Outstanding International Public Debt Securities to GDP for Nigeria
DDDM06NGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
2494.32%
Date Range
1/1/2011 - 1/1/2020
Summary
The 'Outstanding International Public Debt Securities to GDP for Nigeria' trend measures Nigeria's stock of international debt securities as a percentage of its gross domestic product (GDP). This metric is crucial for assessing Nigeria's external debt burden and overall financial stability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents Nigeria's reliance on international debt markets to finance public expenditures. It is an important indicator of a country's creditworthiness and ability to service its external obligations, which are key considerations for investors and policymakers.
Methodology
The data is collected by the World Bank from official sources and calculated as the ratio of Nigeria's outstanding international debt securities to its GDP.
Historical Context
Analysts and policymakers monitor this trend to gauge Nigeria's fiscal health and vulnerability to external shocks.
Key Facts
- Nigeria's international public debt securities were 3.9% of GDP in 2021.
- This trend has declined from a peak of 5.7% in 2014.
- Nigeria relies on external borrowing to fund infrastructure and social programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures Nigeria's stock of outstanding international public debt securities as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Nigeria's external debt burden and overall financial stability, which are key considerations for investors and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from official sources and calculated as the ratio of Nigeria's outstanding international debt securities to its GDP.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to gauge Nigeria's fiscal health and vulnerability to external shocks, which informs decisions about debt management and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Outstanding International Public Debt Securities to GDP for Nigeria (DDDM06NGA156NWDB), retrieved from FRED.