Fiscal Balance in Nigeria
The fiscal balance in Nigeria averaged -4.5% of GDP in the decade to 2022, in line with the Sub-Saharan Africa region's average of -4.5% of GDP. The fiscal balance in Nigeria was -5.6% of GDP in 2022. For more fiscal balance information, visit our dedicated page.
Nigeria Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Nigeria from 2013 to 2023.
Source: Macrobond.
Nigeria Fiscal Balance Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -4.7 | -5.6 | -5.5 | -5.4 | -4.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nigerian fiscal balance projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Nigerian fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nigerian fiscal balance projections.
Want to get access to the full dataset of Nigerian fiscal balance forecasts? Send an email to info@focus-economics.com.