Net debt, General government, Percent of GDP in Nigeria
Nigeria: Net debt, General government, Percent of GDP was 33.7 in 2030. ◆ Volatile
Net debt, General government, Percent of GDP in Nigeria, 2009–2030
Source: International Monetary Fund.
Analysis
The most recent figure for net debt, general government, percent of gdp in Nigeria is 33.7, measured in 2030.
Compared with earlier readings it is down 0.9% on the previous year and up 94.3% over ten years.
Over the whole period, net debt, general government, percent of gdp in Nigeria peaked at 39.1 in 2024 and was at its lowest, 3.78, in 2009.
That places Nigeria 61st out of 90 countries with data for 2030, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net debt, General government, Percent of GDP in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2009 | 3.78 | — |
| 2010 | 4.58 | +21.2% |
| 2011 | 8.84 | +93.0% |
| 2012 | 7.58 | -14.3% |
| 2013 | 8.13 | +7.3% |
| 2014 | 7.3 | -10.1% |
| 2015 | 9.26 | +26.8% |
| 2016 | 10.46 | +13.0% |
| 2017 | 12.05 | +15.1% |
| 2018 | 12.55 | +4.2% |
| 2019 | 14.79 | +17.8% |
| 2020 | 17.35 | +17.3% |
| 2021 | 25.81 | +48.7% |
| 2022 | 29.37 | +13.8% |
| 2023 | 35.91 | +22.3% |
| 2024 | 39.1 | +8.9% |
| 2025 | 36.2 | -7.4% |
| 2026 | 34.88 | -3.6% |
| 2027 | 35.16 | +0.8% |
| 2028 | 34.33 | -2.4% |
| 2029 | 34.01 | -0.9% |
| 2030 | 33.7 | -0.9% |
Nigeria compared with similar countries
- Nigeria's 33.7 is below the median for lower middle income countries, which is 56.15, 60% of the median. (14 countries reporting)
- Nigeria's 33.7 is below the median for Sub-Saharan Africa, which is 40.86, 82% of the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.78 | 3.78 | 3.78 | 1 |
| 2010s | 9.55 | 4.58 | 14.79 | 10 |
| 2020s | 32.21 | 17.35 | 39.1 | 10 |
| 2030s | 33.7 | 33.7 | 33.7 | 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 net debt, general government, percent of gdp in Nigeria?
- Net debt, general government, percent of gdp in Nigeria was 33.7 in 2030, according to International Monetary Fund.
- What is the highest net debt, general government, percent of gdp recorded in Nigeria?
- The highest recorded value was 39.1 in 2024.
- What is the lowest net debt, general government, percent of gdp recorded in Nigeria?
- The lowest recorded value was 3.78 in 2009.
- How does Nigeria rank for net debt, general government, percent of gdp?
- Nigeria ranks 61st out of 90 countries with data for 2030.
- Is net debt, general government, percent of gdp rising or falling in Nigeria?
- Over the last ten years it is up 94.3%. 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 Net 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