External borrowing, net in Nigeria
Nigeria: External borrowing, net was -160.61 billion current LCU in 2005. ◆ Volatile
External borrowing, net in Nigeria, 1994–2005
Source: World Bank country economists. Measured in current LCU.
Analysis
In 2005, external borrowing, net in Nigeria stood at -160.61 billion current LCU.
That represents a change of up 7.0% on the previous year and down 178.4% over ten years.
Over the whole period, external borrowing, net in Nigeria peaked at 40.88 billion current LCU in 1997 and was at its lowest, -188.26 billion current LCU, in 1999.
That places Nigeria 48th out of 50 countries with data for 2005, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -57.90 billion current LCU | -188.26 billion current LCU | 40.88 billion current LCU | 6 |
| 2000s | -166.86 billion current LCU | -184.00 billion current LCU | -155.00 billion current LCU | 6 |
Countries ranked near Nigeria
More science & technology data for Nigeria
- Scientific and technical journal articles 9,799 (2023)
- Mobile phone subscriptions 164.65 million (2024)
- Mobile phone subscriptions per 100 people 70.76 per 100 people (2024)
- Mobile and landline phone subscriptions per 100 people 70.76 per 100 people (2024)
- Patent applications, nonresidents 598 (2020)
- Share of the population using the Internet 41.2% (2024)
- Patent applications, residents 410 (2020)
- Number of people using the Internet 77.60 million users (2021)
- Landline Internet subscriptions per 100 people 0.0787 per 100 people (2024)
- Landline Internet subscriptions 183,207 (2024)
Frequently asked questions
- What is external borrowing, net in Nigeria?
- External borrowing, net in Nigeria was -160.61 billion current LCU in 2005, according to World Bank country economists.
- What is the highest external borrowing, net recorded in Nigeria?
- The highest recorded value was 40.88 billion current LCU in 1997.
- What is the lowest external borrowing, net recorded in Nigeria?
- The lowest recorded value was -188.26 billion current LCU in 1999.
- How does Nigeria rank for external borrowing, net?
- Nigeria ranks 48th out of 50 countries with data for 2005.
- Is external borrowing, net rising or falling in Nigeria?
- Over the last ten years it is down 178.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of External borrowing, net (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Financing from abroad (obtained from nonresidents) refer to the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. It includes all government liabilities--other. Data are in current local currency.