External debt, end year in Nigeria
Nigeria: External debt, end year was 31.26 billion current US$ in 2001. ▼ Falling
External debt, end year in Nigeria, 1994–2001
Source: World Bank country economists. Measured in current US$.
Analysis
In 2001, external debt, end year in Nigeria stood at 31.26 billion current US$.
Compared with earlier readings it is up 8.1% on the previous year and down 5.5% over ten years.
That places Nigeria 3rd out of 42 countries with data for 2001, putting it in the top 10%.
External debt, end year in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1994 | 33.09 billion current US$ | — |
| 1995 | 34.09 billion current US$ | +3.0% |
| 1996 | 30.97 billion current US$ | -9.2% |
| 1997 | 30.46 billion current US$ | -1.6% |
| 1998 | 29.90 billion current US$ | -1.8% |
| 1999 | 29.23 billion current US$ | -2.3% |
| 2000 | 28.93 billion current US$ | -1.0% |
| 2001 | 31.26 billion current US$ | +8.1% |
Nigeria compared with similar countries
- Nigeria's 31.26 billion current US$ is above the median for Sub-Saharan Africa, which is 1.39 billion current US$, 22.5× the median. (38 countries reporting)
- Nigeria's 31.26 billion current US$ is above the median for lower middle income countries, which is 2.53 billion current US$, 12.3× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.29 billion current US$ | 29.23 billion current US$ | 34.09 billion current US$ | 6 |
| 2000s | 30.10 billion current US$ | 28.93 billion current US$ | 31.26 billion current US$ | 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)
- 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 31.26 billion current US$ in 2001, according to World Bank country economists.
- What is the highest external debt, end year recorded in Nigeria?
- The highest recorded value was 34.09 billion current US$ in 1995.
- What is the lowest external debt, end year recorded in Nigeria?
- The lowest recorded value was 28.93 billion current US$ in 2000.
- How does Nigeria rank for external debt, end year?
- Nigeria ranks 3rd out of 42 countries with data for 2001.
- Is external debt, end year rising or falling in Nigeria?
- Over the last ten years it is down 5.5%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of External debt, end year (current US$). 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 U.S. dollars.