Use of IMF credit (DOD, current US$), per unit of GDP in Nigeria
Nigeria: Use of IMF credit (DOD, current US$), per unit of GDP was 0.024 DOD, current US$ per US$ of GDP in 2024. ◆ Volatile
Use of IMF credit (DOD, current US$), per unit of GDP in Nigeria, 1999–2024
Source: Statizoid (derived). Measured in DOD, current US$ per US$ of GDP.
Analysis
In 2024, use of imf credit (dod, current us$), per unit of gdp in Nigeria stood at 0.024 DOD, current US$ per US$ of GDP. That is the highest value across all 26 years on record.
The figure is up 48.5% on the previous year and up 467.6% over ten years.
Over the whole period, use of imf credit (dod, current us$), per unit of gdp in Nigeria peaked at 0.024 DOD, current US$ per US$ of GDP in 2024 and was at its lowest, 0.0007 DOD, current US$ per US$ of GDP, in 2008.
Nigeria ranks 71st of 122 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Use of IMF credit (DOD, current US$), per unit of GDP in Nigeria, year by year
| Year | DOD, current US$ per US$ of GDP | Change |
|---|---|---|
| 1999 | 0.0036 DOD, current US$ per US$ of GDP | — |
| 2000 | 0.003 DOD, current US$ per US$ of GDP | -18.8% |
| 2001 | 0.0027 DOD, current US$ per US$ of GDP | -9.3% |
| 2002 | 0.0022 DOD, current US$ per US$ of GDP | -16.3% |
| 2003 | 0.0022 DOD, current US$ per US$ of GDP | -0.8% |
| 2004 | 0.0018 DOD, current US$ per US$ of GDP | -19.4% |
| 2005 | 0.0013 DOD, current US$ per US$ of GDP | -28.9% |
| 2006 | 0.001 DOD, current US$ per US$ of GDP | -22.5% |
| 2007 | 0.0009 DOD, current US$ per US$ of GDP | -10.0% |
| 2008 | 0.0007 DOD, current US$ per US$ of GDP | -20.1% |
| 2009 | 0.0089 DOD, current US$ per US$ of GDP | +1148.6% |
| 2010 | 0.007 DOD, current US$ per US$ of GDP | -21.0% |
| 2011 | 0.0062 DOD, current US$ per US$ of GDP | -11.7% |
| 2012 | 0.0055 DOD, current US$ per US$ of GDP | -10.6% |
| 2013 | 0.005 DOD, current US$ per US$ of GDP | -10.6% |
| 2014 | 0.0042 DOD, current US$ per US$ of GDP | -14.8% |
| 2015 | 0.0047 DOD, current US$ per US$ of GDP | +11.4% |
| 2016 | 0.0056 DOD, current US$ per US$ of GDP | +18.2% |
| 2017 | 0.0063 DOD, current US$ per US$ of GDP | +14.1% |
| 2018 | 0.0055 DOD, current US$ per US$ of GDP | -13.0% |
| 2019 | 0.0035 DOD, current US$ per US$ of GDP | -37.2% |
| 2020 | 0.0099 DOD, current US$ per US$ of GDP | +186.6% |
| 2021 | 0.0149 DOD, current US$ per US$ of GDP | +49.9% |
| 2022 | 0.0133 DOD, current US$ per US$ of GDP | -10.5% |
| 2023 | 0.0162 DOD, current US$ per US$ of GDP | +21.2% |
| 2024 | 0.024 DOD, current US$ per US$ of GDP | +48.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0036 DOD, current US$ per US$ of GDP | 0.0036 DOD, current US$ per US$ of GDP | 0.0036 DOD, current US$ per US$ of GDP | 1 |
| 2000s | 0.0025 DOD, current US$ per US$ of GDP | 0.0007 DOD, current US$ per US$ of GDP | 0.0089 DOD, current US$ per US$ of GDP | 10 |
| 2010s | 0.0054 DOD, current US$ per US$ of GDP | 0.0035 DOD, current US$ per US$ of GDP | 0.007 DOD, current US$ per US$ of GDP | 10 |
| 2020s | 0.0157 DOD, current US$ per US$ of GDP | 0.0099 DOD, current US$ per US$ of GDP | 0.024 DOD, current US$ per US$ of GDP | 5 |
Countries ranked near Nigeria
- 68 Tanzania 0.026 DOD, current US$ per US$ of GDP compare
- 69 Kyrgyzstan 0.0257 DOD, current US$ per US$ of GDP compare
- 70 Djibouti 0.0243 DOD, current US$ per US$ of GDP compare
- 72 Bosnia and Herzegovina 0.0237 DOD, current US$ per US$ of GDP compare
- 73 Kosovo 0.0232 DOD, current US$ per US$ of GDP compare
- 74 Haiti 0.0231 DOD, current US$ per US$ of GDP 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$), per unit of gdp in Nigeria?
- Use of imf credit (dod, current us$), per unit of gdp in Nigeria was 0.024 DOD, current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest use of imf credit (dod, current us$), per unit of gdp recorded in Nigeria?
- The highest recorded value was 0.024 DOD, current US$ per US$ of GDP in 2024.
- What is the lowest use of imf credit (dod, current us$), per unit of gdp recorded in Nigeria?
- The lowest recorded value was 0.0007 DOD, current US$ per US$ of GDP in 2008.
- How does Nigeria rank for use of imf credit (dod, current us$), per unit of gdp?
- Nigeria ranks 71st out of 122 countries with data for 2024.
- Is use of imf credit (dod, current us$), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 467.6%. 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 Use of IMF credit (DOD, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Use of IMF credit (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Use of IMF credit (DOD, current US$) ÷ GDP (current US$)
Computed from
- Use of IMF credit International Debt Statistics, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Use of IMF credit (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.