Total Expenditure (central government) — Value Standard Local Currency in Nigeria
Nigeria: Total Expenditure (central government) — Value Standard Local Currency was 24.91 million million SLC in 2024. ◆ Volatile
Total Expenditure (central government) — Value Standard Local Currency in Nigeria, 2003–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, total expenditure (central government) — value standard local currency in Nigeria stood at 24.91 million million SLC. That is the highest value across all 22 years on record.
That represents a change of up 27.7% on the previous year and up 443.0% over ten years.
Over the whole period, total expenditure (central government) — value standard local currency in Nigeria peaked at 24.91 million million SLC in 2024 and was at its lowest, 1.24 million million SLC, in 2003.
Nigeria ranks 16th of 174 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Total Expenditure (central government) — Value Standard Local Currency in Nigeria, year by year
| Year | million SLC | Change |
|---|---|---|
| 2003 | 1.24 million million SLC | — |
| 2004 | 1.50 million million SLC | +21.1% |
| 2005 | 1.92 million million SLC | +27.6% |
| 2006 | 2.04 million million SLC | +6.2% |
| 2007 | 2.45 million million SLC | +20.3% |
| 2008 | 3.24 million million SLC | +32.2% |
| 2009 | 3.45 million million SLC | +6.5% |
| 2010 | 4.19 million million SLC | +21.5% |
| 2011 | 4.71 million million SLC | +12.3% |
| 2012 | 4.61 million million SLC | -2.3% |
| 2013 | 5.19 million million SLC | +12.6% |
| 2014 | 4.59 million million SLC | -11.5% |
| 2015 | 4.99 million million SLC | +8.8% |
| 2016 | 5.38 million million SLC | +7.8% |
| 2017 | 6.46 million million SLC | +20.1% |
| 2018 | 7.81 million million SLC | +21.0% |
| 2019 | 9.71 million million SLC | +24.3% |
| 2020 | 9.95 million million SLC | +2.5% |
| 2021 | 11.70 million million SLC | +17.5% |
| 2022 | 14.63 million million SLC | +25.1% |
| 2023 | 19.50 million million SLC | +33.3% |
| 2024 | 24.91 million million SLC | +27.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.26 million million SLC | 1.24 million million SLC | 3.45 million million SLC | 7 |
| 2010s | 5.76 million million SLC | 4.19 million million SLC | 9.71 million million SLC | 10 |
| 2020s | 16.14 million million SLC | 9.95 million million SLC | 24.91 million million SLC | 5 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- 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)
- Services, value added (current LCU), per unit of GDP 884.19 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 1.08 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 4.14 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 1.15 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 1,403 constant 2015 US$ per person (2025)
- Services, value added (constant LCU), per capita 519,194 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 13.86 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 15.1 % change on previous year (2025)
Frequently asked questions
- What is total expenditure (central government) — value standard local currency in Nigeria?
- Total expenditure (central government) — value standard local currency in Nigeria was 24.91 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (central government) — value standard local currency recorded in Nigeria?
- The highest recorded value was 24.91 million million SLC in 2024.
- What is the lowest total expenditure (central government) — value standard local currency recorded in Nigeria?
- The lowest recorded value was 1.24 million million SLC in 2003.
- How does Nigeria rank for total expenditure (central government) — value standard local currency?
- Nigeria ranks 16th out of 174 countries with data for 2024.
- Is total expenditure (central government) — value standard local currency rising or falling in Nigeria?
- Over the last ten years it is up 443.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (central government) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.