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 101.2 USD bn in Sep 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 (%) | -1.8 2025 | yearly | 1997 - 2025 |
| Algeria (%) | -2.6 2022 | yearly | 1994 - 2022 |
| Argentina (%) | 0.2 Dec 2025 | quarterly | Dec 2004 - Dec 2025 |
| Armenia (%) | -3.5 Dec 2025 | quarterly | Dec 2002 - Dec 2025 |
| Australia (%) | -3.1 Mar 2026 | quarterly | Jun 2003 - Mar 2026 |
| Austria (%) | -4.2 Dec 2025 | quarterly | Dec 2001 - Dec 2025 |
| Azerbaijan (%) | 0.4 Jun 2021 | monthly | Dec 2004 - Jun 2021 |
| Bahrain (%) | -4.8 2023 | yearly | 1998 - 2023 |
| Bangladesh (%) | -3.4 2025 | yearly | 2006 - 2025 |
| Belarus (%) | -0.4 Sep 2021 | quarterly | Sep 2006 - Sep 2021 |
| Belgium (%) | -4.4 2024 | yearly | 1970 - 2024 |
| Bolivia (%) | -11.2 2024 | yearly | 1990 - 2024 |
| Bosnia and Herzegovina (%) | 1.8 Sep 2025 | quarterly | Dec 2008 - Sep 2025 |
| Botswana (%) | -2.4 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Brazil (%) | -8.1 Mar 2026 | quarterly | Dec 1997 - Mar 2026 |
| Brunei (%) | -13.3 2024 | yearly | 1974 - 2024 |
| Bulgaria (%) | -3.0 Dec 2025 | quarterly | Sep 2003 - Dec 2025 |
| Cambodia (%) | -2.5 2024 | yearly | 2007 - 2024 |
| Canada (%) | -1.6 Mar 2026 | quarterly | Jun 1993 - Mar 2026 |
| Chile (%) | -2.7 2025 | yearly | 1990 - 2025 |
| China (%) | -5.1 Mar 2026 | quarterly | Dec 1995 - Mar 2026 |
| Colombia (%) | -8.7 Sep 2025 | quarterly | Dec 2000 - Sep 2025 |
| Croatia (%) | -2.4 2024 | yearly | 2002 - 2024 |
| Cyprus (%) | 3.4 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Czech Republic (%) | -2.1 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Denmark (%) | 2.9 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Ecuador (%) | -2.9 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Estonia (%) | -1.2 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| European Union (%) | -3.1 2025 | yearly | 1995 - 2025 |
| Finland (%) | -3.4 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| France (%) | -5.1 Mar 2026 | quarterly | Dec 1949 - Mar 2026 |
| Georgia (%) | -1.2 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| Germany (%) | -3.1 Mar 2026 | quarterly | Dec 1991 - Mar 2026 |
| Ghana (%) | -0.6 Dec 2025 | quarterly | Dec 2008 - Dec 2025 |
| Greece (%) | -1.3 Dec 2018 | monthly | Apr 1999 - Dec 2018 |
| Hong Kong SAR, China (%) | 0.3 Mar 2026 | quarterly | Mar 1997 - Mar 2026 |
| Hungary (%) | -4.7 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Iceland (%) | -4.2 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| India (%) | -4.5 Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Indonesia (%) | -3.4 Mar 2026 | quarterly | Dec 2014 - Mar 2026 |
| Iran (%) | -3.4 Mar 2021 | quarterly | Mar 2006 - Mar 2021 |
| Ireland (%) | 1.8 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Israel (%) | -4.2 Mar 2026 | quarterly | Dec 1999 - Mar 2026 |
| Italy (%) | -3.1 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Ivory Coast (%) | -4.0 2024 | yearly | 1960 - 2024 |
| Japan (%) | -4.6 2026 | yearly | 1996 - 2026 |
| Jordan (%) | 1.0 2018 | yearly | 1999 - 2018 |
| Kazakhstan (%) | 0.7 Mar 2026 | quarterly | Dec 2008 - Mar 2026 |
| Kenya (%) | -6.0 Sep 2025 | quarterly | Dec 2009 - Sep 2025 |
| South Korea (%) | -1.8 Dec 2025 | quarterly | Jun 2000 - Dec 2025 |
| Kosovo (%) | 0.2 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Kuwait (%) | -2.1 2024 | yearly | 1988 - 2024 |
| Kyrgyzstan (%) | 19.2 Jan 2026 | monthly | Jan 2007 - Jan 2026 |
| Laos (%) | 2.3 2024 | yearly | 2012 - 2024 |
| Latvia (%) | -2.5 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Lebanon (%) | 0.9 2021 | yearly | 1992 - 2021 |
| Lithuania (%) | -1.8 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Luxembourg (%) | -2.0 2025 | yearly | 1995 - 2025 |
| Macau SAR, China (%) | 7.9 Jun 2025 | quarterly | Dec 2003 - Jun 2025 |
| 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 (%) | -2.2 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Mauritius (%) | -7.8 Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| Mexico (%) | -4.0 Mar 2026 | quarterly | Dec 1980 - Mar 2026 |
| Moldova (%) | -3.9 2024 | yearly | 1998 - 2024 |
| Mongolia (%) | -2.3 Mar 2026 | quarterly | Dec 2000 - Mar 2026 |
| Montenegro (%) | -4.5 Mar 2026 | quarterly | Dec 2012 - Mar 2026 |
| Morocco (%) | -3.9 2024 | yearly | 1980 - 2024 |
