Nigeria Private Debt: % of Nominal GDP

2010 - 2024 | Quarterly | % | CEIC Data

Key information about Nigeria Private Debt: % of Nominal GDP

  • Nigeria Private Debt accounted for 15.41 % of its Nominal GDP in Jun 2024, compared with a ratio of 15.47 % in the previous quarter
  • Nigeria Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Dec 2010 to Jun 2024, with an average share of 13.09 %
  • The data reached an all-time high of 15.47 % in Mar 2024 and a record low of 10.03 % in Jun 2019

CEIC calculates quarterly Private Debt as % of Nominal GDP from quarterly Private Debt and quarterly Nominal GDP. The International Monetary Fund provides Private Debt in local currency. The National Bureau of Statistics provides Nominal GDP in local currency.

View Nigeria's Private Debt: % of Nominal GDP from Dec 2010 to Jun 2024 in the chart:

Nigeria Private Debt: % of Nominal GDP

What was Nigeria's Private Debt: % of Nominal GDP in Jun 2024?

Nigeria Private Debt accounted for 15.41 % of its Nominal GDP in Jun 2024, compared with a ratio of 15.47 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
15.41 Jun 2024 15.47 Mar 2024 10.03 Jun 2019 15.47 Mar 2024 % quarterly Dec 2010 - Jun 2024

