Overall budget balance, including grants in Nigeria
Nigeria: Overall budget balance, including grants was -63.00 billion current LCU in 2011. ◆ Volatile
Overall budget balance, including grants in Nigeria, 1994–2011
Source: World Bank country economists. Measured in current LCU.
Analysis
The most recent figure for overall budget balance, including grants in Nigeria is -63.00 billion current LCU, measured in 2011.
The figure is up 97.2% on the previous year and up 64.2% over ten years.
Over the whole period, overall budget balance, including grants in Nigeria peaked at 1.30 trillion current LCU in 2006 and was at its lowest, -2.36 trillion current LCU, in 2009.
That places Nigeria 32nd out of 51 countries with data for 2011, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Overall budget balance, including grants in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 23.49 billion current LCU | — |
| 1995 | 195.45 billion current LCU | +731.9% |
| 1996 | 257.76 billion current LCU | +31.9% |
| 1997 | 30.04 billion current LCU | -88.3% |
| 1998 | -264.14 billion current LCU | -979.2% |
| 1999 | -241.01 billion current LCU | -8.8% |
| 2000 | 292.65 billion current LCU | -221.4% |
| 2001 | -176.00 billion current LCU | -160.1% |
| 2002 | -297.00 billion current LCU | +68.8% |
| 2003 | -94.89 billion current LCU | -68.1% |
| 2004 | 734.85 billion current LCU | -874.4% |
| 2005 | 1.20 trillion current LCU | +63.4% |
| 2006 | 1.30 trillion current LCU | +8.5% |
| 2007 | 95.00 billion current LCU | -92.7% |
| 2008 | 1.17 trillion current LCU | +1133.7% |
| 2009 | -2.36 trillion current LCU | -301.3% |
| 2010 | -2.29 trillion current LCU | -3.1% |
| 2011 | -63.00 billion current LCU | -97.2% |
Nigeria compared with similar countries
- Nigeria's -63.00 billion current LCU is below the median for lower middle income countries, which is -34.10 billion current LCU, 1.8× the median. (24 countries reporting)
- Nigeria's -63.00 billion current LCU is below the median for Sub-Saharan Africa, which is -21.76 billion current LCU, 2.9× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Overall budget balance, including grants in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +1133.7% | 95.00 billion current LCU | 1.17 trillion current LCU |
| 1998 | -979.2% | 30.04 billion current LCU | -264.14 billion current LCU |
| 2004 | +874.4% | -94.89 billion current LCU | 734.85 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 266.27 million current LCU | -264.14 billion current LCU | 257.76 billion current LCU | 6 |
| 2000s | 187.00 billion current LCU | -2.36 trillion current LCU | 1.30 trillion current LCU | 10 |
| 2010s | -1.17 trillion current LCU | -2.29 trillion current LCU | -63.00 billion current LCU | 2 |
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 overall budget balance, including grants in Nigeria?
- Overall budget balance, including grants in Nigeria was -63.00 billion current LCU in 2011, according to World Bank country economists.
- What is the highest overall budget balance, including grants recorded in Nigeria?
- The highest recorded value was 1.30 trillion current LCU in 2006.
- What is the lowest overall budget balance, including grants recorded in Nigeria?
- The lowest recorded value was -2.36 trillion current LCU in 2009.
- How does Nigeria rank for overall budget balance, including grants?
- Nigeria ranks 32nd out of 51 countries with data for 2011.
- Is overall budget balance, including grants rising or falling in Nigeria?
- Over the last ten years it is up 64.2%. 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 Overall budget balance, including grants (current LCU). Statizoid updates them automatically from the source API.
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About this data
Overall budget deficit is current and capital revenue and official grants received, less total expenditure and lending minus repayments. Data are shown for central government only, and are in current local currency.