Nigeria External Debt

2006 - 2024 | Quarterly | USD mn | CEIC Data

Key information about Nigeria External Debt

  • Nigeria External Debt reached 42.9 USD bn in Jun 2024, compared with 42.1 USD bn in the previous quarter.
  • Nigeria External Debt: USD mn data is updated quarterly, available from Dec 2006 to Jun 2024.
  • The data reached an all-time high of 43.2 USD bn in Jun 2023 and a record low of 3.3 USD bn in Mar 2007.

Debt Management Office Nigeria provides quarterly External Debt in USD. External Debt covers General Government Debt only.


Related information about Nigeria External Debt
  • In the latest reports of Nigeria, Current Account recorded a surplus of 5.1 USD bn in Jun 2024.
  • Foreign Direct Investment (FDI) increased by 1.2 USD bn in Mar 2023.
  • Nigeria Direct Investment Abroad fell by 831.3 USD mn in Jun 2024.
  • Its Foreign Portfolio Investment increased by 4.4 USD bn in Jun 2024.
  • The country's Nominal GDP was reported at 111.3 USD bn in Mar 2023.

View Nigeria's External Debt from Dec 2006 to Jun 2024 in the chart:

Nigeria External Debt

What was Nigeria's External Debt in Jun 2024?

Nigeria External Debt reached 42.9 USD bn in Jun 2024, compared with 42.1 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
42,901.0 Jun 2024 42,115.5 Mar 2024 3,287.7 Mar 2007 43,159.2 Jun 2023 USD mn quarterly Dec 2006 - Jun 2024

