Gross debt, General government, Percent of fiscal year GDP in Nigeria
Nigeria: Gross debt, General government, Percent of fiscal year GDP was 11.5 in 2015. ◆ Volatile
Gross debt, General government, Percent of fiscal year GDP in Nigeria, 1968–2015
Source: International Monetary Fund.
Analysis
Nigeria recorded 11.5 for gross debt, general government, percent of fiscal year gdp in 2015.
Compared with earlier readings it is up 8.7% on the previous year and down 39.2% over ten years.
Over the whole period, gross debt, general government, percent of fiscal year gdp in Nigeria peaked at 193.67 in 1993 and was at its lowest, 7.28, in 2008.
Nigeria ranks 179th of 188 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross debt, General government, Percent of fiscal year GDP in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1968 | 20.45 | — |
| 1969 | 20.05 | -2.0% |
| 1970 | 16.41 | -18.2% |
| 1971 | 11.69 | -28.8% |
| 1972 | 11.12 | -4.9% |
| 1973 | 13.74 | +23.6% |
| 1974 | 13.06 | -4.9% |
| 1975 | 10.48 | -19.7% |
| 1976 | 9.05 | -13.7% |
| 1977 | 13.04 | +44.1% |
| 1978 | 19.16 | +46.9% |
| 1979 | 18.72 | -2.3% |
| 1980 | 18.55 | -0.9% |
| 1981 | 25.3 | +36.4% |
| 1982 | 36.99 | +46.2% |
| 1983 | 61.11 | +65.2% |
| 1984 | 63.94 | +4.6% |
| 1985 | 69.67 | +9.0% |
| 1986 | 114.38 | +64.2% |
| 1987 | 146.66 | +28.2% |
| 1988 | 136.6 | -6.9% |
| 1989 | 140.2 | +2.6% |
| 1990 | 120.4 | -14.1% |
| 1991 | 140.19 | +16.4% |
| 1992 | 127.78 | -8.9% |
| 1993 | 193.67 | +51.6% |
| 1994 | 183.73 | -5.1% |
| 1995 | 100.09 | -45.5% |
| 1996 | 68.36 | -31.7% |
| 1997 | 79.51 | +16.3% |
| 1998 | 89.78 | +12.9% |
| 1999 | 83.56 | -6.9% |
| 2000 | 82.3 | -1.5% |
| 2001 | 83.47 | +1.4% |
| 2002 | 43.27 | -48.2% |
| 2003 | 41.97 | -3.0% |
| 2004 | 35.49 | -15.5% |
| 2005 | 18.93 | -46.7% |
| 2006 | 7.71 | -59.3% |
| 2007 | 8.12 | +5.3% |
| 2008 | 7.28 | -10.4% |
| 2009 | 8.62 | +18.4% |
| 2010 | 9.6 | +11.4% |
| 2011 | 10.19 | +6.2% |
| 2012 | 10.42 | +2.2% |
| 2013 | 10.5 | +0.8% |
| 2014 | 10.58 | +0.7% |
| 2015 | 11.5 | +8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.25 | 20.05 | 20.45 | 2 |
| 1970s | 13.65 | 9.05 | 19.16 | 10 |
| 1980s | 81.34 | 18.55 | 146.66 | 10 |
| 1990s | 118.71 | 68.36 | 193.67 | 10 |
| 2000s | 33.71 | 7.28 | 83.47 | 10 |
| 2010s | 10.47 | 9.6 | 11.5 | 6 |
Countries ranked near Nigeria
- 176 Iran, Islamic Republic of 15.9 compare
- 177 Oman 14.88 compare
- 178 Equatorial Guinea 13.98 compare
- 180 Kuwait 11.17 compare
- 181 Uzbekistan 10.76 compare
- 182 Solomon Islands 10.38 compare
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, percent of fiscal year gdp in Nigeria?
- Gross debt, general government, percent of fiscal year gdp in Nigeria was 11.5 in 2015, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of fiscal year gdp recorded in Nigeria?
- The highest recorded value was 193.67 in 1993.
- What is the lowest gross debt, general government, percent of fiscal year gdp recorded in Nigeria?
- The lowest recorded value was 7.28 in 2008.
- How does Nigeria rank for gross debt, general government, percent of fiscal year gdp?
- Nigeria ranks 179th out of 188 countries with data for 2015.
- Is gross debt, general government, percent of fiscal year gdp rising or falling in Nigeria?
- Over the last ten years it is down 39.2%. 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, Percent of fiscal year GDP. Statizoid updates them automatically from the source API.
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About this data
The Historical Public Debt Database contains unbalanced panel data on Gross Domestic Product, Gross Government Debt, and Debt to GDP Ratio for 187 countries. The series spans the years 1800 through 2015 although each country’s data depends on its date of independence and data availability.