Debt service on external debt, total in Nigeria
Nigeria: Debt service on external debt, total was 13.46 billion TDS, current US$ in 2024. ◆ Volatile
Debt service on external debt, total in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
Nigeria recorded 13.46 billion TDS, current US$ for debt service on external debt, total in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 39.4% on the previous year and up 468.8% over ten years.
Over the whole period, debt service on external debt, total in Nigeria peaked at 13.46 billion TDS, current US$ in 2024 and was at its lowest, 94.47 million TDS, current US$, in 1971.
Nigeria ranks 18th of 121 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 205.49 million TDS, current US$ | 94.47 million TDS, current US$ | 400.28 million TDS, current US$ | 10 |
| 1980s | 2.36 billion TDS, current US$ | 1.11 billion TDS, current US$ | 4.43 billion TDS, current US$ | 10 |
| 1990s | 1.99 billion TDS, current US$ | 1.07 billion TDS, current US$ | 3.34 billion TDS, current US$ | 10 |
| 2000s | 2.92 billion TDS, current US$ | 647.61 million TDS, current US$ | 9.37 billion TDS, current US$ | 10 |
| 2010s | 2.93 billion TDS, current US$ | 599.49 million TDS, current US$ | 6.67 billion TDS, current US$ | 10 |
| 2020s | 9.01 billion TDS, current US$ | 5.45 billion TDS, current US$ | 13.46 billion TDS, current US$ | 5 |
Countries ranked near Nigeria
- 15 Thailand 17.99 billion TDS, current US$ compare
- 16 Pakistan 16.31 billion TDS, current US$ compare
- 17 Peru 15.23 billion TDS, current US$ compare
- 19 El Salvador 11.58 billion TDS, current US$ compare
- 20 Uzbekistan 11.47 billion TDS, current US$ compare
- 21 Angola 10.87 billion TDS, current US$ compare
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (2024)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA 1.92 billion NFL, current US$ (2024)
- Net financial flows, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
- IMF repurchases and charges 1.93 billion TDS, current US$ (2024)
- Net financial flows, multilateral 3.19 billion NFL, current US$ (2024)
- Debt service on external debt, public and publicly guaranteed (PPG) 3.86 billion TDS, current US$ (2024)
- Use of IMF credit 6.05 billion DOD, current US$ (2024)
- Multilateral debt service 1.26 billion TDS, current US$ (2024)
Frequently asked questions
- What is debt service on external debt, total in Nigeria?
- Debt service on external debt, total in Nigeria was 13.46 billion TDS, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service on external debt, total recorded in Nigeria?
- The highest recorded value was 13.46 billion TDS, current US$ in 2024.
- What is the lowest debt service on external debt, total recorded in Nigeria?
- The lowest recorded value was 94.47 million TDS, current US$ in 1971.
- How does Nigeria rank for debt service on external debt, total?
- Nigeria ranks 18th out of 121 countries with data for 2024.
- Is debt service on external debt, total rising or falling in Nigeria?
- Over the last ten years it is up 468.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service on external debt, total (TDS, current US$). Statizoid updates them automatically from the source API.
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About this data
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Data are in current U.S. dollars.