PPG, IDA in Nigeria
Nigeria: PPG, IDA was 16.60 billion DOD, current US$ in 2024. ◆ Volatile
PPG, IDA in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
The most recent figure for ppg, ida in Nigeria is 16.60 billion DOD, current US$, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 9.7% on the previous year and up 187.3% over ten years.
Over the whole period, ppg, ida in Nigeria peaked at 16.60 billion DOD, current US$ in 2024 and was at its lowest, 17.18 million DOD, current US$, in 1970.
Nigeria ranks 3rd of 104 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 31.51 million DOD, current US$ | 17.18 million DOD, current US$ | 38.46 million DOD, current US$ | 10 |
| 1980s | 34.47 million DOD, current US$ | 29.89 million DOD, current US$ | 37.46 million DOD, current US$ | 10 |
| 1990s | 268.57 million DOD, current US$ | 36.28 million DOD, current US$ | 624.02 million DOD, current US$ | 10 |
| 2000s | 1.33 billion DOD, current US$ | 621.01 million DOD, current US$ | 2.74 billion DOD, current US$ | 10 |
| 2010s | 6.22 billion DOD, current US$ | 3.66 billion DOD, current US$ | 9.55 billion DOD, current US$ | 10 |
| 2020s | 13.62 billion DOD, current US$ | 11.01 billion DOD, current US$ | 16.60 billion DOD, current US$ | 5 |
Countries ranked near Nigeria
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 ppg, ida in Nigeria?
- Ppg, ida in Nigeria was 16.60 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest ppg, ida recorded in Nigeria?
- The highest recorded value was 16.60 billion DOD, current US$ in 2024.
- What is the lowest ppg, ida recorded in Nigeria?
- The lowest recorded value was 17.18 million DOD, current US$ in 1970.
- How does Nigeria rank for ppg, ida?
- Nigeria ranks 3rd out of 104 countries with data for 2024.
- Is ppg, ida rising or falling in Nigeria?
- Over the last ten years it is up 187.3%. 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 PPG, IDA (DOD, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Public and publicly guaranteed debt outstanding from the International Development Association (IDA) is concessional. Concessional debt is defined as loans with an original grant element of 35 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 5 percent. Data are in current U.S. dollars.