Total government debt in Nigeria
Nigeria: Total government debt was 4.34 trillion current LCU in 2002. ◆ Volatile
Total government debt in Nigeria, 1994–2002
Source: World Bank country economists. Measured in current LCU.
Analysis
The most recent figure for total government debt in Nigeria is 4.34 trillion current LCU, measured in 2002.
The figure is down 0.8% on the previous year and up 305.7% over ten years.
Over the whole period, total government debt in Nigeria peaked at 4.38 trillion current LCU in 2001 and was at its lowest, 1.07 trillion current LCU, in 1994.
That places Nigeria 7th out of 44 countries with data for 2002, putting it in the top quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.79 trillion current LCU | 1.07 trillion current LCU | 2.87 trillion current LCU | 6 |
| 2000s | 4.31 trillion current LCU | 4.23 trillion current LCU | 4.38 trillion current LCU | 3 |
Countries ranked near Nigeria
- 4 Cote d'Ivoire 16.22 trillion current LCU compare
- 5 Guinea 15.46 trillion current LCU compare
- 6 Uganda 8.85 trillion current LCU compare
- 8 Madagascar 4.08 trillion current LCU compare
- 9 Sao Tome and Principe 3.31 trillion current LCU compare
- 10 Angola 3.08 trillion 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 total government debt in Nigeria?
- Total government debt in Nigeria was 4.34 trillion current LCU in 2002, according to World Bank country economists.
- What is the highest total government debt recorded in Nigeria?
- The highest recorded value was 4.38 trillion current LCU in 2001.
- What is the lowest total government debt recorded in Nigeria?
- The lowest recorded value was 1.07 trillion current LCU in 1994.
- How does Nigeria rank for total government debt?
- Nigeria ranks 7th out of 44 countries with data for 2002.
- Is total government debt rising or falling in Nigeria?
- Over the last ten years it is up 305.7%. 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 Total government debt (current LCU). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Data are in current local currency.