Nigeria - Government Debt to GDP 2024
39.33%
+3.00% from 2023
Nigeria's government debt to gdp was 39.33% in 2024, increased +3.00% from 36.34% in 2023. This was the 54th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Liechtenstein | 0.49% | 3.2% |
| 2nd | Brunei Darussalam | 2.29% | -1.9% |
| 3rd | Kuwait | 2.92% | -6.7% |
| 4th | Turkmenistan | 4.11% | -24.7% |
| 5th | Tuvalu | 6.96% | 4.3% |
| 6th | Afghanistan | 8.80% | 4.6% |
| 7th | Hong Kong SAR, China | 9.25% | 46.1% |
| 8th | Kiribati | 9.92% | -13.1% |
| 9th | Micronesia, Federated States of | 10.92% | -15.1% |
| 10th | Marshall Islands | 13.22% | -27.4% |
| 11th | Timor-Leste | 13.33% | 7.1% |
| 12th | Haiti | 15.50% | -45.5% |
| 13th | Puerto Rico (US) | 16.87% | 1.7% |
| 14th | Nauru | 17.39% | -15.0% |
| 15th | Russian Federation | 20.25% | 4.0% |
| 16th | Azerbaijan | 21.67% | -0.6% |
| 17th | Solomon Islands | 22.09% | 8.8% |
| 18th | Congo, Democratic Republic of | 22.55% | -16.4% |
| 19th | Estonia | 23.41% | 16.5% |
| 20th | Türkiye | 24.04% | -16.2% |
| 21st | Bulgaria | 24.08% | 5.2% |
| 22nd | Guyana | 24.31% | -8.8% |
| 23rd | Kazakhstan | 24.38% | 6.1% |
| 24th | Tajikistan | 24.95% | -16.7% |
| 25th | Samoa | 25.17% | -20.9% |
| 26th | Cambodia | 25.90% | -1.4% |
| 27th | Saudi Arabia | 26.15% | 13.8% |
| 28th | Luxembourg | 26.29% | 6.5% |
| 29th | Guatemala | 26.32% | -3.3% |
| 30th | Bosnia and Herzegovina | 29.53% | 1.9% |
| 31st | Botswana | 29.87% | 32.7% |
| 32nd | Viet Nam | 31.27% | -8.7% |
| 33rd | Denmark | 31.45% | -6.9% |
| 34th | Peru | 32.15% | -0.9% |
| 35th | Comoros | 32.16% | 12.0% |
| 36th | Uzbekistan | 32.66% | 1.5% |
| 37th | Chad | 32.66% | 1.3% |
| 38th | Djibouti | 32.86% | -7.3% |
| 39th | Sweden | 32.99% | 3.7% |
| 40th | Andorra | 33.23% | -6.3% |
| 41st | Iran, Islamic Republic of | 33.99% | 14.7% |
| 42nd | United Arab Emirates | 34.94% | 9.5% |
| 43rd | Oman | 35.52% | -5.3% |
| 44th | Georgia | 36.10% | -7.3% |
| 45th | Equatorial Guinea | 36.44% | -6.8% |
| 46th | Tonga | 36.96% | -14.5% |
| 47th | Switzerland | 37.52% | -3.0% |
| 48th | Kyrgyz Republic | 37.52% | -10.6% |
| 49th | Lithuania | 38.22% | 2.4% |
| 50th | Ireland | 38.77% | -7.8% |
| 51st | Moldova | 38.78% | 11.0% |
| 52nd | Nicaragua | 39.15% | -7.4% |
| 53rd | Eswatini | 39.21% | -0.4% |
| 54th | Nigeria | 39.33% | 8.2% |
| 55th | Belarus | 39.89% | -2.1% |
| 56th | Indonesia | 40.17% | 1.4% |
| 57th | Bangladesh | 40.97% | 3.1% |
| 58th | Qatar | 41.18% | -5.7% |
| 59th | Chile | 41.65% | 5.7% |
| 60th | Sierra Leone | 41.74% | -15.6% |
| 61st | Norway | 42.72% | -3.2% |
| 62nd | Mauritania | 42.82% | -9.1% |
| 63rd | Cameroon | 42.83% | -0.7% |
| 64th | Czechia | 43.34% | 2.6% |
| 65th | Netherlands | 43.80% | -4.6% |
| 66th | Mongolia | 44.06% | -5.7% |
| 67th | Serbia | 44.48% | -2.6% |
| 68th | Paraguay | 44.77% | 9.0% |
| 69th | Vanuatu | 45.34% | 8.5% |
| 70th | Malta | 46.17% | -1.4% |
| 71st | Iraq | 46.46% | 10.4% |
