Current budget balance, including grants in Nigeria
Nigeria: Current budget balance, including grants was 2.21 trillion current LCU in 2005. ◆ Volatile
Current budget balance, including grants in Nigeria, 1994–2005
Source: World Bank country economists. Measured in current LCU.
Analysis
Nigeria recorded 2.21 trillion current LCU for current budget balance, including grants in 2005.
The figure is up 67.5% on the previous year and up 637.8% over ten years.
Over the whole period, current budget balance, including grants in Nigeria peaked at 46,512.80 trillion current LCU in 1994 and was at its lowest, 117.00 billion current LCU, in 2002.
Nigeria ranks 4th of 51 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current budget balance, including grants in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 46,512.80 trillion current LCU | — |
| 1995 | 299.30 billion current LCU | -100.0% |
| 1996 | 405.06 billion current LCU | +35.3% |
| 1997 | 342.31 billion current LCU | -15.5% |
| 1998 | 164.86 billion current LCU | -51.8% |
| 1999 | 355.54 billion current LCU | +115.7% |
| 2000 | 548.65 billion current LCU | +54.3% |
| 2001 | 402.00 billion current LCU | -26.7% |
| 2002 | 117.00 billion current LCU | -70.9% |
| 2003 | 314.96 billion current LCU | +169.2% |
| 2004 | 1.32 trillion current LCU | +318.6% |
| 2005 | 2.21 trillion current LCU | +67.5% |
Nigeria compared with similar countries
- Nigeria's 2.21 trillion current LCU is above the median for lower middle income countries, which is 42.42 billion current LCU, 52.1× the median. (24 countries reporting)
- Nigeria's 2.21 trillion current LCU is above the median for Sub-Saharan Africa, which is 55.60 billion current LCU, 39.7× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7,752.39 trillion current LCU | 164.86 billion current LCU | 46,512.80 trillion current LCU | 6 |
| 2000s | 818.17 billion current LCU | 117.00 billion current LCU | 2.21 trillion current LCU | 6 |
Countries ranked near Nigeria
More science & technology data for Nigeria
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Mobile landline subscriptions, gaps filled 70.76 (2024)
- Mobile cellular subscriptions by country, per capita 0.7076 units per person (2024)
- Mobile cellular subscriptions by country, per unit of GDP 0.0007 units per US$ of GDP (2024)
- Mobile cellular subscriptions by country, gaps filled 164.65 million (2024)
- Mobile cellular subscriptions by country, per square kilometre 246.4 units per square kilometre (2023)
- Mobile landline subscriptions, annual growth rate -28.14 % change on previous year (2024)
- Mobile cellular subscriptions by country, annual growth rate -26.63 % change on previous year (2024)
- Scientific and technical journal articles 9,799 (2023)
- Scientific and technical journal articles, per capita 0 units per person (2023)
Frequently asked questions
- What is current budget balance, including grants in Nigeria?
- Current budget balance, including grants in Nigeria was 2.21 trillion current LCU in 2005, according to World Bank country economists.
- What is the highest current budget balance, including grants recorded in Nigeria?
- The highest recorded value was 46,512.80 trillion current LCU in 1994.
- What is the lowest current budget balance, including grants recorded in Nigeria?
- The lowest recorded value was 117.00 billion current LCU in 2002.
- How does Nigeria rank for current budget balance, including grants?
- Nigeria ranks 4th out of 51 countries with data for 2005.
- Is current budget balance, including grants rising or falling in Nigeria?
- Over the last ten years it is up 637.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of Current budget balance, including grants (current LCU). Statizoid updates them automatically from the source API.
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About this data
The excess of current revenue over current expenditure. data are in current local currencies.