Primary balance, excluding interest in Nigeria
Nigeria: Primary balance, excluding interest was 1.58 trillion current LCU in 2005. ◆ Volatile
Primary balance, excluding interest in Nigeria, 1996–2005
Source: World Bank country economists. Measured in current LCU.
Analysis
The most recent figure for primary balance, excluding interest in Nigeria is 1.58 trillion current LCU, measured in 2005. That is the highest value across all 10 years on record.
That represents a change of up 39.9% on the previous year and up 2,397.9% over ten years.
Over the whole period, primary balance, excluding interest in Nigeria peaked at 1.58 trillion current LCU in 2005 and was at its lowest, -571.82 billion current LCU, in 2000.
That places Nigeria 1st out of 50 countries with data for 2005, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Primary balance, excluding interest in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1996 | 63.37 billion current LCU | — |
| 1997 | -101.87 billion current LCU | -260.8% |
| 1998 | 177.66 billion current LCU | -274.4% |
| 1999 | -25.73 billion current LCU | -114.5% |
| 2000 | -571.82 billion current LCU | +2122.0% |
| 2001 | -151.00 billion current LCU | -73.6% |
| 2002 | -64.00 billion current LCU | -57.6% |
| 2003 | -280.11 billion current LCU | +337.7% |
| 2004 | 1.13 trillion current LCU | -503.9% |
| 2005 | 1.58 trillion current LCU | +39.9% |
Nigeria compared with similar countries
- Nigeria's 1.58 trillion current LCU is above the median for lower middle income countries, which is -3.80 billion current LCU. (24 countries reporting)
- Nigeria's 1.58 trillion current LCU is above the median for Sub-Saharan Africa, which is -6.36 billion current LCU. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 28.36 billion current LCU | -101.87 billion current LCU | 177.66 billion current LCU | 4 |
| 2000s | 274.58 billion current LCU | -571.82 billion current LCU | 1.58 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 primary balance, excluding interest in Nigeria?
- Primary balance, excluding interest in Nigeria was 1.58 trillion current LCU in 2005, according to World Bank country economists.
- What is the highest primary balance, excluding interest recorded in Nigeria?
- The highest recorded value was 1.58 trillion current LCU in 2005.
- What is the lowest primary balance, excluding interest recorded in Nigeria?
- The lowest recorded value was -571.82 billion current LCU in 2000.
- How does Nigeria rank for primary balance, excluding interest?
- Nigeria ranks 1st out of 50 countries with data for 2005.
- Is primary balance, excluding interest rising or falling in Nigeria?
- Over the last ten years it is up 2,397.9%. 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 Primary balance, excluding interest (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 10 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Primary deficit, excluding interest (current LCU).