Nigeria government debt to gdp

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Nigeria government debt to gdp: 38.8 (2.11%)
Last Update: January 31, 2023

Nigeria government debt to gdp closed down 38.8 as of January 31, 2023 from 38 from the previous month and 17.4 from last year.


Nigeria government debt to gdp Analytics & Data




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Nigeria government debt to gdp

Date Values
2023-01-31 38.8
2022-01-31 38
2021-01-31 36.5
2020-01-31 34.5
2019-01-31 29.2
2018-01-31 27.7
2017-01-31 25.3
2016-01-31 23.4
2015-01-31 20.3
2014-01-31 17.5
2013-01-31 18.3
2012-01-31 17.6
2011-01-31 17.4
2010-01-31 9.4
2009-01-31 8.6
2008-01-31 7.3
2007-01-31 8.1
2006-01-31 7.7
2005-01-31 18.9
2004-01-31 35.5


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Nigeria government debt to gdp Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
government debt to gdp ng.govdebtgdp 38.8 38 2 123 UP UP 0 2023-01-31

Nigeria government debt to gdp Factors

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What is the Nigeria government debt to gdp

Welcome to our webpage showcasing the Nigeria government debt to GDP data.

What is Nigeria government debt to GDP?

Nigeria government debt to GDP is a critical economic indicator that measures the ratio of a country's total debt to its gross domestic product (GDP). It is used to assess the sustainability and solvency of a nation's government finances. A higher ratio indicates a higher level of debt burden and potentially increased vulnerability.

Interpreting Nigeria government debt to GDP:

Analyzing the Nigeria government debt to GDP ratio provides valuable insights into the country's fiscal stability and economic health. Some key interpretations include:

1. Debt Sustainability: A lower government debt to GDP ratio generally indicates a well-managed fiscal policy and stronger economic fundamentals. It signifies that the government has better control over its debt obligations and is less likely to face financial crises.

2. Economic Stability: When the ratio is low or decreasing, it suggests that the government has more resources available for investment in public goods and services, fostering economic growth and stability.

3. Debt Burden: A high government debt to GDP ratio implies a heavy debt burden for the country. This may lead to increased interest payments, reduced public spending, and limited capacity for economic stimulus during times of recession.

4. Risk Assessment: Credit rating agencies and investors often consider the government debt to GDP ratio when evaluating a country's creditworthiness. A higher ratio may lead to lower credit ratings and higher borrowing costs for the government.

On our webpage, we provide users with current and historical data on Nigeria government debt to GDP. Users can explore this data through interactive charts and analytics, enabling them to track the trajectory of the ratio over time. Additionally, users can export the historical data for free, enabling further analysis and research.

To enhance the analysis process, our webpage also offers MacroVar signals, trends, and analysis, providing users with additional insights into the economic indicators and factors impacting Nigeria's government debt to GDP ratio.

We encourage you to explore the available data and utilize our tools to gain a comprehensive understanding of Nigeria's government debt to GDP and its implications for the economy.

Nigeria Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
NSE All Share ALLSHARE 71230.5 1 1 1.60129 74.6549 0.0025 0.00165 0.06098 0.61846
Nigeria ETF NGE 7.75 -0.5 -1 -1.59522 38.6064 0.0144 0.02513 -0.07468 0.053
Nigerian Naira US Dollar (NGN/USD) NGNUSD 788.33 0 1 1.11221 50.9669 0.00169 -0.00211 0.02176 0.78683
Nigeria 10-year bond yield NG.10Y 15.433 1 1 2.13446 67.3937 0.00823 0.03251 0.04944 0.07525
Nigeria 2-Year Bond Yield NG.2Y 15.147 0 0 0 0 0 0 0 0
Nigeria Yield Curve NG.YC 0.784 -1 -1 -3.5335 29.4427 -0.73442 -0.69706 -0.59017 -0.72179
Nigeria Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade ng.balanceoftrade 1741090 -653831 -366 -2746 UP UP 3 2023-07-31
business confidence ng.bizconfidence -15.2 -1.5 913 -152 Down Down 32 2020-12-01
capacity utilization ng.caputilization 54.9 56.4 -3 37 UP UP 0 2023-06-30
cash reserve ratio ng.cashreserveratio 45 45 0 38 UP UP 99 2024-02-29
composite pmi ng.comppmi 51 54.5 -6 14 UP UP 95 2024-02-29
consumer confidence ng.consconfidence -14.8 -21.2 -30 -1580 Down Down 0 2020-12-31
consumer price index cpi ng.cpi 681.4 660.8 3 32 UP UP 100 2024-02-29
core inflation rate ng.coreinflationrate 24.7 23.44 5 29 UP UP 77 2024-01-31
current account ng.currentaccount 3280 2870 14 -200 UP UP 23 2023-06-30
current account to gdp ng.currentaccountgdp -0.3 -0.5 -40 -110 Down Down 0 2023-01-31
deposit interest rate ng.depositrate 7.68 7.95 -3 69 UP UP 86 2023-06-30
exports ng.exports 3026630 1878040 61 44 UP UP 72 2023-02-28
external debt ng.externaldebt 41594.5 43159.2 -4 30 UP UP 0 2023-09-30
fiscal expenditure ng.fiscalexp 4040.18 4175.35 -3 90 UP UP 0 2023-09-30
foreign exchange reserves ng.fxreserves 33520 33370 0 -9 Down Down 43 2024-02-29
gdp ng.gdp 472.62 440.84 7 17 UP UP 0 2023-01-31
Real GDP ng.realgdp 21773300 19442300 12 11 UP UP 53 2023-12-31
gdp growth ng.gdpgrowth 12 9.7 24 -1600 UP UP 0 2023-12-31
gdp growth annual ng.gdpgrowthan 2.51 2.31 9 -169 Down UP 13 2023-09-30
gold reserves ng.goldres 21.37 21.46 0 0 Down Down 51 2021-06-30
government budget ng.govbudget -6.1 -5 22 336 Down Down 0 2024-01-31
Government budget ng.govbudgetvalue -2347.16 -2665.26 -12 88 Down Down 0 2023-09-30
government debt to gdp ng.govdebtgdp 38.8 38 2 123 UP UP 0 2023-01-31
government revenues ng.govrev 1693.02 1510.09 12 70 UP UP 0 2023-09-30
imports ng.imports 1285540 2531870 -49 -37 Down Down 3 2023-02-28
industrial production ng.indproduction -9.7 15.2 -164 31 Down Down 0 2023-06-30
interest rate ng.interestrate 18.75 18.5 1 34 UP UP 85 2023-07-25
lending rate ng.lendingrate 13.85 14.07 -2 14 UP UP 91 2023-06-30
manufacturing pmi ng.manpmi 42.8 49.4 -13 -16 Down Down 18 2023-06-30
money supply m0 ng.msm0 3693570 3650500 1 276 UP UP 100 2024-02-29
money supply m1 ng.msm1 30277200 31158900 -3 44 UP UP 90 2024-02-29
money supply m2 ng.msm2 93968500 92843000 1 78 UP UP 98 2024-02-29
services pmi ng.servpmi 51.1 52.7 -3 3 UP UP 60 2023-06-30
unemployment rate ng.unemploymentrate 5 4.2 19 -64 Down Down 0 2021-06-30
youth unemployment rate ng.ytunemploymentrate 8.6 7.2 19 -66 Down Down 0 2021-09-30