Public and publicly guaranteed debt service in Nigeria
Nigeria: Public and publicly guaranteed debt service was 1.6% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Nigeria, 2008–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, public and publicly guaranteed debt service in Nigeria stood at 1.6%. That is the highest value across all 17 years on record.
That represents a change of up 109.0% on the previous year and up 3,190.4% over ten years.
Over the whole period, public and publicly guaranteed debt service in Nigeria peaked at 1.6% in 2024 and was at its lowest, 0.0%, in 2014.
That places Nigeria 78th out of 123 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.
Public and publicly guaranteed debt service in Nigeria, year by year
| Year | % of GNI | Change |
|---|---|---|
| 2008 | 0.1% | — |
| 2009 | 0.2% | +15.3% |
| 2010 | 0.1% | -41.9% |
| 2011 | 0.1% | +1.7% |
| 2012 | 0.1% | -36.5% |
| 2013 | 0.1% | +39.4% |
| 2014 | 0.0% | -40.2% |
| 2015 | 0.1% | +73.8% |
| 2016 | 0.1% | +7.7% |
| 2017 | 0.1% | +5.1% |
| 2018 | 0.3% | +273.0% |
| 2019 | 0.2% | -39.6% |
| 2020 | 0.3% | +25.0% |
| 2021 | 0.4% | +67.1% |
| 2022 | 0.5% | +3.9% |
| 2023 | 0.7% | +63.6% |
| 2024 | 1.6% | +109.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1% | 0.1% | 0.2% | 2 |
| 2010s | 0.1% | 0.0% | 0.3% | 10 |
| 2020s | 0.7% | 0.3% | 1.6% | 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)
- 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre 1,640 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Nigeria?
- Public and publicly guaranteed debt service in Nigeria was 1.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Nigeria?
- The highest recorded value was 1.6% in 2024.
- What is the lowest public and publicly guaranteed debt service recorded in Nigeria?
- The lowest recorded value was 0.0% in 2014.
- How does Nigeria rank for public and publicly guaranteed debt service?
- Nigeria ranks 78th out of 123 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Nigeria?
- Over the last ten years it is up 3,190.4%. 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 Public and publicly guaranteed debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to gross national income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.