Government debt — all countries

Government debt — Nigeria

Government debt in Nigeria in 2031 — 30.1%. Ranked 38 in the world out of 184. Since 1990, the indicator has fallen by 20.8 pp.

2031 30.1% −0.8 pp vs 2030
World rank 38of 184
Period maximum 53.2%1991
Period minimum 5.2%2008

Trend over time

1990–2031 · % of GDP

Government debt — Nigeria, 1990–203102040601990199520002005201020152020202520301990: 50.9%1991: 53.2%1992: 49.8%1993: 50.4%1994: 39.7%1995: 24.2%1996: 17.9%1997: 17.1%1998: 15.8%1999: 46.1%2000: 40.9%2001: 37.7%2002: 30.7%2003: 29.9%2004: 25.2%2005: 13.4%2006: 6.7%2007: 5.8%2008: 5.2%2009: 6.1%2010: 6.7%2011: 12.4%2012: 12.5%2013: 13%2014: 15.8%2015: 14.9%2016: 17.4%2017: 18%2018: 20.4%2019: 21.4%2020: 25.7%2021: 26.6%2022: 29.8%2023: 36.3%2024: 39.3%2025: 35.5%2026: 32.3%2027: 33.1%2028: 32.5%2029: 31.7%2030: 30.9%2031: 30.1%
Change over the period: −20.8 pp Annual average: -0.51 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Nigeria

Nigeria 30.1%
World computed 102.5%
Sub-Saharan Africa computed 54.1%
Western Africa computed 41.7%
Government debt — Nigeria, by year Nigeria All countries CSV XLSX
Year % Change, pp
2031 30.1 −0.8 pp
2030 30.9 −0.8 pp
2029 31.7 −0.8 pp
2028 32.5 −0.6 pp
2027 33.1 +0.8 pp
2026 32.3 −3.2 pp
2025 35.5 −3.8 pp
2024 39.3 +3 pp
2023 36.3 +6.5 pp
2022 29.8 +3.2 pp
2021 26.6 +0.9 pp
2020 25.7 +4.3 pp
2019 21.4 +1 pp
2018 20.4 +2.4 pp
2017 18 +0.6 pp
2016 17.4 +2.5 pp
2015 14.9 −0.9 pp
2014 15.8 +2.8 pp
2013 13 +0.5 pp
2012 12.5 +0.1 pp
2011 12.4 +5.7 pp
2010 6.7 +0.6 pp
2009 6.1 +0.9 pp
2008 5.2 −0.6 pp
2007 5.8 −0.9 pp
2006 6.7 −6.7 pp
2005 13.4 −11.8 pp
2004 25.2 −4.7 pp
2003 29.9 −0.8 pp
2002 30.7 −7 pp
2001 37.7 −3.2 pp
2000 40.9 −5.2 pp
1999 46.1 +30.3 pp
1998 15.8 −1.3 pp
1997 17.1 −0.8 pp
1996 17.9 −6.3 pp
1995 24.2 −15.5 pp
1994 39.7 −10.7 pp
1993 50.4 +0.6 pp
1992 49.8 −3.4 pp
1991 53.2 +2.3 pp
1990 50.9

About the indicator

Gross general government debt as a percent of GDP from the IMF World Economic Outlook database: all liabilities that require future payments of interest and/or principal. It covers the central government, regional and local budgets and extrabudgetary funds where the data allow. The threshold of 60% of GDP is used in the EU Maastricht criteria as a benchmark of sustainability.

Important: The coverage of the government sector differs between countries; when levels are compared, it matters whether regional budgets are included.

Source: World Economic Outlook (IMF), license IMF open data.