Interest on external debt in Nigeria
Nigeria: Interest on external debt was 182.23 billion current LCU in 2005. ◆ Volatile
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.
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
- 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 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.
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About this data
Interest on external debt (current LCU). Data are in current local currency.