Historical gov spending gdp in Nigeria
Nigeria: Historical gov spending gdp was 12.32 in 2024. ▼ Falling
Latest (2024)
12.32
Change on year
up 18.3%
World rank
146th
of 151 countries
All-time high
21.91
in 2001
All-time low
6.93
in 2016
Years of data
35
1990–2024
Historical gov spending gdp in Nigeria, 1990–2024
Source: Our World in Data.
Analysis
In 2024, historical gov spending gdp in Nigeria stood at 12.32.
The figure is up 18.3% on the previous year and up 29.8% over ten years.
Over the whole period, historical gov spending gdp in Nigeria peaked at 21.91 in 2001 and was at its lowest, 6.93, in 2016.
Nigeria ranks 146th of 151 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 35 years of available data.
Historical gov spending gdp in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 14.18 | — |
| 1991 | 13.61 | -4.0% |
| 1992 | 15.95 | +17.2% |
| 1993 | 20 | +25.4% |
| 1994 | 12.06 | -39.7% |
| 1995 | 8.87 | -26.4% |
| 1996 | 7.87 | -11.4% |
| 1997 | 9.68 | +23.1% |
| 1998 | 11.16 | +15.3% |
| 1999 | 14.92 | +33.6% |
| 2000 | 17.57 | +17.8% |
| 2001 | 21.91 | +24.7% |
| 2002 | 13.76 | -37.2% |
| 2003 | 16.48 | +19.7% |
| 2004 | 13.02 | -21.0% |
| 2005 | 12.65 | -2.9% |
| 2006 | 8.75 | -30.9% |
| 2007 | 12.88 | +47.2% |
| 2008 | 10.21 | -20.7% |
| 2009 | 10.96 | +7.3% |
| 2010 | 11.78 | +7.5% |
| 2011 | 12.28 | +4.3% |
| 2012 | 10.54 | -14.2% |
| 2013 | 10.04 | -4.7% |
| 2014 | 9.49 | -5.5% |
| 2015 | 7.85 | -17.3% |
| 2016 | 6.93 | -11.7% |
| 2017 | 8.51 | +22.8% |
| 2018 | 9.1 | +6.9% |
| 2019 | 8.87 | -2.6% |
| 2020 | 8.73 | -1.5% |
| 2021 | 9.09 | +4.1% |
| 2022 | 10.61 | +16.8% |
| 2023 | 10.41 | -1.9% |
| 2024 | 12.32 | +18.3% |
Nigeria compared with similar countries
- Nigeria's 12.32 is below the median for lower middle income countries, which is 23.26, 53% of the median. (37 countries reporting)
- Nigeria's 12.32 is below the median for Sub-Saharan Africa, which is 20.56, 60% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.83 | 7.87 | 20 | 10 |
| 2000s | 13.82 | 8.75 | 21.91 | 10 |
| 2010s | 9.54 | 6.93 | 12.28 | 10 |
| 2020s | 10.23 | 8.73 | 12.32 | 5 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Real gdp growth, annual growth rate 22.77 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (2025)
Frequently asked questions
- What is historical gov spending gdp in Nigeria?
- Historical gov spending gdp in Nigeria was 12.32 in 2024, according to Our World in Data.
- What is the highest historical gov spending gdp recorded in Nigeria?
- The highest recorded value was 21.91 in 2001.
- What is the lowest historical gov spending gdp recorded in Nigeria?
- The lowest recorded value was 6.93 in 2016.
- How does Nigeria rank for historical gov spending gdp?
- Nigeria ranks 146th out of 151 countries with data for 2024.
- Is historical gov spending gdp rising or falling in Nigeria?
- Over the last ten years it is up 29.8%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from Our World in Data, published as part of Historical gov spending gdp. Statizoid updates them automatically from the source API.
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