National debt of Nigeria in relation to gross domestic product (GDP) 2029
The ratio of national debt to gross domestic product (GDP) in Nigeria was forecast to decrease between 2024 and 2029 by in total two percentage points. This overall decrease does not happen continuously, notably not in 2028 and 2029. The ratio is estimated to amount to 49.26 percent in 2029. Notably, the ratio of national debt to gross domestic product (GDP) was continuously increasing over the past years.
This indicator describes the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.
Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Ghana, Cape Verde, and Gambia.
This indicator describes the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.
Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Ghana, Cape Verde, and Gambia.
