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 150 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
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$, in 2020.
Nigeria ranks 56th of 150 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Foreign liabilities in Nigeria, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 748.30 billion real chained 2019 US$ | — |
| 1996 | 551.37 billion real chained 2019 US$ | -26.3% |
| 1997 | 506.83 billion real chained 2019 US$ | -8.1% |
| 1998 | 460.83 billion real chained 2019 US$ | -9.1% |
| 1999 | 439.78 billion real chained 2019 US$ | -4.6% |
| 2000 | 432.79 billion real chained 2019 US$ | -1.6% |
| 2001 | 369.86 billion real chained 2019 US$ | -14.5% |
| 2002 | 355.98 billion real chained 2019 US$ | -3.8% |
| 2003 | 342.93 billion real chained 2019 US$ | -3.7% |
| 2004 | 329.04 billion real chained 2019 US$ | -4.1% |
| 2005 | 279.85 billion real chained 2019 US$ | -14.9% |
| 2006 | 222.27 billion real chained 2019 US$ | -20.6% |
| 2007 | 255.86 billion real chained 2019 US$ | +15.1% |
| 2008 | 263.15 billion real chained 2019 US$ | +2.8% |
| 2009 | 269.70 billion real chained 2019 US$ | +2.5% |
| 2010 | 249.50 billion real chained 2019 US$ | -7.5% |
| 2011 | 265.92 billion real chained 2019 US$ | +6.6% |
| 2012 | 292.01 billion real chained 2019 US$ | +9.8% |
| 2013 | 316.04 billion real chained 2019 US$ | +8.2% |
| 2014 | 339.09 billion real chained 2019 US$ | +7.3% |
| 2015 | 307.21 billion real chained 2019 US$ | -9.4% |
| 2016 | 187.70 billion real chained 2019 US$ | -38.9% |
| 2017 | 169.55 billion real chained 2019 US$ | -9.7% |
| 2018 | 160.94 billion real chained 2019 US$ | -5.1% |
| 2019 | 157.07 billion real chained 2019 US$ | -2.4% |
| 2020 | 144.87 billion real chained 2019 US$ | -7.8% |
Nigeria compared with similar countries
- Nigeria's 144.87 billion real chained 2019 US$ is above the median for lower middle income countries, which is 24.21 billion real chained 2019 US$, 6.0× the median. (38 countries reporting)
- Nigeria's 144.87 billion real chained 2019 US$ is above the median for Sub-Saharan Africa, which is 16.52 billion real chained 2019 US$, 8.8× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 541.42 billion real chained 2019 US$ | 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
- 53 Slovakia 193.79 billion real chained 2019 US$ compare
- 54 Ukraine 167.10 billion real chained 2019 US$ compare
- 55 Panama 146.81 billion real chained 2019 US$ compare
- 57 Morocco 138.81 billion real chained 2019 US$ compare
- 58 Pakistan 135.18 billion real chained 2019 US$ compare
- 59 Oman 120.26 billion real chained 2019 US$ compare
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 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 150 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.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).