Credit to Government and State-Owned Enterprises to GDP for Nigeria
DDEI08NGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.24
Year-over-Year Change
13.86%
Date Range
1/1/1980 - 1/1/2020
Summary
This economic trend measures the ratio of credit to the government and state-owned enterprises to Nigeria's GDP, providing insights into the country's fiscal health and public sector financing.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Credit to Government and State-Owned Enterprises to GDP for Nigeria metric tracks the level of credit extended to the public sector relative to the overall size of the Nigerian economy. This indicator is used by economists and policymakers to assess the government's reliance on financing and its potential impact on economic growth and stability.
Methodology
The data is collected and calculated by the World Bank based on information from national sources.
Historical Context
This trend is closely monitored by international financial institutions and investors to gauge Nigeria's fiscal policy and sovereign credit risk.
Key Facts
- Nigeria's credit to government and SOEs was 13.4% of GDP in 2020.
- This metric has fluctuated between 10-20% of GDP over the past decade.
- High levels of public sector credit can signal fiscal imbalances or crowding out of private investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of credit extended to the government and state-owned enterprises (SOEs) relative to Nigeria's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the government's reliance on financing and the potential impact on economic growth and stability, making it a key indicator for assessing Nigeria's fiscal policy and creditworthiness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information from national sources in Nigeria.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by international financial institutions and investors to gauge Nigeria's fiscal policy and sovereign credit risk, informing investment decisions and economic policy assessments.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and publication by national sources, and the metric may not capture all forms of government and SOE financing.
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Citation
U.S. Federal Reserve, Credit to Government and State-Owned Enterprises to GDP for Nigeria (DDEI08NGA156NWDB), retrieved from FRED.