Total Expenditure (central government) — Value US$, 2015 prices in Nigeria
Nigeria: Total Expenditure (central government) — Value US$, 2015 prices was 51,836 million USD in 2024. ▲ Rising
Total Expenditure (central government) — Value US$, 2015 prices in Nigeria, 2003–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for total expenditure (central government) — value us$, 2015 prices in Nigeria is 51,836 million USD, measured in 2024. That is the highest value across all 22 years on record.
The figure is up 11.6% on the previous year and up 111.7% over ten years.
Over the whole period, total expenditure (central government) — value us$, 2015 prices in Nigeria peaked at 51,836 million USD in 2024 and was at its lowest, 19,770 million USD, in 2006.
Nigeria ranks 46th of 173 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 22 years of available data.
Total Expenditure (central government) — Value US$, 2015 prices in Nigeria, year by year
| Year | million USD | Change |
|---|---|---|
| 2003 | 21,900 million USD | — |
| 2004 | 21,664 million USD | -1.1% |
| 2005 | 23,067 million USD | +6.5% |
| 2006 | 19,770 million USD | -14.3% |
| 2007 | 22,199 million USD | +12.3% |
| 2008 | 27,200 million USD | +22.5% |
| 2009 | 28,782 million USD | +5.8% |
| 2010 | 29,596 million USD | +2.8% |
| 2011 | 30,478 million USD | +3.0% |
| 2012 | 27,240 million USD | -10.6% |
| 2013 | 28,995 million USD | +6.4% |
| 2014 | 24,490 million USD | -15.5% |
| 2015 | 25,924 million USD | +5.9% |
| 2016 | 25,788 million USD | -0.5% |
| 2017 | 27,863 million USD | +8.0% |
| 2018 | 30,590 million USD | +9.8% |
| 2019 | 34,454 million USD | +12.6% |
| 2020 | 32,732 million USD | -5.0% |
| 2021 | 34,932 million USD | +6.7% |
| 2022 | 39,257 million USD | +12.4% |
| 2023 | 46,449 million USD | +18.3% |
| 2024 | 51,836 million USD | +11.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23,512 million USD | 19,770 million USD | 28,782 million USD | 7 |
| 2010s | 28,542 million USD | 24,490 million USD | 34,454 million USD | 10 |
| 2020s | 41,041 million USD | 32,732 million USD | 51,836 million USD | 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)
- GDP (constant 2015 US$), annual growth rate 4.01 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 1.93 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,369 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.01 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 778.97 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 953,652 constant LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate -18.64 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.11 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is total expenditure (central government) — value us$, 2015 prices in Nigeria?
- Total expenditure (central government) — value us$, 2015 prices in Nigeria was 51,836 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (central government) — value us$, 2015 prices recorded in Nigeria?
- The highest recorded value was 51,836 million USD in 2024.
- What is the lowest total expenditure (central government) — value us$, 2015 prices recorded in Nigeria?
- The lowest recorded value was 19,770 million USD in 2006.
- How does Nigeria rank for total expenditure (central government) — value us$, 2015 prices?
- Nigeria ranks 46th out of 173 countries with data for 2024.
- Is total expenditure (central government) — value us$, 2015 prices rising or falling in Nigeria?
- Over the last ten years it is up 111.7%. The long-run trend across the full record is rising.
- 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 US$, 2015 prices. 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.