03_Official bilateral loans, total in Nigeria

Nigeria: 03_Official bilateral loans, total was 1.78 billion in 2023. ◆ Volatile

Latest (2023)
1.78 billion
Change on year
up 50.6%
World rank
30th
of 160 countries
All-time high
8.39 billion
in 1997
All-time low
19.00 million
in 2006
Years of data
28
1996–2023

03_Official bilateral loans, total in Nigeria, 1996–2023

02.0B4.0B6.0B8.0B1996200920231996: 4.8B1997: 8.4B1998: 1.6B1999: 1.6B2000: 1.6B2001: 1.5B2002: 1.6B2003: 2.2B2004: 643.0M2005: 583.0M2006: 19.0M2007: 41.0M2008: 61.0M2009: 49.0M2010: 60.0M2011: 94.0M2012: 77.0M2013: 127.0M2014: 219.0M2015: 478.0M2016: 589.0M2017: 756.0M2018: 978.0M2019: 1.0B2020: 1.4B2021: 1.3B2022: 1.2B2023: 1.8B

Source: OECD.

Analysis

Nigeria recorded 1.78 billion for 03_official bilateral loans, total in 2023.

Compared with earlier readings it is up 50.6% on the previous year and up 1,299.2% over ten years.

Over the whole period, 03_official bilateral loans, total in Nigeria peaked at 8.39 billion in 1997 and was at its lowest, 19.00 million, in 2006.

Nigeria ranks 30th of 160 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

DecadeAverage LowestHighest Years
1990s 4.12 billion 1.61 billion 8.39 billion 4
2000s 833.60 million 19.00 million 2.17 billion 10
2010s 438.40 million 60.00 million 1.01 billion 10
2020s 1.42 billion 1.18 billion 1.78 billion 4

Countries ranked near Nigeria

  1. 27 Mozambique 2.08 billion compare
  2. 28 Ecuador 1.92 billion compare
  3. 29 Georgia 1.89 billion compare
  4. 31 Peru 1.74 billion compare
  5. 32 Cote d'Ivoire 1.63 billion compare
  6. 33 Israel 1.58 billion compare

See the full ranking of 162 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is 03_official bilateral loans, total in Nigeria?
03_official bilateral loans, total in Nigeria was 1.78 billion in 2023, according to OECD.
What is the highest 03_official bilateral loans, total recorded in Nigeria?
The highest recorded value was 8.39 billion in 1997.
What is the lowest 03_official bilateral loans, total recorded in Nigeria?
The lowest recorded value was 19.00 million in 2006.
How does Nigeria rank for 03_official bilateral loans, total?
Nigeria ranks 30th out of 160 countries with data for 2023.
Is 03_official bilateral loans, total rising or falling in Nigeria?
Over the last ten years it is up 1,299.2%. The long-run trend across the full record is volatile.
Where does this Nigeria data come from?
The figures come from OECD, published as part of 03_Official bilateral loans, total. Statizoid updates them automatically from the source API.

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About this data

Indicator
03_Official bilateral loans, total
Source
OECD
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
162 places, 3,734 data points, 1996–2023
Last refreshed

The data show the outstanding debt on loans, other than direct export credits, extended by governments which are members of the OECD’s Development Assistance Committee (DAC). In addition to straightforward loans, official bilateral loans include loans repayable in kind, and eligible loans in Associated Financing packages.