| Mozambique (%) | -2.7 2016 | yearly | 1996 - 2016 |
| Myanmar (%) | -2.8 2023 | yearly | 1986 - 2023 |
| Nepal (%) | -10.0 2018 | yearly | 2012 - 2018 |
| Netherlands (%) | -1.4 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| New Zealand (%) | -1.2 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Nigeria (%) | -4.0 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Norway (%) | 10.4 Dec 2025 | quarterly | Dec 2002 - Dec 2025 |
| Oman (%) | 2.3 Sep 2023 | quarterly | Dec 2005 - Sep 2023 |
| Pakistan (%) | -2.6 2025 | yearly | 2000 - 2025 |
| Palestinian Territory (%) | 1.2 2024 | yearly | 2010 - 2024 |
| Panama (%) | -3.7 2025 | yearly | 2003 - 2025 |
| Paraguay (%) | -0.4 Dec 2025 | quarterly | Dec 2003 - Dec 2025 |
| Peru (%) | -2.4 Mar 2026 | quarterly | Dec 1990 - Mar 2026 |
| Philippines (%) | -5.2 Mar 2026 | quarterly | Dec 1985 - Mar 2026 |
| Poland (%) | -7.3 2025 | yearly | 1995 - 2025 |
| Portugal (%) | 0.7 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Qatar (%) | -2.7 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
| Romania (%) | -7.6 Dec 2025 | quarterly | Dec 2004 - Dec 2025 |
| Russia (%) | -3.9 Dec 2025 | quarterly | Dec 1993 - Dec 2025 |
| Saudi Arabia (%) | -2.8 2024 | yearly | 1969 - 2024 |
| Serbia (%) | -2.4 Dec 2025 | quarterly | Dec 2005 - Dec 2025 |
| Singapore (%) | 1.2 Mar 2026 | quarterly | Mar 2012 - Mar 2026 |
| Slovakia (%) | -6.2 2020 | yearly | 1995 - 2020 |
| Slovenia (%) | -2.5 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| South Africa (%) | -3.5 Dec 2025 | quarterly | Dec 1990 - Dec 2025 |
| Spain (%) | -2.4 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Sri Lanka (%) | -2.3 Dec 2025 | quarterly | Dec 2014 - Dec 2025 |
| Sudan (%) | -0.6 2021 | yearly | 2001 - 2021 |
| Sweden (%) | -1.3 2025 | yearly | 1995 - 2025 |
| Switzerland (%) | 0.5 2025 | yearly | 1990 - 2025 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doNigeria 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) | 107,935.8 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| Government Debt: % of GDP (%) | 35.9 Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| 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) | 80,488.865 Dec 2025 | quarterly | Dec 2005 - Dec 2025 |
| Gross Federation Account Revenue (NGN bn) | 11,925.570 Sep 2025 | quarterly | Mar 2005 - Sep 2025 |
| Federal Govt Expenditure: Capital (NGN bn) | 958.160 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Federal Govt Balance (NGN bn) | -3,084.970 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Federal Govt Revenue (NGN bn) | 2,519.820 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Federal Govt Expenditure (NGN bn) | 5,604.790 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 4,210.940 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Gross Federation Account Revenue: Oil (NGN bn) | 3,518.110 Sep 2025 | quarterly | Mar 2005 - Sep 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
| Trade Balance (USD mn) | 245.1 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Exports (USD mn) | 4,367.5 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Exports Growth (%) | -9.2 Dec 2025 | monthly | Jan 2004 - Dec 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 (%) | 9.9 Dec 2025 | monthly | Jan 2004 - Dec 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) | 162.467 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Imports from USA (USD mn) | 309.728 Dec 2025 | monthly | Dec 2009 - Dec 2025 |
| Total Exports to China (USD mn) | 157.315 Dec 2025 | monthly | Jan 2007 - Dec 2025 |
| Total Imports from China (USD mn) | 1,415.075 Dec 2025 | monthly | Jan 2007 - Dec 2025 |
| Exports: Mineral Products (NGN mn) | 73,459,088.314 2025 | yearly | 2003 - 2025 |
| Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 244,171.194 2025 | yearly | 2003 - 2025 |
| Exports: Vegetable Products (NGN mn) | 1,539,822.759 2025 | yearly | 2003 - 2025 |
