Total expenditure and net lending in Nigeria
Nigeria: Total expenditure and net lending was 10.29 trillion current LCU in 2011. ◆ Volatile
Total expenditure and net lending in Nigeria, 1994–2011
Source: World Bank country economists. Measured in current LCU.
Analysis
Nigeria recorded 10.29 trillion current LCU for total expenditure and net lending in 2011. That is the highest value across all 18 years on record.
The figure is up 12.2% on the previous year and up 309.9% over ten years.
Over the whole period, total expenditure and net lending in Nigeria peaked at 10.29 trillion current LCU in 2011 and was at its lowest, 205.37 billion current LCU, in 1994.
Nigeria ranks 3rd 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.
Total expenditure and net lending in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 205.37 billion current LCU | — |
| 1995 | 251.52 billion current LCU | +22.5% |
| 1996 | 298.38 billion current LCU | +18.6% |
| 1997 | 559.30 billion current LCU | +87.4% |
| 1998 | 722.48 billion current LCU | +29.2% |
| 1999 | 1.23 trillion current LCU | +70.0% |
| 2000 | 1.65 trillion current LCU | +34.5% |
| 2001 | 2.51 trillion current LCU | +51.9% |
| 2002 | 2.33 trillion current LCU | -7.0% |
| 2003 | 2.89 trillion current LCU | +23.8% |
| 2004 | 3.39 trillion current LCU | +17.4% |
| 2005 | 4.42 trillion current LCU | +30.3% |
| 2006 | 5.03 trillion current LCU | +13.9% |
| 2007 | 5.83 trillion current LCU | +15.8% |
| 2008 | 6.89 trillion current LCU | +18.2% |
| 2009 | 6.83 trillion current LCU | -0.9% |
| 2010 | 9.17 trillion current LCU | +34.2% |
| 2011 | 10.29 trillion current LCU | +12.2% |
Nigeria compared with similar countries
- Nigeria's 10.29 trillion current LCU is above the median for lower middle income countries, which is 501.92 billion current LCU, 20.5× the median. (24 countries reporting)
- Nigeria's 10.29 trillion current LCU is above the median for Sub-Saharan Africa, which is 486.62 billion current LCU, 21.1× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 544.17 billion current LCU | 205.37 billion current LCU | 1.23 trillion current LCU | 6 |
| 2000s | 4.18 trillion current LCU | 1.65 trillion current LCU | 6.89 trillion current LCU | 10 |
| 2010s | 9.73 trillion current LCU | 9.17 trillion current LCU | 10.29 trillion 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 total expenditure and net lending in Nigeria?
- Total expenditure and net lending in Nigeria was 10.29 trillion current LCU in 2011, according to World Bank country economists.
- What is the highest total expenditure and net lending recorded in Nigeria?
- The highest recorded value was 10.29 trillion current LCU in 2011.
- What is the lowest total expenditure and net lending recorded in Nigeria?
- The lowest recorded value was 205.37 billion current LCU in 1994.
- How does Nigeria rank for total expenditure and net lending?
- Nigeria ranks 3rd out of 51 countries with data for 2011.
- Is total expenditure and net lending rising or falling in Nigeria?
- Over the last ten years it is up 309.9%. 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 Total expenditure and net lending (current LCU). Statizoid updates them automatically from the source API.
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About this data
Total expenditure and net lending includes both current and capital (development) expenditures and includes lending minus repayments. Data are shown for central government only. Data are in current local currency.