Central government debt, total (% of GDP) for Nigeria
DEBTTLNGA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.50
Year-over-Year Change
-75.49%
Date Range
1/1/2003 - 1/1/2013
Summary
This economic trend measures the total central government debt as a percentage of Nigeria's GDP. It is a key indicator of a country's fiscal health and debt sustainability.
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 central government debt to GDP ratio tracks the total outstanding debt owed by the Nigerian federal government as a share of the country's total economic output. It is widely used by economists and policymakers to assess a government's ability to meet its debt obligations.
Methodology
The data is compiled by the World Bank using official government finance statistics.
Historical Context
This metric helps inform fiscal and monetary policy decisions in Nigeria and is closely monitored by international investors and institutions.
Key Facts
- Nigeria's central government debt was 35.1% of GDP in 2021.
- The debt ratio has increased from 17.4% in 2015 to over 35% in recent years.
- High debt levels can constrain a government's ability to respond to economic shocks.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total outstanding debt owed by the Nigerian federal government as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The central government debt to GDP ratio is a key indicator of a country's fiscal health and debt sustainability, helping inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank using official government finance statistics.
Q: How is this trend used in economic policy?
A: This metric helps policymakers in Nigeria assess the government's ability to meet its debt obligations and informs fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture recent economic developments.
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Citation
U.S. Federal Reserve, Central government debt, total (% of GDP) for Nigeria (DEBTTLNGA188A), retrieved from FRED.