Nigeria Consolidated Fiscal Balance: % of GDP
2010 - 2024 | Quarterly | % | CEIC Data
Key information about Nigeria Consolidated Fiscal Balance: % of GDP
- Nigeria Consolidated Fiscal Balance recorded a deficit equal to 4.0 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.2 % in the previous quarter
- Nigeria Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2010 to Dec 2024, with an average ratio of -2.2 %
- The data reached an all-time high of -0.8 % in Mar 2015 and a record low of -5.1 % in Jun 2022
Further information about Nigeria Consolidated Fiscal Balance: % of GDP
- In the latest reports, Nigeria National Government Debt reached 97.1 USD bn in Jun 2025
- Nigeria Nominal GDP reached 63.8 USD bn in Jun 2025
View Nigeria's Consolidated Fiscal Balance: % of GDP from Dec 2010 to Dec 2024 in the chart:
What was Nigeria's Consolidated Fiscal Balance: % of GDP in Dec 2024?
Nigeria Consolidated Fiscal Balance recorded a deficit equal to 4.0 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.2 % in the previous quarter See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -4.0 Dec 2024 | -4.2 Sep 2024 | -5.1 Jun 2022 | -0.8 Mar 2015 | % | quarterly | Dec 2010 - Dec 2024 |
Consolidated Fiscal Balance: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -0.7 2024 | yearly | 1997 - 2024 |
| Algeria (%) | -2.6 2022 | yearly | 1994 - 2022 |
| Argentina (%) | 0.3 Jun 2025 | quarterly | Dec 2004 - Jun 2025 |
| Armenia (%) | -3.8 Jun 2025 | quarterly | Dec 2002 - Jun 2025 |
| Australia (%) | -3.2 Sep 2025 | quarterly | Jun 2003 - Sep 2025 |
| Austria (%) | -4.9 Jun 2025 | quarterly | Dec 2001 - Jun 2025 |
| Azerbaijan (%) | 0.4 Jun 2021 | monthly | Dec 2004 - Jun 2021 |
| Bahrain (%) | -4.8 2023 | yearly | 1998 - 2023 |
| Bangladesh (%) | -4.7 2024 | yearly | 2006 - 2024 |
| Belarus (%) | -0.4 Sep 2021 | quarterly | Sep 2006 - Sep 2021 |
| Belgium (%) | -4.5 2024 | yearly | 1970 - 2024 |
| Bolivia (%) | -11.2 2024 | yearly | 1990 - 2024 |
| Bosnia and Herzegovina (%) | 1.9 Jun 2025 | quarterly | Dec 2008 - Jun 2025 |
| Botswana (%) | -4.4 Jun 2025 | quarterly | Mar 2004 - Jun 2025 |
| Brazil (%) | -6.9 Sep 2025 | quarterly | Dec 1997 - Sep 2025 |
| Brunei (%) | -13.3 2024 | yearly | 2010 - 2024 |
| Bulgaria (%) | -4.3 Sep 2025 | quarterly | Sep 2003 - Sep 2025 |
| Cambodia (%) | -4.1 2023 | yearly | 2007 - 2023 |
| Canada (%) | -1.3 Sep 2025 | quarterly | Jun 1993 - Sep 2025 |
| Chile (%) | -2.8 2024 | yearly | 1990 - 2024 |
| China (%) | -5.1 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Colombia (%) | -7.1 Mar 2025 | quarterly | Dec 2000 - Mar 2025 |
| Croatia (%) | -2.4 2024 | yearly | 2002 - 2024 |
| Cyprus (%) | 4.4 Jun 2025 | quarterly | Dec 1995 - Jun 2025 |
| Czech Republic (%) | -2.1 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| Denmark (%) | 3.2 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| Ecuador (%) | -2.8 Jun 2025 | quarterly | Dec 2000 - Jun 2025 |
| Estonia (%) | -0.9 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| European Union (%) | -3.1 2024 | yearly | 1995 - 2024 |
| Finland (%) | -3.9 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| France (%) | -5.5 Sep 2025 | quarterly | Dec 1949 - Sep 2025 |
| Georgia (%) | -1.9 Jun 2025 | quarterly | Dec 2006 - Jun 2025 |
| Germany (%) | -2.3 Sep 2025 | quarterly | Dec 1991 - Sep 2025 |
| Ghana (%) | -1.5 Jun 2025 | quarterly | Dec 2008 - Jun 2025 |
| Greece (%) | -1.3 Dec 2018 | monthly | Apr 1999 - Dec 2018 |
| Hong Kong SAR, China (%) | 1.3 Sep 2025 | quarterly | Mar 1997 - Sep 2025 |
| Hungary (%) | -3.4 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| Iceland (%) | -2.0 Jun 2025 | quarterly | Mar 2002 - Jun 2025 |
| India (%) | -4.9 Sep 2025 | quarterly | Mar 2005 - Sep 2025 |
| Indonesia (%) | -2.7 Sep 2025 | quarterly | Dec 2014 - Sep 2025 |
