External debt stocks, total (DOD, current US$), per unit of GDP in Nigeria
Nigeria: External debt stocks, total (DOD, current US$), per unit of GDP was 0.4311 DOD, current US$ per US$ of GDP in 2024. ◆ Volatile
External debt stocks, total (DOD, current US$), per unit of GDP in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in DOD, current US$ per US$ of GDP.
Analysis
In 2024, external debt stocks, total (dod, current us$), per unit of gdp in Nigeria stood at 0.4311 DOD, current US$ per US$ of GDP.
That represents a change of up 105.1% on the previous year and up 430.4% over ten years.
Over the whole period, external debt stocks, total (dod, current us$), per unit of gdp in Nigeria peaked at 0.6845 DOD, current US$ per US$ of GDP in 1989 and was at its lowest, 0.0368 DOD, current US$ per US$ of GDP, in 1976.
That places Nigeria 57th out of 122 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, total (DOD, current US$), per unit of GDP in Nigeria, year by year
| Year | DOD, current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0667 DOD, current US$ per US$ of GDP | — |
| 1971 | 0.1046 DOD, current US$ per US$ of GDP | +56.8% |
| 1972 | 0.0881 DOD, current US$ per US$ of GDP | -15.7% |
| 1973 | 0.1173 DOD, current US$ per US$ of GDP | +33.1% |
| 1974 | 0.0757 DOD, current US$ per US$ of GDP | -35.5% |
| 1975 | 0.0607 DOD, current US$ per US$ of GDP | -19.8% |
| 1976 | 0.0368 DOD, current US$ per US$ of GDP | -39.3% |
| 1977 | 0.0873 DOD, current US$ per US$ of GDP | +137.0% |
| 1978 | 0.1394 DOD, current US$ per US$ of GDP | +59.6% |
| 1979 | 0.1321 DOD, current US$ per US$ of GDP | -5.2% |
| 1980 | 0.1392 DOD, current US$ per US$ of GDP | +5.4% |
| 1981 | 0.0696 DOD, current US$ per US$ of GDP | -50.0% |
| 1982 | 0.084 DOD, current US$ per US$ of GDP | +20.7% |
| 1983 | 0.181 DOD, current US$ per US$ of GDP | +115.5% |
| 1984 | 0.242 DOD, current US$ per US$ of GDP | +33.7% |
| 1985 | 0.253 DOD, current US$ per US$ of GDP | +4.5% |
| 1986 | 0.4054 DOD, current US$ per US$ of GDP | +60.2% |
| 1987 | 0.551 DOD, current US$ per US$ of GDP | +35.9% |
| 1988 | 0.5967 DOD, current US$ per US$ of GDP | +8.3% |
| 1989 | 0.6845 DOD, current US$ per US$ of GDP | +14.7% |
| 1990 | 0.6192 DOD, current US$ per US$ of GDP | -9.5% |
| 1991 | 0.5632 DOD, current US$ per US$ of GDP | -9.0% |
| 1992 | 0.5574 DOD, current US$ per US$ of GDP | -1.0% |
| 1993 | 0.5412 DOD, current US$ per US$ of GDP | -2.9% |
| 1994 | 0.4116 DOD, current US$ per US$ of GDP | -24.0% |
| 1995 | 0.2419 DOD, current US$ per US$ of GDP | -41.2% |
| 1996 | 0.1691 DOD, current US$ per US$ of GDP | -30.1% |
| 1997 | 0.1417 DOD, current US$ per US$ of GDP | -16.2% |
| 1998 | 0.1388 DOD, current US$ per US$ of GDP | -2.1% |
| 1999 | 0.4919 DOD, current US$ per US$ of GDP | +254.4% |
| 2000 | 0.4845 DOD, current US$ per US$ of GDP | -1.5% |
| 2001 | 0.4755 DOD, current US$ per US$ of GDP | -1.9% |
| 2002 | 0.3869 DOD, current US$ per US$ of GDP | -18.6% |
| 2003 | 0.3996 DOD, current US$ per US$ of GDP | +3.3% |
| 2004 | 0.3382 DOD, current US$ per US$ of GDP | -15.4% |
| 2005 | 0.1916 DOD, current US$ per US$ of GDP | -43.3% |
| 2006 | 0.0734 DOD, current US$ per US$ of GDP | -61.7% |
| 2007 | 0.07 DOD, current US$ per US$ of GDP | -4.5% |
| 2008 | 0.0601 DOD, current US$ per US$ of GDP | -14.1% |
| 2009 | 0.0771 DOD, current US$ per US$ of GDP | +28.2% |
| 2010 | 0.0794 DOD, current US$ per US$ of GDP | +3.0% |
| 2011 | 0.0823 DOD, current US$ per US$ of GDP | +3.7% |
| 2012 | 0.0847 DOD, current US$ per US$ of GDP | +2.8% |
| 2013 | 0.0819 DOD, current US$ per US$ of GDP | -3.3% |
| 2014 | 0.0813 DOD, current US$ per US$ of GDP | -0.8% |
| 2015 | 0.0913 DOD, current US$ per US$ of GDP | +12.3% |
| 2016 | 0.1081 DOD, current US$ per US$ of GDP | +18.4% |
| 2017 | 0.1734 DOD, current US$ per US$ of GDP | +60.4% |
