Nigeria - External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$)
The latest value for External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) in Nigeria was $29,749,760,000 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $32,550,280,000 in 2004 and $452,077,700 in 1970.
Definition: Public and publicly guaranteed debt comprises long-term external obligations of public debtors, including the national government, Public Corporations, State Owned Enterprises, Development Banks and Other Mixed Enterprises, political subdivisions (or an agency of either), autonomous public bodies, and external obligations of private debtors that are guaranteed for repayment by a public entity. Data are in current U.S. dollars.
Source: World Bank, International Debt Statistics.
See also:
| Year | Value |
|---|---|
| 1970 | $452,077,700 |
| 1971 | $543,111,100 |
| 1972 | $646,812,500 |
| 1973 | $1,116,810,000 |
| 1974 | $1,180,893,000 |
| 1975 | $1,052,430,000 |
| 1976 | $803,231,900 |
| 1977 | $855,287,000 |
| 1978 | $2,308,698,000 |
| 1979 | $3,252,582,000 |
| 1980 | $4,288,141,000 |
| 1981 | $5,671,269,000 |
| 1982 | $8,144,631,000 |
| 1983 | $11,218,090,000 |
| 1984 | $10,638,890,000 |
| 1985 | $12,244,910,000 |
| 1986 | $17,934,180,000 |
| 1987 | $26,904,740,000 |
| 1988 | $27,539,540,000 |
| 1989 | $29,251,220,000 |
| 1990 | $31,544,600,000 |
| 1991 | $32,324,970,000 |
| 1992 | $26,477,790,000 |
| 1993 | $26,420,640,000 |
| 1994 | $27,954,510,000 |
| 1995 | $28,141,930,000 |
| 1996 | $25,438,640,000 |
| 1997 | $22,643,910,000 |
| 1998 | $23,464,260,000 |
| 1999 | $22,382,480,000 |
| 2000 | $30,042,090,000 |
| 2001 | $29,238,350,000 |
| 2002 | $28,080,400,000 |
| 2003 | $31,295,130,000 |
| 2004 | $32,550,280,000 |
| 2005 | $20,248,210,000 |
| 2006 | $3,828,991,000 |
| 2007 | $3,614,472,000 |
| 2008 | $3,901,854,000 |
| 2009 | $4,221,325,000 |
| 2010 | $4,685,520,000 |
| 2011 | $5,935,944,000 |
| 2012 | $6,679,329,000 |
| 2013 | $8,285,020,000 |
| 2014 | $9,666,156,000 |
| 2015 | $10,677,040,000 |
| 2016 | $11,319,710,000 |
| 2017 | $18,829,930,000 |
| 2018 | $25,250,420,000 |
| 2019 | $27,571,970,000 |
| 2020 | $29,749,760,000 |
Development Relevance: External indebtedness affects a country's creditworthiness and investor perceptions. Nonreporting countries might have outstanding debt with the World Bank, other international financial institutions, or private creditors. Total debt service is contrasted with countries' ability to obtain foreign exchange through exports of goods, services, primary income, and workers' remittances. Debt ratios are used to assess the sustainability of a country's debt service obligations, but no absolute rules determine what values are too high. Empirical analysis of developing countries' experience and debt service performance shows that debt service difficulties become increasingly likely when the present value of debt reaches 200 percent of exports. Still, what constitutes a sustainable debt burden varies by country. Countries with fast-growing economies and exports are likely to be able to sustain higher debt levels.
Statistical Concept and Methodology: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements. Debt data are reported in the currency of repayment and compiled and published in U.S. dollars. End-of-period exchange rates are used for the compilation of stock figures (amount of debt outstanding), and projected debt service and annual average exchange rates are used for the flows. Exchange rates are taken from the IMF's International Financial Statistics. Debt repayable in multiple currencies, goods, or services and debt with a provision for maintenance of the value of the currency of repayment are shown at book value.
Aggregation method: Sum
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: External debt