| Iran (%) | -3.4 Mar 2021 | quarterly | Mar 2006 - Mar 2021 |
| Ireland (%) | 3.7 Jun 2025 | quarterly | Dec 2000 - Jun 2025 |
| Israel (%) | -4.8 Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| Italy (%) | -3.5 Mar 2025 | quarterly | Dec 1999 - Mar 2025 |
| Ivory Coast (%) | -4.0 2024 | yearly | 1960 - 2024 |
| Japan (%) | -4.6 2026 | yearly | 1996 - 2026 |
| Jordan (%) | 1.0 2018 | yearly | 1999 - 2018 |
| Kazakhstan (%) | -0.2 Sep 2025 | quarterly | Dec 2008 - Sep 2025 |
| Kenya (%) | -5.9 Jun 2025 | quarterly | Dec 2009 - Jun 2025 |
| South Korea (%) | -2.1 Sep 2025 | quarterly | Jun 2000 - Sep 2025 |
| Kosovo (%) | 0.2 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Kuwait (%) | -2.1 2024 | yearly | 1988 - 2024 |
| Kyrgyzstan (%) | 7.5 Sep 2025 | monthly | Jan 2007 - Sep 2025 |
| Laos (%) | 2.3 2024 | yearly | 2012 - 2024 |
| Latvia (%) | -1.7 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| Lebanon (%) | 0.9 2021 | yearly | 1992 - 2021 |
| Lithuania (%) | -1.8 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| Luxembourg (%) | 0.9 2024 | yearly | 1995 - 2024 |
| Macau SAR, China (%) | 7.4 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| North Macedonia (%) | -4.6 2024 | yearly | 1993 - 2024 |
| Malawi (%) | -1.3 Sep 2025 | monthly | Apr 2005 - Sep 2025 |
| Malaysia (%) | -6.4 2024 | yearly | 1970 - 2024 |
| Malta (%) | -4.0 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| Mauritius (%) | -9.3 Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Mexico (%) | -4.1 Sep 2025 | quarterly | Dec 1980 - Sep 2025 |
| Moldova (%) | -3.9 2024 | yearly | 1998 - 2024 |
| Mongolia (%) | -4.2 Sep 2025 | quarterly | Dec 2000 - Sep 2025 |
| Montenegro (%) | -4.8 Jun 2025 | quarterly | Dec 2012 - Jun 2025 |
| Morocco (%) | -4.0 2024 | yearly | 1980 - 2024 |
| Mozambique (%) | -2.7 2016 | yearly | 1996 - 2016 |
| Myanmar (%) | -7.6 2021 | yearly | 1986 - 2021 |
| Nepal (%) | -10.0 2018 | yearly | 2012 - 2018 |
| Netherlands (%) | -1.4 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| New Zealand (%) | -1.2 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| Nigeria (%) | -4.0 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Norway (%) | 12.9 Jun 2025 | quarterly | Dec 2002 - Jun 2025 |
| Oman (%) | 2.3 Sep 2023 | quarterly | Dec 2005 - Sep 2023 |
| Pakistan (%) | -2.6 2025 | yearly | 2000 - 2025 |
| Palestinian Territory (%) | 1.4 2024 | yearly | 2010 - 2024 |
| Panama (%) | -7.9 2024 | yearly | 2003 - 2024 |
| Paraguay (%) | -0.7 Jun 2025 | quarterly | Dec 2003 - Jun 2025 |
| Peru (%) | -2.5 Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Philippines (%) | -6.0 Sep 2025 | quarterly | Dec 1985 - Sep 2025 |
| Poland (%) | -6.5 2024 | yearly | 1995 - 2024 |
| Portugal (%) | 0.5 Jun 2025 | quarterly | Dec 1995 - Jun 2025 |
| Qatar (%) | -0.4 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Romania (%) | -8.7 Jun 2025 | quarterly | Dec 2004 - Jun 2025 |
| Russia (%) | -3.6 Jun 2025 | quarterly | Dec 1993 - Jun 2025 |
| Saudi Arabia (%) | -2.8 2024 | yearly | 1969 - 2024 |
| Serbia (%) | -2.8 Sep 2025 | quarterly | Dec 2005 - Sep 2025 |
| Singapore (%) | 2.2 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Slovakia (%) | -6.2 2020 | yearly | 1995 - 2020 |
| Slovenia (%) | -2.1 Sep 2025 | quarterly | Dec 2000 - Sep 2025 |
| South Africa (%) | -4.1 Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Spain (%) | -3.2 Jun 2025 | quarterly | Dec 1995 - Jun 2025 |
| Sri Lanka (%) | -6.0 Jun 2025 | quarterly | Dec 2014 - Jun 2025 |
| Sudan (%) | -0.6 2021 | yearly | 2001 - 2021 |
| Sweden (%) | -1.6 2024 | yearly | 1995 - 2024 |
| Switzerland (%) | 0.5 2024 | yearly | 1990 - 2024 |
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| 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) | 97,066.2 Jun 2025 | quarterly | Dec 2006 - Jun 2025 |
