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 15.41 % of its Nominal GDP in Jun 2024, compared with a ratio of 15.47 % 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 13.09 %
- The data reached an all-time high of 15.47 % in Mar 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:
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What was Nigeria's Private Debt: % of Nominal GDP in Jun 2024?
Nigeria Private Debt accounted for 15.41 % of its Nominal GDP in Jun 2024, compared with a ratio of 15.47 % in the previous quarter See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 15.41Jun 2024 | 15.47Mar 2024 | 10.03Jun 2019 | 15.47Mar 2024 | % | quarterly | Dec 2010 - Jun 2024 |
Private Debt: % of Nominal GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 32.98Sep 2025 | quarterly | Dec 2002 - Sep 2025 |
| Algeria (%) | 18.54Dec 2024 | quarterly | Jun 2006 - Dec 2024 |
| Argentina (%) | 13.08Jun 2025 | quarterly | Dec 2004 - Jun 2025 |
| Armenia (%) | 62.22Sep 2025 | quarterly | Dec 2000 - Sep 2025 |
| Australia (%) | 128.38Sep 2025 | quarterly | Mar 1990 - Sep 2025 |
| Austria (%) | 86.22Sep 2025 | quarterly | Dec 1998 - Sep 2025 |
| Azerbaijan (%) | 25.34Sep 2025 | quarterly | Dec 2001 - Sep 2025 |
| Bahrain (%) | 62.48Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Bangladesh (%) | 31.312025 | yearly | 1974 - 2025 |
| Belarus (%) | 19.84Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Belgium (%) | 65.45Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Bolivia (%) | 68.67Dec 2024 | quarterly | Dec 1997 - Dec 2024 |
| Bosnia and Herzegovina (%) | 45.56Sep 2025 | quarterly | Dec 2008 - Sep 2025 |
| Botswana (%) | 31.99Sep 2025 | quarterly | Dec 2002 - Sep 2025 |
| Brazil (%) | 53.71Dec 2025 | quarterly | Mar 2012 - Dec 2025 |
| Brunei (%) | 28.98Sep 2025 | quarterly | Dec 2013 - Sep 2025 |
| Bulgaria (%) | 52.42Sep 2025 | quarterly | Dec 2005 - Sep 2025 |
| Cambodia (%) | 122.612023 | yearly | 2010 - 2023 |
| Canada (%) | 209.75Sep 2025 | quarterly | Mar 1969 - Sep 2025 |
| Chile (%) | 67.17Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| China (%) | 198.85Sep 2025 | quarterly | Dec 1992 - Sep 2025 |
| Colombia (%) | 38.98Jun 2025 | quarterly | Dec 2005 - Jun 2025 |
| Croatia (%) | 49.26Jun 2025 | quarterly | Dec 2008 - Jun 2025 |
| Cyprus (%) | 55.06Sep 2025 | quarterly | Dec 2005 - Sep 2025 |
| Czech Republic (%) | 47.53Sep 2025 | quarterly | Mar 1997 - Sep 2025 |
| Denmark (%) | 28.21Sep 2025 | quarterly | Dec 2013 - Sep 2025 |
| Ecuador (%) | 55.98Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Egypt (%) | 24.69Jun 2025 | quarterly | Jun 2002 - Jun 2025 |
| Estonia (%) | 62.22Sep 2025 | quarterly | Mar 1997 - Sep 2025 |
| European Union (%) | 77.01Sep 2025 | quarterly | Sep 1997 - Sep 2025 |
| Finland (%) | 90.26Sep 2025 | quarterly | Sep 1997 - Sep 2025 |
| France (%) | 105.87Dec 2025 | quarterly | Mar 1980 - Dec 2025 |
| Georgia (%) | 64.99Sep 2025 | quarterly | Dec 1996 - Sep 2025 |
| Germany (%) | 72.67Dec 2025 | quarterly | Dec 1991 - Dec 2025 |
| Ghana (%) | 6.78Mar 2025 | quarterly | Dec 2006 - Mar 2025 |
| Greece (%) | 51.53Jun 2025 | quarterly | Mar 2001 - Jun 2025 |
| Hong Kong SAR, China (%) | 190.47Sep 2025 | quarterly | Dec 1973 - Sep 2025 |
| Hungary (%) | 54.27Sep 2025 | quarterly | Dec 2015 - Sep 2025 |
| Iceland (%) | 88.68Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| India (%) | 51.51Mar 2022 | quarterly | Mar 1997 - Mar 2022 |
| Indonesia (%) | 30.71Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| Iran (%) | 57.832016 | yearly | 1961 - 2016 |
| Ireland (%) | 22.06Sep 2025 | quarterly | Mar 2003 - Sep 2025 |
| Israel (%) | 113.63Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Italy (%) | 57.24Sep 2025 | quarterly | Jun 1998 - Sep 2025 |
| Ivory Coast (%) | 22.542024 | yearly | 2016 - 2024 |
| Japan (%) | 114.70Sep 2025 | quarterly | Dec 2001 - Sep 2025 |
