Cash surplus/deficit (% of GDP) for Nigeria
CASHBLNGA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.66
Year-over-Year Change
-210.83%
Date Range
1/1/2004 - 1/1/2008
Summary
The cash surplus/deficit (% of GDP) for Nigeria measures the difference between a government's cash receipts and its cash payments. It provides insight into a country's fiscal balance and ability to manage its finances.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the Nigerian government's net cash flow as a percentage of its GDP. It reflects the government's overall fiscal position and helps analysts and policymakers assess the sustainability of public finances.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on government budget and national accounts information.
Historical Context
The cash surplus/deficit is a key metric used by economists and international institutions to evaluate a country's macroeconomic policies and fiscal stability.
Key Facts
- Nigeria's cash deficit was 3.8% of GDP in 2021.
- A cash surplus indicates the government is a net saver, while a deficit signals increased borrowing.
- Persistent deficits can lead to rising public debt and economic instability.
FAQs
Q: What does this economic trend measure?
A: The cash surplus/deficit (% of GDP) for Nigeria measures the difference between the Nigerian government's cash receipts and cash payments as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Nigeria's fiscal balance and the sustainability of its public finances, which is crucial for evaluating the government's macroeconomic policies and economic stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on government budget and national accounts information.
Q: How is this trend used in economic policy?
A: Economists and international institutions use the cash surplus/deficit (% of GDP) to assess a country's fiscal position and the effectiveness of its macroeconomic policies, which informs policy decisions and recommendations.
Q: Are there update delays or limitations?
A: The data is published annually by the IMF, with a delay of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Cash surplus/deficit (% of GDP) for Nigeria (CASHBLNGA188A), retrieved from FRED.