Public Debt in Nigeria
Public debt in Nigeria averaged 32.9% of GDP in the decade to 2024, above the average for Sub-Saharan Africa of 42.7% of GDP. Public debt in 2024 was 52.9% of GDP. For more information on public debt, visit our dedicated page.
Nigeria Public Debt Chart
Note: This chart displays Public Debt (% of GDP) for Nigeria from 2020 to 2024.
Source: Macrobond.
Nigeria Public Debt Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Public Debt (% of GDP) | 35.6 | 36.8 | 40.4 | 48.7 | 52.9 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nigerian public debt projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable public debt forecast available for Nigerian public debt.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nigerian public debt projections.
Want to get access to the full dataset of Nigerian public debt forecasts? Send an email to info@focus-economics.com.