| Government Debt: % of GDP (%) | 37.5 Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Forecast: Government Expenditure (NGN bn) | 109,186.865 2030 | yearly | 1990 - 2030 |
| Forecast: Government Net Debt (NGN bn) | 295,803.687 2030 | yearly | 1990 - 2030 |
| Forecast: Government Revenue (NGN bn) | 80,747.215 2030 | yearly | 1990 - 2030 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 3,732.590 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Federal Govt Expenditure (NGN bn) | 5,584.150 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Federal Govt Revenue (NGN bn) | 2,282.540 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Gross Federation Account Revenue: Oil (NGN bn) | 1,304.960 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Federal Govt Balance (NGN bn) | -3,301.610 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Federal Govt Expenditure: Capital (NGN bn) | 1,415.860 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Gross Federation Account Revenue (NGN bn) | 6,865.840 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Government Debt: Domestic (NGN bn) | 69,219.806 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
| Trade Balance (USD mn) | 2,213.2 Jun 2025 | monthly | Jan 2003 - Jun 2025 |
| Total Exports (USD mn) | 4,858.0 Jun 2025 | monthly | Jan 2003 - Jun 2025 |
| Total Exports Growth (%) | 22.6 Jun 2025 | monthly | Jan 2004 - Jun 2025 |
| Aluminum: Exports (USD th) | 242,851.843 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 2,102.688 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 578.589 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 2,644.8 Jun 2025 | monthly | Jan 2003 - Jun 2025 |
| Total Imports Growth (%) | 2.5 Jun 2025 | monthly | Jan 2004 - Jun 2025 |
| Imports: Medicament (USD th) | 605,905.663 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 335,165.261 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 264.685 Jun 2025 | monthly | Jan 2003 - Jun 2025 |
| Total Imports from USA (USD mn) | 503.329 Jun 2025 | monthly | Dec 2009 - Jun 2025 |
| Total Exports to China (USD mn) | 174.147 Jun 2025 | monthly | Jan 2007 - Jun 2025 |
| Total Imports from China (USD mn) | 1,013.525 Jun 2025 | monthly | Jan 2007 - Jun 2025 |
| Imports (NGN mn) | 4,384,900.258 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Total Trade (NGN mn) | 10,432,090.965 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Growth Rate: MoM (%) | -17.535 Sep 2024 | monthly | Jan 2019 - Sep 2024 |
| Exports: Crude Oil (NGN mn) | 3,905,247.850 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: Growth Rate: MoM (%) | -17.669 Sep 2024 | monthly | Jan 2019 - Sep 2024 |
| Exports: America: ow USA (NGN mn) | 201,983.472 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports (NGN mn) | 6,047,190.706 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: Europe: ow UK (NGN mn) | 180,704.134 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: Europe: ow Netherlands (NGN mn) | 261,930.167 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 53,170.162 2023 | yearly | 2003 - 2023 |
| Exports: Mineral Products (NGN mn) | 33,075,147.443 2023 | yearly | 2003 - 2023 |
| Exports: Vegetable Products (NGN mn) | 786,963.687 2023 | yearly | 2003 - 2023 |
| Imports: Europe: ow Germany (NGN mn) | 135,143.103 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Asia: ow China (NGN mn) | 1,298,198.961 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Imports: America: ow USA (NGN mn) | 446,388.165 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Europe: ow UK (NGN mn) | 134,085.602 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Europe: ow Netherlands (NGN mn) | 201,091.335 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Chemicals and Chemical Products (NGN mn) | 614,100.231 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 1,024,863.121 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Manufactured Goods (NGN mn) | 488,494.173 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Food and Live Animals (NGN mn) | 455,343.676 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Machinery and Transport Equipment (NGN mn) | 1,432,150.870 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Import Value Index (2015=100) | 116.198 2021 | yearly | 1980 - 2021 |
