Nigeria Consolidated Fiscal Balance

2005 - 2024 | Quarterly | USD mn | CEIC Data

Key information about Nigeria Consolidated Fiscal Balance

  • Nigeria Consolidated Fiscal Balance recorded a deficit equal to 3.274 USD bn in Jun 2024, compared with a deficit equal to 2.948 USD bn in the previous quarter.
  • Nigeria Consolidated Fiscal Balance data is updated quarterly, available from Mar 2005 to Jun 2024, with an average ratio of -2.132 USD bn.
  • The data reached an all-time high of 875.672 USD mn in Mar 2005 and a record low of -8.407 USD bn in Mar 2022.

CEIC converts quarterly Consolidated Fiscal Balance into USD. The Central Bank of Nigeria provides Consolidated Fiscal Balance in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.

View Nigeria's Consolidated Fiscal Balance from Mar 2005 to Jun 2024 in the chart:

Nigeria Consolidated Fiscal Balance

What was Nigeria's Consolidated Fiscal Balance in Jun 2024?

Nigeria Consolidated Fiscal Balance recorded a deficit equal to 3.274 USD bn in Jun 2024, compared with a deficit equal to 2.948 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-3,274.101 Jun 2024 -2,948.231 Mar 2024 -8,406.870 Mar 2022 875.672 Mar 2005 USD mn quarterly Mar 2005 - Jun 2024

