What is the debt-to-GDP ratio of Nigeria?

What is the debt-to-GDP ratio of Nigeria?

35.00 percent
Government Debt to GDP in Nigeria is expected to reach 35.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations.

What is Nigeria debt-to-GDP ratio 2021?

With the Total Public Debt Stock to Gross Domestic Product (GDP) as at December 31, 2021, of 22.47%, the Debt-to-GDP ratio still remains within Nigeria’s self-imposed limit of 40%.

What is national debt of Nigeria?

Nigeria’s total public debt as of September, third quarter of 2021, is N38. 005 trillion, the Debt Management Office (DMO), has said.

What is a good national debt to GDP ratio?

It allows them to gauge a country’s ability to pay off its debt. A high ratio—like 101%—means that a country isn’t producing enough to pay off its debt. A ratio of 100% indicates just enough output to pay debts, while a lower ratio means enough economic output to make debt payments.

What is Ghana debt to GDP ratio?

In 2018, the national debt of Ghana amounted to approximately 61.98 percent of the GDP….Ghana: National debt in relation to gross domestic product (GDP) from 2017 to 2027.

Characteristic National debt in relation to GDP
2021* 81.81%
2020* 78.3%
2019* 62.69%
2018 61.98%

What is Nigeria worth?

$514.076 billion
$514.076 billion (nominal, 2021 est.) $1.116 trillion (PPP, 2021 est.)

Is Ghana owing Nigeria?

Mahamudu Bawumia of the New Patriotic Party (NPP) has revealed that the reason behind Ghana’s current power crisis is government’s failure to settle a $100 million debt owed the Nigerian Gas Company.

How much is Ghana debt 2022?

According to its April 2022 Fiscal Monitor report, the country’s total debt was estimated at 81.8 per cent of GDP in 2021, higher than the 80.1 per cent, approximately GH¢351.8 billion quoted by the Bank of Ghana.

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