Nigeria Government gross debt in Nigeria

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 32.3% 2027: 33.1% 2028: 32.5% 2029: 31.7% 2030: 30.9% 2031: 30.1%
46.1 (1999) ANUAL · % of GDP · Annual · CSV
Period% of GDP
Jan 1999 46.1
Jan 1998 15.8
Jan 1997 17.1
Jan 1996 17.9
Jan 1995 24.2
Jan 1994 39.7
Jan 1993 50.4
Jan 1992 49.8
Jan 1991 53.2
Jan 1990 50.9

About this indicator

Source
International Monetary Fund
Frequency
Annual
Release
Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.
What it is
Government gross debt measures the total outstanding liabilities of Nigeria's general government to its creditors. It is usually expressed as a share of GDP to gauge sustainability.
How it's calculated
It is compiled by adding the gross liabilities of general government (debt securities, loans and other liabilities). The reference figure comes from the IMF World Economic Outlook, is annual and is expressed as a percentage of GDP and in absolute naira terms.
Market implications
Although Nigeria's debt ratio looks contained, the burden of interest payments on a low revenue base is its real weak spot and hinges on oil prices. Markets and rating agencies watch debt-servicing costs and the pressure on the naira.
Limitations
It is a low-frequency figure of limited quality and subject to revision. The debt-to-GDP ratio can be misleading when revenue is low, and on its own it captures neither the interest burden nor foreign-currency exposure.