External debt — all countries

External debt — Nigeria

External debt in Nigeria in 2024 — 108,757,630,162 US$. Ranked 102 in the world out of 118. Since 1970, the indicator has risen by 12,898.7%.

2024 109B US$ +6.13% vs 2023
World rank 102of 118
Period maximum 109B US$2024
Period minimum 837M US$1970

Trend over time

1970–2024 · US$

External debt — Nigeria, 1970–2024050B100B150B19701976198219881994200020062012201820241970: 836,680,592 US$1971: 960,364,871 US$1972: 1,081,759,365 US$1973: 1,778,977,496 US$1974: 1,880,722,152 US$1975: 1,687,175,642 US$1976: 1,337,791,872 US$1977: 3,146,444,250 US$1978: 5,091,168,448 US$1979: 6,244,582,441 US$1980: 8,938,210,283 US$1981: 11,445,499,562 US$1982: 11,992,466,650 US$1983: 17,576,996,153 US$1984: 17,783,310,907 US$1985: 18,655,375,059 US$1986: 22,215,781,654 US$1987: 29,024,891,233 US$1988: 29,624,118,543 US$1989: 30,121,991,493 US$1990: 33,458,483,418 US$1991: 33,526,931,287 US$1992: 29,018,663,728 US$1993: 30,699,263,746 US$1994: 33,092,276,818 US$1995: 34,094,439,060 US$1996: 31,414,754,639 US$1997: 28,467,535,604 US$1998: 30,313,714,708 US$1999: 29,095,550,937 US$2000: 33,514,256,077 US$2001: 34,976,644,764 US$2002: 36,779,630,348 US$2003: 41,856,858,871 US$2004: 45,910,626,686 US$2005: 33,654,648,315 US$2006: 17,491,682,579 US$2007: 19,484,330,677 US$2008: 20,418,957,893 US$2009: 22,748,897,640 US$2010: 29,148,883,009 US$2011: 34,129,232,146 US$2012: 39,282,745,539 US$2013: 42,604,005,424 US$2014: 46,672,476,310 US$2015: 45,024,833,872 US$2016: 43,735,939,489 US$2017: 65,142,821,170 US$2018: 69,440,288,785 US$2019: 81,342,753,975 US$2020: 87,591,245,939 US$2021: 96,254,706,294 US$2022: 103,064,224,483 US$2023: 102,472,750,413 US$2024: 108,757,630,162 US$
Change over the period: +108B (+12,898.7%) Average annual rate: 9.43 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Nigeria

Nigeria 109B US$
Sub-Saharan Africa computed 903B US$
Western Africa computed 295B US$
Lower-middle-income countries computed 2.61T US$
External debt — Nigeria, by year Nigeria All countries CSV XLSX
Year US$ Change Change, %
2024 109B +6.28B +6.13%
2023 102B −591M −0.57%
2022 103B +6.81B +7.07%
2021 96.25B +8.66B +9.89%
2020 87.59B +6.25B +7.68%
2019 81.34B +11.9B +17.14%
2018 69.44B +4.3B +6.6%
2017 65.14B +21.41B +48.95%
2016 43.74B −1.29B −2.86%
2015 45.02B −1.65B −3.53%
2014 46.67B +4.07B +9.55%
2013 42.6B +3.32B +8.45%
2012 39.28B +5.15B +15.1%
2011 34.13B +4.98B +17.09%
2010 29.15B +6.4B +28.13%
2009 22.75B +2.33B +11.41%
2008 20.42B +935M +4.8%
2007 19.48B +1.99B +11.39%
2006 17.49B −16.16B −48.03%
2005 33.65B −12.26B −26.7%
2004 45.91B +4.05B +9.68%
2003 41.86B +5.08B +13.8%
2002 36.78B +1.8B +5.15%
2001 34.98B +1.46B +4.36%
2000 33.51B +4.42B +15.19%
1999 29.1B −1.22B −4.02%
1998 30.31B +1.85B +6.49%
1997 28.47B −2.95B −9.38%
1996 31.41B −2.68B −7.86%
1995 34.09B +1B +3.03%
1994 33.09B +2.39B +7.8%
1993 30.7B +1.68B +5.79%
1992 29.02B −4.51B −13.45%
1991 33.53B +68.45M +0.2%
1990 33.46B +3.34B +11.08%
1989 30.12B +498M +1.68%
1988 29.62B +599M +2.06%
1987 29.02B +6.81B +30.65%
1986 22.22B +3.56B +19.09%
1985 18.66B +872M +4.9%
1984 17.78B +206M +1.17%
1983 17.58B +5.58B +46.57%
1982 11.99B +547M +4.78%
1981 11.45B +2.51B +28.05%
1980 8.94B +2.69B +43.14%
1979 6.24B +1.15B +22.66%
1978 5.09B +1.94B +61.81%
1977 3.15B +1.81B +135.2%
1976 1.34B −349M −20.71%
1975 1.69B −194M −10.29%
1974 1.88B +102M +5.72%
1973 1.78B +697M +64.45%
1972 1.08B +121M +12.64%
1971 960M +124M +14.78%
1970 837M

About the indicator

Total external debt: the liabilities of a country's residents to non-residents in foreign and in national currency, covering public, publicly guaranteed and private debt. It differs from government debt fundamentally — it includes the borrowing of banks and corporations that the government does not guarantee but that turns out to be its problem in a crisis all the same.

Important: Only middle- and low-income countries report to the World Bank Debtor Reporting System, so the table holds about 130 of them. Aggregates for country groups are not computed: the sum over those present is the debt of developing countries, not of the world.

Source: World Development Indicators (World Bank), license CC BY 4.0.