Claims on central government, etc. in Nigeria
Nigeria: Claims on central government, etc. was 8.6% in 2022. ◆ Volatile
Claims on central government, etc. in Nigeria, 1960–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Nigeria recorded 8.6% for claims on central government, etc. in 2022.
Compared with earlier readings it is up 52.1% on the previous year and up 696.2% over ten years.
Over the whole period, claims on central government, etc. in Nigeria peaked at 16.3% in 1994 and was at its lowest, -7.5%, in 2008.
That places Nigeria 102nd out of 186 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on central government, etc. in Nigeria, year by year
| Year | % GDP | Change |
|---|---|---|
| 1960 | -1.9% | — |
| 1961 | -0.4% | -79.3% |
| 1962 | 0.1% | -114.4% |
| 1963 | 0.7% | +1168.8% |
| 1964 | 2.2% | +197.5% |
| 1965 | 2.0% | -9.0% |
| 1966 | 2.8% | +43.7% |
| 1967 | 5.0% | +79.1% |
| 1968 | 8.7% | +72.5% |
| 1969 | 10.6% | +21.4% |
| 1970 | 7.4% | -29.7% |
| 1971 | 5.1% | -30.9% |
| 1972 | 4.7% | -8.5% |
| 1973 | 3.3% | -29.2% |
| 1974 | -7.4% | -322.4% |
| 1975 | -3.4% | -54.4% |
| 1976 | 1.7% | -150.4% |
| 1977 | 7.3% | +330.8% |
| 1978 | 8.7% | +19.1% |
| 1979 | 7.7% | -11.4% |
| 1980 | 7.0% | -8.8% |
| 1981 | 4.5% | -35.8% |
| 1982 | 6.9% | +53.3% |
| 1983 | 9.7% | +40.7% |
| 1984 | 10.7% | +10.2% |
| 1985 | 9.7% | -9.4% |
| 1986 | 9.5% | -2.4% |
| 1987 | 8.6% | -9.0% |
| 1988 | 8.7% | +0.7% |
| 1989 | 4.8% | -44.4% |
| 1990 | 6.3% | +30.1% |
| 1991 | 5.5% | -12.7% |
| 1992 | 10.1% | +82.8% |
| 1993 | 14.7% | +46.5% |
| 1994 | 16.3% | +10.6% |
| 1995 | 8.5% | -47.9% |
| 1996 | 2.7% | -68.1% |
| 1997 | 1.0% | -61.2% |
| 1998 | 2.9% | +177.5% |
| 1999 | 3.2% | +10.8% |
| 2000 | -1.8% | -154.4% |
| 2001 | 0.0% | -101.4% |
| 2002 | 3.2% | +12654.7% |
| 2003 | 3.9% | +20.3% |
| 2004 | -1.5% | -138.6% |
| 2005 | -3.6% | +141.0% |
| 2006 | -6.0% | +64.7% |
| 2007 | -5.2% | -12.9% |
| 2008 | -7.5% | +44.6% |
| 2009 | -4.2% | -43.8% |
| 2010 | 0.6% | -114.1% |
| 2011 | 1.2% | +106.2% |
| 2012 | 1.1% | -11.4% |
| 2013 | 2.3% | +111.7% |
| 2014 | 0.6% | -72.2% |
| 2015 | 2.6% | +315.2% |
| 2016 | 4.4% | +65.9% |
| 2017 | 3.2% | -26.4% |
| 2018 | 3.8% | +17.9% |
| 2019 | 4.9% | +29.3% |
| 2020 | 5.4% | +9.3% |
| 2021 | 5.7% | +5.6% |
| 2022 | 8.6% | +52.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.0% | -1.9% | 10.6% | 10 |
| 1970s | 3.5% | -7.4% | 8.7% | 10 |
| 1980s | 8.0% | 4.5% | 10.7% | 10 |
| 1990s | 7.1% | 1.0% | 16.3% | 10 |
| 2000s | -2.3% | -7.5% | 3.9% | 10 |
| 2010s | 2.5% | 0.6% | 4.9% | 10 |
| 2020s | 6.6% | 5.4% | 8.6% | 3 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Total reserves in months of imports, annual growth rate -1.26 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 6.98 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0966 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 118.25 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 6.08 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 132.23 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 8.47 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 141.49 SDR per person (2025)
Frequently asked questions
- What is claims on central government, etc. in Nigeria?
- Claims on central government, etc. in Nigeria was 8.6% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on central government, etc. recorded in Nigeria?
- The highest recorded value was 16.3% in 1994.
- What is the lowest claims on central government, etc. recorded in Nigeria?
- The lowest recorded value was -7.5% in 2008.
- How does Nigeria rank for claims on central government, etc.?
- Nigeria ranks 102nd out of 186 countries with data for 2022.
- Is claims on central government, etc. rising or falling in Nigeria?
- Over the last ten years it is up 696.2%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Claims on central government, etc. (% GDP). Statizoid updates them automatically from the source API.
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About this data
Claims on central government include loans to central government institutions net of deposits. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.