Consolidated Fiscal Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 780.650 Sep 2024 monthly Dec 1997 - Sep 2024
Algeria (USD mn) -5,868.518 2022 yearly 1997 - 2022
Argentina (USD mn) 582.975 Sep 2024 monthly Jan 1993 - Sep 2024
Armenia (USD mn) -68.388 Aug 2024 monthly Jan 2008 - Aug 2024
Australia (USD mn) -4,711.083 Jun 2024 quarterly Sep 2002 - Jun 2024
Austria (USD mn) -4,733.947 Jun 2024 quarterly Mar 2001 - Jun 2024
Azerbaijan (USD mn) 1,507.471 Sep 2024 monthly Dec 2004 - Sep 2024
Bahrain (USD mn) -2,201.763 2023 yearly 1990 - 2023
Bangladesh (USD mn) -968.696 Jun 2024 monthly Jul 2008 - Jun 2024
Belarus (USD mn) 404.854 Sep 2021 quarterly Dec 2005 - Sep 2021
Belgium (USD mn) -28,081.402 2023 yearly 1970 - 2023
Bolivia (USD mn) -2,565.847 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 2.840 Jun 2024 quarterly Dec 2008 - Jun 2024
Botswana (USD mn) -37.355 Jun 2023 monthly Apr 2007 - Jun 2023
Brazil (USD mn) -14,207.851 Aug 2024 monthly Jan 1997 - Aug 2024
Brunei (USD mn) -1,794.468 2023 yearly 2003 - 2023
Bulgaria (%) -3.327 Jun 2024 quarterly Sep 2003 - Jun 2024
Cambodia (USD mn) -52.271 Jul 2024 monthly Jan 2007 - Jul 2024
Canada (USD mn) -1,864.518 Aug 2024 monthly May 1992 - Aug 2024
Chile (USD mn) -7,629.972 2023 yearly 1990 - 2023
China (USD mn) -178,038.440 Sep 2024 monthly Jan 1995 - Sep 2024
Colombia (USD mn) -11,124.180 Dec 2023 quarterly Mar 1995 - Dec 2023
Croatia (USD mn) -963.223 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (USD mn) -12.770 Sep 2024 monthly Jan 2014 - Sep 2024
Czech Republic (USD mn) -151.573 Jun 2024 quarterly Mar 1999 - Jun 2024
Denmark (USD mn) 4,208.851 Jun 2024 quarterly Mar 1999 - Jun 2024
Ecuador (USD mn) 1,157.610 Jun 2024 quarterly Mar 2000 - Jun 2024
Egypt (USD mn) -7,464.727 Sep 2024 monthly Jan 2005 - Sep 2024
Estonia (USD mn) -218.648 Jun 2024 quarterly Mar 1999 - Jun 2024
European Union (USD mn) -649,147.924 2023 yearly 1999 - 2023
Finland (USD mn) -2,155.263 Jun 2024 quarterly Mar 1999 - Jun 2024
France (USD mn) -44,599.528 Jun 2024 quarterly Mar 1957 - Jun 2024
Georgia (USD mn) 51.076 Sep 2024 monthly Jan 2006 - Sep 2024
Germany (USD mn) -16,035.289 Jun 2024 quarterly Mar 1991 - Jun 2024
Ghana (USD mn) -305.529 Jun 2024 monthly Jan 2008 - Jun 2024
Greece (USD mn) 2,932.536 Jun 2024 quarterly Mar 1999 - Jun 2024
Hong Kong SAR, China (USD mn) -5,408.484 Sep 2024 monthly Oct 1998 - Sep 2024
Hungary (USD mn) -1,288.723 Jun 2024 quarterly Mar 1999 - Jun 2024
Iceland (USD mn) -600.101 Jun 2024 quarterly Mar 2002 - Jun 2024
India (USD mn) 4,695.492 Sep 2024 monthly Apr 1997 - Sep 2024
Indonesia (USD mn) -3,821.269 Aug 2024 monthly Jan 2014 - Aug 2024
Iran (USD mn) -13,054.478 Mar 2020 quarterly Jun 2005 - Mar 2020
Ireland (USD mn) 4,026.316 Jun 2024 quarterly Mar 2000 - Jun 2024
Israel (USD mn) -2,359.349 Sep 2024 monthly Jan 1999 - Sep 2024
Italy (USD mn) -19,541.630 Jun 2024 quarterly Mar 1999 - Jun 2024
Ivory Coast (USD mn) -4,144.453 2023 yearly 1960 - 2023
Japan (USD mn) -331,330.503 2023 yearly 1995 - 2023
Jordan (USD mn) 418.759 2018 yearly 1999 - 2018
Kazakhstan (USD mn) 3,107.694 Aug 2024 monthly Nov 2007 - Aug 2024
Kenya (%) -3.022 Jun 2024 quarterly Dec 2009 - Jun 2024
South Korea (USD mn) 1,471.760 Aug 2024 monthly Jul 1999 - Aug 2024
Kosovo (USD mn) 49.040 Oct 2023 monthly Jan 2006 - Oct 2023
Kuwait (USD mn) -5,077.511 2023 yearly 1988 - 2023
Kyrgyzstan (USD mn) -17.609 Sep 2024 monthly Jan 2007 - Sep 2024
Laos (USD mn) 96.753 2023 yearly 2010 - 2023
Latvia (USD mn) 330.230 Jun 2024 quarterly Mar 1999 - Jun 2024
Lebanon (USD mn) 405.307 Dec 2021 monthly Jan 1998 - Dec 2021
Lithuania (USD mn) 283.110 Jun 2024 quarterly Mar 1999 - Jun 2024
Luxembourg (%) -0.696 2023 yearly 1995 - 2023
Macau SAR, China (%) 6.179 Jun 2024 quarterly Dec 2003 - Jun 2024
North Macedonia (USD mn) -685.568 2023 yearly 2009 - 2023
Malawi (USD mn) -108.094 Aug 2024 monthly Oct 2005 - Aug 2024
Malaysia (USD mn) -23,593.390 2023 yearly 1970 - 2023
Malta (USD mn) 59.396 Jun 2024 quarterly Mar 1999 - Jun 2024
Mauritius (%) -6.078 Mar 2024 quarterly Dec 2010 - Mar 2024
Mexico (USD mn) -229.524 Aug 2024 monthly Jan 1977 - Aug 2024
Moldova (USD mn) -857.246 2023 yearly 1998 - 2023
Mongolia (USD mn) -30.567 Sep 2024 monthly Jan 2000 - Sep 2024
Montenegro (USD mn) -7.595 Sep 2024 monthly Jan 2012 - Sep 2024
Morocco (USD mn) -2,736.874 Sep 2024 monthly Jan 2000 - Sep 2024
Mozambique (USD mn) 388.757 Dec 2016 quarterly Mar 2002 - Dec 2016
Myanmar (USD mn) -5,489.382 2021 yearly 1980 - 2021
Nepal (USD mn) -1,524.588 Jun 2024 quarterly Mar 2017 - Jun 2024
Netherlands (USD mn) 5,295.575 Jun 2024 quarterly Mar 1999 - Jun 2024
New Zealand (USD mn) 5,246.112 Sep 2024 quarterly Mar 1999 - Sep 2024
Nigeria (USD mn) -3,274.101 Jun 2024 quarterly Mar 2005 - Jun 2024
Norway (USD mn) 19,728.007 Jun 2024 quarterly Mar 2002 - Jun 2024
Oman (USD mn) 122.237 Aug 2024 monthly Jun 2003 - Aug 2024
Pakistan (USD mn) -13,794.405 2024 yearly 1991 - 2024
Palestinian Territory (USD mn) -619.800 2020 yearly 2010 - 2020
Panama (USD mn) -2,462.500 2023 yearly 2003 - 2023
Paraguay (USD mn) -22.438 Sep 2024 monthly Jan 2003 - Sep 2024
Peru (USD mn) -731.198 Jun 2024 quarterly Mar 1990 - Jun 2024
Philippines (USD mn) -4,873.545 Sep 2024 monthly Jan 1985 - Sep 2024
Poland (USD mn) -42,804.298 2023 yearly 1995 - 2023
Portugal (USD mn) 1,888.256 Jun 2024 quarterly Mar 1995 - Jun 2024
Qatar (USD mn) 705.220 Jun 2024 quarterly Mar 2011 - Jun 2024
Romania (%) -6.908 Jun 2024 quarterly Dec 2004 - Jun 2024
Russia (USD mn) 8,454.052 Aug 2024 monthly Jan 1993 - Aug 2024
Saudi Arabia (USD mn) -21,585.731 2023 yearly 1969 - 2023
Serbia (USD mn) 17.757 Sep 2024 monthly Jan 2005 - Sep 2024
Singapore (USD mn) 2,691.750 Sep 2024 monthly Apr 2011 - Sep 2024
Slovakia (USD mn) -789.561 Oct 2024 monthly Jan 2005 - Oct 2024
Slovenia (USD mn) 110.775 Aug 2024 monthly Jan 2000 - Aug 2024
South Africa (USD mn) -249.221 Sep 2024 monthly Jan 1990 - Sep 2024
Spain (USD mn) -29,928.234 Jun 2024 quarterly Mar 1995 - Jun 2024
Sri Lanka (%) -5.667 Jun 2024 quarterly Dec 2014 - Jun 2024
Sudan (USD mn) -196.813 2021 yearly 2001 - 2021
Sweden (USD mn) -3,650.675 2023 yearly 1995 - 2023
Switzerland (USD mn) 1,765.601 2023 yearly 1990 - 2023

