Nigeria’s debt service per GDP has risen sharply over the past decade and a half, climbing from 0.9% in 2009 to a projected 15.1% in 2025, after hitting a peak of 10.2% in 2024. The data reveals an average growth rate (CAGR) of 17.8% between 2009 and 2025, underscoring a significant increase in the country’s debt burden.
A closer look shows that the fastest growth occurred during President Muhammadu Buhari’s tenure (2015–2023), when debt service per GDP grew at an extraordinary 29.1% CAGR. Debt service per GDP growth was slower under President Goodluck Jonathan [(6.5% CAGR), and] there has been a noticeable uptrend in the first two years of President Bola Ahmed Tinubu (27.6% CAGR so far).
The overall trend points to mounting fiscal pressure. The sharp jumps in recent years, especially from 7.3% in 2023 to 15.1% in 2025, highlight how quickly debt service obligations are consuming a larger share of Nigeria’s economy.
Burundi recorded its highest GDP per capita in 2015 ($280.97).
By 2024, GDP per capita dropped to $153.93, a decline of nearly 45% from its peak.
Burundi’s population exceeds 13 million (2024), which dilutes income per person even when overall GDP grows.
Structural challenges like limited industrialization, reliance on subsistence farming, and political instability contribute to stagnation.
Since 2015, Burundi has held the lowest GDP per capita in Africa—and at $153.9 in 2024, it is the poorest country in the world by GDP per capita.
