NATIONAL PUBLIC DEBT Nigeria 2023

Public debt in Nigeria goes down

In 2023 Nigeria public debt was 156,098 million euros168,832 million dollars, has decreased 23,38920,325 million since 2022.

This amount means that the debt in 2023 reached 46.41% of Nigeria GDP, a 6.71 percentage point rise from 2022, when it was 39.7% of GDP.

If we check the tables we can see the evolution of Nigeria debt. It has risen since 2013 in global debt terms, when it was 70,914 million euros 94,184 million dollars and also in terms of GDP percentage, when it amounted to 18.29%.

According to the last data point published, Nigeria per capita debt in 2023 was 685 euros741 dollars per inhabitant. In 2022 it was 804 euros 848 dollars, afterwards dropping by 119 euros 107dollars, and if we again check 2013 we can see that then the debt per person was 392 euros520 dollars .

The position of Nigeria, as compared with the rest of the world, has worsened in 2023 in terms of GDP percentage. Currently it is country number 73 in the list of debt to GDP and 38 in debt per capita, out of the 191 we publish.

In this page we show you the progression of the public debt in Nigeria. You can see debt in other countries in Public debt and see all the information about Nigeria in economy of Nigeria.

Nigeria: Evolution of debt
DateDebt (M.€.)Debt ($M)Debt (%GDP)Debt Per CapitaDebt Per Capita
2023156,098168,83246.41%€685$741
2022179,487189,15739.70%€804$848
2021133,101157,52835.67%€609$721
2020130,753149,22634.49%€611$697
2019123,628138,41329.17%€590$661
201898,838116,77627.69%€482$570
201780,71691,15124.26%€403$455
201685,60494,72923.41%€438$485
201590,215100,10420.33%€473$525
201475,04299,71917.54%€404$536
201370,91494,18418.29%€392$520
201263,02281,02117.58%€377$484
201151,86472,18017.43%€319$443
201026,12834,6669.39%€165$219
200918,39725,6338.62%€119$166
200816,34024,0307.28%€109$160
200715,52721,2828.12%€106$145
200616,68620,9529.40%€117$147
200525,81332,13118.94%€186$231
200437,20446,25735.49%€275$342
200338,30743,32042.09%€290$328
200243,03340,66243.27%€335$316
200143,35338,82853.10%€346$310
200042,27939,06757.60%€346$319
199934,98637,32464.94%€293$313
199846,68522.27%$401
199745,34424.14%$400
199643,52825.21%$393
199545,01034.04%$417
199444,78955.90%$425
199340,34771.02%$393
199236,67970.16%$366
199145,07574.96%$462
199044,56171.68%$468
Nigeria: Evolution of debt as a percentage of GDP

Nigeria: Evolution of debt in millions