Nigeria - Total External Debt Stocks (% of GDP)

Nigeria - Total External Debt Stocks (% of GDP) 43.14

World Bank · updated 2026-10-03 · 175 economies tracked

43.14 (2024)

##71 of 175 economies

0.2%

0.95×

1 = global #1 · lower value ranks higher

NigeriaAlgeriaNaoeroRussian FederationChina

Real annual global ranks, 1990 - 2025. Nigeria climbed from #45 to #71 (overtook Botswana). Gaps in a lane = missing data that year.

Auto-detected from rank data + curated milestones

1995

Climbed 16 places in global rank auto

1999

Fell 28 places in global rank auto

2009

Overtook Botswana in global rank auto

2010

Overtook Algeria in global rank auto

2016

Oil price recession curated

First recession in 25 years as crude prices collapse.

2020

COVID-19 oil shock curated

Dual pandemic and oil shock push GDP down.

2023

Fuel subsidy removal curated

Petrol subsidy cut and currency reforms spark inflation.

2024

Fell 50 places in global rank auto

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

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