External Debt in Nigeria
External debt was 17.3% of Nigeria's GDP in 2021, compared to 4.7% of GDP ten years earlier. External debt averaged 10.9% of GDP over the last decade, which was below the Sub-Saharan Africa average of 32.9%. For more external debt information, visit our dedicated page.
Nigeria External Debt Chart
Note: This chart displays External Debt (% of GDP) for Nigeria from 2017 to 2023.
Source: Macrobond.
Nigeria External Debt Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 17.1 | 20.2 | 21.8 | 21.6 | 28.2 |
| External Debt (USD bn) | 81.4 | 87.6 | 96.3 | 103.1 | 102.5 |