05_Official bilateral loans, other in Nigeria

Nigeria: 05_Official bilateral loans, other was 970.00 million in 2023. ◆ Volatile

Latest (2023)
970.00 million
Change on year
up 226.6%
World rank
5th
of 103 countries
All-time high
970.00 million
in 2023
All-time low
7.00 million
in 2005
Years of data
20
2004–2023

05_Official bilateral loans, other in Nigeria, 2004–2023

0200.0M400.0M600.0M800.0M1.0B2004201320232004: 70.0M2005: 7.0M2006: 14.0M2007: 36.0M2008: 58.0M2009: 47.0M2010: 58.0M2011: 93.0M2012: 77.0M2013: 68.0M2014: 72.0M2015: 240.0M2016: 298.0M2017: 285.0M2018: 350.0M2019: 369.0M2020: 593.0M2021: 535.0M2022: 297.0M2023: 970.0M

Source: OECD.

Analysis

In 2023, 05_official bilateral loans, other in Nigeria stood at 970.00 million. That is the highest value across all 20 years on record.

The figure is up 226.6% on the previous year and up 1,326.5% over ten years.

Over the whole period, 05_official bilateral loans, other in Nigeria peaked at 970.00 million in 2023 and was at its lowest, 7.00 million, in 2005.

That places Nigeria 5th out of 103 countries with data for 2023, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 38.67 million 7.00 million 70.00 million 6
2010s 191.00 million 58.00 million 369.00 million 10
2020s 598.75 million 297.00 million 970.00 million 4

Countries ranked near Nigeria

  1. 2 Brazil 1.44 billion compare
  2. 3 Turkey 1.05 billion compare
  3. 4 China 1.03 billion compare
  4. 6 Papua New Guinea 927.00 million compare
  5. 7 South Africa 875.00 million compare
  6. 8 Pakistan 808.00 million compare

See the full ranking of 105 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is 05_official bilateral loans, other in Nigeria?
05_official bilateral loans, other in Nigeria was 970.00 million in 2023, according to OECD.
What is the highest 05_official bilateral loans, other recorded in Nigeria?
The highest recorded value was 970.00 million in 2023.
What is the lowest 05_official bilateral loans, other recorded in Nigeria?
The lowest recorded value was 7.00 million in 2005.
How does Nigeria rank for 05_official bilateral loans, other?
Nigeria ranks 5th out of 103 countries with data for 2023.
Is 05_official bilateral loans, other rising or falling in Nigeria?
Over the last ten years it is up 1,326.5%. 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 05_Official bilateral loans, other. Statizoid updates them automatically from the source API.

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About this data

Indicator
05_Official bilateral loans, other
Source
OECD
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
105 places, 1,645 data points, 2004–2023
Last refreshed

Other loans cover official loans other than export credits that do not qualify as ODA, either as they are not for developmental purposes or are insufficiently concessional. Those DAC Members that provide loans, and so hold official debt, notify data on outstanding amounts on these loans to OECD annually under the Creditor Reporting System.