Total Expenditure (general government) — Value US$, 2015 prices in Nigeria
Nigeria: Total Expenditure (general government) — Value US$, 2015 prices was 82,951 million USD in 2024. ▲ Rising
Total Expenditure (general government) — Value US$, 2015 prices in Nigeria, 2013–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, total expenditure (general government) — value us$, 2015 prices in Nigeria stood at 82,951 million USD. That is the highest value across all 12 years on record.
Compared with earlier readings it is up 12.8% on the previous year and up 52.6% over ten years.
Over the whole period, total expenditure (general government) — value us$, 2015 prices in Nigeria peaked at 82,951 million USD in 2024 and was at its lowest, 46,386 million USD, in 2016.
Nigeria ranks 41st of 114 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Total Expenditure (general government) — Value US$, 2015 prices in Nigeria, year by year
| Year | million USD | Change |
|---|---|---|
| 2013 | 62,089 million USD | — |
| 2014 | 54,368 million USD | -12.4% |
| 2015 | 50,428 million USD | -7.2% |
| 2016 | 46,386 million USD | -8.0% |
| 2017 | 49,619 million USD | +7.0% |
| 2018 | 54,802 million USD | +10.4% |
| 2019 | 56,534 million USD | +3.2% |
| 2020 | 56,336 million USD | -0.4% |
| 2021 | 57,557 million USD | +2.2% |
| 2022 | 64,051 million USD | +11.3% |
| 2023 | 73,548 million USD | +14.8% |
| 2024 | 82,951 million USD | +12.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 53,461 million USD | 46,386 million USD | 62,089 million USD | 7 |
| 2020s | 66,889 million USD | 56,336 million USD | 82,951 million USD | 5 |
Countries ranked near Nigeria
- 38 New Zealand 92,027 million USD compare
- 39 Czechia 87,678 million USD compare
- 40 China, Hong Kong SAR 84,361 million USD compare
- 42 Hungary 74,390 million USD compare
- 43 Iraq 61,523 million USD compare
- 44 Kazakhstan 58,398 million USD compare
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 (general government) — value us$, 2015 prices in Nigeria?
- Total expenditure (general government) — value us$, 2015 prices in Nigeria was 82,951 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (general government) — value us$, 2015 prices recorded in Nigeria?
- The highest recorded value was 82,951 million USD in 2024.
- What is the lowest total expenditure (general government) — value us$, 2015 prices recorded in Nigeria?
- The lowest recorded value was 46,386 million USD in 2016.
- How does Nigeria rank for total expenditure (general government) — value us$, 2015 prices?
- Nigeria ranks 41st out of 114 countries with data for 2024.
- Is total expenditure (general government) — value us$, 2015 prices rising or falling in Nigeria?
- Over the last ten years it is up 52.6%. 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 (general government) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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CSV · JSON — 12 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.