Nigeria Consolidated Fiscal Balance

2005 - 2024 | Quarterly | USD mn | CEIC Data

Key information about Nigeria Consolidated Fiscal Balance

  • Nigeria Consolidated Fiscal Balance recorded a deficit equal to 1.903 USD bn in Dec 2024, compared with a deficit equal to 2.015 USD bn in the previous quarter.
  • Nigeria Consolidated Fiscal Balance data is updated quarterly, available from Mar 2005 to Dec 2024, with an average ratio of -2.023 USD bn.
  • The data reached an all-time high of 1.230 USD bn in Sep 2007 and a record low of -8.407 USD bn in Mar 2022.

CEIC converts quarterly Consolidated Fiscal Balance into USD. The Central Bank of Nigeria provides Consolidated Fiscal Balance in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.

View Nigeria's Consolidated Fiscal Balance from Mar 2005 to Dec 2024 in the chart:

Nigeria Consolidated Fiscal Balance

What was Nigeria's Consolidated Fiscal Balance in Dec 2024?

Nigeria Consolidated Fiscal Balance recorded a deficit equal to 1.903 USD bn in Dec 2024, compared with a deficit equal to 2.015 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-1,902.660 Dec 2024 -2,015.266 Sep 2024 -8,406.870 Mar 2022 1,229.562 Sep 2007 USD mn quarterly Mar 2005 - Dec 2024

