Key information about Nigeria Consolidated Fiscal Balance: % of GDP

• Nigeria Consolidated Fiscal Balance recorded a deficit equal to 4.0 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.2 % in the previous quarter
• Nigeria Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2010 to Dec 2024, with an average ratio of -2.2 %
• The data reached an all-time high of -0.8 % in Mar 2015 and a record low of -5.1 % in Jun 2022

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quarterly Consolidated Fiscal Balance and quarterly Nominal GDP. The Central Bank of Nigeria provides Consolidated Fiscal Balance in local currency. The National Bureau of Statistics provides Nominal GDP in local currency, at basic prices.


Further information about Nigeria Consolidated Fiscal Balance: % of GDP

• In the latest reports, Nigeria National Government Debt reached 97.1 USD bn in Jun 2025
• Nigeria Nominal GDP reached 63.8 USD bn in Jun 2025

Nigeria recorded a Government Budget deficit equal to 6.10 percent of the country's Gross Domestic Product in 2023. This dataset provides - Nigeria Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Cash surplus/deficit (% of GDP) for Nigeria (CASHBLNGA188A) from 2004 to 2008 about Nigeria, cash, budget, and GDP.

Nigeria recorded a Current Account deficit of 0.50 percent of the country's Gross Domestic Product in 2024. This dataset provides - Nigeria Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria NG: Net Incurrence of Liabilities: Total: % of GDP data was reported at 1.424 % in 2013. This records an increase from the previous number of 1.344 % for 2012. Nigeria NG: Net Incurrence of Liabilities: Total: % of GDP data is updated yearly, averaging 1.344 % from Dec 2003 (Median) to 2013, with 11 observations. The data reached an all-time high of 2.407 % in 2009 and a record low of 0.398 % in 2004. Nigeria NG: Net Incurrence of Liabilities: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Weighted Average;

In 2023, agriculture contributed around 22.72 percent to Nigeria’s GDP, 32.58 percent came from industry, and 42.77 percent from the services sector. Economic sectors The most common breakdown of economic activity in a country is looking at three economic sectors: The primary sector, which involves agriculture, forestry, and fishing, the secondary sector, industry, that includes manufacturing, processing, or transforming goods, and finally, the tertiary sector, services, i.e. providing information or services to consumers, such as in IT, tourism, or banking. A country’s contribution to GDP, and thus its own economy, is easily visible when looking at the performance of these three sectors. Soaring services in NigeriaLike in most thriving economies nowadays, the services sector is gaining momentum in Nigeria, because more and more people are moving from the countryside to the cities to find jobs. Nigeria is a mixed economy which focuses mainly on telecommunications, financial services, and technology, a strategy that is likely to pay off in the future and will see its GDP soaring. Nigeria’s reliance on oil is also an important contributor to its economic success; between 2001 and 2010, it was one of the countries with the highest GDP growth worldwide. However, oil prices are also responsible for a GDP growth slump in 2016 and for the first trade deficit in over a decade.

Key information about Nigeria National Government Debt

• Nigeria National Government Debt reached 97.1 USD bn in Jun 2025, compared with 94.7 USD bn in the previous quarter.
• Nigeria National Government Debt data is updated quarterly, available from Dec 2006 to Jun 2025.
• The data reached an all-time high of 106.9 USD bn in Sep 2023 and a record low of 17.4 USD bn in Dec 2006.

CEIC calculates quarterly Government Debt as the sum of Domestic and External Government Debt and converts it into USD. Debt Management Office provides Domestic Government Debt in local currency and External Government Debt in USD. The Central Bank of Nigeria period end market exchange rate is used for currency conversions.


Related information about Nigeria National Government Debt

• In the latest reports, Nigeria Consolidated Fiscal Balance recorded a deficit equal to 4.0 % of its Nominal GDP in Dec 2024.
• The country's Government debt accounted for 37.5 % of its Nominal GDP in Jun 2025.
• Nigeria Nominal GDP reached 63.8 USD bn in Jun 2025.

Key information about Nigeria Current Account Balance

• Nigeria Current Account recorded a surplus of 3.7 USD bn in Mar 2025, compared with a surplus of 3.8 USD bn in the previous quarter.
• Nigeria Current Account Balance: USD mn data is updated quarterly, available from Mar 2014 to Mar 2025, with an averaged value of 0.0 USD mn.
• Foreign Direct Investment (FDI) increased by 246.9 USD mn in Mar 2025.
• Nigeria Direct Investment Abroad fell by 551.1 USD mn in Mar 2025.
• Its Foreign Portfolio Investment fell by 5.0 USD bn in Mar 2025.
• The country's Nominal GDP was reported at 63.8 USD bn in Jun 2025.