External debt stocks, short-term in Nigeria
Nigeria: External debt stocks, short-term was 22.23 billion DOD, current US$ in 2024. ◆ Volatile
External debt stocks, short-term in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
In 2024, external debt stocks, short-term in Nigeria stood at 22.23 billion DOD, current US$. That is the highest value across all 55 years on record.
The figure is up 21.5% on the previous year and up 75.8% over ten years.
Over the whole period, external debt stocks, short-term in Nigeria peaked at 22.23 billion DOD, current US$ in 2024 and was at its lowest, 269.60 million DOD, current US$, in 1970.
Nigeria ranks 13th of 121 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 997.57 million DOD, current US$ | 269.60 million DOD, current US$ | 2.45 billion DOD, current US$ | 10 |
| 1980s | 3.36 billion DOD, current US$ | 464.77 million DOD, current US$ | 5.74 billion DOD, current US$ | 10 |
| 1990s | 4.30 billion DOD, current US$ | 858.65 million DOD, current US$ | 6.56 billion DOD, current US$ | 10 |
| 2000s | 4.32 billion DOD, current US$ | 1.12 billion DOD, current US$ | 6.46 billion DOD, current US$ | 10 |
| 2010s | 13.18 billion DOD, current US$ | 6.53 billion DOD, current US$ | 20.86 billion DOD, current US$ | 10 |
| 2020s | 19.80 billion DOD, current US$ | 18.29 billion DOD, current US$ | 22.23 billion DOD, current US$ | 5 |
Countries ranked near Nigeria
- 10 South Africa 46.83 billion DOD, current US$ compare
- 11 Vietnam 37.09 billion DOD, current US$ compare
- 12 Egypt 31.00 billion DOD, current US$ compare
- 14 Philippines 20.95 billion DOD, current US$ compare
- 15 Kazakhstan 19.59 billion DOD, current US$ compare
- 16 Colombia 19.05 billion DOD, 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)
- Multilateral debt service 32.5% (2024)
- Multilateral debt service 1.26 billion TDS, current US$ (2024)
Frequently asked questions
- What is external debt stocks, short-term in Nigeria?
- External debt stocks, short-term in Nigeria was 22.23 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, short-term recorded in Nigeria?
- The highest recorded value was 22.23 billion DOD, current US$ in 2024.
- What is the lowest external debt stocks, short-term recorded in Nigeria?
- The lowest recorded value was 269.60 million DOD, current US$ in 1970.
- How does Nigeria rank for external debt stocks, short-term?
- Nigeria ranks 13th out of 121 countries with data for 2024.
- Is external debt stocks, short-term rising or falling in Nigeria?
- Over the last ten years it is up 75.8%. 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 External debt stocks, short-term (DOD, current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Data are in current U.S. dollars.