Consolidated Fiscal Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 769.641 Aug 2026 monthly Dec 1997 - Aug 2026
Algeria (USD mn) -5,868.517 2022 yearly 1997 - 2022
Argentina (USD mn) 424.838 Aug 2026 monthly Jan 1993 - Aug 2026
Armenia (USD mn) -41.514 Aug 2026 monthly Jan 2008 - Aug 2026
Australia (USD mn) -16,772.730 Jun 2026 quarterly Sep 2002 - Jun 2026
Austria (USD mn) -4,257.967 Jun 2026 quarterly Mar 2001 - Jun 2026
Azerbaijan (USD mn) 2,185.824 Aug 2026 monthly Dec 2004 - Aug 2026
Bahrain (USD mn) -2,784.441 2024 yearly 1990 - 2024
Bangladesh (USD mn) -572.377 Oct 2025 monthly Jul 2008 - Oct 2025
Belarus (USD mn) 404.854 Sep 2021 quarterly Dec 2005 - Sep 2021
Belgium (USD mn) -37,464.843 2025 yearly 1970 - 2025
Bolivia (USD mn) -5,230.120 2024 yearly 1990 - 2024
Bosnia and Herzegovina (%) -0.908 Jun 2026 quarterly Dec 2008 - Jun 2026
Botswana (USD mn) -276.787 Jun 2026 monthly Apr 2007 - Jun 2026
Brazil (USD mn) -17,634.228 Aug 2026 monthly Jan 1997 - Aug 2026
Brunei (USD mn) -2,883.352 2025 yearly 1972 - 2025
Bulgaria (%) -3.405 Jun 2026 quarterly Sep 2003 - Jun 2026
Cambodia (USD mn) 92.911 Jun 2026 monthly Jan 2007 - Jun 2026
Canada (USD mn) -228.184 May 2026 monthly May 1992 - May 2026
Chile (USD mn) -9,751.327 2025 yearly 1990 - 2025
China (USD mn) -83,505.292 Aug 2026 monthly Jan 1995 - Aug 2026
Colombia (USD mn) -22,040.399 Dec 2025 quarterly Mar 1995 - Dec 2025
Croatia (USD mn) -963.223 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (USD mn) 400.148 Jul 2026 monthly Jan 2014 - Jul 2026
Czech Republic (USD mn) -1,592.090 Jun 2026 quarterly Mar 1999 - Jun 2026
Denmark (USD mn) 5,519.161 Jun 2026 quarterly Mar 1999 - Jun 2026
Ecuador (USD mn) 1,633.466 Jun 2026 quarterly Mar 2000 - Jun 2026
Egypt (USD mn) -21,374.442 May 2026 monthly Jan 2005 - May 2026
Estonia (USD mn) -348.806 Jun 2026 quarterly Mar 1999 - Jun 2026
European Union (USD mn) -651,515.829 2025 yearly 1999 - 2025
Finland (USD mn) -625.735 Jun 2026 quarterly Mar 1999 - Jun 2026
France (USD mn) -45,447.175 Jun 2026 quarterly Mar 1957 - Jun 2026
Georgia (USD mn) 86.467 Aug 2026 monthly Jan 2006 - Aug 2026
Germany (USD mn) -37,734.822 Jun 2026 quarterly Mar 1991 - Jun 2026
Ghana (USD mn) -48.257 Jul 2026 monthly Jan 2008 - Jul 2026
Greece (USD mn) -1,512.578 Mar 2026 quarterly Mar 1999 - Mar 2026
Hong Kong SAR, China (USD mn) 76.302 Aug 2026 monthly Oct 1998 - Aug 2026
Hungary (USD mn) -2,447.032 Jun 2026 quarterly Mar 1999 - Jun 2026
Iceland (USD mn) -190.907 Mar 2026 quarterly Mar 2002 - Mar 2026
India (USD mn) 26,728.155 Aug 2026 monthly Apr 1997 - Aug 2026
Indonesia (USD mn) -252.111 Aug 2026 monthly Jan 2014 - Aug 2026
Iran (USD mn) -13,054.476 Mar 2021 quarterly Jun 2005 - Mar 2021
Ireland (USD mn) 879.215 Mar 2026 quarterly Mar 2000 - Mar 2026
Israel (USD mn) -2,628.718 Aug 2026 monthly Jan 1999 - Aug 2026
Italy (USD mn) -13,270.691 Jun 2026 quarterly Mar 1999 - Jun 2026
Ivory Coast (USD mn) -2,985.075 2025 yearly 1960 - 2025
Japan (USD mn) -285,631.424 2025 yearly 1995 - 2025
Jordan (USD mn) -1,288.434 2025 yearly 1999 - 2025
Kazakhstan (USD mn) 4,873.423 Aug 2026 monthly Nov 2007 - Aug 2026
