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Nigeria - Government Debt to GDP 1994

Name: Nigeria Government Debt to GDP 1994
Creator: IMF WEO
License: https://creativecommons.org/licenses/by/4.0/

General government gross debt as % of GDP · IMF WEO

39.69% −10.74% from 1993 Global rank: 17th

Nigeria's government debt to gdp was 39.69% in 1994, decreased +10.74% from 50.44% in 1993. This was the 17th highest globally.

Global Ranking - 1994▾

Government Debt to GDP by Country - 1994
Rank	Country	Value	YoY
1st	Bahrain	5.62%	-5.4%
2nd	Korea	9.63%	-11.3%
3rd	Kiribati	12.29%	12.5%
4th	Eswatini	13.06%	-12.8%
5th	Namibia	16.41%	-4.4%
6th	Paraguay	18.69%	-29.7%
7th	Bahamas, The	20.92%	6.1%
8th	Vanuatu	21.60%	6.5%
9th	Chile	22.61%	-19.5%
10th	St. Lucia	23.35%	2.9%
11th	Oman	23.63%	6.3%
12th	Argentina	28.43%	5.7%
13th	Suriname	30.50%	-40.3%
14th	El Salvador	30.55%	-4.1%
15th	Australia	31.71%	3.4%
16th	Kuwait	37.68%	31.0%
17th	Nigeria	39.69%	-21.3%
18th	Papua New Guinea	40.07%	-
19th	United Kingdom	40.72%	7.3%
20th	Malaysia	43.72%	-14.5%
21st	Grenada	45.69%	0.9%
22nd	Switzerland	47.08%	6.1%
23rd	Germany	47.47%	5.3%
24th	Fiji	48.77%	6.2%
25th	New Zealand	48.92%	-10.4%
26th	Ghana	50.59%	48.2%
27th	Norway	50.64%	-5.6%
28th	France	51.58%	7.1%
29th	Bhutan	53.19%	-11.7%
30th	St. Vincent and the Grenadines	54.23%	10.1%
31st	Barbados	54.29%	-
32nd	Qatar	54.78%	18.4%
33rd	Iceland	54.81%	4.8%
34th	Trinidad and Tobago	54.84%	-8.0%
35th	Dominica	55.90%	4.8%
36th	Finland	56.19%	3.7%
37th	Spain	57.02%	4.5%
38th	Pakistan	58.53%	-
39th	Portugal	60.42%	5.6%
40th	Philippines	63.60%	-13.9%
41st	Tunisia	63.89%	0.2%
42nd	Austria	64.07%	5.1%
43rd	Lesotho	66.99%	-5.9%
44th	Saudi Arabia	67.87%	15.8%
45th	Sweden	68.55%	3.7%
46th	Morocco	69.29%	-7.2%
47th	Singapore	70.69%	-0.7%
48th	Gabon	71.27%	-20.9%
49th	Guinea	71.28%	3.4%
50th	Netherlands	73.50%	-4.1%
51st	India	74.75%	-4.6%
52nd	Denmark	75.31%	-4.3%
53rd	Sri Lanka	77.90%	-1.6%
54th	Panama	78.34%	-
55th	Japan	84.36%	15.8%
56th	Antigua and Barbuda	84.54%	-0.9%
57th	Honduras	85.50%	-23.5%
58th	Comoros	87.78%	-8.3%
59th	Madagascar	95.96%	-8.8%
60th	Canada	97.48%	2.9%
61st	Greece	99.68%	-2.0%
62nd	Algeria	106.35%	38.5%
63rd	Jordan	116.15%	-8.2%
64th	Seychelles	123.45%	50.2%
65th	Italy	130.83%	5.4%
66th	Belgium	137.08%	-1.3%
67th	Syrian Arab Republic	162.98%	-5.2%
68th	Equatorial Guinea	215.97%	41.6%
69th	Sudan	386.47%	35.2%

FAQ

What was Nigeria's government debt to gdp in 1994?▾

Nigeria's government debt to gdp in 1994 was 39.69%. This ranked 17th globally.

How did Nigeria's government debt to gdp change in 1994?▾

Nigeria's government debt to gdp decreased by 21.3% in 1994 compared to 1993.

Which country had the highest government debt to gdp in 1994?▾

Sudan had the highest government debt to gdp in 1994 at 386.47%.

What is the government debt to gdp of Nigeria in 1994?▾

The government debt to gdp of Nigeria in 1994 was 39.69%. This ranked 17th globally.

How does 1994 compare to 1993 for Nigeria's government debt to gdp?▾

Nigeria's government debt to gdp went from 50.44% in 1993 to 39.69% in 1994, a 21.3% decrease.

HistorySaid - pattern alert

Nigeria matched the Orthodox Tightening Cycle pattern in 1994. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 29.3%. View full analysis →

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