Nigeria vs Rwanda

Nigeria vs Rwanda: Government debt

Government debt in 2025: 36.1% of GDP in Nigeria and 64.7% of GDP in Rwanda, by IMF estimates. In 2025 the value was higher in Rwanda, by 28.6 percentage points, or 1.79 times that in Nigeria.

% of GDP · IMF

Nigeria vs Rwanda: Government debtGovernment debt in 2025: 36.1% of GDP in Nigeria and 64.7% of GDP in Rwanda, by IMF estimates. In 2025 the value was higher in Rwanda, by 28.6 percentage points, or 1.79 times that in Nigeria.
NigeriaRwandaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Rwanda has been higher in every year both have figures for since 1995.
  • In 2025, Nigeria ranked 114 and Rwanda ranked 48 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Nigeria at 31.9% of GDP and Rwanda at 59.9% of GDP in 2031.

Every year

% of GDP · IMF

YearNigeriaRwanda
202536.164.7
202439.363.4
202336.361.6
202229.859
202126.666.2
202025.766.7
201921.452.8
201820.449.2
20171846.1
201617.441.5
201514.933.5
201415.829.5
20131327
201212.519.3
201112.418.9
20106.719
20096.118.7
20085.218.5
20075.822.4
20066.722.8
200513.558.9
200425.280.9
200329.979.5
200230.792
200137.784
200040.986
199946.178.4
199815.870.1
199717.172.2
199617.983.5
199524.2100.8
199439.7–
199350.4–
199249.8–
199153.2–
199050.9–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearNigeriaRwanda
202634.763.4
202732.863.4
202832.963.4
202932.562
203032.261
203131.959.9

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Nigeria vs Rwanda

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