Use of IMF credit (DOD, current US$), annual growth rate in Nigeria
Nigeria: Use of IMF credit (DOD, current US$), annual growth rate was -23.12 % change on previous year in 2024. ◆ Volatile
Use of IMF credit (DOD, current US$), annual growth rate in Nigeria, 2000–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded -23.12 % change on previous year for use of imf credit (dod, current us$), annual growth rate in 2024. That is the lowest value across all 25 years on record.
The figure is down 164.9% on the previous year and down 290.5% over ten years.
Over the whole period, use of imf credit (dod, current us$), annual growth rate in Nigeria peaked at 985.04 % change on previous year in 2009 and was at its lowest, -23.12 % change on previous year, in 2024.
Nigeria ranks 113th of 122 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Use of IMF credit (DOD, current US$), annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2000 | -5.07 % change on previous year | — |
| 2001 | -3.54 % change on previous year | -30.1% |
| 2002 | 8.18 % change on previous year | -330.7% |
| 2003 | 9.3 % change on previous year | +13.7% |
| 2004 | 4.51 % change on previous year | -51.5% |
| 2005 | -7.97 % change on previous year | -276.6% |
| 2006 | 5.26 % change on previous year | -166.0% |
| 2007 | 5.04 % change on previous year | -4.1% |
| 2008 | -2.53 % change on previous year | -150.2% |
| 2009 | 985.04 % change on previous year | -39035.2% |
| 2010 | -1.76 % change on previous year | -100.2% |
| 2011 | -0.3093 % change on previous year | -82.5% |
| 2012 | 0.1077 % change on previous year | -134.8% |
| 2013 | 0.2004 % change on previous year | +86.1% |
| 2014 | -5.92 % change on previous year | -3055.1% |
| 2015 | -4.35 % change on previous year | -26.5% |
| 2016 | -2.99 % change on previous year | -31.4% |
| 2017 | 5.94 % change on previous year | -298.7% |
| 2018 | -2.34 % change on previous year | -139.4% |
| 2019 | -0.5729 % change on previous year | -75.5% |
| 2020 | 156.75 % change on previous year | -27458.2% |
| 2021 | 52.53 % change on previous year | -66.5% |
| 2022 | -4.91 % change on previous year | -109.4% |
| 2023 | -8.73 % change on previous year | +77.7% |
| 2024 | -23.12 % change on previous year | +164.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 99.82 % change on previous year | -7.97 % change on previous year | 985.04 % change on previous year | 10 |
| 2010s | -1.2 % change on previous year | -5.92 % change on previous year | 5.94 % change on previous year | 10 |
| 2020s | 34.5 % change on previous year | -23.12 % change on previous year | 156.75 % change on previous year | 5 |
Countries ranked near Nigeria
- 110 Egypt -21.75 % change on previous year compare
- 111 Eswatini -22.65 % change on previous year compare
- 112 South Africa -22.89 % change on previous year compare
- 114 El Salvador -24.12 % change on previous year compare
- 115 Mongolia -24.21 % change on previous year compare
- 116 Bosnia and Herzegovina -24.35 % 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 use of imf credit (dod, current us$), annual growth rate in Nigeria?
- Use of imf credit (dod, current us$), annual growth rate in Nigeria was -23.12 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest use of imf credit (dod, current us$), annual growth rate recorded in Nigeria?
- The highest recorded value was 985.04 % change on previous year in 2009.
- What is the lowest use of imf credit (dod, current us$), annual growth rate recorded in Nigeria?
- The lowest recorded value was -23.12 % change on previous year in 2024.
- How does Nigeria rank for use of imf credit (dod, current us$), annual growth rate?
- Nigeria ranks 113th out of 122 countries with data for 2024.
- Is use of imf credit (dod, current us$), annual growth rate rising or falling in Nigeria?
- Over the last ten years it is down 290.5%. 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 Use of IMF credit (DOD, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Use of IMF credit (DOD, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Use of IMF credit 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 Use of IMF credit (DOD, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.