Nigeria: Short-term debt to reserves
* indicates monthly or quarterly data series
| Nigeria |
Short-term external debt, percent of international reserves |
|---|---|
| Latest value | 59.12 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1990 - 2023 |
| Average | 66.93 |
| Min - Max | 11.09 - 330.65 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2023 is 59.12 percent, a decline from 60.41 percent in 2022. In comparison, the world average is 564.82 percent, based on data from 143 countries. Historically, the average for Nigeria from 1990 to 2023 is 66.93 percent. The minimum value, 11.09 percent, was reached in 2000 while the maximum of 330.65 percent was recorded in 1995.
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* indicates monthly or quarterly data series
| Recent values | Nigeria: Short-term debt to reserves |
|---|---|
| 2023 | 59.12 |
| 2022 | 60.41 |
| 2021 | 45.89 |
| 2020 | 50.16 |
| 2019 | 54.41 |
| 2018 | 32.21 |
| 2017 | 43.14 |
| 2016 | 23.30 |
Definition: Debt of public and private domestic borrowers to non-residents with maturity of twelve months of less as percent of total foreign exchange reserves. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 127.10 | 2024 | percent |
| Trade openness | 26.17 | 1960 | percent |
| Financial openness | -0.673 | 2022 | index points |
| Exports, percent of GDP | 9.24 | 1960 | percent |
| Exports, billion dollars | 0.39 | 1960 | billion U.S. dollars |
| Imports, percent of GDP | 16.92 | 1960 | percent |
| Imports, billion dollars | 0.71 | 1960 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.38 | 2025 | percent |
| Foreign Direct Investment, billion dollars | 1.61 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 1,917.04 | 2024 | million dollars (current) |
| Current account, percent of GDP | 4.83 | 2025 | percent |
| Current account, in dollars | 14.04 | 2025 | billion U.S. dollars |
| Trade balance, percent of GDP | -7.68 | 1960 | percent |
| Trade balance, in dollars | -0.19 | 2024 | billion U.S. dollars |
| Reserves | 46.02 | 2025 | billion U.S. dollars |
| Remittances, percent of GDP | 8.44 | 2024 | percent |
| Remittances | 22,789.10 | 2025 | million U.S. dollars |
| Net errors and omissions | -15,726.34 | 2025 | million USD |
| External debt | 21.03 | 2023 | percent |
| Short-term external debt | 18.48 | 2023 | percent |
| Short-term debt to reserves | 59.12 | 2023 | percent |