External Debt / Nigeria
Nigeria External Debt
Nigeria external debt data with historical trend, latest available year, ranking, source notes and country comparison. Latest value: 60.04%.
COUNTRY: Nigeria
UNIT: percent of GDP
SOURCE: World Bank / public data sources
UPDATED: 2026-06-13 04:01:56
GM ECONOMY RATING
Nigeria · Economic Stability Rating
Composite rating based on inflation, growth, debt, unemployment and current account.
BBB
74 / 100
Good stability
Fiscal stability
n/a
Macroeconomic stability
14.1 / 20
External stability
13.0 / 15
Financial robustness
11.0 / 15
Structural stability
10.0 / 15
Future capacity
n/a
Demographic capacity
3.5 / 5
Method: GM Economy multi-pillar stability model with structural and financial robustness adjustment. Coverage: 67% of weighted inputs available.
Time range:
Selected year: · Value:
Nigeria · external debt data as percent of GDP.
Latest
60.04%
Previous
29.04%
Range avg.
22.65%
Rank
6
Countries by external debt
full rankingGM ECONOMY
Data Navigator
Countries, indicators and comparisons
CountryNigeria
IndicatorExternal Debt
60.04%2024 · Rank 6
Chart range
All indicators
Prices & Inflation3
Growth & Output9
Public Finance8
Labor Market6
External Sector5
Monetary & Financial7
Population & Society7
Energy & Environment2
Interpretation
Nigeria recorded 60.04% for External Debt in 2024, the latest available observation in this dataset.
Compared with 2023, the indicator increased by 31.01 percentage points, from 29.04% to 60.04%.
The latest observation is above the average of the last 10 available observations (22.65%).
Across the five latest available observations (2020–2024), the pattern is predominantly upward.
Within the last 10 available observations, the low was 9.37% in 2015 and the high was 60.04% in 2024.
Comparison
Related indicators
Current Account BalanceBN.CAB.XOKA.GD.ZS
FDI InflowsBX.KLT.DINV.WD.GD.ZS
Foreign ReservesFI.RES.TOTL.CD
Personal RemittancesBX.TRF.PWKR.DT.GD.ZS