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 151 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
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$, in 1997.
That places Nigeria 55th out of 151 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign liabilities in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 47.06 billion current US$ | — |
| 1996 | 44.83 billion current US$ | -4.8% |
| 1997 | 44.72 billion current US$ | -0.2% |
| 1998 | 44.73 billion current US$ | +0.0% |
| 1999 | 45.51 billion current US$ | +1.7% |
| 2000 | 47.89 billion current US$ | +5.2% |
| 2001 | 48.65 billion current US$ | +1.6% |
| 2002 | 52.85 billion current US$ | +8.6% |
| 2003 | 58.06 billion current US$ | +9.8% |
| 2004 | 64.06 billion current US$ | +10.3% |
| 2005 | 64.22 billion current US$ | +0.2% |
| 2006 | 55.20 billion current US$ | -14.0% |
| 2007 | 66.97 billion current US$ | +21.3% |
| 2008 | 76.85 billion current US$ | +14.8% |
| 2009 | 88.66 billion current US$ | +15.4% |
| 2010 | 93.27 billion current US$ | +5.2% |
| 2011 | 110.18 billion current US$ | +18.1% |
| 2012 | 135.77 billion current US$ | +23.2% |
| 2013 | 159.40 billion current US$ | +17.4% |
| 2014 | 184.81 billion current US$ | +15.9% |
| 2015 | 182.53 billion current US$ | -1.2% |
| 2016 | 129.00 billion current US$ | -29.3% |
| 2017 | 135.78 billion current US$ | +5.3% |
| 2018 | 144.47 billion current US$ | +6.4% |
| 2019 | 157.07 billion current US$ | +8.7% |
| 2020 | 164.56 billion current US$ | +4.8% |
Nigeria compared with similar countries
- Nigeria's 164.56 billion current US$ is above the median for lower middle income countries, which is 24.57 billion current US$, 6.7× the median. (39 countries reporting)
- Nigeria's 164.56 billion current US$ is above the median for Sub-Saharan Africa, which is 15.30 billion current US$, 10.8× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 45.37 billion current US$ | 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
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
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 151 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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CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).