Foreign liabilities in Nigeria

Nigeria: Foreign liabilities was 144.87 billion real chained 2019 US$ in 2020. ▼ Falling

Latest (2020)
144.87 billion real chained 2019 US$
Change on year
down 7.8%
World rank
56th
of 149 countries
All-time high
748.30 billion real chained 2019 US$
in 1995
All-time low
144.87 billion real chained 2019 US$
in 2020
Years of data
26
1995–2020

Foreign liabilities in Nigeria, 1995–2020

200.0B400.0B600.0B800.0B1995200720201995: 748.3B real chained 2019 US$1996: 551.4B real chained 2019 US$1997: 506.8B real chained 2019 US$1998: 460.8B real chained 2019 US$1999: 439.8B real chained 2019 US$2000: 432.8B real chained 2019 US$2001: 369.9B real chained 2019 US$2002: 356.0B real chained 2019 US$2003: 342.9B real chained 2019 US$2004: 329.0B real chained 2019 US$2005: 279.9B real chained 2019 US$2006: 222.3B real chained 2019 US$2007: 255.9B real chained 2019 US$2008: 263.1B real chained 2019 US$2009: 269.7B real chained 2019 US$2010: 249.5B real chained 2019 US$2011: 265.9B real chained 2019 US$2012: 292.0B real chained 2019 US$2013: 316.0B real chained 2019 US$2014: 339.1B real chained 2019 US$2015: 307.2B real chained 2019 US$2016: 187.7B real chained 2019 US$2017: 169.6B real chained 2019 US$2018: 160.9B real chained 2019 US$2019: 157.1B real chained 2019 US$2020: 144.9B real chained 2019 US$

Source: World Bank. Measured in real chained 2019 US$.

Analysis

The most recent figure for foreign liabilities in Nigeria is 144.87 billion real chained 2019 US$, measured in 2020. That is the lowest value across all 26 years on record.

The figure is down 7.8% on the previous year and down 41.9% over ten years.

Over the whole period, foreign liabilities in Nigeria peaked at 748.30 billion real chained 2019 US$ in 1995 and was at its lowest, 144.87 billion real chained 2019 US$, in 2020.

Nigeria ranks 56th of 149 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 541.42 billion real chained 2019 US$ 439.78 billion real chained 2019 US$ 748.30 billion real chained 2019 US$ 5
2000s 312.14 billion real chained 2019 US$ 222.27 billion real chained 2019 US$ 432.79 billion real chained 2019 US$ 10
2010s 244.50 billion real chained 2019 US$ 157.07 billion real chained 2019 US$ 339.09 billion real chained 2019 US$ 10
2020s 144.87 billion real chained 2019 US$ 144.87 billion real chained 2019 US$ 144.87 billion real chained 2019 US$ 1

Countries ranked near Nigeria

  1. 53 Slovakia 193.79 billion real chained 2019 US$ compare
  2. 54 Ukraine 167.10 billion real chained 2019 US$ compare
  3. 55 Panama 146.81 billion real chained 2019 US$ compare
  4. 57 Morocco 138.81 billion real chained 2019 US$ compare
  5. 58 Pakistan 135.18 billion real chained 2019 US$ compare
  6. 59 Oman 120.26 billion real chained 2019 US$ compare

See the full ranking of 150 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 144.87 billion real chained 2019 US$ in 2020, according to the World Bank.
What is the highest foreign liabilities recorded in Nigeria?
The highest recorded value was 748.30 billion real chained 2019 US$ in 1995.
What is the lowest foreign liabilities recorded in Nigeria?
The lowest recorded value was 144.87 billion real chained 2019 US$ in 2020.
How does Nigeria rank for foreign liabilities?
Nigeria ranks 56th out of 149 countries with data for 2020.
Is foreign liabilities rising or falling in Nigeria?
Over the last ten years it is down 41.9%. The long-run trend across the full record is falling.
Where does this Nigeria data come from?
The figures come from the World Bank, published as part of Foreign liabilities (real chained 2019 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).

About this data

Indicator
Foreign liabilities (real chained 2019 US$)
Unit
real chained 2019 US$
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
150 places, 3,820 data points, 1995–2020
Last refreshed