Kenya (%) -6.445 Mar 2026 quarterly Dec 2009 - Mar 2026
South Korea (USD mn) 16,032.832 Jul 2026 monthly Jul 1999 - Jul 2026
Kosovo (USD mn) 49.040 Oct 2023 monthly Jan 2006 - Oct 2023
Kuwait (USD mn) -3,440.015 2024 yearly 1988 - 2024
Kyrgyzstan (USD mn) 84.746 Aug 2026 monthly Jan 2007 - Aug 2026
Laos (USD mn) 344.107 2025 yearly 2010 - 2025
Latvia (USD mn) 108.988 Mar 2026 quarterly Mar 1999 - Mar 2026
Lebanon (USD mn) 36.123 Dec 2024 monthly Jan 1998 - Dec 2024
Lithuania (USD mn) -533.154 Jun 2026 quarterly Mar 1999 - Jun 2026
Luxembourg (%) -1.961 2025 yearly 1995 - 2025
Macau SAR, China (%) 7.874 Jun 2025 quarterly Dec 2003 - Jun 2025
North Macedonia (USD mn) -764.590 2025 yearly 2009 - 2025
Malawi (USD mn) -120.602 Jul 2026 monthly Oct 2005 - Jul 2026
Malaysia (USD mn) -27,060.208 2024 yearly 1970 - 2024
Malta (USD mn) -396.883 Mar 2026 quarterly Mar 1999 - Mar 2026
Mauritius (%) -5.825 Mar 2026 quarterly Dec 2010 - Mar 2026
Mexico (USD mn) -326.726 Aug 2026 monthly Jan 1977 - Aug 2026
Moldova (USD mn) -819.952 2025 yearly 1998 - 2025
Mongolia (USD mn) -17.507 Jul 2026 monthly Jan 2000 - Jul 2026
Montenegro (USD mn) -2.704 Aug 2026 monthly Jan 2012 - Aug 2026
Morocco (USD mn) -6,122.867 Aug 2026 monthly Jan 2000 - Aug 2026
Mozambique (USD mn) 388.757 Dec 2016 quarterly Mar 2002 - Dec 2016
Myanmar (USD mn) -1,874.844 2023 yearly 1980 - 2023
Nepal (USD mn) -1,058.584 Jun 2026 quarterly Mar 2017 - Jun 2026
Netherlands (USD mn) -6,308.522 Jun 2026 quarterly Mar 1999 - Jun 2026
New Zealand (USD mn) -4,697.177 Mar 2026 quarterly Mar 1999 - Mar 2026
Nigeria (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
Norway (USD mn) 23,282.778 Jun 2026 quarterly Mar 2002 - Jun 2026
Oman (USD mn) -5.202 Jun 2026 monthly Jun 2003 - Jun 2026
Pakistan (USD mn) -14,594.600 2025 yearly 1991 - 2025
Palestinian Territory (USD mn) 192.600 2024 yearly 2010 - 2024
Panama (USD mn) -3,320.820 2025 yearly 2003 - 2025
Paraguay (USD mn) -276.886 Aug 2026 monthly Jan 2003 - Aug 2026
Peru (USD mn) 3,738.287 Jun 2026 quarterly Mar 1990 - Jun 2026
Philippines (USD mn) -2,629.333 Aug 2026 monthly Jan 1985 - Aug 2026
Poland (USD mn) -75,512.792 2025 yearly 1995 - 2025
Portugal (USD mn) 1,540.842 Jun 2026 quarterly Mar 1995 - Jun 2026
Qatar (USD mn) -5,833.791 Jun 2026 quarterly Mar 2011 - Jun 2026
Romania (%) -5.881 Jun 2026 quarterly Dec 2004 - Jun 2026
Russia (USD mn) 300.701 Jul 2026 monthly Jan 1993 - Jul 2026
Saudi Arabia (USD mn) -73,761.406 2025 yearly 1969 - 2025
Serbia (USD mn) -479.092 Jul 2026 monthly Jan 2005 - Jul 2026
Singapore (USD mn) 8,392.854 Aug 2026 monthly Apr 2011 - Aug 2026
Slovakia (USD mn) -825.029 Aug 2026 monthly Jan 2005 - Aug 2026
Slovenia (USD mn) 96.207 Aug 2026 monthly Jan 2000 - Aug 2026
South Africa (USD mn) -1,802.860 Aug 2026 monthly Jan 1990 - Aug 2026
Spain (USD mn) -37,220.742 Jun 2026 quarterly Mar 1995 - Jun 2026
Sri Lanka (%) -0.956 Jun 2026 quarterly Dec 2014 - Jun 2026
Sudan (USD mn) -196.813 2021 yearly 2001 - 2021
Sweden (USD mn) -8,632.443 2025 yearly 1995 - 2025
Switzerland (USD mn) 2,471.412 2025 yearly 1990 - 2025

