Interest on domestic debt (current LCU) in Nigeria
Nigeria: Interest on domestic debt (current LCU) was 200.26 billion current LCU in 2005. ◆ Volatile
Interest on domestic debt in Nigeria, 1994–2005
Source: World Bank country economists. Measured in current LCU.
Analysis
The most recent figure for interest on domestic debt in Nigeria is 200.26 billion current LCU, measured in 2005. That is the highest value across all 12 years on record.
That represents a change of up 6.1% on the previous year and up 566.8% over ten years.
Over the whole period, interest on domestic debt in Nigeria peaked at 200.26 billion current LCU in 2005 and was at its lowest, 25.00 billion current LCU, in 1996.
That places Nigeria 6th out of 50 countries with data for 2005, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest on domestic debt (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 28.48 billion current LCU | — |
| 1995 | 30.03 billion current LCU | +5.4% |
| 1996 | 25.00 billion current LCU | -16.8% |
| 1997 | 35.00 billion current LCU | +40.0% |
| 1998 | 40.52 billion current LCU | +15.8% |
| 1999 | 84.03 billion current LCU | +107.4% |
| 2000 | 104.17 billion current LCU | +24.0% |
| 2001 | 155.00 billion current LCU | +48.8% |
| 2002 | 171.00 billion current LCU | +10.3% |
| 2003 | 169.72 billion current LCU | -0.7% |
| 2004 | 188.82 billion current LCU | +11.3% |
| 2005 | 200.26 billion current LCU | +6.1% |
Nigeria compared with similar countries
- Nigeria's 200.26 billion current LCU is above the median for Sub-Saharan Africa, which is 3.25 billion current LCU, 61.6× the median. (46 countries reporting)
- Nigeria's 200.26 billion current LCU is above the median for lower middle income countries, which is 11.70 billion current LCU, 17.1× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 40.51 billion current LCU | 25.00 billion current LCU | 84.03 billion current LCU | 6 |
| 2000s | 164.83 billion current LCU | 104.17 billion current LCU | 200.26 billion current LCU | 6 |
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 interest on domestic debt in Nigeria?
- Interest on domestic debt in Nigeria was 200.26 billion current LCU in 2005, according to World Bank country economists.
- What is the highest interest on domestic debt recorded in Nigeria?
- The highest recorded value was 200.26 billion current LCU in 2005.
- What is the lowest interest on domestic debt recorded in Nigeria?
- The lowest recorded value was 25.00 billion current LCU in 1996.
- How does Nigeria rank for interest on domestic debt?
- Nigeria ranks 6th out of 50 countries with data for 2005.
- Is interest on domestic debt rising or falling in Nigeria?
- Over the last ten years it is up 566.8%. 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 Interest on domestic debt (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest on domestic debt. Data are in current local currency.