| Jordan (%) | 70.82Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Kazakhstan (%) | 27.29Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Kenya (%) | 27.48Jun 2025 | quarterly | Dec 2009 - Jun 2025 |
| South Korea (%) | 141.74Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| Kosovo (%) | 59.53Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Kuwait (%) | 103.67Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Kyrgyzstan (%) | 26.31Dec 2025 | quarterly | Dec 2003 - Dec 2025 |
| Laos (%) | 56.962024 | yearly | 2012 - 2024 |
| Latvia (%) | 29.52Sep 2025 | quarterly | Sep 2003 - Sep 2025 |
| Lebanon (%) | 102.162017 | yearly | 1988 - 2017 |
| Lithuania (%) | 38.32Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Luxembourg (%) | 80.83Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Macau SAR, China (%) | 120.62Dec 2025 | quarterly | Dec 2001 - Dec 2025 |
| North Macedonia (%) | 51.89Sep 2025 | quarterly | Mar 2003 - Sep 2025 |
| Malawi (%) | 7.492023 | yearly | 2017 - 2023 |
| Malaysia (%) | 117.40Sep 2025 | quarterly | Dec 2001 - Sep 2025 |
| Malta (%) | 62.88Sep 2025 | quarterly | Dec 2003 - Sep 2025 |
| Mauritius (%) | 70.09Jun 2025 | quarterly | Dec 2001 - Jun 2025 |
| Mexico (%) | 20.95Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Moldova (%) | 27.01Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Mongolia (%) | 49.12Sep 2025 | quarterly | Dec 2010 - Sep 2025 |
| Montenegro (%) | 49.09Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Morocco (%) | 51.64Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Mozambique (%) | 16.842024 | yearly | 2001 - 2024 |
| Myanmar (%) | 28.982020 | yearly | 1960 - 2020 |
| Nepal (%) | 74.442024 | yearly | 2003 - 2024 |
| Netherlands (%) | 81.52Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| New Zealand (%) | 136.73Sep 2025 | quarterly | Mar 1988 - Sep 2025 |
| Nigeria (%) | 15.41Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Norway (%) | 118.12Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Oman (%) | 52.57Sep 2025 | quarterly | Dec 2005 - Sep 2025 |
| Pakistan (%) | 9.552024 | yearly | 2005 - 2024 |
| Palestinian Territory (%) | 55.05Sep 2025 | quarterly | Dec 2013 - Sep 2025 |
| Panama (%) | 68.25Jun 2025 | quarterly | Dec 2007 - Jun 2025 |
| Paraguay (%) | 40.85Sep 2023 | quarterly | Dec 1994 - Sep 2023 |
| Peru (%) | 31.70Sep 2025 | quarterly | Mar 1992 - Sep 2025 |
| Philippines (%) | 51.80Dec 2025 | quarterly | Dec 2001 - Dec 2025 |
| Poland (%) | 33.00Sep 2025 | quarterly | Dec 2009 - Sep 2025 |
| Portugal (%) | 71.45Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Qatar (%) | 117.34Sep 2025 | quarterly | Dec 2011 - Sep 2025 |
| Romania (%) | 22.51Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Russia (%) | 54.92Dec 2023 | quarterly | Sep 2002 - Dec 2023 |
| Saudi Arabia (%) | 64.59Sep 2025 | quarterly | Dec 2003 - Sep 2025 |
| Serbia (%) | 34.75Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Singapore (%) | 127.25Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Slovakia (%) | 60.76Sep 2025 | quarterly | Mar 2009 - Sep 2025 |
| Slovenia (%) | 36.11Sep 2025 | quarterly | Dec 2004 - Sep 2025 |
| South Africa (%) | 67.94Sep 2025 | quarterly | Mar 1965 - Sep 2025 |
| Spain (%) | 70.32Dec 2025 | quarterly | Mar 2003 - Dec 2025 |
| Sri Lanka (%) | 26.04Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Sudan (%) | 5.642022 | yearly | 1960 - 2022 |
| Sweden (%) | 124.36Sep 2025 | quarterly | Dec 1991 - Sep 2025 |
| Switzerland (%) | 160.34Sep 2025 | quarterly | Dec 1996 - Sep 2025 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.0Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Consolidated Fiscal Balance (USD mn) | -1,902.660Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| National Government Debt (USD mn) | 97,066.2Jun 2025 | quarterly | Dec 2006 - Jun 2025 |
