Interest on external debt in Nigeria
Nigeria: Interest on external debt was 182.23 billion current LCU in 2005. ◆ Volatile
Latest (2005)
182.23 billion current LCU
Change on year
down 12.3%
World rank
3rd
of 50 countries
All-time high
207.84 billion current LCU
in 2004
All-time low
36.82 billion current LCU
in 1997
Years of data
12
1994–2005
Interest on external debt in Nigeria, 1994–2005
Source: World Bank country economists. Measured in current LCU.
Analysis
In 2005, interest on external debt in Nigeria stood at 182.23 billion current LCU.
The figure is down 12.3% on the previous year and up 328.4% over ten years.
Over the whole period, interest on external debt in Nigeria peaked at 207.84 billion current LCU in 2004 and was at its lowest, 36.82 billion current LCU, in 1997.
That places Nigeria 3rd out of 50 countries with data for 2005, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Interest on external debt in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 41.08 billion current LCU | — |
| 1995 | 42.54 billion current LCU | +3.5% |
| 1996 | 40.07 billion current LCU | -5.8% |
| 1997 | 36.82 billion current LCU | -8.1% |
| 1998 | 45.95 billion current LCU | +24.8% |
| 1999 | 182.71 billion current LCU | +297.6% |
| 2000 | 175.00 billion current LCU | -4.2% |
| 2001 | 172.00 billion current LCU | -1.7% |
| 2002 | 190.00 billion current LCU | +10.5% |
| 2003 | 205.28 billion current LCU | +8.0% |
| 2004 | 207.84 billion current LCU | +1.2% |
| 2005 | 182.23 billion current LCU | -12.3% |
Nigeria compared with similar countries
- Nigeria's 182.23 billion current LCU is above the median for Sub-Saharan Africa, which is 4.02 billion current LCU, 45.4× the median. (46 countries reporting)
- Nigeria's 182.23 billion current LCU is above the median for lower middle income countries, which is 5.00 billion current LCU, 36.4× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 64.86 billion current LCU | 36.82 billion current LCU | 182.71 billion current LCU | 6 |
| 2000s | 188.72 billion current LCU | 172.00 billion current LCU | 207.84 billion current LCU | 6 |
Countries ranked near Nigeria
- 1 Mozambique 869.37 billion current LCU compare
- 2 Guinea 293.27 billion current LCU compare
- 4 Cote d'Ivoire 170.80 billion current LCU compare
- 5 Sierra Leone 130.32 billion current LCU compare
- 6 Democratic Republic of Congo 107.80 billion 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 interest on external debt in Nigeria?
- Interest on external debt in Nigeria was 182.23 billion current LCU in 2005, according to World Bank country economists.
- What is the highest interest on external debt recorded in Nigeria?
- The highest recorded value was 207.84 billion current LCU in 2004.
- What is the lowest interest on external debt recorded in Nigeria?
- The lowest recorded value was 36.82 billion current LCU in 1997.
- How does Nigeria rank for interest on external debt?
- Nigeria ranks 3rd out of 50 countries with data for 2005.
- Is interest on external debt rising or falling in Nigeria?
- Over the last ten years it is up 328.4%. 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 Interest on external debt (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
Interest on external debt (current LCU). Data are in current local currency.