Government Debt to GDP in Nigeria increased to 34.98 percent in 2020 from 29.10 percent in 2019. source: IMF

Government Debt to GDP in Nigeria averaged 33.46 percent from 1990 until 2020, 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 September of 2021.

Government Debt to GDP in Nigeria is expected to reach 35.50 percent of GDP by the end of 2021, 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 36.00 percent of GDP in 2022 and 37.00 percent of GDP in 2023, according to our econometric models.

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Nigeria Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
34.98 29.10 75.00 7.30 1990 - 2020 percent of GDP Yearly

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 34.98 29.10 75.00 7.30 percent of GDP [+]
Government Budget -3.80 -4.20 0.80 -6.00 percent of GDP [+]
Government Revenues 903.52 997.49 1480.87 498.54 NGN Billion [+]
Military Expenditure 2403.00 1860.00 7325.00 189.00 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 1409720.94 1889404.68 2339712.81 609792.40 NGN Million [+]
Government Budget Value -1483.93 -1544.48 38.36 -1664.20 NGN Billion [+]
Government Debt 87239.12 86392.54 87239.12 48361.37 USD Million [+]
Fiscal Expenditure 2387.46 2541.97 2625.09 743.65 NGN Billion [+]


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.