| Government Debt: % of GDP (%) | 37.5Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Forecast: Government Expenditure (NGN bn) | 109,186.8652030 | yearly | 1990 - 2030 |
| Forecast: Government Net Debt (NGN bn) | 295,803.6872030 | yearly | 1990 - 2030 |
| Forecast: Government Revenue (NGN bn) | 80,747.2152030 | yearly | 1990 - 2030 |
| Federal Govt Revenue (NGN bn) | 2,282.540Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 3,732.590Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Gross Federation Account Revenue: Oil (NGN bn) | 1,304.960Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Federal Govt Expenditure (NGN bn) | 5,584.150Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Federal Govt Expenditure: Capital (NGN bn) | 1,415.860Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Federal Govt Balance (NGN bn) | -3,301.610Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Gross Federation Account Revenue (NGN bn) | 6,865.840Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Government Debt: Domestic (NGN bn) | 69,219.806Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | -1.8792028 | yearly | 1991 - 2028 |
| Trade Balance (USD mn) | 2,213.2Jun 2025 | monthly | Jan 2003 - Jun 2025 |
| Total Exports (USD mn) | 4,858.0Jun 2025 | monthly | Jan 2003 - Jun 2025 |
| Total Exports Growth (%) | 22.6Jun 2025 | monthly | Jan 2004 - Jun 2025 |
| Aluminum: Exports (USD th) | 242,851.8432024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 2,102.6882024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 578.5892024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 2,644.8Jun 2025 | monthly | Jan 2003 - Jun 2025 |
| Total Imports Growth (%) | 2.5Jun 2025 | monthly | Jan 2004 - Jun 2025 |
| Imports: Medicament (USD th) | 605,905.6632024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 335,165.2612024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 264.685Jun 2025 | monthly | Jan 2003 - Jun 2025 |
| Total Imports from USA (USD mn) | 464.626Sep 2025 | monthly | Dec 2009 - Sep 2025 |
| Total Exports to China (USD mn) | 174.147Jun 2025 | monthly | Jan 2007 - Jun 2025 |
| Total Imports from China (USD mn) | 1,013.525Jun 2025 | monthly | Jan 2007 - Jun 2025 |
| Imports (NGN mn) | 4,384,900.258Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: Crude Oil (NGN mn) | 3,905,247.850Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Total Trade (NGN mn) | 10,432,090.965Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Growth Rate: MoM (%) | -17.535Sep 2024 | monthly | Jan 2019 - Sep 2024 |
| Exports: Growth Rate: MoM (%) | -17.669Sep 2024 | monthly | Jan 2019 - Sep 2024 |
| Exports: America: ow USA (NGN mn) | 201,983.472Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports (NGN mn) | 6,047,190.706Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: Europe: ow Netherlands (NGN mn) | 261,930.167Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: Europe: ow UK (NGN mn) | 180,704.134Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: Vegetable Products (NGN mn) | 786,963.6872023 | yearly | 2003 - 2023 |
| Exports: Mineral Products (NGN mn) | 33,075,147.4432023 | yearly | 2003 - 2023 |
| Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 53,170.1622023 | yearly | 2003 - 2023 |
| Imports: America: ow USA (NGN mn) | 446,388.165Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Europe: ow Netherlands (NGN mn) | 201,091.335Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Europe: ow UK (NGN mn) | 134,085.602Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Europe: ow Germany (NGN mn) | 135,143.103Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Asia: ow China (NGN mn) | 1,298,198.961Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 1,024,863.121Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Manufactured Goods (NGN mn) | 488,494.173Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Machinery and Transport Equipment (NGN mn) | 