Nigeria's PNG, bonds (NFL, current US$) was −US$350 million in 2023, the latest year in the World Bank's World Development Indicators. That is down 127.45% from US$1.28 billion in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$350 million | 2023 |
| Five years earlier | −US$925 million | 2018 |
| Ten years earlier | US$1.28 billion | 2013 |
| Highest | US$2.35 billion | 2014 |
| Lowest | −US$1.35 billion | 2022 |
| Average since 2014 | US$207.5 million | 2014–2023 |
| First recorded | US$500 million |
What the numbers say
In 2023, Nigeria's PNG, bonds (NFL, current US$) rose US$1 billion on 2022 (from −US$1.35 billion to −US$350 million).
Across the 11 yearly changes before that (2012 to 2022), the average change was −US$168.18 million and a typical year strayed about US$1.13 billion from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$1.28 billion in 2019 and the biggest yearly fall was US$1.93 billion in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is downward, about US$276.66 million a year. A straight line explains 61% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Nigeria | −US$350 million | 2023 |
| Lower middle income | US$2.23 billion | 2024 |
Closest to Nigeria in the 2023 ranking
- Lebanon — 1st of 2: −US$300 million
What this measures
Nonguaranteed long-term debt from bonds that are privately placed. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 13 values
| Year | PNG, bonds (NFL, current US$) |
|---|---|
| 2023 | -350,000,000 |
| 2022 | -1,350,000,000 |
| 2021 | 82,688,000 |
| 2020 | -550,000,000 |
| 2019 | 350,000,000 |
| 2018 | -925,000,000 |
| 2017 | 1,000,000,000 |
| 2016 | 667,312,000 |
| 2015 | 800,000,000 |
| 2014 | 2,350,000,000 |
| 2013 |
PNG, bonds (NFL, current US$) in nearby economies
- Mauritius — −US$58.34 million (2024)
- South Africa — −US$273.49 million (2024)
More economic policy & debt data for Nigeria
- Total reserves, including gold (current US$) — US$46.02 billion (2025)
- Total reserves, excluding gold (current US$) — US$43.01 billion (2025)
- GDP (current US$) — US$290.79 billion (2025)
- GDP (current LCU) — 441.54 trillion (2025)
- GDP (constant 2015 US$) — US$562.59 billion (2025)
- GDP (constant LCU) — 226.52 trillion (2025)
- GDP per capita (current US$) — US$1,224 (2025)
- GDP per capita (current LCU) — 1.86 million (2025)
- GDP per capita (constant 2015 US$) — US$2,369 (2025)
- GDP per capita (constant LCU) — 953,654 (2025)
- GDP (annual % growth)
Reading data like this
Questions people ask
- What is Nigeria's PNG, bonds (NFL, current US$)?
- −US$350 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2011?
- It is down 170% from US$500 million in 2011. The highest value was US$2.35 billion in 2014 and the lowest −US$1.35 billion in 2022.
- Is the latest change in PNG, bonds (NFL, current US$) unusual for Nigeria?
- In 2023, Nigeria's PNG, bonds (NFL, current US$) rose US$1 billion on 2022 (from −US$1.35 billion to −US$350 million). Across the 11 yearly changes before that (2012 to 2022), the average change was −US$168.18 million and a typical year strayed about US$1.13 billion from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics, note: https://www.worldbank.org/en/programs/debt-statistics.
Source
World Bank, World Development Indicators, indicator DT.NFL.PNGB.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics, note: https://www.worldbank.org/en/programs/debt-statistics Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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