Budgets in AfricaCountry profiles

Nigeria

Region: West Africa
Currency: Nigerian Naira (NGN)
Population: 182.2 million
Capital: Abuja
Ministry website: www.finance.gov.ng, www.budgetoffice.gov.ng
Fiscal year: January-December
Regional Economic Community: CEN-SAD

Key economic indicators
2012 2013 2014 2015 2016
GDP (constant 2010 NGN[billions]) 60,670.05 63,942.85 67,977.46 69,780.69 68,705.33
GDP (current NGN[billions]) 72,599.63 81,009.97 90,136.99 95,177.74 102,704.41
GDP growth (%) 4.28 5.39 6.31 2.65 -1.54
GDP per capita (constant 2010 NGN) 368,251.36 377,728.83 390,815.04 390,444.92 374,139.12
GDP per capita (current NGN) 440,660.79 478,549.21 518,214.26 532,549.36 559,283.18
Inflation (CPI) (%) 12.23 8.5 8.05 9.01 15.7
General government revenue (% of GDP) 14.3 11.05 10.52 7.59 4.83
General government expenditure (% of GDP) 14.21 13.52 12.73 11.12 9.26
Budget balance (% of GDP) 0.09 -2.47 -2.21 -3.53 -4.43
Primary balance (% of GDP) 1.07 -1.49 -1.24 -2.42 -3.39
General government debt (% of GDP) 12.54 12.61 10.61 12.11 18.62