1,432,150.870Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Food and Live Animals (NGN mn) | 455,343.676Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Chemicals and Chemical Products (NGN mn) | 614,100.231Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Export Value Index (2015=100) | 93.4612021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 116.1982021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -164.4Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| Current Account Balance (USD mn) | 3,416.4Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Current Account Balance: % of GDP (%) | 4.4Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Foreign Direct Investment (USD mn) | 718.4Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Foreign Direct Investment: % of GDP (%) | 1.0Sep 2025 | quarterly | Mar 2010 - Sep 2025 |
| Foreign Portfolio Investment (USD mn) | 2,512.415Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| Foreign Portfolio Investment: % of GDP (%) | 3.4Sep 2025 | quarterly | Mar 2010 - Sep 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 402.5Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 2,109.957Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| External Debt (USD mn) | 46,983.4Jun 2025 | quarterly | Dec 2006 - Jun 2025 |
| External Debt: % of GDP (%) | 18.62024 | yearly | 1985 - 2024 |
| External Debt: Short Term (USD mn) | 1,005.62020 | yearly | 2008 - 2020 |
| External Debt: Short Term: % of GDP (%) | 0.22020 | yearly | 2008 - 2020 |
| Forecast: Current Account Balance (USD bn) | 5.7322030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | -68,546.4952024 | yearly | 2005 - 2024 |
| External Debt: Service Payments (USD mn) | 194.440Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
| External Debt: Government: International Capital Market (USD mn) | 15,118.350Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| External Debt: Government (USD mn) | 43,026.550Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 6.12019 | yearly | 2003 - 2019 |
| Non-Performing Loans (USD mn) | 3,315.011Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
| Money Supply M1 (USD mn) | 29,361.987Dec 2025 | monthly | Apr 1990 - Dec 2025 |
| Money Supply M2 (USD mn) | 86,674.495Dec 2025 | monthly | Apr 1990 - Dec 2025 |
| M2 Growth (%) | 9.8Dec 2025 | monthly | Apr 1991 - Dec 2025 |
| Reserve Requirement Ratio (%) | 45.0Dec 2025 | monthly | Nov 2005 - Dec 2025 |
| Foreign Exchange Reserves (USD mn) | 42,772.1Sep 2025 | monthly | Jan 1960 - Sep 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 16.154Sep 2025 | quarterly | Dec 2010 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 14.0Sep 2025 | monthly | Jan 2003 - Sep 2025 |
| Gold Reserves (USD mn) | 2,660.953Sep 2025 | monthly | Dec 1950 - Sep 2025 |
| Total Deposits (USD mn) | 84,213.801Dec 2019 | monthly | Nov 1992 - Dec 2019 |
| Total Deposits Growth (%) | 2.6Dec 2019 | monthly | Nov 1993 - Dec 2019 |
| Domestic Credit (USD mn) | 76,680.1Dec 2025 | monthly | Apr 1990 - Dec 2025 |
| Domestic Credit Growth (%) | 4.7Dec 2025 | monthly | Apr 1991 - Dec 2025 |
| Private Debt: % of Nominal GDP (%) | 15.41Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 82,258,184.590Dec 2025 | monthly | Apr 1990 - Dec 2025 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 124,400,185.000Dec 2025 | monthly | Apr 1990 - Dec 2025 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 42,142,000.420Dec 2025 | monthly | Apr 1990 - Dec 2025 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 37,768,594.800Dec 2025 | monthly | Apr 1990 - Dec 2025 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Non Performing Loans to Gross Loans (%) | 4.140Jun 2023 | semiannually | Dec 2003 - Jun 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 13.0Dec 2025 | monthly | Jul 2015 - Dec 2025 |
More Indicators for Nigeria
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