Nigeria recorded a government debt equivalent to 17.50 percent of the country's Gross Domestic Product in 2018.

Government Debt to GDP in Nigeria averaged 32.40 percent from 1990 until 2018, reaching an all time high of 75 percent in 1991 and a record low of 7.30 percent in 2008. This page provides the latest reported value for - Nigeria Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Debt Management Office, Nigeria

Government Debt to GDP in Nigeria is expected to be 23.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Government Debt to GDP is projected to trend around 26.00 percent in 2020, according to our econometric models.

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Nigeria Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
17.50 18.20 75.00 7.30 1990 - 2018 percent Yearly

Nigeria Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 17.50 18.20 75.00 7.30 percent [+]
Government Budget -2.80 -3.20 0.80 -6.00 percent of GDP [+]
Government Revenues 1026.95 944.58 1144.47 498.54 NGN Billion [+]
Government Spending 929917.32 1027351.08 1615675.03 609792.40 NGN Million [+]
Government Budget Value -379.69 -635.30 38.36 -1664.20 NGN Billion [+]
Government Debt 83882.66 81274.09 83882.66 48361.37 USD Million [+]
Fiscal Expenditure 1406.63 1579.88 2495.13 743.65 NGN Billion [+]
Credit Rating 31.00 [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]