Gross debt, General government, Percent of GDP in Nigeria
Nigeria: Gross debt, General government, Percent of GDP was 30.11 in 2031. ◆ Volatile
Gross debt, General government, Percent of GDP in Nigeria, 1990–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross debt, general government, percent of gdp in Nigeria is 30.11, measured in 2031.
The figure is down 2.7% on the previous year and up 13.1% over ten years.
Over the whole period, gross debt, general government, percent of gdp in Nigeria peaked at 53.23 in 1991 and was at its lowest, 5.17, in 2008.
That places Nigeria 21st out of 26 countries with data for 2031, putting it 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 GDP in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 50.9 | — |
| 1991 | 53.23 | +4.6% |
| 1992 | 49.83 | -6.4% |
| 1993 | 50.44 | +1.2% |
| 1994 | 39.69 | -21.3% |
| 1995 | 24.17 | -39.1% |
| 1996 | 17.9 | -25.9% |
| 1997 | 17.14 | -4.2% |
| 1998 | 15.81 | -7.8% |
| 1999 | 46.11 | +191.7% |
| 2000 | 40.9 | -11.3% |
| 2001 | 37.7 | -7.8% |
| 2002 | 30.72 | -18.5% |
| 2003 | 29.89 | -2.7% |
| 2004 | 25.2 | -15.7% |
| 2005 | 13.45 | -46.6% |
| 2006 | 6.68 | -50.3% |
| 2007 | 5.76 | -13.7% |
| 2008 | 5.17 | -10.4% |
| 2009 | 6.12 | +18.4% |
| 2010 | 6.67 | +9.0% |
| 2011 | 12.38 | +85.6% |
| 2012 | 12.48 | +0.8% |
| 2013 | 12.99 | +4.1% |
| 2014 | 15.76 | +21.4% |
| 2015 | 14.93 | -5.3% |
| 2016 | 17.38 | +16.4% |
| 2017 | 18.01 | +3.6% |
| 2018 | 20.38 | +13.2% |
| 2019 | 21.44 | +5.2% |
| 2020 | 25.72 | +20.0% |
| 2021 | 26.62 | +3.5% |
| 2022 | 29.84 | +12.1% |
| 2023 | 36.34 | +21.8% |
| 2024 | 39.33 | +8.2% |
| 2025 | 35.48 | -9.8% |
| 2026 | 32.33 | -8.9% |
| 2027 | 33.09 | +2.3% |
| 2028 | 32.49 | -1.8% |
| 2029 | 31.73 | -2.3% |
| 2030 | 30.94 | -2.5% |
| 2031 | 30.11 | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 36.52 | 15.81 | 53.23 | 10 |
| 2000s | 20.16 | 5.17 | 40.9 | 10 |
| 2010s | 15.24 | 6.67 | 21.44 | 10 |
| 2020s | 32.3 | 25.72 | 39.33 | 10 |
| 2030s | 30.52 | 30.11 | 30.94 | 2 |
Countries ranked near Nigeria
- 18 Saudi Arabia 42.22 compare
- 19 Estonia 41.21 compare
- 20 Honduras 34.46 compare
- 22 Chinese Taipei 27.56 compare
- 23 Türkiye 27.49 compare
- 24 United Arab Emirates 26.01 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 gdp in Nigeria?
- Gross debt, general government, percent of gdp in Nigeria was 30.11 in 2031, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of gdp recorded in Nigeria?
- The highest recorded value was 53.23 in 1991.
- What is the lowest gross debt, general government, percent of gdp recorded in Nigeria?
- The lowest recorded value was 5.17 in 2008.
- How does Nigeria rank for gross debt, general government, percent of gdp?
- Nigeria ranks 21st out of 26 countries with data for 2031.
- Is gross debt, general government, percent of gdp rising or falling in Nigeria?
- Over the last ten years it is up 13.1%. 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 GDP (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.