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Consolidated Fiscal Balance (USD mn) -3,274.101 Jun 2024 quarterly Mar 2005 - Jun 2024
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 49.5 Mar 2024 quarterly Dec 2010 - Mar 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Balance (NGN bn) -4,533.420 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Capital (NGN bn) 250.290 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Recurrent (NGN bn) 6,152.970 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue (NGN bn) 6,285.040 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,733.500 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Revenue (NGN bn) 2,305.540 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure (NGN bn) 6,838.960 Jun 2024 quarterly Mar 2005 - Jun 2024
Government Debt: Domestic (NGN bn) 53,258.012 Dec 2023 quarterly Dec 2005 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 2,786.0 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports (USD mn) 4,913.5 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports Growth (%) 163.7 Jun 2024 monthly Jan 2004 - Jun 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 2,876.353 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 480.530 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 83.0 Jun 2024 monthly Jan 2004 - Jun 2024
Imports: Medicament (USD th) 755,360.705 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 508,406.689 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 658.371 Jun 2024 monthly Jan 2003 - Jun 2024
Total Imports from USA (USD mn) 177.707 Jun 2024 monthly Dec 2009 - Jun 2024
Total Exports to China (USD mn) 160.464 Jun 2024 monthly Jan 2007 - Jun 2024
Total Imports from China (USD mn) 737.510 Jun 2024 monthly Jan 2007 - Jun 2024
Exports: Crude Oil (NGN mn) 5,457,219.231 Jun 2024 monthly Jan 2003 - Jun 2024
Total Trade (NGN mn) 10,433,069.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Growth Rate: MoM (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Europe: ow Netherlands (NGN mn) 434,520.151 Jun 2024 monthly Jan 2003 - Jun 2024
Exports (NGN mn) 7,280,672.000 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Europe: ow UK (NGN mn) 4,761.874 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: America: ow USA (NGN mn) 975,552.174 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 89,695.701 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Europe: ow Germany (NGN mn) 91,725.002 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: America: ow USA (NGN mn) 263,320.371 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Europe: ow UK (NGN mn) 39,682.510 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Asia: ow China (NGN mn) 1,092,816.851 Jun 2024 monthly Jan 2007 - Jun 2024
Imports (NGN mn) 3,152,397.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 564,023.272 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Food and Live Animals (NGN mn) 464,465.517 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Manufactured Goods (NGN mn) 415,104.163 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Chemicals and Chemical Products (NGN mn) 531,688.790 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Machinery and Transport Equipment (NGN mn) 939,658.575 Jun 2024 monthly Jan 2003 - Jun 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 10.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 42,495.2 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: Government: International Capital Market (USD mn) 15,118.350 Mar 2024 quarterly Mar 2011 - Mar 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 21,896.535 Aug 2024 monthly Nov 1992 - Aug 2024
Money Supply M2 (USD mn) 67,150.889 Aug 2024 monthly Nov 1992 - Aug 2024
M2 Growth (%) 63.3 Aug 2024 monthly Nov 1993 - Aug 2024
Reserve Requirement Ratio (%) 50.0 Oct 2024 monthly Nov 2005 - Oct 2024
Foreign Exchange Reserves (USD mn) 34,762.2 Jun 2024 monthly Jan 1960 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 16.3 Jun 2024 monthly Jan 2003 - Jun 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 73,616.6 Sep 2024 monthly Nov 1992 - Sep 2024
Domestic Credit Growth (%) 33.3 Aug 2024 monthly Nov 1993 - Aug 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 26,891,229.280 Aug 2024 monthly Jan 1993 - Aug 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,232,284.010 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 34,949,935.480 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2 (NGN mn) 107,182,219.490 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 13.8 Sep 2024 monthly Jul 2015 - Sep 2024

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