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Consolidated Fiscal Balance (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
National Government Debt (USD mn) 117,603.7 Jun 2026 quarterly Dec 2006 - Jun 2026
Government Debt: % of GDP (%) 34.8 Jun 2026 quarterly Dec 2010 - Jun 2026
Forecast: Government Expenditure (NGN bn) 129,829.781 2031 yearly 1990 - 2031
Forecast: Government Net Debt (NGN bn) 318,517.716 2031 yearly 1990 - 2031
Forecast: Government Revenue (NGN bn) 110,023.853 2031 yearly 1990 - 2031
Government Debt: Domestic (NGN bn) 86,999.153 Jun 2026 quarterly Dec 2005 - Jun 2026
Federal Govt Balance (NGN bn) -3,084.970 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure: Capital (NGN bn) 958.160 Dec 2024 quarterly Mar 2005 - Dec 2024
Gross Federation Account Revenue (NGN bn) 8,626.160 Dec 2025 quarterly Mar 2005 - Dec 2025
Federal Govt Revenue (NGN bn) 2,519.820 Dec 2024 quarterly Mar 2005 - Dec 2024
Gross Federation Account Revenue: Oil (NGN bn) 3,470.680 Dec 2025 quarterly Mar 2005 - Dec 2025
Federal Govt Expenditure: Recurrent (NGN bn) 4,210.940 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure (NGN bn) 5,604.790 Dec 2024 quarterly Mar 2005 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 3,144.6 Jun 2026 monthly Jan 2003 - Jun 2026
Total Exports (USD mn) 6,695.9 Jun 2026 monthly Jan 2003 - Jun 2026
Total Exports Growth (%) 21.6 Jun 2026 monthly Jan 2004 - Jun 2026
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,667.217 2025 yearly 1995 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 558.096 2025 yearly 1995 - 2025
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) 7.2 Jun 2026 monthly Jan 2004 - Jun 2026
Imports: Medicament (USD th) 514,048.055 2025 yearly 1995 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 256,301.450 2025 yearly 1995 - 2025
Total Exports to USA (USD mn) 873.115 Jun 2026 monthly Jan 2003 - Jun 2026
Total Imports from USA (USD mn) 289.501 Jun 2026 monthly Dec 2009 - Jun 2026
Total Exports to China (USD mn) 182.031 Jun 2026 monthly Jan 2007 - Jun 2026
Total Imports from China (USD mn) 1,525.025 Jun 2026 monthly Jan 2007 - Jun 2026
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 244,171.194 2025 yearly 2003 - 2025
Exports: Mineral Products (NGN mn) 73,459,088.314 2025 yearly 2003 - 2025
Exports: Vegetable Products (NGN mn) 1,539,822.759 2025 yearly 2003 - 2025
Exports: America: ow USA (NGN mn) 1,193,102.600 Jun 2026 monthly Jan 2003 - Jun 2026
Exports (NGN mn) 9,149,930.540 Jun 2026 monthly Jan 2003 - Jun 2026
Exports: Europe: ow Netherlands (NGN mn) 897,681.601 Jun 2026 monthly Jan 2003 - Jun 2026
Exports: Europe: ow UK (NGN mn) 183,153.971 Jun 2026 monthly Jan 2003 - Jun 2026
Imports: Chemicals and Chemical Products (NGN mn) 920,619.659 Jun 2026 monthly Jan 2003 - Jun 2026
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 310,072.872 Jun 2026 monthly Jan 2003 - Jun 2026
Imports: Manufactured Goods (NGN mn) 684,564.377 Jun 2026 monthly Jan 2003 - Jun 2026
Imports: Food and Live Animals (NGN mn) 586,497.981 Jun 2026 monthly Jan 2003 - Jun 2026
Imports: Machinery and Transport Equipment (NGN mn) 2,006,820.477 Jun 2026 monthly Jan 2003 - Jun 2026
Imports: Europe: ow Germany (NGN mn) 154,396.445 Jun 2026 monthly Jan 2003 - Jun 2026
Imports: Europe: ow Netherlands (NGN mn) 170,700.714 Jun 2026 monthly Jan 2003 - Jun 2026
