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Nigeria External and Government Debt

Nigeria National Debt Data

Indicator Data Period
Government Debt to GDP 38 % 2022
External Debt 41695 USD Million | 41.695 B USD 4Q/22


Latest data on Government Debt to GDP (%)

Government Debt to GDP
                     Nigeria - Historical Data (%)

What is Nigeria Government Debt to GDP Ratio?

  • Government Debt to GDP in Nigeria increased to 38 % in 2022. The maximum level was 75 % and minimum was 7.3 %
  • Data published Yearly by Central Bank.

Historical Data (%) by years

Data
Period
Date
38 2022 17.04.2023
37 2021 28.06.2022
34.98 2020 15.02.2021
29.1 2019 02.12.2020
17.5 2018 29.10.2019
21.3 2017 12.04.2018
18.6 2016 11.08.2017


Historical Chart by presidents (%)

Government Debt to GDP in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Muhammadu Buhari 29.05.2015 - 18.6000 18.6000 18.6000 18.6000 0.00%


Latest data on External Debt (USD Million)

External Debt
                     Nigeria - Historical Data (USD Million)

What is external debt of Nigeria?

  • External Debt in Nigeria increased to 41695 USD Million (41.695 B USD) in the forth quarter of 2022. The maximum debt was 37268 USD Million and minimum was 3288 USD Million
  • Data published Quarterly by Central Bank.

Historical Data (USD Million) by years

Data
Period
Date
41695 4Q/22 06.05.2023
39662 3Q/22 17.12.2022
40065 2Q/22 15.10.2022
39969 1Q/22 18.06.2022
38391 4Q/21 19.03.2022
37955 3Q/21 22.01.2022
32860 1Q/21 19.06.2021
33348 4Q/20 20.03.2021


Historical Chart by presidents (USD Million)

External Debt in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Muhammadu Buhari 29.05.2015 - 13807.5900 18913.4400 18913.4400 13807.5900 36.98%

Other budget indicators in Nigeria

Index Updated Actual Previous
Fiscal Expenditure  4Q/22 4.904 B USD 6.043
Government Budget to GDP 2021 -4.1 % -4
Military Expenditure 2022 3.109 B USD 4.466

Government Debt to GDP in other countries

Country Updated Actual Previous
Egypt 2022 87.2 % 92
Kenya 2022 67.3 % 67.7
Madagascar 2021 36.2 % 38.1
Zimbabwe 2019 77.2 % 66.2
Tanzania 2022 40.13 % 37.3
Togo 2021 61 % 58.6
Tunisia 2021 80 % 87.6
Nigeria 2022 38 % 36.5
Sudan 2021 182 % 264
Morocco 2021 78.4 % 76.4
Senegal 2021 73 % 68.8
Seychelles 2022 65 % 74
South Africa 2022 67.4 % 69.9
Uganda 2021 45.5 % 41.1
Rwanda 2021 66.7 % 65.4
Liberia 2022 51.3 % 49.4
Zambia 2021 123 % 96
Mozambique 2022 101 % 130
Namibia 2022 68.9 % 67.2
Ghana 2022 88.8 % 79.6
Swaziland 2022 19.44 % 15.76
Libya 2020 155 % 110
Algeria 2022 52.4 % 62.8
Angola 2022 56.1 % 85
Benin 2021 47.2 % 46.1
Botswana 2022 26.1 % 25
Burkina Faso 2022 59.6 % 52.4
Burundi 2021 17.2 % 15.7
Central African Republic 2022 52.1 % 47.6
Chad 2022 44.7 % 56
Comoros 2021 31.7 % 26.1
Republic of the Congo 2021 85 % 102
Djibouti 2021 43.2 % 41
Equatorial Guinea 2022 27.1 % 42.6
Eritrea 2022 164 % 175
Ethiopia 2021 31.4 % 34.1
Gabon 2022 54 % 65.8
Gambia 2021 82.9 % 85
Guatemala 2021 29.95 % 31.12
Guinea 2021 43.3 % 43.4
Guinea Bissau 2021 41 % 39.6
Lesotho 2021 52.1 % 52.2
Malawi 2022 66.7 % 60.1
Mauritania 2021 44.2 % 50.4
Niger 2021 50.9 % 43.6
Sao Tome and Principe 2021 88 % 96.9
Sierra Leone 2021 75 % 71.9