| Exports: Europe: ow UK (NGN mn) | 47,516.769 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Exports: America: ow USA (NGN mn) | 235,634.548 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Exports (NGN mn) | 6,334,358.836 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Exports: Europe: ow Netherlands (NGN mn) | 663,947.498 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Manufactured Goods (NGN mn) | 621,984.130 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Food and Live Animals (NGN mn) | 850,483.714 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 1,191,103.588 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Machinery and Transport Equipment (NGN mn) | 1,929,321.105 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Chemicals and Chemical Products (NGN mn) | 999,721.947 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Europe: ow Netherlands (NGN mn) | 446,202.327 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Asia: ow China (NGN mn) | 2,052,359.077 Dec 2025 | monthly | Jan 2007 - Dec 2025 |
| Imports: America: ow USA (NGN mn) | 449,215.349 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Europe: ow Germany (NGN mn) | 145,581.678 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Europe: ow UK (NGN mn) | 302,058.111 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports (NGN mn) | 5,978,855.607 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Exports: Crude Oil (NGN mn) | 3,256,138.155 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Trade (NGN mn) | 12,313,214.443 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Growth Rate: MoM (%) | 14.404 Dec 2025 | monthly | Jan 2019 - Dec 2025 |
| Exports: Growth Rate: MoM (%) | 3.151 Dec 2025 | monthly | Jan 2019 - Dec 2025 |
| Export Value Index (2015=100) | 110.100 2023 | yearly | 1980 - 2023 |
| Import Value Index (2015=100) | 110.300 2023 | yearly | 1980 - 2023 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 673.0 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| Current Account Balance (USD mn) | 1,397.2 Dec 2025 | quarterly | Mar 2014 - Dec 2025 |
| Current Account Balance: % of GDP (%) | 1.6 Dec 2025 | quarterly | Mar 2014 - Dec 2025 |
| Foreign Direct Investment (USD mn) | 1,113.0 Dec 2025 | quarterly | Mar 2014 - Dec 2025 |
| Foreign Direct Investment: % of GDP (%) | 1.3 Dec 2025 | quarterly | Mar 2010 - Dec 2025 |
| Foreign Portfolio Investment (USD mn) | 5,270.221 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| Foreign Portfolio Investment: % of GDP (%) | 6.2 Dec 2025 | quarterly | Mar 2010 - Dec 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 325.0 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 4,945.254 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| External Debt (USD mn) | 51,856.0 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| 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) | -90,151.210 2025 | yearly | 2005 - 2025 |
| External Debt: Government (USD mn) | 51,856.030 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| External Debt: Government: International Capital Market (USD mn) | 18,547.470 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
| 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) | 31,836.736 Apr 2026 | monthly | Apr 1990 - Apr 2026 |
| Money Supply M2 (USD mn) | 90,928.666 Apr 2026 | monthly | Apr 1990 - Apr 2026 |
| M2 Growth (%) | 4.8 Apr 2026 | monthly | Apr 1991 - Apr 2026 |
| Reserve Requirement Ratio (%) | 45.0 May 2026 | monthly | Nov 2005 - May 2026 |
| Foreign Exchange Reserves (USD mn) | 45,752.8 Dec 2025 | monthly | Jan 1960 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 16.055 Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 11.1 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Gold Reserves (USD mn) | 2,978.457 Dec 2025 | monthly | Dec 1950 - Dec 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) | 87,442.3 Apr 2026 | monthly | Apr 1990 - Apr 2026 |
| Domestic Credit Growth (%) | 17.8 Apr 2026 | monthly | Apr 1991 - Apr 2026 |
| Private Debt: % of Nominal GDP (%) | 11.34 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 43,757,782.360 Apr 2026 | monthly | Apr 1990 - Apr 2026 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 81,218,495.040 Apr 2026 | monthly | Apr 1990 - Apr 2026 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 124,976,277.400 Apr 2026 | monthly | Apr 1990 - Apr 2026 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 40,249,851.860 Apr 2026 | monthly | Apr 1990 - Apr 2026 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Non Performing Loans to Gross Loans (%) | 5.760 Jun 2025 | semiannually | Dec 2003 - Jun 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -3.6 Apr 2026 | monthly | Jul 2015 - Apr 2026 |
More Indicators for Nigeria
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.