Private Debt: % of Nominal GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 32.98 Sep 2025 quarterly Dec 2002 - Sep 2025
Algeria (%) 18.54 Dec 2024 quarterly Jun 2006 - Dec 2024
Argentina (%) 13.08 Jun 2025 quarterly Dec 2004 - Jun 2025
Armenia (%) 63.28 Dec 2025 quarterly Dec 2000 - Dec 2025
Australia (%) 129.18 Dec 2025 quarterly Mar 1990 - Dec 2025
Austria (%) 85.81 Dec 2025 quarterly Dec 1998 - Dec 2025
Azerbaijan (%) 25.34 Sep 2025 quarterly Dec 2001 - Sep 2025
Bahrain (%) 62.48 Sep 2023 quarterly Mar 2008 - Sep 2023
Bangladesh (%) 31.52 2025 yearly 1974 - 2025
Belarus (%) 19.84 Sep 2025 quarterly Dec 2006 - Sep 2025
Belgium (%) 65.83 Dec 2025 quarterly Mar 1999 - Dec 2025
Bolivia (%) 68.67 Dec 2024 quarterly Dec 1997 - Dec 2024
Bosnia and Herzegovina (%) 45.56 Sep 2025 quarterly Dec 2008 - Sep 2025
Botswana (%) 31.99 Sep 2025 quarterly Dec 2002 - Sep 2025
Brazil (%) 53.75 Dec 2025 quarterly Mar 2012 - Dec 2025
Brunei (%) 28.98 Sep 2025 quarterly Dec 2013 - Sep 2025
Bulgaria (%) 52.42 Sep 2025 quarterly Dec 2005 - Sep 2025
Cambodia (%) 122.61 2023 yearly 2010 - 2023
Canada (%) 209.76 Dec 2025 quarterly Mar 1969 - Dec 2025
Chile (%) 67.17 Sep 2025 quarterly Mar 2012 - Sep 2025
China (%) 198.85 Sep 2025 quarterly Dec 1992 - Sep 2025
Colombia (%) 38.61 Sep 2025 quarterly Dec 2005 - Sep 2025
Croatia (%) 49.20 Dec 2025 quarterly Dec 2008 - Dec 2025
Cyprus (%) 54.24 Dec 2025 quarterly Dec 2005 - Dec 2025
Czech Republic (%) 47.80 Dec 2025 quarterly Mar 1997 - Dec 2025
Denmark (%) 28.79 Dec 2025 quarterly Dec 2013 - Dec 2025
Ecuador (%) 55.98 Sep 2025 quarterly Mar 2004 - Sep 2025
Egypt (%) 24.69 Jun 2025 quarterly Jun 2002 - Jun 2025
Estonia (%) 63.00 Dec 2025 quarterly Mar 1997 - Dec 2025
European Union (%) 76.73 Dec 2025 quarterly Sep 1997 - Dec 2025
Finland (%) 90.00 Dec 2025 quarterly Sep 1997 - Dec 2025
France (%) 105.79 Dec 2025 quarterly Mar 1980 - Dec 2025
Georgia (%) 64.99 Sep 2025 quarterly Dec 1996 - Sep 2025
Germany (%) 72.66 Dec 2025 quarterly Dec 1991 - Dec 2025
Ghana (%) 6.78 Mar 2025 quarterly Dec 2006 - Mar 2025
Greece (%) 52.22 Dec 2025 quarterly Mar 2001 - Dec 2025
Hong Kong SAR, China (%) 187.31 Dec 2025 quarterly Dec 1973 - Dec 2025
Hungary (%) 54.86 Dec 2025 quarterly Dec 2015 - Dec 2025
Iceland (%) 88.11 Dec 2025 quarterly Dec 1995 - Dec 2025
India (%) 51.51 Mar 2022 quarterly Mar 1997 - Mar 2022
Indonesia (%) 30.71 Dec 2025 quarterly Mar 2002 - Dec 2025
Iran (%) 57.83 2016 yearly 1961 - 2016
Ireland (%) 22.06 Sep 2025 quarterly Mar 2003 - Sep 2025
Israel (%) 113.24 Sep 2025 quarterly Dec 1995 - Sep 2025
Italy (%) 57.20 Dec 2025 quarterly Jun 1998 - Dec 2025
Ivory Coast (%) 22.54 2024 yearly 2016 - 2024
Japan (%) 114.66 Sep 2025 quarterly Dec 2001 - Sep 2025
Jordan (%) 70.82 Sep 2025 quarterly Mar 2002 - Sep 2025
Kazakhstan (%) 27.29 Sep 2025 quarterly Mar 1996 - Sep 2025
Kenya (%) 27.48 Jun 2025 quarterly Dec 2009 - Jun 2025
South Korea (%) 140.77 Dec 2025 quarterly Mar 1991 - Dec 2025
Kosovo (%) 59.07 Sep 2025 quarterly Dec 2010 - Sep 2025
Kuwait (%) 104.26 Sep 2025 quarterly Dec 2010 - Sep 2025
Kyrgyzstan (%) 26.31 Dec 2025 quarterly Dec 2003 - Dec 2025
Laos (%) 56.96 2024 yearly 2012 - 2024
Latvia (%) 30.61 Dec 2025 quarterly Sep 2003 - Dec 2025
Lebanon (%) 102.16 2017 yearly 1988 - 2017
Lithuania (%) 38.82 Dec 2025 quarterly Mar 2004 - Dec 2025
Luxembourg (%) 80.83 Sep 2025 quarterly Mar 1999 - Sep 2025
Macau SAR, China (%) 120.62 Dec 2025 quarterly Dec 2001 - Dec 2025
North Macedonia (%) 52.65 Dec 2025 quarterly Mar 2003 - Dec 2025
Malawi (%) 7.49 2023 yearly 2017 - 2023
Malaysia (%) 117.90 Dec 2025 quarterly Dec 2001 - Dec 2025
Malta (%) 63.79 Dec 2025 quarterly Dec 2003 - Dec 2025
Mauritius (%) 70.09 Jun 2025 quarterly Dec 2001 - Jun 2025
Mexico (%) 21.17 Dec 2025 quarterly Mar 2004 - Dec 2025
Moldova (%) 27.01 Jun 2025 quarterly Mar 2000 - Jun 2025
Mongolia (%) 47.99 Dec 2025 quarterly Dec 2010 - Dec 2025
Montenegro (%) 50.62 Dec 2025 quarterly Mar 2007 - Dec 2025
Morocco (%) 51.64 Sep 2025 quarterly Dec 2007 - Sep 2025
Mozambique (%) 16.84 2024 yearly 2001 - 2024
Myanmar (%) 28.98 2020 yearly 1960 - 2020
Nepal (%) 74.44 2024 yearly 2003 - 2024
Netherlands (%) 81.52 Dec 2025 quarterly Dec 1995 - Dec 2025
New Zealand (%) 136.73 Sep 2025 quarterly Mar 1988 - Sep 2025
Nigeria (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Norway (%) 118.12 Dec 2025 quarterly Mar 1996 - Dec 2025
Oman (%) 52.57 Sep 2025 quarterly Dec 2005 - Sep 2025
Pakistan (%) 9.55 2024 yearly 2005 - 2024
Palestinian Territory (%) 55.05 Sep 2025 quarterly Dec 2013 - Sep 2025
Panama (%) 68.25 Jun 2025 quarterly Dec 2007 - Jun 2025
Paraguay (%) 40.85 Sep 2023 quarterly Dec 1994 - Sep 2023