| 2018 | 0.1647 DOD, current US$ per US$ of GDP | -5.0% |
| 2019 | 0.1217 DOD, current US$ per US$ of GDP | -26.1% |
| 2020 | 0.1463 DOD, current US$ per US$ of GDP | +20.2% |
| 2021 | 0.158 DOD, current US$ per US$ of GDP | +8.0% |
| 2022 | 0.1593 DOD, current US$ per US$ of GDP | +0.8% |
| 2023 | 0.2102 DOD, current US$ per US$ of GDP | +32.0% |
| 2024 | 0.4311 DOD, current US$ per US$ of GDP | +105.1% |
Nigeria compared with similar countries
- Nigeria's 0.4311 DOD, current US$ per US$ of GDP is above the median for lower middle income countries, which is 0.4173 DOD, current US$ per US$ of GDP, 1.0× the median. (43 countries reporting)
- Nigeria's 0.4311 DOD, current US$ per US$ of GDP is above the median for Sub-Saharan Africa, which is 0.4067 DOD, current US$ per US$ of GDP, 1.1× the median. (44 countries reporting)
Biggest year-on-year movements
Years where External debt stocks, total (DOD, current US$), per unit of GDP in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +254.4% | 0.1388 DOD, current US$ per US$ of GDP | 0.4919 DOD, current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0909 DOD, current US$ per US$ of GDP | 0.0368 DOD, current US$ per US$ of GDP | 0.1394 DOD, current US$ per US$ of GDP | 10 |
| 1980s | 0.3206 DOD, current US$ per US$ of GDP | 0.0696 DOD, current US$ per US$ of GDP | 0.6845 DOD, current US$ per US$ of GDP | 10 |
| 1990s | 0.3876 DOD, current US$ per US$ of GDP | 0.1388 DOD, current US$ per US$ of GDP | 0.6192 DOD, current US$ per US$ of GDP | 10 |
| 2000s | 0.2557 DOD, current US$ per US$ of GDP | 0.0601 DOD, current US$ per US$ of GDP | 0.4845 DOD, current US$ per US$ of GDP | 10 |
| 2010s | 0.1069 DOD, current US$ per US$ of GDP | 0.0794 DOD, current US$ per US$ of GDP | 0.1734 DOD, current US$ per US$ of GDP | 10 |
| 2020s | 0.221 DOD, current US$ per US$ of GDP | 0.1463 DOD, current US$ per US$ of GDP | 0.4311 DOD, current US$ per US$ of GDP | 5 |
Countries ranked near Nigeria
- 54 Sudan 0.4433 DOD, current US$ per US$ of GDP compare
- 55 South Africa 0.4385 DOD, current US$ per US$ of GDP compare
- 56 Belarus 0.4354 DOD, current US$ per US$ of GDP compare
- 58 Dominican Republic 0.4288 DOD, current US$ per US$ of GDP compare
- 59 Congo 0.428 DOD, current US$ per US$ of GDP compare
- 60 Morocco 0.4233 DOD, current US$ per US$ of GDP compare
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0107 units per US$ of GDP (2025)
Frequently asked questions
- What is external debt stocks, total (dod, current us$), per unit of gdp in Nigeria?
- External debt stocks, total (dod, current us$), per unit of gdp in Nigeria was 0.4311 DOD, current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest external debt stocks, total (dod, current us$), per unit of gdp recorded in Nigeria?
- The highest recorded value was 0.6845 DOD, current US$ per US$ of GDP in 1989.
- What is the lowest external debt stocks, total (dod, current us$), per unit of gdp recorded in Nigeria?
- The lowest recorded value was 0.0368 DOD, current US$ per US$ of GDP in 1976.
- How does Nigeria rank for external debt stocks, total (dod, current us$), per unit of gdp?
- Nigeria ranks 57th out of 122 countries with data for 2024.
- Is external debt stocks, total (dod, current us$), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 430.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of External debt stocks, total (DOD, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
External debt stocks, total (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
External debt stocks, total (DOD, current US$) ÷ GDP (current US$)
Computed from
- External debt stocks, total International Debt Statistics, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
External debt stocks, total (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.