Government Spending in Nigeria decreased to 929917.32 NGN Million in the first quarter of 2019 from 1027351.08 NGN Million in the fourth quarter of 2018. Government Spending in Nigeria averaged 1015514.70 NGN Million from 2010 until 2019, reaching an all time high of 1615675.03 NGN Million in the fourth quarter of 2010 and a record low of 609792.40 NGN Million in the fourth quarter of 2017.

Government Spending in Nigeria is expected to be 859882.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Nigeria to stand at 863250.00 in 12 months time. In the long-term, the Nigeria Government Spending is projected to trend around 906057.00 NGN Million in 2020, according to our econometric models.

Nigeria Government Spending
Forecast Data Chart
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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 798.82 1121.55 1121.55 498.54 NGN Billion [+]
Government Spending 929917.32 1027351.08 1615675.03 609792.40 NGN Million [+]
Government Budget Value -398.22 -713.13 38.36 -1664.20 NGN Billion [+]
Government Debt 83882.66 81274.09 83882.66 48361.37 USD Million [+]
Fiscal Expenditure 1197.04 1834.69 2495.13 743.65 NGN Billion [+]
Credit Rating 27.58 [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]

Nigeria Government Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Nigeria Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Spending - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
929917.32 1027351.08 1615675.03 609792.40 2010 - 2019 NGN Million Quarterly
Constant 2010 Prices, NSA

Country Last Previous
Argentina 94555.00 Jun/19
Australia 91328.00 Jun/19
Brazil 111045.15 Aug/19
Canada 424534.00 Jun/19
China 220906.00 Dec/18
Euro Area 553.63 Jun/19
France 136971.00 Jun/19
Germany 163.06 Jun/19
India 4218.93 Jun/19
Indonesia 209394.41 Jun/19
Italy 78508.00 Jun/19
Japan 109084.50 Jun/19
Mexico 2168414.00 Jun/19
Netherlands 45100.00 Jun/19
Russia 4043.50 Jun/19
Saudi Arabia 173041.00 Jun/19
Singapore 12496.60 Jun/19
South Africa 651189.00 Jun/19
South Korea 75743.40 Jun/19
Spain 58422.00 Jun/19
Switzerland 19989.06 Jun/19
Turkey 62009834.30 Jun/19
United Kingdom 99449.00 Jun/19
United States 3293.82 Jun/19