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. Nigeria Government Debt to GDP - values, historical data and charts - was last updated on July of 2020. source: Debt Management Office, Nigeria
Government Debt to GDP in Nigeria is expected to reach 55.00 percent by the end of 2020, 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 40.00 percent in 2021 and 26.00 percent in 2022, according to our econometric models.