Nigeria: Short-term debt to reserves
* indicates monthly or quarterly data series
| Nigeria |
Short-term external debt, percent of international reserves |
|---|---|
| Latest value | 60.41 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1970 - 2022 |
| Average | 88.23 |
| Min - Max | 8.21 - 404.07 |
| Source | The World Bank |
The latest value from 2022 is 60.41 percent, an increase from 45.89 percent in 2021. In comparison, the world average is 43.94 percent, based on data from 91 countries. Historically, the average for Nigeria from 1970 to 2022 is 88.23 percent. The minimum value, 8.21 percent, was reached in 1976 while the maximum of 404.07 percent was recorded in 1983.
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* indicates monthly or quarterly data series
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Definition: Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 127.38 | 2021 | percent |
| Trade openness | 26.17 | 1960 | percent |
| Financial openness | -0.666 | 2021 | 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 | 0.52 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 1.87 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 1,588.28 | 2023 | million dollars (current) |
| Current account, percent of GDP | 0.90 | 2023 | percent |
| Current account, in dollars | 6.02 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -7.68 | 1960 | percent |
| Trade balance, in dollars | -5.16 | 2023 | billion U.S. dollars |
| Reserves | 35.56 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 5.65 | 2023 | percent |
| Remittances | 20,500.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -24,844.49 | 2023 | million USD |
| External debt | 21.39 | 2022 | percent |
| Short-term external debt | 18.48 | 2023 | percent |
| Short-term debt to reserves | 60.41 | 2022 | percent |
| Foreign exchange reserves | 39.29 | 9/2024 | billion |