Government Debt to GDP in Nigeria increased to 34.98 percent in 2020 from 29.10 percent in 2019. source: IMF

Government Debt to GDP in Nigeria averaged 33.46 percent from 1990 until 2020, reaching an all time high of 75 percent in 1991 and a record low of 7.30 percent in 2008. This page provides the latest reported value for - Nigeria Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria Government Debt to GDP - values, historical data and charts - was last updated on December of 2022.

Government Debt to GDP in Nigeria is expected to reach 39.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Government Debt to GDP is projected to trend around 42.00 percent of GDP in 2023 and 41.50 percent of GDP in 2024, according to our econometric models.

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Nigeria Government Debt to GDP

Related Last Previous Unit Reference
Government Debt to GDP 37.00 34.50 percent of GDP Dec 2021

Nigeria Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
37.00 34.50 75.00 7.30 1990 - 2021 percent of GDP Yearly