PPG, official creditors (NFL, US$), annual growth rate in Nigeria
Nigeria: PPG, official creditors (NFL, US$), annual growth rate was -31.5 % change on previous year in 2024. ◆ Volatile
PPG, official creditors (NFL, US$), annual growth rate in Nigeria, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, ppg, official creditors (nfl, us$), annual growth rate in Nigeria stood at -31.5 % change on previous year.
That represents a change of down 154.8% on the previous year and down 379.6% over ten years.
Over the whole period, ppg, official creditors (nfl, us$), annual growth rate in Nigeria peaked at 661.3 % change on previous year in 1986 and was at its lowest, -322.34 % change on previous year, in 2005.
That places Nigeria 69th out of 122 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
PPG, official creditors (NFL, US$), annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 160.47 % change on previous year | — |
| 1972 | 29.83 % change on previous year | -81.4% |
| 1973 | -61.3 % change on previous year | -305.5% |
| 1974 | 61.97 % change on previous year | -201.1% |
| 1975 | 1.18 % change on previous year | -98.1% |
| 1976 | -22.95 % change on previous year | -2052.0% |
| 1977 | -23.03 % change on previous year | +0.3% |
| 1978 | -8.93 % change on previous year | -61.2% |
| 1979 | 74.25 % change on previous year | -931.0% |
| 1980 | 29.21 % change on previous year | -60.7% |
| 1981 | 13.68 % change on previous year | -53.2% |
| 1982 | 93.64 % change on previous year | +584.5% |
| 1983 | 308.27 % change on previous year | +229.2% |
| 1984 | -55.74 % change on previous year | -118.1% |
| 1985 | -136.01 % change on previous year | +144.0% |
| 1986 | 661.3 % change on previous year | -586.2% |
| 1987 | -38.79 % change on previous year | -105.9% |
| 1988 | -80.95 % change on previous year | +108.7% |
| 1989 | 539.78 % change on previous year | -766.8% |
| 1990 | -128.74 % change on previous year | -123.8% |
| 1991 | 133.21 % change on previous year | -203.5% |
| 1992 | 351 % change on previous year | +163.5% |
| 1993 | -72.85 % change on previous year | -120.8% |
| 1994 | 212.04 % change on previous year | -391.1% |
| 1995 | -120.98 % change on previous year | -157.1% |
| 1996 | -277.26 % change on previous year | +129.2% |
| 1997 | -97.01 % change on previous year | -65.0% |
| 1998 | -78.4 % change on previous year | -19.2% |
| 1999 | 41.07 % change on previous year | -152.4% |
| 2000 | -176.74 % change on previous year | -530.4% |
| 2001 | -92.32 % change on previous year | -47.8% |
| 2002 | 70.87 % change on previous year | -176.8% |
| 2003 | -98.1 % change on previous year | -238.4% |
| 2004 | 6.43 % change on previous year | -106.6% |
| 2005 | -322.34 % change on previous year | -5116.3% |
| 2006 | -23.5 % change on previous year | -92.7% |
| 2007 | 104.7 % change on previous year | -545.5% |
| 2008 | -72.89 % change on previous year | -169.6% |
| 2009 | 287.33 % change on previous year | -494.2% |
| 2010 | 296.24 % change on previous year | +3.1% |
| 2011 | 1.35 % change on previous year | -99.5% |
| 2012 | -17.44 % change on previous year | -1390.7% |
| 2013 | 69.3 % change on previous year | -497.5% |
| 2014 | 11.26 % change on previous year | -83.7% |
| 2015 | 3.91 % change on previous year | -65.3% |
| 2016 | -26.94 % change on previous year | -788.7% |
| 2017 | 129.01 % change on previous year | -578.9% |
| 2018 | -20.06 % change on previous year | -115.5% |
| 2019 | 34.76 % change on previous year | -273.3% |
| 2020 | -30.65 % change on previous year | -188.2% |
| 2021 | -4.26 % change on previous year | -86.1% |
| 2022 | 93.54 % change on previous year | -2296.3% |
| 2023 | 57.51 % change on previous year | -38.5% |
| 2024 | -31.5 % change on previous year | -154.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.5 % change on previous year | -61.3 % change on previous year | 160.47 % change on previous year | 9 |
| 1980s | 133.44 % change on previous year | -136.01 % change on previous year | 661.3 % change on previous year | 10 |
| 1990s | -3.79 % change on previous year | -277.26 % change on previous year | 351 % change on previous year | 10 |
| 2000s | -31.66 % change on previous year | -322.34 % change on previous year | 287.33 % change on previous year | 10 |
| 2010s | 48.14 % change on previous year | -26.94 % change on previous year | 296.24 % change on previous year | 10 |
| 2020s | 16.93 % change on previous year | -31.5 % change on previous year | 93.54 % change on previous year | 5 |
Countries ranked near Nigeria
- 66 Indonesia -24.56 % change on previous year compare
- 67 Mauritius -24.93 % change on previous year compare
- 68 Paraguay -30.56 % change on previous year compare
- 70 Azerbaijan -33.13 % change on previous year compare
- 71 Jamaica -36.74 % change on previous year compare
- 72 Malawi -37.18 % change on previous year 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 ppg, official creditors (nfl, us$), annual growth rate in Nigeria?
- Ppg, official creditors (nfl, us$), annual growth rate in Nigeria was -31.5 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest ppg, official creditors (nfl, us$), annual growth rate recorded in Nigeria?
- The highest recorded value was 661.3 % change on previous year in 1986.
- What is the lowest ppg, official creditors (nfl, us$), annual growth rate recorded in Nigeria?
- The lowest recorded value was -322.34 % change on previous year in 2005.
- How does Nigeria rank for ppg, official creditors (nfl, us$), annual growth rate?
- Nigeria ranks 69th out of 122 countries with data for 2024.
- Is ppg, official creditors (nfl, us$), annual growth rate rising or falling in Nigeria?
- Over the last ten years it is down 379.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of PPG, official creditors (NFL, US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in PPG, official creditors (NFL, US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- PPG, official creditors International Debt Statistics, World Bank (WB)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in PPG, official creditors (NFL, US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.