Nigeria Forecast: Government Expenditure
1990 - 2029 | Yearly | NGN bn | International Monetary Fund
Key information about Nigeria Forecast: Government Expenditure
- Nigeria Government Expenditure is forecasted to be 54,685.162 NGN bn in Dec 2024 as reported by International Monetary Fund.
- It records an increase from the last reported number of 31,800.235 NGN bn in Dec 2023.
- Looking ahead, Nigeria Government Expenditure is projected to stand at 100,505.650 NGN bn in Dec 2029.
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: General Government Total Expenditure.
View Nigeria's Forecast: Government Expenditure from 1990 to 2029 in the chart:
What is Nigeria's Forecast: Government Expenditure in 2029?
Nigeria Government Expenditure is forecasted to be 54,685.162 NGN bn in Dec 2024 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 100,505.650 2029 | 86,228.305 2028 | 99.769 1990 | 100,505.650 2029 | NGN bn | yearly | 1990 - 2029 |
Forecast: Government Expenditure by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (AFA bn) | 229.209 2023 | yearly | 2002 - 2023 |
| Albania (ALL bn) | 1,027.504 2029 | yearly | 1997 - 2029 |
| Algeria (DZD bn) | 16,911.079 2029 | yearly | 1990 - 2029 |
| Andorra (%) | 36.271 2028 | yearly | 2001 - 2028 |
| Angola (AOA bn) | 30,579.806 2029 | yearly | 1996 - 2029 |
| Antigua and Barbuda (XCD bn) | 1.469 2029 | yearly | 1990 - 2029 |
| Argentina (ARS bn) | 740,993.414 2029 | yearly | 1993 - 2029 |
| Armenia (AMD bn) | 4,374.501 2029 | yearly | 2005 - 2029 |
| Aruba (%) | 21.292 2028 | yearly | 1995 - 2028 |
| Australia (AUD bn) | 1,268.078 2029 | yearly | 1988 - 2029 |
| Austria (EUR bn) | 308.609 2029 | yearly | 1988 - 2029 |
| Azerbaijan (AZN bn) | 46.605 2029 | yearly | 1994 - 2029 |
| Bahamas (BSD bn) | 3.693 2029 | yearly | 1990 - 2029 |
| Bahrain (BHD bn) | 5.683 2029 | yearly | 1990 - 2029 |
| Bangladesh (BDT bn) | 7,011.275 2024 | yearly | 1980 - 2024 |
| Barbados (BBD bn) | 4.732 2030 | yearly | 1995 - 2030 |
| Belarus (BYN bn) | 138.225 2029 | yearly | 2001 - 2029 |
| Belgium (EUR bn) | 400.202 2029 | yearly | 1980 - 2029 |
| Belize (BZD bn) | 1.937 2029 | yearly | 1996 - 2029 |
| Benin (XOF bn) | 3,898.638 2029 | yearly | 1989 - 2029 |
| Bhutan (BTN bn) | 141.129 2029 | yearly | 1981 - 2029 |
| Bolivia (BOB bn) | 154.661 2029 | yearly | 1984 - 2029 |
| Bosnia and Herzegovina (BAM bn) | 28.027 2029 | yearly | 1998 - 2029 |
| Botswana (BWP bn) | 117.247 2030 | yearly | 1981 - 2030 |
| Brazil (BRL bn) | 6,975.892 2029 | yearly | 2001 - 2029 |
| Brunei (BND bn) | 6.627 2029 | yearly | 1980 - 2029 |
| Bulgaria (BGN bn) | 97.888 2029 | yearly | 1998 - 2029 |
| Burkina Faso (XOF bn) | 5,183.536 2029 | yearly | 1985 - 2029 |
| Burundi (BIF bn) | 8,634.540 2029 | yearly | 1990 - 2029 |
| Cambodia (KHR bn) | 49,759.239 2029 | yearly | 1996 - 2029 |
| Cameroon (XAF bn) | 7,713.943 2029 | yearly | 2000 - 2029 |
| Canada (CAD bn) | 1,546.047 2029 | yearly | 1980 - 2029 |
| Cape Verde (CVE bn) | 97.798 2029 | yearly | 1994 - 2029 |
| Central African Republic (XAF bn) | 431.460 2029 | yearly | 1988 - 2029 |
| Chad (XAF bn) | 2,650.660 2029 | yearly | 1995 - 2029 |
| Chile (CLP bn) | 105,724.758 2029 | yearly | 1990 - 2029 |
| China (RMB bn) | 61,759.865 2029 | yearly | 1982 - 2029 |
| Colombia (COP bn) | 719,334.932 2029 | yearly | 1982 - 2029 |
| Comoros (KMF bn) | 162.544 2029 | yearly | 1984 - 2029 |
| Congo (XAF bn) | 2,406.260 2029 | yearly | 1989 - 2029 |
| Costa Rica (CRC bn) | 11,444.353 2029 | yearly | 1990 - 2029 |
| Croatia (EUR bn) | 49.722 2029 | yearly | 1992 - 2029 |
| Cyprus (EUR bn) | 17.597 2029 | yearly | 1995 - 2029 |
| Czech Republic (CZK bn) | 3,989.504 2029 | yearly | 1995 - 2029 |
| Democratic Republic of Congo (CDF bn) | 58,691.414 2029 | yearly | 1996 - 2029 |
| Denmark (DKK bn) | 1,663.394 2029 | yearly | 1980 - 2029 |
| Djibouti (DJF bn) | 212.245 2029 | yearly | 1990 - 2029 |
| Dominica (XCD bn) | 1.034 2029 | yearly | 1990 - 2029 |
| Dominican Republic (DOP bn) | 1,982.578 2029 | yearly | 1997 - 2029 |
| Ecuador (USD bn) | 51.430 2029 | yearly | 1995 - 2029 |
| Egypt (EGP bn) | 7,219.600 2029 | yearly | 1999 - 2029 |
| El Salvador (SVC bn) | 14.164 2029 | yearly | 1990 - 2029 |
| Equatorial Guinea (XAF bn) | 1,878.274 2029 | yearly | 1980 - 2029 |
