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 21.00 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 25.00 percent in 2020, according to our econometric models.

Nigeria Government Debt to GDP
Forecast Data Chart
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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 795880.30 624001.80 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 [+]
Military Expenditure 1650.80 1723.20 6960.70 179.20 USD Million [+]
Credit Rating 27.58 [+]

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 December of 2018.

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 131.80 Dec/17
Singapore 110.60 Dec/17
United States 105.40 Dec/17
Spain 98.30 Dec/17
France 97.00 Dec/17
Canada 89.60 Dec/17
Euro Area 86.70 Dec/17
United Kingdom 85.30 Dec/17
Brazil 74.04 Dec/17
India 68.70 Dec/17
Germany 64.10 Dec/17
Argentina 57.10 Dec/17
Netherlands 56.70 Dec/17
South Africa 53.10 Dec/17
China 47.60 Dec/17
Mexico 46.40 Dec/17
Australia 41.90 Dec/17
South Korea 38.00 Dec/17
Switzerland 29.70 Dec/17
Indonesia 28.70 Dec/17
Turkey 28.30 Dec/17
Saudi Arabia 17.20 Dec/17
Russia 12.60 Dec/17