on external debt, private nonguaranteed (PNG) in Nigeria, 1970β2024
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
Nigeria recorded -1.86 billion NFL, current US$ for net flows on external debt, private nonguaranteed (png) in 2024. That is the lowest value across all 55 years on record.
That represents a change of down 227.4% on the previous year and down 133.6% over ten years.
Over the whole period, net flows on external debt, private nonguaranteed (png) in Nigeria peaked at 5.54 billion NFL, current US$ in 2014 and was at its lowest, -1.86 billion NFL, current US$, in 2024.
That places Nigeria 84th out of 93 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 58.90 million NFL, current US$ | -23.00 million NFL, current US$ | 373.00 million NFL, current US$ | 10 |
| 1980s | 79.46 million NFL, current US$ | -48.30 million NFL, current US$ | 388.00 million NFL, current US$ | 10 |
| 1990s | -16.57 million NFL, current US$ | -47.43 million NFL, current US$ | -8.00 million NFL, current US$ | 10 |
| 2000s | 1.00 billion NFL, current US$ | -200.81 million NFL, current US$ | 2.32 billion NFL, current US$ | 10 |
| 2010s | 2.05 billion NFL, current US$ | 266.37 million NFL, current US$ | 5.54 billion NFL, current US$ | 10 |
| 2020s | -13.04 million NFL, current US$ | -1.86 billion NFL, current US$ | 1.30 billion NFL, current US$ | 5 |
Countries ranked near Nigeria
- 81 Zambia -1.11 billion NFL, current US$ compare
- 82 Ghana -1.24 billion NFL, current US$ compare
- 83 Ecuador -1.58 billion NFL, current US$ compare
- 85 Thailand -1.86 billion NFL, current US$ compare
- 86 Cambodia -2.29 billion NFL, current US$ compare
- 87 Papua New Guinea -3.00 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 flows on external debt, private nonguaranteed (png) in Nigeria?
- Net flows on external debt, private nonguaranteed (png) in Nigeria was -1.86 billion NFL, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest net flows on external debt, private nonguaranteed (png) recorded in Nigeria?
- The highest recorded value was 5.54 billion NFL, current US$ in 2014.
- What is the lowest net flows on external debt, private nonguaranteed (png) recorded in Nigeria?
- The lowest recorded value was -1.86 billion NFL, current US$ in 2024.
- How does Nigeria rank for net flows on external debt, private nonguaranteed (png)?
- Nigeria ranks 84th out of 93 countries with data for 2024.
- Is net flows on external debt, private nonguaranteed (png) rising or falling in Nigeria?
- Over the last ten years it is down 133.6%. 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 flows on external debt, private nonguaranteed (PNG) (NFL, current US$). Statizoid updates them automatically from the source API.
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About this data
Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.