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