Nigeria Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Overview
Nigeria's budget deficit stood at -2.93% in 2025, a decline of +1.36% from 2024. The IMF projects -2.93% by 2025. Nigeria ranked 98th globally.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -3.25% | - | - |
| 2029* IMF | -3.27% | - | - |
| 2028* IMF | -2.97% | - | - |
| 2027* IMF | -2.85% | - | - |
| 2026* IMF | -3.73% | - | - |
| 2025* IMF | -2.93% | - | - |
| 2025 | -2.93% | −1.36% | #98 |
| 2024 | -1.57% | +1.56% | #121 |
| 2023 | -3.13% | +0.88% | #91 |
| 2022 | -4.00% | −0.03% | #71 |
| 2021 | -3.97% | +0.06% | #98 |
| 2020 | -4.03% | −0.72% | #133 |
| 2019 | -3.31% | −0.24% | #63 |
| 2018 | -3.06% | +0.78% | #57 |
| 2017 | -3.85% | −0.55% | #53 |
| 2016 | -3.30% | −0.60% | #73 |
| 2015 | -2.70% | −0.97% | #99 |
| 2014 | -1.73% | +0.17% | #123 |
| 2013 | -1.89% | −1.80% | #106 |
| 2012 | -0.09% | −0.40% | #142 |
| 2011 | 0.31% | +3.27% | #148 |
Detected Pattern
Analysis
Nigeria matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Nigeria's budget deficit was -2.93% in 2025. Ranked 98th globally. This represents a 87.0% decrease from the previous year.
Nigeria's budget deficit peaked at 6.22% in 2006.
The lowest budget deficit in Nigeria was -6.08% in 1993.
Nigeria ranks 98th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Nigeria's budget deficit is projected to reach -2.93% by 2025 based on IMF projection.
The budget deficit of Nigeria in 2025 was -2.93%. This ranks 98th in the world.
Cite this page
@misc{historysaid_nigeria_budget-deficit,
title = {Nigeria Budget Deficit},
url = {https://historysaid.com/nigeria/budget-deficit},
publisher = {HistorySaid},
year = {2026}
}