The ratio of government expenditure to GDP in Nigeria was forecast to decrease between 2024 and 2029 by in total 0.7 percentage points. This overall decrease does not happen continuously, notably not in 2027 and 2029. The ratio is estimated to amount to 17.36 percent in 2029. Depicted here is the general government expenditure as a share of the national gross domestic product. According to the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
Find more key insights for the ratio of government expenditure to GDP in countries like Sierra Leone, Ghana, and Burkina Faso.
Ratio of government expenditure to GDP in Nigeria from 2019 to 2029
Characteristic
Ratio of government expenditure to GDP
2029*
17.36%
2028*
16.89%
2027*
17.04%
2026*
16.63%
2025*
17.42%
2024*
18.1%
2023
13.56%
2022
14.38%
2021
12.56%
2020
12.09%
2019
12.49%
Created with Highcharts 7.2.2Ratio of government expenditure to GDP12.49%12.49%12.09%12.09%12.56%12.56%14.38%14.38%13.56%13.56%18.1%18.1%17.42%17.42%16.63%16.63%17.04%17.04%16.89%16.89%17.36%17.36%201920202021202220232024*2025*2026*2027*2028*2029*
0%2.5%5%7.5%10%12.5%15%17.5%20%
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IMF. (October 22, 2024). Ratio of government expenditure to GDP in Nigeria from 2019 to 2029 [Graph]. In Statista. Retrieved February 18, 2025, from https://www.statista.com/statistics/383177/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-nigeria/
IMF. "Ratio of government expenditure to GDP in Nigeria from 2019 to 2029." Chart. October 22, 2024. Statista. Accessed February 18, 2025. https://www.statista.com/statistics/383177/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-nigeria/
IMF. (2024). Ratio of government expenditure to GDP in Nigeria from 2019 to 2029. Statista. Statista Inc.. Accessed: February 18, 2025. https://www.statista.com/statistics/383177/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-nigeria/
IMF. "Ratio of Government Expenditure to Gdp in Nigeria from 2019 to 2029." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/383177/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-nigeria/
IMF, Ratio of government expenditure to GDP in Nigeria from 2019 to 2029 Statista, https://www.statista.com/statistics/383177/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-nigeria/ (last visited February 18, 2025)
Ratio of government expenditure to GDP in Nigeria from 2019 to 2029 [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/383177/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-nigeria/
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