Nigeria Private Debt: % of Nominal GDP

2010 - 2024 | Quarterly | % | CEIC Data

Key information about Nigeria Private Debt: % of Nominal GDP

  • Nigeria Private Debt accounted for 20.83 % of its Nominal GDP in Jun 2024, compared with a ratio of 20.82 % in the previous quarter
  • Nigeria Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Dec 2010 to Jun 2024, with an average share of 12.17 %
  • The data reached an all-time high of 20.83 % in Jun 2024 and a record low of 10.03 % in Jun 2019

CEIC calculates quarterly Private Debt as % of Nominal GDP from quarterly Private Debt and quarterly Nominal GDP. The International Monetary Fund provides Private Debt in local currency. The National Bureau of Statistics provides Nominal GDP in local currency.

View Nigeria's Private Debt: % of Nominal GDP from Dec 2010 to Jun 2024 in the chart:

Nigeria Private Debt: % of Nominal GDP

What was Nigeria's Private Debt: % of Nominal GDP in Jun 2024?

Nigeria Private Debt accounted for 20.83 % of its Nominal GDP in Jun 2024, compared with a ratio of 20.82 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
20.83 Jun 2024 20.82 Mar 2024 10.03 Jun 2019 20.83 Jun 2024 % quarterly Dec 2010 - Jun 2024