| Export Value Index (2015=100) | 93.461 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -551.1 Mar 2025 | quarterly | Mar 2008 - Mar 2025 |
| Current Account Balance (USD mn) | 3,726.7 Mar 2025 | quarterly | Mar 2014 - Mar 2025 |
| Current Account Balance: % of GDP (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Foreign Direct Investment (USD mn) | 246.9 Mar 2025 | quarterly | Mar 2014 - Mar 2025 |
| Foreign Direct Investment: % of GDP (%) | 0.4 Mar 2025 | quarterly | Mar 2010 - Mar 2025 |
| Foreign Portfolio Investment (USD mn) | -5,026.384 Mar 2025 | quarterly | Mar 2008 - Mar 2025 |
| Foreign Portfolio Investment: % of GDP (%) | -8.1 Mar 2025 | quarterly | Mar 2010 - Mar 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -133.9 Mar 2025 | quarterly | Mar 2008 - Mar 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -4,892.510 Mar 2025 | quarterly | Mar 2008 - Mar 2025 |
| External Debt (USD mn) | 46,983.4 Jun 2025 | quarterly | Dec 2006 - Jun 2025 |
| External Debt: % of GDP (%) | 18.6 2024 | yearly | 1985 - 2024 |
| External Debt: Short Term (USD mn) | 1,005.6 2020 | yearly | 2008 - 2020 |
| External Debt: Short Term: % of GDP (%) | 0.2 2020 | yearly | 2008 - 2020 |
| Forecast: Current Account Balance (USD bn) | 2.643 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | -68,555.096 2024 | yearly | 2005 - 2024 |
| External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
| External Debt: Government (USD mn) | 43,026.550 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| External Debt: Government: International Capital Market (USD mn) | 15,118.350 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| 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) | 27,684.996 Oct 2025 | monthly | Apr 1990 - Oct 2025 |
| Money Supply M2 (USD mn) | 83,749.939 Oct 2025 | monthly | Apr 1990 - Oct 2025 |
| M2 Growth (%) | 10.2 Oct 2025 | monthly | Apr 1991 - Oct 2025 |
| Reserve Requirement Ratio (%) | 45.0 Oct 2025 | monthly | Nov 2005 - Oct 2025 |
| Foreign Exchange Reserves (USD mn) | 38,880.0 Jan 2025 | monthly | Jan 1960 - Jan 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 16.359 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 10.9 Jan 2025 | monthly | Jan 2003 - Jan 2025 |
| Gold Reserves (USD mn) | 2,152.409 Mar 2025 | monthly | Dec 1950 - Mar 2025 |
| 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) | 69,798.2 Oct 2025 | monthly | Apr 1990 - Oct 2025 |
| Domestic Credit Growth (%) | -12.6 Oct 2025 | monthly | Apr 1991 - Oct 2025 |
| Private Debt: % of Nominal GDP (%) | 15.41 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 74,077,851.830 Jan 2025 | monthly | Nov 1992 - Jan 2025 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 36,894,418.660 Jan 2025 | monthly | Nov 1992 - Jan 2025 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 110,972,270.500 Jan 2025 | monthly | Nov 1992 - Jan 2025 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 32,659,076.490 Jan 2025 | monthly | Jan 1993 - Jan 2025 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Non Performing Loans to Gross Loans (%) | 4.140 Jun 2023 | semiannually | Dec 2003 - Jun 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 8.6 Nov 2025 | monthly | Jul 2015 - Nov 2025 |
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