Nigeria: Fiscal balance, percent of GDP

The latest value from 2023 is -5.1 percent, an increase from -5.4 percent in 2022. In comparison, the world average is -2.78 percent, based on data from 138 countries. Historically, the average for Nigeria from 1990 to 2023 is -1.27 percent. The minimum value, -8.56 percent, was reached in 1993 while the maximum of 8.7 percent was recorded in 2006. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.