Nigeria: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Nigeria

Fiscal balance, percent of GDP

 Latest value -4.9
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average -1.14
 Min - Max -8.56 - 8.7
 Source African Development Bank
For that indicator, we provide data for Nigeria from 1990 to 2022. The average value for Nigeria during that period was -1.14 percent with a minimum of -8.56 percent in 1993 and a maximum of 8.7 percent in 2006. The latest value from 2022 is -4.9 percent. For comparison, the world average in 2022 based on 149 countries is -2.63 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Fiscal balance, percent of GDP - recent values

Historical chart
Nigeria - Fiscal balance, percent of GDP - historical chart - 1990-2022




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.


 Related indicators Latest value Reference Measure
 Fiscal balance, percent of GDP -4.90 2022 percent
 Government debt 22.85 2022 percent
 Government expenditure 2,316.32 Q3/2022 billion
 Commercial tax rate 34.80 2019 percent
 Tax preparation time 343 2019 hours
 Number of taxes 48 2019 taxes
 Foreign aid 3,357.19 2021 million U.S. dollars
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