Foreign liabilities in Nigeria

Nigeria: Foreign liabilities was 164.56 billion current US$ in 2020. ◆ Volatile

Latest (2020)
164.56 billion current US$
Change on year
up 4.8%
World rank
55th
of 150 countries
All-time high
184.81 billion current US$
in 2014
All-time low
44.72 billion current US$
in 1997
Years of data
26
1995–2020

Foreign liabilities in Nigeria, 1995–2020

50.0B100.0B150.0B200.0B1995200720201995: 47.1B current US$1996: 44.8B current US$1997: 44.7B current US$1998: 44.7B current US$1999: 45.5B current US$2000: 47.9B current US$2001: 48.6B current US$2002: 52.9B current US$2003: 58.1B current US$2004: 64.1B current US$2005: 64.2B current US$2006: 55.2B current US$2007: 67.0B current US$2008: 76.9B current US$2009: 88.7B current US$2010: 93.3B current US$2011: 110.2B current US$2012: 135.8B current US$2013: 159.4B current US$2014: 184.8B current US$2015: 182.5B current US$2016: 129.0B current US$2017: 135.8B current US$2018: 144.5B current US$2019: 157.1B current US$2020: 164.6B current US$

Source: World Bank. Measured in current US$.

Analysis

In 2020, foreign liabilities in Nigeria stood at 164.56 billion current US$.

Compared with earlier readings it is up 4.8% on the previous year and up 76.4% over ten years.

Over the whole period, foreign liabilities in Nigeria peaked at 184.81 billion current US$ in 2014 and was at its lowest, 44.72 billion current US$, in 1997.

That places Nigeria 55th out of 150 countries with data for 2020, putting it in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
1990s 45.37 billion current US$ 44.72 billion current US$ 47.06 billion current US$ 5
2000s 62.34 billion current US$ 47.89 billion current US$ 88.66 billion current US$ 10
2010s 143.23 billion current US$ 93.27 billion current US$ 184.81 billion current US$ 10
2020s 164.56 billion current US$ 164.56 billion current US$ 164.56 billion current US$ 1

Countries ranked near Nigeria

  1. 52 Peru 226.69 billion current US$ compare
  2. 53 Slovakia 197.54 billion current US$ compare
  3. 54 Ukraine 171.66 billion current US$ compare
  4. 56 Lebanon 162.89 billion current US$ compare
  5. 57 Pakistan 148.35 billion current US$ compare
  6. 58 Panama 144.53 billion current US$ compare

See the full ranking of 151 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is foreign liabilities in Nigeria?
Foreign liabilities in Nigeria was 164.56 billion current US$ in 2020, according to the World Bank.
What is the highest foreign liabilities recorded in Nigeria?
The highest recorded value was 184.81 billion current US$ in 2014.
What is the lowest foreign liabilities recorded in Nigeria?
The lowest recorded value was 44.72 billion current US$ in 1997.
How does Nigeria rank for foreign liabilities?
Nigeria ranks 55th out of 150 countries with data for 2020.
Is foreign liabilities rising or falling in Nigeria?
Over the last ten years it is up 76.4%. The long-run trend across the full record is volatile.
Where does this Nigeria data come from?
The figures come from the World Bank, published as part of Foreign liabilities (current US$). Statizoid updates them automatically from the source API.

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About this data

Indicator
Foreign liabilities (current US$)
Unit
current US$
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
151 places, 3,851 data points, 1995–2020
Last refreshed