External Debt in Nigeria increased to 31477.14 USD Million in the second quarter of 2020 from 27665.66 USD Million in the first quarter of 2020. source: Central Bank of Nigeria (CBN)

External Debt in Nigeria averaged 16542.49 USD Million from 2000 until 2020, reaching an all time high of 37267.68 USD Million in the third quarter of 2004 and a record low of 3287.73 USD Million in the first quarter of 2007. This page provides - Nigeria External Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Public External Debt - values, historical data and charts - was last updated on November of 2020.

External Debt in Nigeria is expected to be 28800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate External Debt in Nigeria to stand at 34000.00 in 12 months time. In the long-term, the Nigeria Public External Debt is projected to trend around 34700.00 USD Million in 2021 and 36400.00 USD Million in 2022, according to our econometric models.

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Nigeria Public External Debt

Actual Previous Highest Lowest Dates Unit Frequency
31477.14 27665.66 37267.68 3287.73 2000 - 2020 USD Million Quarterly
NSA

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade -807170.40 -574966.09 2177553.08 -975441.14 NGN Millions [+]
Current Account -3232.28 -4881.73 10383.67 -6953.30 USD Million [+]
Current Account to GDP -3.60 0.90 32.80 -18.70 percent [+]
Imports 1590021.69 1325501.38 2518686.57 167.88 NGN Millions [+]
Exports 782851.28 750535.29 2648881.76 322.93 NGN Millions [+]
Terms of Trade 103.19 103.48 160.25 49.48 points [+]
Foreign Direct Investment 427.76 495.42 3084.90 63.50 USD Million [+]
Capital Flows 4146.35 -6300.42 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.46 21.50 21.50 21.37 Tonnes [+]
Crude Oil Production 1310.00 1368.00 2475.00 675.00 BBL/D/1K [+]
Remittances 3373.09 5629.04 6270.24 3373.09 USD Million [+]
Non Oil Exports 159580.04 235709.85 1450442.90 29675.90 NGN Million [+]
Oil Exports 623271.24 514825.44 2033861.20 46192.00 NGN Million [+]
Terrorism Index 8.60 8.66 9.31 3.86 [+]
External Debt 31477.14 27665.66 37267.68 3287.73 USD Million [+]