PPG, private creditors in Nigeria
Nigeria: PPG, private creditors was 3.53 billion NFL, US$ in 2024. ◆ Volatile
PPG, private creditors in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in NFL, US$.
Analysis
Nigeria recorded 3.53 billion NFL, US$ for ppg, private creditors in 2024.
That represents a change of up 460.0% on the previous year and up 606.2% over ten years.
Over the whole period, ppg, private creditors in Nigeria peaked at 4.87 billion NFL, US$ in 2018 and was at its lowest, -1.54 billion NFL, US$, in 2006.
That places Nigeria 9th out of 120 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
PPG, private creditors in Nigeria, year by year
| Year | NFL, US$ | Change |
|---|---|---|
| 1970 | -11.13 million NFL, US$ | — |
| 1971 | -6.44 million NFL, US$ | -42.1% |
| 1972 | 10.41 million NFL, US$ | -261.7% |
| 1973 | -140.50 million NFL, US$ | -1449.1% |
| 1974 | -98.53 million NFL, US$ | -29.9% |
| 1975 | -162.38 million NFL, US$ | +64.8% |
| 1976 | -290.45 million NFL, US$ | +78.9% |
| 1977 | -9.17 million NFL, US$ | -96.8% |
| 1978 | 1.39 billion NFL, US$ | -15223.8% |
| 1979 | 860.73 million NFL, US$ | -37.9% |
| 1980 | 1.06 billion NFL, US$ | +23.4% |
| 1981 | 1.48 billion NFL, US$ | +38.9% |
| 1982 | 2.45 billion NFL, US$ | +65.9% |
| 1983 | 917.18 million NFL, US$ | -62.5% |
| 1984 | -511.21 million NFL, US$ | -155.7% |
| 1985 | -918.17 million NFL, US$ | +79.6% |
| 1986 | -545.26 million NFL, US$ | -40.6% |
| 1987 | 473.75 million NFL, US$ | -186.9% |
| 1988 | 156.74 million NFL, US$ | -66.9% |
| 1989 | 435.61 million NFL, US$ | +177.9% |
| 1990 | -105.75 million NFL, US$ | -124.3% |
| 1991 | -71.97 million NFL, US$ | -32.0% |
| 1992 | -199.09 million NFL, US$ | +176.6% |
| 1993 | -79.00 million NFL, US$ | -60.3% |
| 1994 | -305.77 million NFL, US$ | +287.1% |
| 1995 | -438.40 million NFL, US$ | +43.4% |
| 1996 | -680.22 million NFL, US$ | +55.2% |
| 1997 | -247.87 million NFL, US$ | -63.6% |
| 1998 | -14.80 million NFL, US$ | -94.0% |
| 1999 | -111.07 million NFL, US$ | +650.5% |
| 2000 | -141.72 million NFL, US$ | +27.6% |
| 2001 | -149.89 million NFL, US$ | +5.8% |
| 2002 | -609.90 million NFL, US$ | +306.9% |
| 2003 | -247.75 million NFL, US$ | -59.4% |
| 2004 | -94.03 million NFL, US$ | -62.0% |
| 2005 | -144.93 million NFL, US$ | +54.1% |
| 2006 | -1.54 billion NFL, US$ | +963.2% |
| 2007 | -577.47 million NFL, US$ | -62.5% |
| 2008 | 16.02 million NFL, US$ | -102.8% |
| 2009 | -25.93 million NFL, US$ | -261.8% |
| 2010 | -3.77 million NFL, US$ | -85.5% |
| 2011 | 500.00 million NFL, US$ | -13362.6% |
| 2013 | 500.00 million NFL, US$ | +0.0% |
| 2014 | 500.00 million NFL, US$ | +0.0% |
| 2015 | 0 NFL, US$ | -100.0% |
| 2016 | 0 NFL, US$ | — |
| 2017 | 4.80 billion NFL, US$ | — |
| 2018 | 4.87 billion NFL, US$ | +1.4% |
| 2020 | 2.28 billion NFL, US$ | -53.3% |
| 2021 | 2.98 billion NFL, US$ | +31.1% |
| 2022 | 1.46 billion NFL, US$ | -51.0% |
| 2023 | -980.73 million NFL, US$ | -167.0% |
| 2024 | 3.53 billion NFL, US$ | -460.0% |
Nigeria compared with similar countries
- Nigeria's 3.53 billion NFL, US$ is above the median for lower middle income countries, which is -137,000 NFL, US$. (42 countries reporting)
- Nigeria's 3.53 billion NFL, US$ is above the median for Sub-Saharan Africa, which is -145,000 NFL, US$. (43 countries reporting)
Biggest year-on-year movements
Years where PPG, private creditors in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1978 | +15223.8% | -9.17 million NFL, US$ | 1.39 billion NFL, US$ |
| 2011 | +13362.6% | -3.77 million NFL, US$ | 500.00 million NFL, US$ |
| 1973 | -1449.1% | 10.41 million NFL, US$ | -140.50 million NFL, US$ |
| 2006 | -963.2% | -144.93 million NFL, US$ | -1.54 billion NFL, US$ |
| 1999 | -650.5% | -14.80 million NFL, US$ | -111.07 million NFL, US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 153.91 million NFL, US$ | -290.45 million NFL, US$ | 1.39 billion NFL, US$ | 10 |
| 1980s | 499.52 million NFL, US$ | -918.17 million NFL, US$ | 2.45 billion NFL, US$ | 10 |
| 1990s | -225.40 million NFL, US$ | -680.22 million NFL, US$ | -14.80 million NFL, US$ | 10 |
| 2000s | -351.65 million NFL, US$ | -1.54 billion NFL, US$ | 16.02 million NFL, US$ | 10 |
| 2010s | 1.40 billion NFL, US$ | -3.77 million NFL, US$ | 4.87 billion NFL, US$ | 8 |
| 2020s | 1.85 billion NFL, US$ | -980.73 million NFL, US$ | 3.53 billion NFL, US$ | 5 |
Countries ranked near Nigeria
- 6 South Africa 6.52 billion NFL, US$ compare
- 7 Philippines 5.00 billion NFL, US$ compare
- 8 Argentina 3.64 billion NFL, US$ compare
- 10 Colombia 3.20 billion NFL, US$ compare
- 11 Uzbekistan 3.16 billion NFL, US$ compare
- 12 Senegal 3.09 billion NFL, 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 ppg, private creditors in Nigeria?
- Ppg, private creditors in Nigeria was 3.53 billion NFL, US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest ppg, private creditors recorded in Nigeria?
- The highest recorded value was 4.87 billion NFL, US$ in 2018.
- What is the lowest ppg, private creditors recorded in Nigeria?
- The lowest recorded value was -1.54 billion NFL, US$ in 2006.
- How does Nigeria rank for ppg, private creditors?
- Nigeria ranks 9th out of 120 countries with data for 2024.
- Is ppg, private creditors rising or falling in Nigeria?
- Over the last ten years it is up 606.2%. 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, private creditors (NFL, US$). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. 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.