Government Debt to GDP in Nigeria increased to 29.10 percent in 2019 from 27.60 percent in 2018. source: IMF

Government Debt to GDP in Nigeria averaged 33.41 percent from 1990 until 2019, 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 December of 2020.

Government Debt to GDP in Nigeria is expected to reach 35.00 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 35.50 percent in 2021 and 36.00 percent in 2022, according to our econometric models.

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Nigeria Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
29.10 27.60 75.00 7.30 1990 - 2019 percent Yearly

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 29.10 27.60 75.00 7.30 percent [+]
Government Budget -3.40 -2.80 0.80 -6.00 percent of GDP [+]
Government Revenues 842.09 894.13 1418.87 498.54 NGN Billion [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 2339712.81 1052886.18 2339712.81 609792.40 NGN Million [+]
Government Budget Value -1289.03 -1250.70 38.36 -1664.20 NGN Billion [+]
Government Debt 85896.52 79303.31 85896.52 48361.37 USD Million [+]
Fiscal Expenditure 2131.12 2144.83 2627.38 743.65 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.