External Debt by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 10,830.0 Jun 2024 quarterly Dec 2003 - Jun 2024
Algeria (USD mn) 3,838.0 Dec 2019 quarterly Mar 2007 - Dec 2019
Argentina (USD mn) 286,881.1 Jun 2024 quarterly Mar 2006 - Jun 2024
Armenia (USD mn) 6,297.3 Nov 2024 monthly Dec 2012 - Nov 2024
Australia (USD mn) 1,950,539.1 Sep 2024 quarterly Sep 1988 - Sep 2024
Austria (USD mn) 716,544.5 Jun 2024 quarterly Mar 1997 - Jun 2024
Azerbaijan (USD mn) 8,135.7 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (USD mn) 103,788.9 Jun 2024 quarterly Sep 2011 - Jun 2024
Belarus (USD mn) 36,376.8 Mar 2024 quarterly Dec 1995 - Mar 2024
Belgium (USD mn) 1,567,110.3 Jun 2024 quarterly Mar 2007 - Jun 2024
Bolivia (USD mn) 15,381.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Bosnia and Herzegovina (USD mn) 4,956.2 Sep 2024 quarterly Mar 2000 - Sep 2024
Botswana (USD mn) 1,431.8 2023 yearly 1994 - 2023
Brazil (USD mn) 575,357.5 Dec 2022 quarterly Dec 1999 - Dec 2022
Bulgaria (USD mn) 53,590.1 Sep 2024 monthly Jan 1999 - Sep 2024
Cambodia (USD mn) 20,938.4 Jun 2024 quarterly Mar 2010 - Jun 2024
Canada (USD mn) 3,122,472.2 Jun 2024 quarterly Mar 1990 - Jun 2024
Chile (USD mn) 254,443.0 Sep 2024 monthly Dec 1995 - Sep 2024
China (USD mn) 2,545,309.4 Jun 2024 quarterly Jun 2003 - Jun 2024
Colombia (USD mn) 195,276.3 Aug 2024 monthly Jan 2001 - Aug 2024
Croatia (USD mn) 52,854.6 Dec 2022 monthly Dec 1998 - Dec 2022
Cyprus (USD mn) 280,733.8 Jun 2024 quarterly Mar 2008 - Jun 2024
Czech Republic (USD mn) 209,145.5 Jun 2024 quarterly Dec 1993 - Jun 2024
Denmark (USD mn) 564,045.8 Jun 2024 quarterly Dec 2005 - Jun 2024
Ecuador (USD mn) 59,250.8 Oct 2024 monthly Jan 1994 - Oct 2024
Egypt (USD mn) 152,885.2 Jun 2024 quarterly Jun 1997 - Jun 2024
Estonia (USD mn) 39,224.5 Jun 2024 quarterly Mar 1996 - Jun 2024
European Union (USD mn) 17,775,668.8 Jun 2024 quarterly Mar 2008 - Jun 2024
Finland (USD mn) 641,656.4 Jun 2024 quarterly Mar 1991 - Jun 2024
France (USD mn) 7,665,991.3 Jun 2024 quarterly Jun 2004 - Jun 2024
Georgia (USD mn) 24,572.3 Jun 2024 quarterly Dec 1999 - Jun 2024
Germany (USD mn) 6,727,090.7 Jun 2024 quarterly Jun 1999 - Jun 2024
Ghana (USD mn) 27,908.7 Oct 2024 monthly Jan 2012 - Oct 2024
Greece (USD mn) 593,149.0 Jun 2024 quarterly Dec 2003 - Jun 2024
Hong Kong SAR, China (USD mn) 1,886,173.7 Jun 2024 quarterly Mar 2001 - Jun 2024
Hungary (USD mn) 336,175.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Iceland (USD mn) 25,291.2 Sep 2024 quarterly Dec 1989 - Sep 2024
India (USD mn) 682,267.6 Jun 2024 quarterly Sep 1999 - Jun 2024
Indonesia (USD mn) 427,778.2 Sep 2024 monthly Jan 2008 - Sep 2024
Iran (USD mn) 6,281.7 2023 yearly 1994 - 2023
Ireland (USD mn) 3,305,676.1 Sep 2024 quarterly Dec 2002 - Sep 2024
Israel (USD mn) 140,808.4 Jun 2024 quarterly Mar 2011 - Jun 2024
Italy (USD mn) 2,769,586.1 Jun 2024 quarterly Dec 2002 - Jun 2024
Ivory Coast (USD mn) 31,960.0 2022 yearly 1970 - 2022
Japan (USD mn) 4,198,303.2 Jun 2024 quarterly Mar 2003 - Jun 2024
Jordan (USD mn) 42,279.3 Jun 2024 quarterly Dec 2006 - Jun 2024
Kazakhstan (USD mn) 166,573.9 Jun 2024 quarterly Dec 2000 - Jun 2024
Kenya (USD mn) 39,766.5 Jun 2024 monthly Sep 1999 - Jun 2024
South Korea (USD mn) 702,682.9 Sep 2024 quarterly Dec 1994 - Sep 2024
Kosovo (USD mn) 4,263.4 Jun 2024 quarterly Dec 2011 - Jun 2024
Kuwait (USD mn) 65,430.7 Mar 2024 quarterly Mar 2018 - Mar 2024
Kyrgyzstan (USD mn) 11,138.3 Jun 2024 quarterly Dec 2005 - Jun 2024
Laos (USD mn) 10,253.1 2023 yearly 1996 - 2023
Latvia (USD mn) 44,067.2 Mar 2024 quarterly Mar 2000 - Mar 2024
Lebanon (USD mn) 34,629.0 Mar 2024 quarterly Dec 2007 - Mar 2024
Lithuania (USD mn) 58,101.7 Jun 2024 quarterly Dec 1996 - Jun 2024
Luxembourg (USD mn) 3,718,238.8 Jun 2024 quarterly Dec 2002 - Jun 2024
North Macedonia (USD mn) 12,712.2 Jun 2024 quarterly Dec 2005 - Jun 2024
Malawi (MWK mn) 2,812,733.5 2021 yearly 1984 - 2021
Malaysia (USD mn) 306,319.8 Sep 2024 quarterly Mar 2009 - Sep 2024
Malta (USD mn) 197,837.5 Jun 2024 quarterly Mar 2004 - Jun 2024
Mauritius (USD mn) 196,972.0 Mar 2024 quarterly Dec 2009 - Mar 2024
Mexico (USD mn) 447,827.9 Dec 2021 quarterly Mar 2002 - Dec 2021
Moldova (USD mn) 9,741.0 Jun 2024 quarterly Mar 2009 - Jun 2024
Mongolia (USD mn) 34,867.3 Jun 2024 quarterly Mar 2000 - Jun 2024
Montenegro (USD mn) 8,815.2 2022 yearly 2006 - 2022
Morocco (USD mn) 64,781.6 Dec 2022 quarterly Dec 2006 - Dec 2022
Mozambique (USD mn) 10,292.0 2023 yearly 1985 - 2023
Myanmar (USD mn) 12,537.5 2022 yearly 1970 - 2022
Nepal (USD mn) 9,906.6 Mar 2024 quarterly Mar 2012 - Mar 2024
Netherlands (USD mn) 4,143,986.3 Jun 2024 quarterly Jun 2003 - Jun 2024
New Zealand (USD mn) 226,907.8 Jun 2024 quarterly Mar 1993 - Jun 2024
Nigeria (USD mn) 42,901.0 Jun 2024 quarterly Dec 2006 - Jun 2024
Norway (USD mn) 743,199.9 Sep 2024 quarterly Mar 2003 - Sep 2024
Pakistan (USD mn) 133,455.2 Sep 2024 quarterly Jun 2006 - Sep 2024
Palestinian Territory (USD mn) 1,535.0 Dec 2018 monthly Dec 2012 - Dec 2018
Panama (USD mn) 44,085.7 Oct 2024 monthly Jul 2004 - Oct 2024
Paraguay (USD mn) 21,762.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Peru (USD mn) 102,172.1 Dec 2022 quarterly Mar 2012 - Dec 2022
Philippines (USD mn) 130,182.1 Jun 2024 quarterly Mar 2005 - Jun 2024
Poland (USD mn) 434,774.0 Jun 2024 quarterly Mar 1999 - Jun 2024
Portugal (USD mn) 439,507.7 Mar 2024 quarterly Mar 1996 - Mar 2024
Qatar (USD mn) 194,500.0 2018 yearly 2000 - 2018
Romania (USD mn) 169,046.9 Apr 2023 monthly Dec 2004 - Apr 2023
Russia (USD mn) 293,403.0 Sep 2024 quarterly Dec 2000 - Sep 2024
Serbia (USD mn) 51,506.8 Jun 2024 quarterly Mar 2003 - Jun 2024
Singapore (USD mn) 2,011,208.2 Jun 2024 quarterly Jun 2003 - Jun 2024
Slovakia (USD mn) 133,686.3 Jun 2024 quarterly Mar 1993 - Jun 2024
Slovenia (USD mn) 60,664.8 Apr 2023 monthly Jan 2001 - Apr 2023
South Africa (USD mn) 163,852.0 Jun 2024 quarterly Dec 1985 - Jun 2024
Spain (USD mn) 2,688,756.6 Jun 2024 quarterly Mar 1993 - Jun 2024
Sri Lanka (USD mn) 55,912.8 Jun 2024 quarterly Dec 2012 - Jun 2024
Sudan (USD mn) 62,400.0 2021 yearly 2001 - 2021
Sweden (USD mn) 1,118,518.7 Sep 2024 quarterly Mar 1999 - Sep 2024
Switzerland (USD mn) 2,205,189.1 Jun 2024 quarterly Dec 1999 - Jun 2024
Taiwan (USD mn) 212,533.0 Sep 2024 quarterly Jun 1999 - Sep 2024
Tajikistan (USD mn) 6,251.2 Jun 2024 quarterly Jun 2015 - Jun 2024
Thailand (USD mn) 185,494.3 Jun 2024 quarterly Mar 1999 - Jun 2024
Tunisia (USD mn) 40,916.2 Jun 2024 quarterly Dec 2009 - Jun 2024
Turkey (USD mn) 511,974.9 Jun 2024 quarterly Dec 1989 - Jun 2024