Imports: Europe: ow UK (NGN mn) 137,002.760 Jun 2026 monthly Jan 2003 - Jun 2026
Imports: America: ow USA (NGN mn) 395,600.950 Jun 2026 monthly Jan 2003 - Jun 2026
Imports: Asia: ow China (NGN mn) 2,083,931.427 Jun 2026 monthly Jan 2007 - Jun 2026
Imports (NGN mn) 4,852,803.770 Jun 2026 monthly Jan 2003 - Jun 2026
Exports: Crude Oil (NGN mn) 4,138,590.195 Jun 2026 monthly Jan 2003 - Jun 2026
Total Trade (NGN mn) 14,002,734.310 Jun 2026 monthly Jan 2003 - Jun 2026
Imports: Growth Rate: MoM (%) -7.422 Jun 2026 monthly Jan 2019 - Jun 2026
Exports: Growth Rate: MoM (%) 5.725 Jun 2026 monthly Jan 2019 - Jun 2026
Export Value Index (2015=100) 106.400 2024 yearly 2005 - 2024
Import Value Index (2015=100) 91.600 2024 yearly 2005 - 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 560.0 Jun 2026 quarterly Mar 2008 - Jun 2026
Current Account Balance (USD mn) 7,540.0 Jun 2026 quarterly Mar 2014 - Jun 2026
Current Account Balance: % of GDP (%) 6.1 Mar 2026 quarterly Mar 2014 - Mar 2026
Foreign Direct Investment (USD mn) 1,150.0 Jun 2026 quarterly Mar 2014 - Jun 2026
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2026 quarterly Mar 2010 - Jun 2026
Foreign Portfolio Investment (USD mn) 7,090.000 Jun 2026 quarterly Mar 2008 - Jun 2026
Foreign Portfolio Investment: % of GDP (%) 8.1 Jun 2026 quarterly Mar 2010 - Jun 2026
Foreign Portfolio Investment: Equity Securities (USD mn) 1,972.4 Mar 2026 quarterly Mar 2008 - Mar 2026
Foreign Portfolio Investment: Debt Securities (USD mn) 4,052.849 Mar 2026 quarterly Mar 2008 - Mar 2026
External Debt (USD mn) 51,904.1 Mar 2026 quarterly Dec 2006 - Mar 2026
External Debt: % of GDP (%) 12.0 2025 yearly 1985 - 2025
External Debt: Short Term (USD mn) 1,513.7 2022 yearly 2008 - 2022
External Debt: Short Term: % of GDP (%) 0.2 2022 yearly 2008 - 2022
Forecast: Current Account Balance (USD bn) 16.466 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -98,161.801 2025 yearly 2005 - 2025
External Debt: Government (USD mn) 51,904.080 Mar 2026 quarterly Dec 2006 - Mar 2026
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 32,466.286 Aug 2026 monthly Apr 1990 - Aug 2026
Money Supply M2 (USD mn) 104,596.419 Aug 2026 monthly Apr 1990 - Aug 2026
M2 Growth (%) 16.4 Aug 2026 monthly Apr 1991 - Aug 2026
Reserve Requirement Ratio (%) 45.0 Sep 2026 monthly Nov 2005 - Sep 2026
Foreign Exchange Reserves (USD mn) 48,350.1 Mar 2026 monthly Jan 1960 - Mar 2026
Foreign Exchange Reserves: % of GDP (%) 15.946 Mar 2026 quarterly Dec 2010 - Mar 2026
Foreign Exchange Reserves: Months of Import (NA) 14.1 Mar 2026 monthly Jan 2003 - Mar 2026
Gold Reserves (USD mn) 3,173.290 Mar 2026 monthly Dec 1950 - Mar 2026
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 87,998.1 Aug 2026 monthly Apr 1990 - Aug 2026
Domestic Credit Growth (%) 18.6 Aug 2026 monthly Apr 1991 - Aug 2026
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 43,259,364.800 Aug 2026 monthly Apr 1990 - Aug 2026
Monetary Survey: Liabilities: M2 (NGN mn) 139,368,410.070 Aug 2026 monthly Apr 1990 - Aug 2026
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 96,109,045.270 Aug 2026 monthly Apr 1990 - Aug 2026
Monetary Survey: Liabilities: Base Money (NGN mn) 41,503,711.180 Aug 2026 monthly Apr 1990 - Aug 2026
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.8 Sep 2026 monthly Jul 2015 - Sep 2026

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