Government Spending in Nigeria increased to 795880.30 NGN Million in the fourth quarter of 2017 from 624001.80 NGN Million in the third quarter of 2017. Government Spending in Nigeria averaged 1031026.93 NGN Million from 2010 until 2017, reaching an all time high of 1615675.03 NGN Million in the fourth quarter of 2010 and a record low of 624001.80 NGN Million in the third quarter of 2017.

Government Spending in Nigeria is expected to be 817767.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Nigeria to stand at 828220.00 in 12 months time. In the long-term, the Nigeria Government Spending is projected to trend around 886353.00 NGN Million in 2020, according to our econometric models.

Nigeria Government Spending
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 Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Nigeria Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Spending - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
795880.30 624001.80 1615675.03 624001.80 2010 - 2017 NGN Million Quarterly
Constant 2010 Prices, NSA

Country Last Previous
Argentina 97236.00 Jun/18
Australia 87057.00 Sep/18
Brazil 105318.73 Oct/18
Canada 417220.00 Sep/18
China 203330.00 Dec/17
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France 136130.00 Sep/18
Germany 142.29 Sep/18
India 4216.64 Sep/18
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Singapore 10674.70 Sep/18
South Africa 643704.00 Sep/18
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Spain 56107.00 Sep/18
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