Net Lending/borrowing of General Government for Nigeria
NGAGGXCNLG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.53
Year-over-Year Change
86.33%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Lending/Borrowing of General Government for Nigeria measures the difference between government revenue and expenditure, indicating whether the government is a net lender or borrower.
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
This economic indicator provides insight into a country's fiscal position and financial health. It is closely watched by policymakers, analysts, and investors to assess a government's fiscal policy and sustainability.
Methodology
The data is compiled by the International Monetary Fund (IMF) based on government financial reports.
Historical Context
The Net Lending/Borrowing ratio is a key metric used to evaluate a country's fiscal policy and inform economic decision-making.
Key Facts
- Nigeria has run a fiscal deficit for most of the past decade.
- Deficits have been financed through both domestic and external borrowing.
- Improving the fiscal balance is a key priority for the Nigerian government.
FAQs
Q: What does this economic trend measure?
A: The Net Lending/Borrowing of General Government for Nigeria measures the difference between the government's total revenue and total expenditure, indicating whether the government is a net lender or borrower.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into a country's fiscal position and sustainability, which is crucial for policymakers, investors, and analysts assessing the health of the Nigerian economy.
Q: How is this data collected or calculated?
A: The data is compiled by the International Monetary Fund (IMF) based on government financial reports and national accounts.
Q: How is this trend used in economic policy?
A: The Net Lending/Borrowing ratio is a key metric used to evaluate a country's fiscal policy and inform economic decision-making, such as budget planning, debt management, and the implementation of fiscal reforms.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Net Lending/borrowing of General Government for Nigeria (NGAGGXCNLG01GDPPT), retrieved from FRED.