PPG, commercial banks in Nigeria
Nigeria: PPG, commercial banks was 1.33 billion NFL, current US$ in 2024. ◆ Volatile
PPG, commercial banks in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
Nigeria recorded 1.33 billion NFL, current US$ for ppg, commercial banks in 2024.
Compared with earlier readings it is up 376.8% on the previous year and up 7,337.0% over ten years.
Over the whole period, ppg, commercial banks in Nigeria peaked at 2.28 billion NFL, current US$ in 2020 and was at its lowest, -1.12 billion NFL, current US$, in 1985.
That places Nigeria 6th out of 116 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
PPG, commercial banks in Nigeria, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 1970 | 3.00 million NFL, current US$ | — |
| 1971 | -962,000 NFL, current US$ | -132.0% |
| 1972 | 14.96 million NFL, current US$ | -1655.1% |
| 1973 | -5.69 million NFL, current US$ | -138.0% |
| 1974 | -5.25 million NFL, current US$ | -7.7% |
| 1975 | -4.04 million NFL, current US$ | -23.1% |
| 1976 | -12.82 million NFL, current US$ | +217.4% |
| 1977 | -5.39 million NFL, current US$ | -58.0% |
| 1978 | 1.40 billion NFL, current US$ | -26018.2% |
| 1979 | 775.62 million NFL, current US$ | -44.5% |
| 1980 | 491.11 million NFL, current US$ | -36.7% |
| 1981 | 732.08 million NFL, current US$ | +49.1% |
| 1982 | 943.71 million NFL, current US$ | +28.9% |
| 1983 | 80.88 million NFL, current US$ | -91.4% |
| 1984 | -644.19 million NFL, current US$ | -896.4% |
| 1985 | -1.12 billion NFL, current US$ | +73.5% |
| 1986 | -426.42 million NFL, current US$ | -61.9% |
| 1987 | -125.59 million NFL, current US$ | -70.5% |
| 1988 | -136.98 million NFL, current US$ | +9.1% |
| 1989 | -129.28 million NFL, current US$ | -5.6% |
| 1990 | -388.04 million NFL, current US$ | +200.1% |
| 1991 | -53.67 million NFL, current US$ | -86.2% |
| 2003 | -3.44 million NFL, current US$ | -93.6% |
| 2004 | -942,000 NFL, current US$ | -72.6% |
| 2005 | 23.33 million NFL, current US$ | -2576.4% |
| 2006 | 32.41 million NFL, current US$ | +38.9% |
| 2007 | 18.20 million NFL, current US$ | -43.9% |
| 2008 | 23.56 million NFL, current US$ | +29.5% |
| 2009 | -18.39 million NFL, current US$ | -178.0% |
| 2020 | 2.28 billion NFL, current US$ | -12473.7% |
| 2021 | -516.05 million NFL, current US$ | -122.7% |
| 2022 | -223.82 million NFL, current US$ | -56.6% |
| 2023 | -480.73 million NFL, current US$ | +114.8% |
| 2024 | 1.33 billion NFL, current US$ | -376.8% |
Nigeria compared with similar countries
- Nigeria's 1.33 billion NFL, current US$ is above the median for lower middle income countries, which is -1.17 million NFL, current US$. (40 countries reporting)
- Nigeria's 1.33 billion NFL, current US$ is above the median for Sub-Saharan Africa, which is -140,000 NFL, current US$. (41 countries reporting)
Biggest year-on-year movements
Years where PPG, commercial banks in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1978 | +26018.2% | -5.39 million NFL, current US$ | 1.40 billion NFL, current US$ |
| 2020 | +12473.7% | -18.39 million NFL, current US$ | 2.28 billion NFL, current US$ |
| 2005 | +2576.4% | -942,000 NFL, current US$ | 23.33 million NFL, current US$ |
| 1972 | +1655.1% | -962,000 NFL, current US$ | 14.96 million NFL, current US$ |
| 1984 | -896.4% | 80.88 million NFL, current US$ | -644.19 million NFL, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 215.62 million NFL, current US$ | -12.82 million NFL, current US$ | 1.40 billion NFL, current US$ | 10 |
| 1980s | -33.25 million NFL, current US$ | -1.12 billion NFL, current US$ | 943.71 million NFL, current US$ | 10 |
| 1990s | -220.85 million NFL, current US$ | -388.04 million NFL, current US$ | -53.67 million NFL, current US$ | 2 |
| 2000s | 10.68 million NFL, current US$ | -18.39 million NFL, current US$ | 32.41 million NFL, current US$ | 7 |
| 2020s | 477.16 million NFL, current US$ | -516.05 million NFL, current US$ | 2.28 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 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 ppg, commercial banks in Nigeria?
- Ppg, commercial banks in Nigeria was 1.33 billion NFL, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest ppg, commercial banks recorded in Nigeria?
- The highest recorded value was 2.28 billion NFL, current US$ in 2020.
- What is the lowest ppg, commercial banks recorded in Nigeria?
- The lowest recorded value was -1.12 billion NFL, current US$ in 1985.
- How does Nigeria rank for ppg, commercial banks?
- Nigeria ranks 6th out of 116 countries with data for 2024.
- Is ppg, commercial banks rising or falling in Nigeria?
- Over the last ten years it is up 7,337.0%. 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 PPG, commercial banks (NFL, current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Public and publicly guaranteed commercial bank loans from private banks and other private financial institutions. 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.