| 72nd | Latvia | 46.76% | 4.7% |
| 73rd | Honduras | 47.07% | -1.6% |
| 74th | Niger | 47.22% | -8.9% |
| 75th | Algeria | 48.07% | 0.9% |
| 76th | Nepal | 48.33% | 2.9% |
| 77th | Guinea | 48.84% | 21.0% |
| 78th | Korea | 49.82% | -1.4% |
| 79th | Tanzania | 49.86% | 4.3% |
| 80th | Armenia | 49.96% | -1.0% |
| 81st | New Zealand | 50.24% | 7.1% |
| 82nd | Madagascar | 50.33% | -4.4% |
| 83rd | South Sudan | 50.68% | -2.4% |
| 84th | Australia | 50.72% | 2.3% |
| 85th | Uganda | 51.49% | 1.9% |
| 86th | Mali | 51.73% | -0.3% |
| 87th | Burundi | 52.02% | -10.4% |
| 88th | Papua New Guinea | 52.08% | -3.3% |
| 89th | Benin | 53.44% | -2.7% |
| 90th | Ecuador | 53.75% | -1.1% |
| 91st | St. Kitts and Nevis | 53.82% | -3.4% |
| 92nd | North Macedonia | 54.83% | 7.9% |
| 93rd | Poland | 55.27% | 11.6% |
| 94th | Albania | 56.03% | -3.4% |
| 95th | Philippines | 56.63% | 0.3% |
| 96th | Lesotho | 56.83% | -7.5% |
| 97th | Liberia | 57.18% | -1.1% |
| 98th | Slovak Republic | 57.23% | 2.9% |
| 99th | Burkina Faso | 57.25% | 0.8% |
| 100th | Panama | 57.38% | 12.0% |
| 101st | Romania | 57.44% | 10.2% |
| 102nd | Croatia | 57.56% | -6.9% |
| 103rd | Seychelles | 57.61% | 4.2% |
| 104th | Mexico | 58.31% | 10.8% |
| 105th | Dominican Republic | 58.79% | -2.8% |
| 106th | Côte d'Ivoire | 59.25% | 3.0% |
| 107th | Myanmar | 59.34% | 0.5% |
| 108th | Iceland | 59.45% | -3.4% |
| 109th | Costa Rica | 59.75% | -2.2% |
| 110th | Angola | 59.91% | -17.3% |
| 111th | Central African Republic | 60.66% | 9.0% |
| 112th | Montenegro | 60.76% | 2.0% |
| 113th | Colombia | 61.24% | 10.4% |
| 114th | Jamaica | 62.43% | -6.2% |
| 115th | Thailand | 63.20% | 1.4% |
| 116th | Germany | 63.47% | 1.7% |
| 117th | San Marino | 63.94% | -6.4% |
| 118th | Trinidad and Tobago | 64.58% | 7.3% |
| 119th | São Tomé and Principe | 64.81% | -11.5% |
| 120th | Cyprus | 65.09% | -11.6% |
| 121st | Belize | 65.44% | -3.1% |
| 122nd | West Bank and Gaza | 65.57% | 35.2% |
| 123rd | Palau | 66.26% | -13.3% |
| 124th | Slovenia | 66.59% | -2.5% |
| 125th | Rwanda | 67.24% | 6.0% |
| 126th | Kenya | 67.34% | -8.3% |
| 127th | Antigua and Barbuda | 67.58% | -11.5% |
| 128th | Israel | 67.64% | 10.3% |
| 129th | Namibia | 67.70% | 0.8% |
| 130th | Morocco | 67.73% | -1.4% |
| 131st | Uruguay | 68.69% | 7.3% |
| 132nd | Malaysia | 70.08% | 0.5% |
| 133rd | Aruba | 70.16% | -14.9% |
| 134th | Ghana | 70.35% | -11.1% |
| 135th | Pakistan | 70.39% | -10.3% |
| 136th | Yemen, Republic of | 70.94% | -8.9% |
| 137th | Togo | 72.09% | 5.1% |
| 138th | Grenada | 72.70% | -2.5% |
| 139th | Gabon | 72.72% | 3.0% |
| 140th | Zimbabwe | 73.05% | -4.0% |
| 141st | Hungary | 73.45% | 0.7% |
| 142nd | Bahamas, The | 73.81% | -5.7% |
| 143rd | South Africa | 75.97% | 3.7% |
| 144th | St. Lucia | 76.60% | 1.8% |
| 145th | Fiji | 79.11% | -4.6% |
| 146th | Gambia, The | 79.96% | -0.4% |
| 147th | Austria | 80.79% | 2.9% |
