Government Debt in Nigeria decreased to 84053.32 USD Million in the fourth quarter of 2019 from 85390.82 USD Million in the third quarter of 2019.

Government Debt in Nigeria averaged 66964.23 USD Million from 2012 until 2019, reaching an all time high of 85390.82 USD Million in the third quarter of 2019 and a record low of 48361.37 USD Million in the first quarter of 2013. This page provides - Nigeria Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Debt - values, historical data and charts - was last updated on July of 2020. source: Debt Management Office, Nigeria

Government Debt in Nigeria is expected to be 93000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Debt in Nigeria to stand at 85000.00 in 12 months time. In the long-term, the Nigeria Government Debt is projected to trend around 96400.00 USD Million in 2021 and 97000.00 USD Million in 2022, according to our econometric models.

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Nigeria Government Debt

Actual Previous Highest Lowest Dates Unit Frequency
84053.32 85390.82 85390.82 48361.37 2012 - 2019 USD Million Quarterly

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 17.50 18.20 75.00 7.30 percent [+]
Government Budget -2.80 -3.20 0.80 -6.00 percent of GDP [+]
Government Revenues 938.72 1738.81 1738.81 498.54 NGN Billion [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]
Credit Rating 30.00 [+]
Government Spending 1082949.34 1077871.98 1615675.03 609792.40 NGN Million [+]
Government Budget Value -1135.74 -675.21 38.36 -1664.20 NGN Billion [+]
Government Debt 84053.32 85390.82 85390.82 48361.37 USD Million [+]
Fiscal Expenditure 2074.46 2414.03 2514.02 743.65 NGN Billion [+]