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Consolidated Fiscal Balance (USD mn) -3,274.101 Jun 2024 quarterly Mar 2005 - Jun 2024
National Government Debt (USD mn) 88,444.7 Jun 2024 quarterly Dec 2006 - Jun 2024
Government Debt: % of GDP (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Balance (NGN bn) -4,533.420 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Capital (NGN bn) 250.290 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue (NGN bn) 6,285.040 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Recurrent (NGN bn) 6,152.970 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,733.500 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Revenue (NGN bn) 2,305.540 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure (NGN bn) 6,838.960 Jun 2024 quarterly Mar 2005 - Jun 2024
Government Debt: Domestic (NGN bn) 66,957.878 Jun 2024 quarterly Dec 2005 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024
Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024
Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024
Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Growth Rate: MoM (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 10.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 42,901.0 Jun 2024 quarterly Dec 2006 - Jun 2024
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 42,901.010 Jun 2024 quarterly Dec 2006 - Jun 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Jun 2024 quarterly Mar 2011 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 21,896.535 Aug 2024 monthly Nov 1992 - Aug 2024
Money Supply M2 (USD mn) 67,150.889 Aug 2024 monthly Nov 1992 - Aug 2024
M2 Growth (%) 63.3 Aug 2024 monthly Nov 1993 - Aug 2024
Reserve Requirement Ratio (%) 50.0 Nov 2024 monthly Nov 2005 - Nov 2024
Foreign Exchange Reserves (USD mn) 34,762.2 Jun 2024 monthly Jan 1960 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 10.7 Aug 2024 monthly Jan 2003 - Aug 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 73,616.6 Sep 2024 monthly Nov 1992 - Sep 2024
Domestic Credit Growth (%) 33.3 Aug 2024 monthly Nov 1993 - Aug 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 26,891,229.280 Aug 2024 monthly Jan 1993 - Aug 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 34,949,935.480 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,232,284.010 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2 (NGN mn) 107,182,219.490 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 12.8 Oct 2024 monthly Jul 2015 - Oct 2024

More Indicators for Nigeria

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data