Gross debt, General government, Percent of GDP (Gross Percent GDP) in Nigeria
Nigeria: Gross debt, General government, Percent of GDP (Gross Percent GDP) was 33.76 in 2030. ◆ Volatile
Gross debt, General government, Percent of GDP in Nigeria, 1991–2030
Source: International Monetary Fund.
Analysis
Nigeria recorded 33.76 for gross debt, general government, percent of gdp in 2030.
Compared with earlier readings it is down 0.9% on the previous year and up 31.2% 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.
Nigeria ranks 148th of 193 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 GDP (Gross Percent GDP) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 53.23 | — |
| 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 | 12.89 | -0.7% |
| 2015 | 14.93 | +15.8% |
| 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 | 36.38 | -7.5% |
| 2026 | 35.03 | -3.7% |
| 2027 | 35.27 | +0.7% |
| 2028 | 34.42 | -2.4% |
| 2029 | 34.08 | -1.0% |
| 2030 | 33.76 | -0.9% |
Nigeria compared with similar countries
- Nigeria's 33.76 is below the median for lower middle income countries, which is 47.18, 72% of the median. (46 countries reporting)
- Nigeria's 33.76 is below the median for Sub-Saharan Africa, which is 49.18, 69% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Gross debt, General government, Percent of GDP (Gross Percent GDP) in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +191.7% | 15.81 | 46.11 |
| 2011 | +85.6% | 6.67 | 12.38 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 34.92 | 15.81 | 53.23 | 9 |
| 2000s | 20.16 | 5.17 | 40.9 | 10 |
| 2010s | 14.95 | 6.67 | 21.44 | 10 |
| 2020s | 33.3 | 25.72 | 39.33 | 10 |
| 2030s | 33.76 | 33.76 | 33.76 | 1 |
Countries ranked near Nigeria
More external debt data for Nigeria
- Net financial flows, IBRD 141.84 million NFL, current US$ (2025)
- 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)
- 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, IDA (NFL, current US$), per square kilometre 1,640 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 5.52 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 56.88 billion DOD, current US$ (2025)
- External debt stocks, long-term 111.36 billion DOD, current US$ (2025)
Frequently asked questions
- What is gross debt, general government, percent of gdp in Nigeria?
- Gross debt, general government, percent of gdp in Nigeria was 33.76 in 2030, 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 148th out of 193 countries with data for 2030.
- Is gross debt, general government, percent of gdp rising or falling in Nigeria?
- Over the last ten years it is up 31.2%. 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 GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October