| 148th | India | 81.64% | 1.1% |
| 149th | Finland | 82.15% | 6.0% |
| 150th | Guinea-Bissau | 82.21% | 3.5% |
| 151st | Tunisia | 83.39% | -0.7% |
| 152nd | Argentina | 84.65% | -45.2% |
| 153rd | Brazil | 87.28% | 3.9% |
| 154th | Suriname | 87.29% | -11.1% |
| 155th | El Salvador | 87.51% | 2.9% |
| 156th | Malawi | 87.58% | 1.0% |
| 157th | Mauritius | 87.92% | 7.9% |
| 158th | China | 88.32% | 7.7% |
| 159th | Ukraine | 89.72% | 10.5% |
| 160th | Jordan | 90.23% | 1.4% |
| 161st | Egypt, Arab Republic of | 90.93% | -5.2% |
| 162nd | St. Vincent and the Grenadines | 92.68% | 3.6% |
| 163rd | Mozambique | 93.22% | 2.6% |
| 164th | Portugal | 94.93% | -2.9% |
| 165th | Bolivia, Plurinational State of | 97.95% | 7.9% |
| 166th | Congo, Republic of | 98.03% | -4.7% |
| 167th | Dominica | 99.88% | 0.1% |
| 168th | Lao PDR | 100.48% | -13.8% |
| 169th | Sri Lanka | 100.84% | -8.6% |
| 170th | United Kingdom | 101.23% | 0.9% |
| 171st | Spain | 101.65% | -3.3% |
| 172nd | Belgium | 104.71% | 1.4% |
| 173rd | Barbados | 104.81% | -6.0% |
| 174th | Bhutan | 110.44% | -5.6% |
| 175th | Cabo Verde | 111.23% | -5.3% |
| 176th | Canada | 111.30% | 3.3% |
| 177th | France | 113.15% | 3.2% |
| 178th | Zambia | 114.94% | -10.9% |
| 179th | United States | 122.32% | 2.1% |
| 180th | Senegal | 128.43% | 8.5% |
| 181st | Maldives | 133.32% | 8.9% |
| 182nd | Bahrain | 133.38% | 8.4% |
| 183rd | Italy | 135.33% | 0.5% |
| 184th | Greece | 154.79% | -6.3% |
| 185th | Lebanon | 163.76% | -15.1% |
| 186th | Singapore | 173.51% | 0.4% |
| 187th | Japan | 236.11% | -1.8% |
| 188th | Sudan | 261.43% | 0.6% |
FAQ
What was Nigeria's government debt to gdp in 2024?▾
Nigeria's government debt to gdp in 2024 was 39.33%. This ranked 54th globally.
How did Nigeria's government debt to gdp change in 2024?▾
Nigeria's government debt to gdp increased by 8.2% in 2024 compared to 2023.
Which country had the highest government debt to gdp in 2024?▾
Sudan had the highest government debt to gdp in 2024 at 261.43%.
What is the government debt to gdp of Nigeria in 2024?▾
The government debt to gdp of Nigeria in 2024 was 39.33%. This ranked 54th globally.
How does 2024 compare to 2023 for Nigeria's government debt to gdp?▾
Nigeria's government debt to gdp went from 36.34% in 2023 to 39.33% in 2024, a 8.2% increase.
HistorySaid - pattern alert
Nigeria matched the Export Boom Cycle pattern in 2024. Historically: 768 occurrences, 546 successful (71%). View full analysis →
Related
2023
2025
All years
Full ranking 2024
Tax Revenue
Government Spending
Military Spending
Health Spending
Budget Deficit
Peak: 1991
Lowest: 2008
Government Debt to GDP 1990s
Government Debt to GDP 2000s
Government Debt to GDP 2010s
Government Debt to GDP 2020s
Highest ever
Lowest ever
Average
vs Guinea-Bissau
vs Chad
vs Togo
vs Burkina Faso
Organisation of Islamic Cooperation Government Debt to GDP
OPEC Government Debt to GDP
African Union Government Debt to GDP
Global Ranking