Nigeria: Primary budget balance

The latest value from 2024 is 0.9 percent, an increase from -0.28 percent in 2023. In comparison, the world average is -1.04 percent, based on data from 179 countries. Historically, the average for Nigeria from 1990 to 2024 is 0.83 percent. The minimum value, -3.32 percent, was reached in 2009 while the maximum of 6.7 percent was recorded in 2006. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The difference between a government's total revenue and its total expenditure, excluding interest payments on its outstanding debt. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.