24Peaks / Africa / Nigeria / Private External Debt Stocks (% of GDP)

Nigeria - Private External Debt Stocks (% of GDP) 12.01

World Bank · updated 2026-10-03 · 162 economies tracked

Latest value

12.01 (2024)

Global rank

##59 of 162 economies

Share of global total

0.1%

Growth since 1990

22.66×

Ranking Race — Private External Debt Stocks (% of GDP)

1 = global #1 · lower value ranks higher

#1#10#19#28#37#46#5519901995200020052010201520202025#22#592018 overtook Bahamas, The2021 overtook Honduras
NigeriaNaoeroAlgeriaDjiboutiKenya

Real annual global ranks, 1990 - 2025. Nigeria climbed from #22 to #59 (overtook Bahamas, The). Gaps in a lane = missing data that year.

Key events for Nigeria ↓

Key Events — Nigeria

Auto-detected from rank data + curated milestones

2000
Fell 16 places in global rank auto
2016
Oil price recession curated

First recession in 25 years as crude prices collapse.

2018
Overtook Bahamas, The in global rank auto
2020
COVID-19 oil shock curated

Dual pandemic and oil shock push GDP down.

2021
Overtook Honduras in global rank auto
2023
Fuel subsidy removal curated

Petrol subsidy cut and currency reforms spark inflation.

2024
Fell 16 places in global rank auto

Private External Debt Stocks (% of GDP), 1990-2024

World Bank · % of GDP · linear scale · ranking in the race above
199020002010202020240.124.088.0512.01

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