Nigeria: Short-term external debt

* indicates monthly or quarterly data series
 Nigeria

Short-term debt, percent of total external debt

 Latest value 22.25
 Year 2022
 Measure percent
 Data availability 1970 - 2022
 Average 23.62
 Min - Max 1.54 - 68.69
 Source The World Bank
For that indicator, we provide data for Nigeria from 1970 to 2022. The average value for Nigeria during that period was 23.62 percent with a minimum of 1.54 percent in 1989 and a maximum of 68.69 percent in 1977. The latest value from 2022 is 22.25 percent. For comparison, the world average in 2022 based on 120 countries is 11.19 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Short-term external debt - Recent values chart

Historical chart
Nigeria - Short-term external debt - historical chart - 1970-2022




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 external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.


 Related indicators Latest value 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 -0.04 2022 percent
 Foreign Direct Investment, billion dollars -0.19 2022 billion U.S. dollars
 Portfolio investment inflows, equities 293.46 2022 million dollars (current)
 Current account, percent of GDP 0.10 2022 percent
 Current account, in dollars 1.02 2022 billion U.S. dollars
 Trade balance, percent of GDP -7.68 1960 percent
 Trade balance, in dollars -7.96 2022 billion U.S. dollars
 Reserves 35.56 2022 billion U.S. dollars
 Remittances, percent of GDP 4.26 2022 percent
 Remittances 20,127.61 2022 million U.S. dollars
 Net errors and omissions -7,513.48 2022 million USD
 External debt 21.39 2022 percent
 Short-term external debt 22.25 2022 percent
 Short-term debt to reserves 61.52 2022 percent
 Foreign exchange reserves 37.39 9/2022 billion
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