Private Debt: % of Nominal GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 30.55 Jun 2024 quarterly Dec 2008 - Jun 2024
Algeria (%) 18.25 Mar 2024 quarterly Jun 2006 - Mar 2024
Argentina (%) 9.42 Jun 2024 quarterly Dec 2004 - Jun 2024
Armenia (%) 53.77 Sep 2024 quarterly Dec 2000 - Sep 2024
Australia (%) 125.30 Sep 2024 quarterly Mar 1990 - Sep 2024
Austria (%) 90.47 Sep 2024 quarterly Dec 1998 - Sep 2024
Azerbaijan (%) 22.79 Mar 2024 quarterly Dec 2001 - Mar 2024
Bahrain (%) 62.48 Sep 2023 quarterly Mar 2008 - Sep 2023
Bangladesh (%) 32.34 2024 yearly 1974 - 2024
Belarus (%) 20.72 Jun 2024 quarterly Dec 2006 - Jun 2024
Belgium (%) 68.30 Jun 2024 quarterly Mar 1999 - Jun 2024
Bolivia (%) 68.36 Jun 2024 quarterly Dec 1997 - Jun 2024
Bosnia and Herzegovina (%) 45.20 Jun 2024 quarterly Dec 2008 - Jun 2024
Botswana (%) 29.56 Jun 2024 quarterly Dec 2002 - Jun 2024
Brazil (%) 52.28 Sep 2024 quarterly Mar 2012 - Sep 2024
Brunei (%) 28.37 Jun 2024 quarterly Dec 2013 - Jun 2024
Bulgaria (%) 50.52 Sep 2024 quarterly Dec 2005 - Sep 2024
Cambodia (%) 111.76 2022 yearly 2008 - 2022
Canada (%) 211.55 Sep 2024 quarterly Mar 1969 - Sep 2024
Chile (%) 71.09 Sep 2024 quarterly Sep 2012 - Sep 2024
China (%) 200.56 Mar 2024 quarterly Dec 1992 - Mar 2024
Colombia (%) 41.16 Jun 2024 quarterly Dec 2005 - Jun 2024
Croatia (%) 46.81 Sep 2024 quarterly Dec 2008 - Sep 2024
Cyprus (%) 59.37 Sep 2024 quarterly Dec 2005 - Sep 2024
Czech Republic (%) 47.72 Sep 2024 quarterly Mar 1997 - Sep 2024
Denmark (%) 27.94 Sep 2024 quarterly Dec 2013 - Sep 2024
Ecuador (%) 54.45 Jun 2024 quarterly Mar 2004 - Jun 2024
Egypt (%) 25.73 Mar 2024 quarterly Jun 2002 - Mar 2024
Estonia (%) 59.05 Sep 2024 quarterly Mar 1997 - Sep 2024
European Union (%) 78.62 Sep 2024 quarterly Sep 1997 - Sep 2024
Finland (%) 91.50 Sep 2024 quarterly Sep 1997 - Sep 2024
France (%) 106.64 Sep 2024 quarterly Mar 1980 - Sep 2024
Georgia (%) 66.41 Jun 2024 quarterly Dec 1996 - Jun 2024
Germany (%) 74.62 Sep 2024 quarterly Dec 1991 - Sep 2024
Ghana (%) 9.91 Jun 2024 quarterly Dec 2013 - Jun 2024
Greece (%) 50.93 Sep 2024 quarterly Mar 2001 - Sep 2024
Hong Kong SAR, China (%) 199.08 Sep 2024 quarterly Dec 1973 - Sep 2024
Hungary (%) 53.67 Jun 2024 quarterly Dec 2015 - Jun 2024
Iceland (%) 91.74 Sep 2024 quarterly Dec 1995 - Sep 2024
India (%) 51.51 Mar 2022 quarterly Mar 1997 - Mar 2022
Indonesia (%) 30.33 Sep 2024 quarterly Mar 2002 - Sep 2024
Iran (%) 60.30 2016 yearly 1961 - 2016
Ireland (%) 25.76 Jun 2024 quarterly Mar 2003 - Jun 2024
Israel (%) 109.66 Jun 2024 quarterly Dec 1995 - Jun 2024
Italy (%) 59.03 Sep 2024 quarterly Jun 1998 - Sep 2024
Ivory Coast (%) 22.44 2023 yearly 2016 - 2023
Japan (%) 122.59 Mar 2024 quarterly Dec 2001 - Mar 2024
Jordan (%) 81.04 Jun 2024 quarterly Mar 2002 - Jun 2024
Kazakhstan (%) 24.88 Dec 2023 quarterly Mar 1996 - Dec 2023
Kenya (%) 28.54 Jun 2024 quarterly Dec 2009 - Jun 2024
South Korea (%) 162.16 Sep 2024 quarterly Mar 1991 - Sep 2024
Kosovo (%) 53.90 Sep 2024 quarterly Dec 2010 - Sep 2024
Kuwait (%) 104.60 Jun 2024 quarterly Dec 2010 - Jun 2024
Kyrgyzstan (%) 22.80 Sep 2024 quarterly Dec 2003 - Sep 2024
Laos (%) 56.65 2023 yearly 2012 - 2023
Latvia (%) 27.65 Jun 2024 quarterly Sep 2003 - Jun 2024
Lebanon (%) 102.16 2017 yearly 1988 - 2017
Lithuania (%) 35.27 Sep 2024 quarterly Mar 2004 - Sep 2024
Luxembourg (%) 89.97 Jun 2024 quarterly Mar 1999 - Jun 2024
Macau SAR, China (%) 131.51 Sep 2024 quarterly Dec 2001 - Sep 2024
North Macedonia (%) 53.12 Jun 2024 quarterly Mar 2003 - Jun 2024
Malawi (%) 8.35 2022 yearly 2017 - 2022
Malaysia (%) 115.78 Sep 2024 quarterly Dec 2001 - Sep 2024
Malta (%) 63.14 Sep 2024 quarterly Dec 2003 - Sep 2024
Mauritius (%) 64.74 Jun 2024 quarterly Dec 2001 - Jun 2024
Mexico (%) 20.20 Sep 2024 quarterly Mar 2004 - Sep 2024
Moldova (%) 22.93 Sep 2024 quarterly Mar 2000 - Sep 2024
Mongolia (%) 43.25 Sep 2024 quarterly Dec 2010 - Sep 2024
Montenegro (%) 45.02 Jun 2024 quarterly Dec 2010 - Jun 2024
Morocco (%) 55.86 Jun 2024 quarterly Dec 2007 - Jun 2024
Mozambique (%) 18.16 2023 yearly 2001 - 2023
Myanmar (%) 28.98 2020 yearly 1960 - 2020
Nepal (%) 74.92 2023 yearly 2003 - 2023
Netherlands (%) 81.59 Sep 2024 quarterly Dec 1995 - Sep 2024
New Zealand (%) 137.41 Jun 2024 quarterly Mar 1988 - Jun 2024
Nigeria (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Norway (%) 120.33 Sep 2024 quarterly Mar 1996 - Sep 2024
Oman (%) 48.74 Jun 2024 quarterly Dec 2005 - Jun 2024
Pakistan (%) 7.98 2024 yearly 2005 - 2024
Palestinian Territory (%) 64.07 Jun 2024 quarterly Dec 2013 - Jun 2024
Panama (%) 69.77 Sep 2024 quarterly Dec 2007 - Sep 2024
Paraguay (%) 40.92 Sep 2023 quarterly Dec 1994 - Sep 2023
Peru (%) 35.36 Jun 2024 quarterly Mar 1992 - Jun 2024
Philippines (%) 48.17 Sep 2024 quarterly Dec 2001 - Sep 2024
Poland (%) 33.84 Jun 2024 quarterly Dec 2009 - Jun 2024
Portugal (%) 72.87 Sep 2024 quarterly Dec 1995 - Sep 2024
Qatar (%) 112.28 Dec 2023 quarterly Dec 2011 - Dec 2023
Romania (%) 22.67 Sep 2024 quarterly Mar 2007 - Sep 2024
Russia (%) 56.28 Dec 2023 quarterly Sep 2002 - Dec 2023
Saudi Arabia (%) 65.19 Jun 2024 quarterly Dec 2003 - Jun 2024
Serbia (%) 32.96 Sep 2024 quarterly Mar 2004 - Sep 2024
Singapore (%) 127.40 Sep 2024 quarterly Mar 2004 - Sep 2024
Slovakia (%) 59.84 Jun 2024 quarterly Mar 2009 - Jun 2024
Slovenia (%) 36.33 Sep 2024 quarterly Dec 2004 - Sep 2024
South Africa (%) 66.59 Sep 2024 quarterly Mar 1965 - Sep 2024
Spain (%) 72.51 Sep 2024 quarterly Mar 2003 - Sep 2024
Sri Lanka (%) 25.02 Jun 2024 quarterly Dec 2010 - Jun 2024
Sudan (%) 5.64 2022 yearly 1960 - 2022
Sweden (%) 124.24 Sep 2024 quarterly Dec 1991 - Sep 2024
Switzerland (%) 165.18 Sep 2024 quarterly Dec 1996 - Sep 2024

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

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) 88,444.7 Jun 2024 quarterly Dec 2006 - Jun 2024
Government Debt: % of GDP (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 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
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 Expenditure (NGN bn) 6,838.960 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Revenue (NGN bn) 2,305.540 Jun 2024 quarterly Mar 2005 - Jun 2024
Government Debt: Domestic (NGN bn) 66,957.878 Jun 2024 quarterly Dec 2005 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024
Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024
Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024
Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 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: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 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) 42,901.0 Jun 2024 quarterly Dec 2006 - Jun 2024
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 Jun 2024 quarterly Mar 2011 - Jun 2024
External Debt: Government (USD mn) 42,901.010 Jun 2024 quarterly Dec 2006 - Jun 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 Nov 2024 monthly Nov 2005 - Nov 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) 10.7 Aug 2024 monthly Jan 2003 - Aug 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) 12.8 Oct 2024 monthly Jul 2015 - Oct 2024

More Indicators for Nigeria

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data