Nigeria Government Debt To GDP

Nigeria recorded a Government Debt to GDP of 11 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Nigeria is reported by the Central Bank of Nigeria. Government Debt To GDP in Nigeria averaged 35.96 Percent from 2000 until 2013, reaching an all time high of 88 Percent in 2001 and a record low of 11 Percent in 2013. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Nigeria Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
11.00 19.00 88.00 11.00 8.86 | 2014/06 2000 - 2013 Percent Yearly

TO

Nigeria Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 11.00 2013-12-31 19.00 88.00 11.00 8.86 2014-06-30 Percent [+]
Government Budget -2.80 2012-12-31 -2.20 4.60 -10.40 4.68 2014-06-30 Percent of GDP [+]
Credit Rating 28.64 [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


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