| Eritrea (ERN bn) | 9.338 2019 | yearly | 1992 - 2019 |
| Estonia (EUR bn) | 21.897 2029 | yearly | 1995 - 2029 |
| Swaziland (SZL bn) | 38.780 2030 | yearly | 1981 - 2030 |
| Ethiopia (ETB bn) | 4,819.139 2029 | yearly | 1980 - 2029 |
| Fiji (FJD bn) | 5.348 2028 | yearly | 1992 - 2028 |
| Finland (EUR bn) | 185.332 2029 | yearly | 1980 - 2029 |
| France (EUR bn) | 1,934.691 2029 | yearly | 1980 - 2029 |
| Gabon (XAF bn) | 3,683.236 2029 | yearly | 1990 - 2029 |
| Gambia (GMD bn) | 56.764 2029 | yearly | 2000 - 2029 |
| Georgia (GEL bn) | 40.909 2029 | yearly | 1995 - 2029 |
| Germany (EUR bn) | 2,430.883 2029 | yearly | 1991 - 2029 |
| Ghana (GHS bn) | 408.854 2029 | yearly | 1980 - 2029 |
| Greece (EUR bn) | 126.705 2029 | yearly | 1980 - 2029 |
| Grenada (XCD bn) | 1.362 2029 | yearly | 1990 - 2029 |
| Guatemala (GTQ bn) | 192.425 2029 | yearly | 1995 - 2029 |
| Guinea (GNF bn) | 74,925.820 2029 | yearly | 1990 - 2029 |
| Guinea-Bissau (GWP bn) | 366.276 2029 | yearly | 1991 - 2029 |
| Guyana (GYD bn) | 1,506.994 2029 | yearly | 1997 - 2029 |
| Haiti (HTG bn) | 545.979 2029 | yearly | 1997 - 2029 |
| Honduras (HNL bn) | 363.532 2029 | yearly | 1990 - 2029 |
| Hong Kong SAR, China (HKD bn) | 865.064 2030 | yearly | 1982 - 2030 |
| Hungary (HUF bn) | 50,519.031 2029 | yearly | 1995 - 2029 |
| Iceland (ISK bn) | 2,558.091 2029 | yearly | 1980 - 2029 |
| India (INR bn) | 151,611.822 2030 | yearly | 1989 - 2030 |
| Indonesia (IDR bn) | 5,468,663.624 2029 | yearly | 1993 - 2029 |
| Iran (IRR bn) | 102,170,609.775 2030 | yearly | 1991 - 2030 |
| Iraq (IQD bn) | 204,643.953 2029 | yearly | 2004 - 2029 |
| Ireland (EUR bn) | 161.203 2029 | yearly | 1980 - 2029 |
| Israel (ILS bn) | 1,053.304 2029 | yearly | 2000 - 2029 |
| Italy (EUR bn) | 1,200.142 2029 | yearly | 1988 - 2029 |
| Ivory Coast (XOF bn) | 17,297.009 2029 | yearly | 1997 - 2029 |
| Jamaica (JMD bn) | 1,331.228 2030 | yearly | 1991 - 2030 |
| Japan (JPY bn) | 285,838.584 2029 | yearly | 1980 - 2029 |
| Jordan (JOD bn) | 14.085 2029 | yearly | 1985 - 2029 |
| Kazakhstan (KZT bn) | 45,053.221 2029 | yearly | 2002 - 2029 |
| Kenya (KES bn) | 6,278.921 2029 | yearly | 1982 - 2029 |
| Kiribati (AUD bn) | 0.615 2029 | yearly | 1990 - 2029 |
| South Korea (KRW bn) | 700,035.486 2029 | yearly | 1995 - 2029 |
| Kosovo (EUR bn) | 4.315 2029 | yearly | 2000 - 2029 |
| Kuwait (KWD bn) | 27.335 2029 | yearly | 1985 - 2029 |
| Kyrgyzstan (KGS bn) | 792.705 2029 | yearly | 1995 - 2029 |
| Laos (LAK bn) | 50,372.610 2022 | yearly | 2000 - 2022 |
| Latvia (EUR bn) | 22.508 2029 | yearly | 1998 - 2029 |
| Lebanon (LBP bn) | 277,571.056 2023 | yearly | 1990 - 2023 |
| Lesotho (LSL bn) | 34.905 2030 | yearly | 1983 - 2030 |
| Liberia (LRD bn) | 1.506 2029 | yearly | 2000 - 2029 |
| Libya (LYD bn) | 128.676 2029 | yearly | 1990 - 2029 |
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Learn more about what we doNigeria 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 Expenditure: Capital (NGN bn) | 250.290 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Balance (NGN bn) | -4,533.420 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 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 |
| 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 (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: Europe: ow Netherlands (NGN mn) | 434,520.151 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: Asia: ow China (NGN mn) | 1,092,816.851 Jun 2024 | monthly | Jan 2007 - 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: Chemicals and Chemical Products (NGN mn) | 531,688.790 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: Manufactured Goods (NGN mn) | 415,104.163 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 (NGN mn) | 3,152,397.822 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: International Capital Market (USD mn) | 15,118.350 Mar 2024 | quarterly | Mar 2011 - Mar 2024 |
| External Debt: Government (USD mn) | 42,495.160 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| 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: M1 (NGN mn) | 34,949,935.480 Aug 2024 | monthly | Nov 1992 - 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 (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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