Central government debt, monetary system credit (current LCU) in Nigeria
Nigeria: Central government debt, monetary system credit (current LCU) was 879.37 billion current LCU in 2001. ▲ Rising
Latest (2001)
879.37 billion current LCU
Change on year
up 8.8%
World rank
5th
of 41 countries
All-time high
879.37 billion current LCU
in 2001
All-time low
290.27 billion current LCU
in 1996
Years of data
6
1996–2001
Central government debt, monetary system credit in Nigeria, 1996–2001
Source: World Bank country economists. Measured in current LCU.
Analysis
Nigeria recorded 879.37 billion current LCU for central government debt, monetary system credit in 2001. That is the highest value across all 6 years on record.
The figure is up 8.8% on the previous year and up 202.9% over ten years.
Nigeria ranks 5th of 41 countries on this measure, in the top 10%.
Central government debt, monetary system credit (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1996 | 290.27 billion current LCU | — |
| 1997 | 305.68 billion current LCU | +5.3% |
| 1998 | 355.86 billion current LCU | +16.4% |
| 1999 | 765.12 billion current LCU | +115.0% |
| 2000 | 808.22 billion current LCU | +5.6% |
| 2001 | 879.37 billion current LCU | +8.8% |
Nigeria compared with similar countries
- Nigeria's 879.37 billion current LCU is above the median for lower middle income countries, which is 2.52 billion current LCU, 349.6× the median. (20 countries reporting)
- Nigeria's 879.37 billion current LCU is above the median for Sub-Saharan Africa, which is 35.65 billion current LCU, 24.7× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 429.23 billion current LCU | 290.27 billion current LCU | 765.12 billion current LCU | 4 |
| 2000s | 843.80 billion current LCU | 808.22 billion current LCU | 879.37 billion current LCU | 2 |
Countries ranked near Nigeria
More science & technology data for Nigeria
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Mobile landline subscriptions, gaps filled 70.76 (2024)
- Mobile cellular subscriptions by country, per capita 0.7076 units per person (2024)
- Mobile cellular subscriptions by country, per unit of GDP 0.0007 units per US$ of GDP (2024)
- Mobile cellular subscriptions by country, gaps filled 164.65 million (2024)
- Mobile cellular subscriptions by country, per square kilometre 246.4 units per square kilometre (2023)
- Mobile landline subscriptions, annual growth rate -28.14 % change on previous year (2024)
- Mobile cellular subscriptions by country, annual growth rate -26.63 % change on previous year (2024)
- Patent applications, nonresidents, gaps filled 598 (2020)
- Patent applications, nonresidents 598 (2020)
Frequently asked questions
- What is central government debt, monetary system credit in Nigeria?
- Central government debt, monetary system credit in Nigeria was 879.37 billion current LCU in 2001, according to World Bank country economists.
- What is the highest central government debt, monetary system credit recorded in Nigeria?
- The highest recorded value was 879.37 billion current LCU in 2001.
- What is the lowest central government debt, monetary system credit recorded in Nigeria?
- The lowest recorded value was 290.27 billion current LCU in 1996.
- How does Nigeria rank for central government debt, monetary system credit?
- Nigeria ranks 5th out of 41 countries with data for 2001.
- Is central government debt, monetary system credit rising or falling in Nigeria?
- Over the last ten years it is up 202.9%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of Central government debt, monetary system credit (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic debt consists of the outstanding stock or recognized, direct liabilities to the monetary system. Data are in current local currencies.