Nigeria recorded a government debt equivalent to 21.30 percent of the country's Gross Domestic Product in 2017. Government Debt to GDP in Nigeria averaged 32.42 percent from 1990 until 2017, reaching an all time high of 75 percent in 1991 and a record low of 7.30 percent in 2008.

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.

Nigeria Government Debt to GDP
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Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 21.30 17.60 75.00 7.30 percent [+]
Government Budget -5.10 -2.10 0.80 -6.70 percent of GDP [+]
Government Revenues 680.13 911.33 1091.75 498.54 NGN Billion [+]
Government Spending 842195.49 904099.06 1615675.03 624001.80 NGN Million [+]
Government Budget Value -397.17 -718.09 38.36 -1664.20 NGN Billion [+]
Fiscal Expenditure 1077.29 1629.41 2495.13 743.65 NGN Billion [+]
Credit Rating 27.58 [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
21.30 17.60 75.00 7.30 1990 - 2017 percent Yearly




Country Last Previous
Japan 253.00 Dec/17
Italy 132.20 Dec/18
Singapore 112.20 Dec/18
United States 105.40 Dec/17
France 98.40 Dec/18
Spain 97.10 Dec/18
Canada 90.60 Dec/18
Argentina 86.20 Dec/18
Euro Area 85.10 Dec/18
United Kingdom 84.70 Dec/18
Brazil 77.22 Dec/18
India 68.70 Dec/17
Germany 60.90 Dec/18
South Africa 55.80 Dec/18
Netherlands 52.40 Dec/18
China 47.60 Dec/17
Mexico 46.00 Dec/18
Australia 40.70 Dec/18
South Korea 36.60 Dec/18
Indonesia 29.80 Dec/18
Switzerland 29.70 Dec/17
Turkey 28.30 Dec/17
Saudi Arabia 19.10 Dec/18
Russia 13.50 Dec/17


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