Total debt service in Nigeria
Nigeria: Total debt service was 2.6% in 2023. ◆ Volatile
Total debt service in Nigeria, 2008–2023
Source: UNESCO Institute for Statistics. Measured in % of GNI.
Analysis
The most recent figure for total debt service in Nigeria is 2.6%, measured in 2023. That is the highest value across all 16 years on record.
The figure is up 51.8% on the previous year and up 1,128.3% over ten years.
Over the whole period, total debt service in Nigeria peaked at 2.6% in 2023 and was at its lowest, 0.2%, in 2010.
That places Nigeria 83rd out of 119 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Nigeria, year by year
| Year | % of GNI | Change |
|---|---|---|
| 2008 | 0.2% | — |
| 2009 | 0.2% | -6.8% |
| 2010 | 0.2% | -25.3% |
| 2011 | 0.2% | +3.5% |
| 2012 | 0.2% | +7.4% |
| 2013 | 0.2% | +10.6% |
| 2014 | 0.4% | +100.8% |
| 2015 | 0.5% | +16.8% |
| 2016 | 1.3% | +156.3% |
| 2017 | 1.1% | -17.4% |
| 2018 | 1.4% | +33.1% |
| 2019 | 1.4% | +2.2% |
| 2020 | 1.3% | -9.9% |
| 2021 | 1.9% | +44.2% |
| 2022 | 1.7% | -7.9% |
| 2023 | 2.6% | +51.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2% | 0.2% | 0.2% | 2 |
| 2010s | 0.7% | 0.2% | 1.4% | 10 |
| 2020s | 1.9% | 1.3% | 2.6% | 4 |
Countries ranked near Nigeria
- 80 Guyana 2.7% compare
- 81 Philippines 2.7% compare
- 82 Azerbaijan 2.7% compare
- 84 Djibouti 2.5% compare
- 85 Sierra Leone 2.4% compare
- 86 Gambia 2.3% compare
More population data for Nigeria
- Urban and rural population 2050, annual growth rate -3.23 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.0306 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.1509 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 377,460 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 2.22 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.5063 % change on previous year (2100)
- Population growth rate 0.023 (2100)
- Population density 523.46 (2100)
- Projected population under age 5 32.05 million (2100)
- Population growth rate by level of development 0.023 (2100)
Frequently asked questions
- What is total debt service in Nigeria?
- Total debt service in Nigeria was 2.6% in 2023, according to UNESCO Institute for Statistics.
- What is the highest total debt service recorded in Nigeria?
- The highest recorded value was 2.6% in 2023.
- What is the lowest total debt service recorded in Nigeria?
- The lowest recorded value was 0.2% in 2010.
- How does Nigeria rank for total debt service?
- Nigeria ranks 83rd out of 119 countries with data for 2023.
- Is total debt service rising or falling in Nigeria?
- Over the last ten years it is up 1,128.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from UNESCO Institute for Statistics, published as part of Total debt service (% of GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release