External Debt in Nigeria increased to 22083.44 USD Million in the second quarter of 2018 from 22071.91 USD Million in the first quarter of 2018. External Debt in Nigeria averaged 8486.04 USD Million from 2008 until 2018, reaching an all time high of 22083.44 USD Million in the second quarter of 2018 and a record low of 3627.50 USD Million in the first quarter of 2009.
External Debt in Nigeria is expected to be 24539.18 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate External Debt in Nigeria to stand at 27890.63 in 12 months time. In the long-term, the Nigeria Public External Debt is projected to trend around 35933.53 USD Million in 2020, according to our econometric models.