Gross debt, General government, Domestic currency in Nigeria
Nigeria: Gross debt, General government, Domestic currency was 318.52 trillion in 2031. ◆ Volatile
Gross debt, General government, Domestic currency in Nigeria, 1990–2031
Source: International Monetary Fund.
Analysis
Nigeria recorded 318.52 trillion for gross debt, general government, domestic currency in 2031. That is the highest value across all 42 years on record.
That represents a change of up 10.9% on the previous year and up 391.7% over ten years.
Over the whole period, gross debt, general government, domestic currency in Nigeria peaked at 318.52 trillion in 2031 and was at its lowest, 358.18 billion, in 1990.
That places Nigeria 5th out of 26 countries with data for 2031, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross debt, General government, Domestic currency in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 358.18 billion | — |
| 1991 | 446.81 billion | +24.7% |
| 1992 | 638.36 billion | +42.9% |
| 1993 | 894.25 billion | +40.1% |
| 1994 | 985.35 billion | +10.2% |
| 1995 | 985.50 billion | +0.0% |
| 1996 | 952.59 billion | -3.3% |
| 1997 | 992.39 billion | +4.2% |
| 1998 | 1.02 trillion | +3.0% |
| 1999 | 3.45 trillion | +237.3% |
| 2000 | 3.97 trillion | +15.3% |
| 2001 | 4.32 trillion | +8.7% |
| 2002 | 4.90 trillion | +13.5% |
| 2003 | 5.60 trillion | +14.2% |
| 2004 | 6.15 trillion | +9.8% |
| 2005 | 4.22 trillion | -31.4% |
| 2006 | 2.70 trillion | -36.1% |
| 2007 | 2.68 trillion | -0.6% |
| 2008 | 2.85 trillion | +6.4% |
| 2009 | 3.82 trillion | +33.9% |
| 2010 | 5.21 trillion | +36.5% |
| 2011 | 11.11 trillion | +113.2% |
| 2012 | 12.76 trillion | +14.9% |
| 2013 | 14.82 trillion | +16.1% |
| 2014 | 20.01 trillion | +35.1% |
| 2015 | 20.01 trillion | +0.0% |
| 2016 | 25.10 trillion | +25.4% |
| 2017 | 29.13 trillion | +16.1% |
| 2018 | 37.04 trillion | +27.1% |
| 2019 | 43.97 trillion | +18.7% |
| 2020 | 54.95 trillion | +25.0% |
| 2021 | 64.78 trillion | +17.9% |
| 2022 | 81.83 trillion | +26.3% |
| 2023 | 114.10 trillion | +39.4% |
| 2024 | 146.65 trillion | +28.5% |
| 2025 | 156.66 trillion | +6.8% |
| 2026 | 171.13 trillion | +9.2% |
| 2027 | 204.42 trillion | +19.5% |
| 2028 | 230.77 trillion | +12.9% |
| 2029 | 258.00 trillion | +11.8% |
| 2030 | 287.15 trillion | +11.3% |
| 2031 | 318.52 trillion | +10.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.07 trillion | 358.18 billion | 3.45 trillion | 10 |
| 2000s | 4.12 trillion | 2.68 trillion | 6.15 trillion | 10 |
| 2010s | 21.92 trillion | 5.21 trillion | 43.97 trillion | 10 |
| 2020s | 148.33 trillion | 54.95 trillion | 258.00 trillion | 10 |
| 2030s | 302.83 trillion | 287.15 trillion | 318.52 trillion | 2 |
Countries ranked near Nigeria
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.4399 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 56.33 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA 1.92 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 8.24 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0076 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
Frequently asked questions
- What is gross debt, general government, domestic currency in Nigeria?
- Gross debt, general government, domestic currency in Nigeria was 318.52 trillion in 2031, according to International Monetary Fund.
- What is the highest gross debt, general government, domestic currency recorded in Nigeria?
- The highest recorded value was 318.52 trillion in 2031.
- What is the lowest gross debt, general government, domestic currency recorded in Nigeria?
- The lowest recorded value was 358.18 billion in 1990.
- How does Nigeria rank for gross debt, general government, domestic currency?
- Nigeria ranks 5th out of 26 countries with data for 2031.
- Is gross debt, general government, domestic currency rising or falling in Nigeria?
- Over the last ten years it is up 391.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.