Nigeria External Debt

Indicator note: Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

Source organization: International Debt Statistics, World Bank (WB)

Metadata fetched: 2026-09-27 03:50:04. Open original metadata response.

Source revisions are retained before the current observation is replaced. This table documents the previous and replacement value for reproducibility.

Nigeria recorded 60,04 percent of GNI in 2024, the latest year available in this series.

Compared with 2023, the external debt increased by 31,01.

Across the latest five-year comparison window, the series shows an upward direction.

Across 9 observations from 2016 to 2024, the average was 24,13; the minimum was 10,98 in 2016 and the maximum was 60,04 in 2024.

Nigeria ranks 84 out of 121 countries with a current value in the portal ranking.

The latest value is above the available average for Sub-Saharan Africa.

It is also above the available average for the Lower middle income group.

External indebtedness and refinancing exposure.