Nigeria government debt to gdp

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

Nigeria government debt to gdp closed down 38.8 as of December 31, 2023 from 38 from the previous month and 20.6 from last year.


Nigeria government debt to gdp Analytics & Data




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Nigeria government debt to gdp closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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Nigeria government debt to gdp

Date Values
2023-12-31 38.8
2022-12-31 38
2021-12-31 36.5
2020-12-31 34.5
2019-12-31 29.1
2018-12-31 17.5
2017-12-31 18.2
2016-12-31 16.4
2015-12-31 13
2014-12-31 12.7
2013-12-31 12.7
2012-12-31 22.4
2011-12-31 20.6
2010-12-31 9.6
2009-12-31 8.6
2008-12-31 7.3
2007-12-31 8.1
2006-12-31 7.7
2005-12-31 18.9
2004-12-31 35.5
2003-12-31 42
2002-12-31 43.3
2001-12-31 53.1
2000-12-31 57.6

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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 88 UP UP 0 2023-12-31

Nigeria government debt to gdp Quantitative Analysis, Charts & Factors

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Nigeria government debt to gdp Historical Data

The MacroVar database offers free access to historical data for the Nigeria government debt to gdp, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Nigeria government debt to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Nigeria government debt to gdp

Nigeria's government debt to GDP ratio is a measure of the country's total debt as a percentage of its gross domestic product. A high debt to GDP ratio can indicate that a government is borrowing heavily to fund its operations, which could lead to financial instability and economic challenges in the future. It is important for the Nigerian government to carefully manage its debt levels to ensure that it does not become unsustainable and hinder economic growth. Monitoring and effectively managing the debt to GDP ratio is crucial for maintaining fiscal discipline and ensuring long-term economic stability.

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