Total ODA Private Net, DAC donors in Nigeria
Nigeria: Total ODA Private Net, DAC donors was 2.08 billion current US$ in 2011. ◆ Volatile
Total ODA Private Net, DAC donors in Nigeria, 1968–2011
Source: Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a. Measured in current US$.
Analysis
In 2011, total oda private net, dac donors in Nigeria stood at 2.08 billion current US$.
Compared with earlier readings it is up 449.3% on the previous year and up 47.4% over ten years.
Over the whole period, total oda private net, dac donors in Nigeria peaked at 2.30 billion current US$ in 2009 and was at its lowest, -7.69 billion current US$, in 2006.
That places Nigeria 5th out of 53 countries with data for 2011, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 54.72 million current US$ | 32.56 million current US$ | 76.88 million current US$ | 2 |
| 1970s | 226.14 million current US$ | -167.09 million current US$ | 619.03 million current US$ | 10 |
| 1980s | 637.34 million current US$ | -903.09 million current US$ | 1.77 billion current US$ | 10 |
| 1990s | -141.42 million current US$ | -1.21 billion current US$ | 843.40 million current US$ | 10 |
| 2000s | 85.18 million current US$ | -7.69 billion current US$ | 2.30 billion current US$ | 10 |
| 2010s | 742.73 million current US$ | -595.92 million current US$ | 2.08 billion current US$ | 2 |
Countries ranked near Nigeria
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (2024)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA 1.92 billion NFL, current US$ (2024)
- Net financial flows, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
- Use of IMF credit 6.05 billion DOD, current US$ (2024)
- External debt stocks, public and publicly guaranteed (PPG) 50.19 billion DOD, current US$ (2024)
- IBRD loans and IDA credits 17.84 billion DOD, current US$ (2024)
- Net financial flows, bilateral 112.67 million NFL, current US$ (2024)
- Net financial flows, multilateral 3.19 billion NFL, current US$ (2024)
Frequently asked questions
- What is total oda private net, dac donors in Nigeria?
- Total oda private net, dac donors in Nigeria was 2.08 billion current US$ in 2011, according to Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a.
- What is the highest total oda private net, dac donors recorded in Nigeria?
- The highest recorded value was 2.30 billion current US$ in 2009.
- What is the lowest total oda private net, dac donors recorded in Nigeria?
- The lowest recorded value was -7.69 billion current US$ in 2006.
- How does Nigeria rank for total oda private net, dac donors?
- Nigeria ranks 5th out of 53 countries with data for 2011.
- Is total oda private net, dac donors rising or falling in Nigeria?
- Over the last ten years it is up 47.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a, published as part of Total ODA Private Net, DAC donors (current US$). Statizoid updates them automatically from the source API.
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About this data
Net private aid is private transactions broken down into direct investment, portfolio investment and export credits (net). Private transactions are those undertaken by firms and individuals resident in the reporting country. Portfolio investment corresponds to bonds and equities. Inflows into emerging countries’ stocks markets, are, however, heavily understated. Accordingly, the coverage of portfolio investment differs in these regards from the coverage of bank claims, which include indistinguishably export credit lending by banks. The bank claims data represent the net change in banks’ claims after adjustment to eliminate the effect of changes in exchange rates. They are therefore a proxy for net flow data, but are not themselves a net flow figure. They differ in two further regards from other OECD data. First, they relate to loans by banks resident in countries which report quarterly to the Bank for International Settlements (BIS). Secondly, no adjustment has been made to exclude short-term claims. Data are expressed in current U.S. dollars.