Fiscal balance, cash surplus/deficit in Nigeria
Nigeria: Fiscal balance, cash surplus/deficit was -3.43 billion current US$ in 2008. ◆ Volatile
Fiscal balance, cash surplus/deficit in Nigeria, 2004–2008
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files. Measured in current US$.
Analysis
The most recent figure for fiscal balance, cash surplus/deficit in Nigeria is -3.43 billion current US$, measured in 2008.
The figure is up 2.2% on the previous year and down 361.3% over five years.
That places Nigeria 26th out of 29 countries with data for 2008, putting it in the bottom quarter.
Fiscal balance, cash surplus/deficit in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 2004 | 1.31 billion current US$ | — |
| 2005 | 2.85 billion current US$ | +116.9% |
| 2006 | -1.16 billion current US$ | -140.6% |
| 2007 | -3.51 billion current US$ | +203.1% |
| 2008 | -3.43 billion current US$ | -2.2% |
Nigeria compared with similar countries
- Nigeria's -3.43 billion current US$ is below the median for Sub-Saharan Africa, which is -137.38 million current US$, 25.0× the median. (25 countries reporting)
- Nigeria's -3.43 billion current US$ is below the median for lower middle income countries, which is -242.11 million current US$, 14.2× the median. (15 countries reporting)
Countries ranked near Nigeria
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Frequently asked questions
- What is fiscal balance, cash surplus/deficit in Nigeria?
- Fiscal balance, cash surplus/deficit in Nigeria was -3.43 billion current US$ in 2008, according to International Monetary Fund, Government Finance Statistics Yearbook and data files.
- What is the highest fiscal balance, cash surplus/deficit recorded in Nigeria?
- The highest recorded value was 2.85 billion current US$ in 2005.
- What is the lowest fiscal balance, cash surplus/deficit recorded in Nigeria?
- The lowest recorded value was -3.51 billion current US$ in 2007.
- How does Nigeria rank for fiscal balance, cash surplus/deficit?
- Nigeria ranks 26th out of 29 countries with data for 2008.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, Government Finance Statistics Yearbook and data files, published as part of Fiscal balance, cash surplus/deficit (current US$). Statizoid updates them automatically from the source API.
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About this data
Cash surplus or deficit is revenue (including grants) minus expense, minus net acquisition of nonfinancial assets. In the 1986 GFS manual nonfinancial assets were included under revenue and expenditure in gross terms. This cash surplus or deficit is closest to the earlier overall budget balance (still missing is lending minus repayments, which are now a financing item under net acquisition of financial assets).