Peru (%) 31.68 Dec 2025 quarterly Mar 1992 - Dec 2025
Philippines (%) 52.10 Dec 2025 quarterly Dec 2001 - Dec 2025
Poland (%) 32.90 Dec 2025 quarterly Dec 2009 - Dec 2025
Portugal (%) 71.30 Dec 2025 quarterly Dec 1995 - Dec 2025
Qatar (%) 117.34 Sep 2025 quarterly Dec 2011 - Sep 2025
Romania (%) 22.06 Dec 2025 quarterly Mar 2007 - Dec 2025
Russia (%) 54.92 Dec 2023 quarterly Sep 2002 - Dec 2023
Saudi Arabia (%) 65.08 Dec 2025 quarterly Dec 2003 - Dec 2025
Serbia (%) 35.36 Dec 2025 quarterly Mar 2004 - Dec 2025
Singapore (%) 127.25 Dec 2025 quarterly Mar 2004 - Dec 2025
Slovakia (%) 60.42 Dec 2025 quarterly Mar 2009 - Dec 2025
Slovenia (%) 36.03 Dec 2025 quarterly Dec 2004 - Dec 2025
South Africa (%) 68.55 Dec 2025 quarterly Mar 1965 - Dec 2025
Spain (%) 70.31 Dec 2025 quarterly Mar 2003 - Dec 2025
Sri Lanka (%) 26.04 Dec 2024 quarterly Dec 2010 - Dec 2024
Sudan (%) 5.64 2022 yearly 1960 - 2022
Sweden (%) 124.09 Dec 2025 quarterly Dec 1991 - Dec 2025
Switzerland (%) 160.61 Dec 2025 quarterly Dec 1996 - Dec 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) 101,223.7 Sep 2025 quarterly Dec 2006 - Sep 2025
Government Debt: % of GDP (%) 36.2 Sep 2025 quarterly Dec 2010 - Sep 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
Gross Federation Account Revenue (NGN bn) 11,925.570 Sep 2025 quarterly Mar 2005 - Sep 2025
Gross Federation Account Revenue: Oil (NGN bn) 3,518.110 Sep 2025 quarterly Mar 2005 - Sep 2025
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 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) 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: 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: Europe: ow Netherlands (NGN mn) 663,947.498 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 UK (NGN mn) 47,516.769 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: Chemicals and Chemical Products (NGN mn) 999,721.947 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: Machinery and Transport Equipment (NGN mn) 1,929,321.105 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow Netherlands (NGN mn) 446,202.327 Dec 2025 monthly Jan 2003 - 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: Asia: ow China (NGN mn) 2,052,359.077 Dec 2025 monthly Jan 2007 - 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) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -164.4 Sep 2025 quarterly Mar 2008 - Sep 2025
Current Account Balance (USD mn) 3,416.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Current Account Balance: % of GDP (%) 4.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Foreign Direct Investment (USD mn) 718.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Foreign Direct Investment: % of GDP (%) 1.0 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment (USD mn) 2,512.415 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.4 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 402.5 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 2,109.957 Sep 2025 quarterly Mar 2008 - Sep 2025
External Debt (USD mn) 48,462.9 Sep 2025 quarterly Dec 2006 - Sep 2025
External Debt: % of GDP (%) 11.9 2024 yearly 1985 - 2024
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) 5.732 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,546.495 2024 yearly 2005 - 2024
External Debt: Government (USD mn) 48,462.930 Sep 2025 quarterly Dec 2006 - Sep 2025
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
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) 30,541.947 Jan 2026 monthly Apr 1990 - Jan 2026
Money Supply M2 (USD mn) 88,997.123 Jan 2026 monthly Apr 1990 - Jan 2026
M2 Growth (%) 11.0 Jan 2026 monthly Apr 1991 - Jan 2026
Reserve Requirement Ratio (%) 45.0 Jan 2026 monthly Nov 2005 - Jan 2026
Foreign Exchange Reserves (USD mn) 42,772.1 Sep 2025 monthly Jan 1960 - Sep 2025
Foreign Exchange Reserves: % of GDP (%) 16.154 Sep 2025 quarterly Dec 2010 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 12.7 Sep 2025 monthly Jan 2003 - Sep 2025
Gold Reserves (USD mn) 2,660.953 Sep 2025 monthly Dec 1950 - Sep 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) 78,949.7 Jan 2026 monthly Apr 1990 - Jan 2026
Domestic Credit Growth (%) 6.9 Jan 2026 monthly Apr 1991 - Jan 2026
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 35,990,427.220 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M2: M1 (NGN mn) 42,332,762.940 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 81,021,983.730 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M2 (NGN mn) 123,354,746.700 Jan 2026 monthly Apr 1990 - Jan 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) 12.0 Jan 2026 monthly Jul 2015 - Jan 2026

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