External debt, end year in Nigeria
Nigeria: External debt, end year was 3.62 trillion current LCU in 2002. ◆ Volatile
External debt, end year in Nigeria, 1994–2002
Source: World Bank country economists. Measured in current LCU.
Analysis
The most recent figure for external debt, end year in Nigeria is 3.62 trillion current LCU, measured in 2002. That is the highest value across all 9 years on record.
The figure is up 7.8% on the previous year and up 397.4% over ten years.
Over the whole period, external debt, end year in Nigeria peaked at 3.62 trillion current LCU in 2002 and was at its lowest, 687.38 billion current LCU, in 1996.
Nigeria ranks 8th of 47 countries on this measure, in the top quarter.
External debt, end year in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 727.89 billion current LCU | — |
| 1995 | 746.46 billion current LCU | +2.6% |
| 1996 | 687.38 billion current LCU | -7.9% |
| 1997 | 1.86 trillion current LCU | +170.3% |
| 1998 | 1.93 trillion current LCU | +3.6% |
| 1999 | 2.07 trillion current LCU | +7.5% |
| 2000 | 3.33 trillion current LCU | +60.8% |
| 2001 | 3.36 trillion current LCU | +0.9% |
| 2002 | 3.62 trillion current LCU | +7.8% |
Nigeria compared with similar countries
- Nigeria's 3.62 trillion current LCU is above the median for lower middle income countries, which is 103.62 billion current LCU, 34.9× the median. (23 countries reporting)
- Nigeria's 3.62 trillion current LCU is above the median for Sub-Saharan Africa, which is 106.85 billion current LCU, 33.9× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.34 trillion current LCU | 687.38 billion current LCU | 2.07 trillion current LCU | 6 |
| 2000s | 3.44 trillion current LCU | 3.33 trillion current LCU | 3.62 trillion current LCU | 3 |
Countries ranked near Nigeria
- 5 Uganda 6.11 trillion current LCU compare
- 6 Cote d'Ivoire 5.30 trillion current LCU compare
- 7 Madagascar 3.75 trillion current LCU
- 9 Sao Tome and Principe 3.58 trillion current LCU compare
- 10 Angola 1.92 trillion current LCU compare
- 11 Senegal 1.74 trillion current LCU compare
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)
- Scientific and technical journal articles 9,799 (2023)
- Scientific and technical journal articles, per capita 0 units per person (2023)
Frequently asked questions
- What is external debt, end year in Nigeria?
- External debt, end year in Nigeria was 3.62 trillion current LCU in 2002, according to World Bank country economists.
- What is the highest external debt, end year recorded in Nigeria?
- The highest recorded value was 3.62 trillion current LCU in 2002.
- What is the lowest external debt, end year recorded in Nigeria?
- The lowest recorded value was 687.38 billion current LCU in 1996.
- How does Nigeria rank for external debt, end year?
- Nigeria ranks 8th out of 47 countries with data for 2002.
- Is external debt, end year rising or falling in Nigeria?
- Over the last ten years it is up 397.4%. 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 debt, end year (current LCU). Statizoid updates them automatically from the source API.
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About this data
Foreign debt consists of the outstanding stock or recognized, direct liabilities of the government to the rest of the world, generated in the past and scheduled to be extinguished by government operations in the future or to continue as perpetual debt. Data are in current local currency.