Nigeria

National Accounts Last Frequency Range
Nominal GDP (USD mn) 111,302.5 Mar 2023 quarterly Mar 2010 - Mar 2023
Real GDP Growth (%) 2.3 Mar 2023 quarterly Mar 2011 - Mar 2023
Nominal GDP Growth (%) 16.939 Jun 2024 quarterly Mar 2011 - Jun 2024
GDP per Capita (USD) 2,057.020 2021 yearly 1981 - 2021
GDP Deflator Growth (%) 11.3 Dec 2022 quarterly Mar 2011 - Dec 2022
Private Consumption Expenditure (USD mn) 44,757.800 Dec 2023 quarterly Mar 2010 - Dec 2023
Private Consumption: % of GDP (%) 61.2 2023 yearly 1981 - 2023
Public Consumption Expenditure (USD mn) 3,241.642 Dec 2023 quarterly Mar 2010 - Dec 2023
Public Consumption: % of GDP (%) 4.3 2023 yearly 1981 - 2023
Investment: % of GDP (%) 36.1 2023 yearly 1981 - 2023
Gross Fixed Capital Formation (USD mn) 30,927.816 Dec 2023 quarterly Mar 2010 - Dec 2023
Gross National Product (GNP) (USD mn) 355,832.510 2023 yearly 1960 - 2023
Gross Savings Rate (%) 34.6 2023 yearly 1981 - 2023
Forecast: GDP PPP Per Capita (PPP Intl $) 6,977.346 2028 yearly 1990 - 2028
Forecast: Nominal GDP Per Capita (USD) 3,860.079 2027 yearly 1990 - 2027
Forecast: Real GDP Growth (%) 2.904 2027 yearly 1991 - 2027
Total Trade of Goods & Services: % of Nominal GDP (%) 39.325 Dec 2023 quarterly Mar 2010 - Dec 2023
Production Last Frequency Range
Industrial Production Index Growth (%) 3.3 Mar 2024 quarterly Mar 2011 - Mar 2024
Minerals Production (Metric Ton) 107,328,470.000 2022 yearly 2009 - 2022
Gold Production (kg) 350.000 2022 yearly 1993 - 2022
Motor Vehicle Production (Unit) 2,040.000 2008 yearly 1999 - 2008
Industrial Production Index: Manufacturing (2010=100) 208.400 Mar 2024 quarterly Mar 2010 - Mar 2024
Industrial Production Index: Mining (2010=100) 60.500 Mar 2024 quarterly Mar 2010 - Mar 2024
Industrial Production Index (2010=100) 105.170 Mar 2024 quarterly Mar 2010 - Mar 2024
Capacity Utilization Rate: Manufacturing (%) 56.700 Mar 2024 quarterly Dec 2008 - Mar 2024
Electricity Consumption: Average per Hour (MWh) 3,689.700 Sep 2023 quarterly Mar 2005 - Sep 2023
Electricity Generation: Average per Hour (MWh) 3,895.760 Sep 2023 quarterly Mar 2005 - Sep 2023
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.4 Mar 2024 quarterly Dec 2010 - Mar 2024
Consolidated Fiscal Balance (USD mn) -1,701.594 Mar 2024 quarterly Mar 2005 - Mar 2024
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 49.5 Mar 2024 quarterly Dec 2010 - Mar 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Balance (NGN bn) -2,245.790 Mar 2024 quarterly Mar 2005 - Mar 2024
Federal Govt Expenditure: Capital (NGN bn) 235.110 Mar 2024 quarterly Mar 2005 - Mar 2024
Gross Federation Account Revenue (NGN bn) 4,876.700 Mar 2024 quarterly Mar 2005 - Mar 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,530.910 Mar 2024 quarterly Mar 2005 - Mar 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,111.800 Mar 2024 quarterly Mar 2005 - Mar 2024
Federal Govt Revenue (NGN bn) 1,445.670 Mar 2024 quarterly Mar 2005 - Mar 2024
Federal Govt Expenditure (NGN bn) 3,691.460 Mar 2024 quarterly Mar 2005 - Mar 2024
Government Debt: Domestic (NGN bn) 53,258.012 Dec 2023 quarterly Dec 2005 - Dec 2023
Demographic and Labour Market Last Frequency Range
Population (Person mn) 211.5 2021 yearly 1950 - 2021
Labour Force Participation Rate (%) 59.1 2023 yearly 1990 - 2023
Employed Persons (Person) 46,488,079.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Unemployment Rate (%) 4.10 Mar 2023 quarterly Dec 2022 - Mar 2023
Labour Productivity Growth (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Forecast: Population (Person mn) 250.830 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 22.562 2018 yearly 2010 - 2018
Population: Female (Person mn) 98.234 2017 yearly 2006 - 2017
Population: Male (Person mn) 101.447 2017 yearly 2006 - 2017
Labour Force: Economically Active (Person) 69,675,468.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Labour Force: Economically Active: Employment (Person) 46,488,079.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Labour Force: Economically Active: Male (Person) 39,523,050.000 Dec 2020 quarterly Mar 2014 - Dec 2020
Labour Force: Economically Active: Unemployment (Person) 23,187,389.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Labour Force: Economically Active: Female (Person) 30,152,418.000 Dec 2020 quarterly Mar 2014 - Dec 2020
NG: Employment Index (2010=100) 112.760 2017 yearly 2010 - 2017
Domestic Trade and Household Survey Last Frequency Range
Motor Vehicles Sales (Unit) 9,800 2019 yearly 2005 - 2019
Motor Vehicles Sales Growth (%) -42.4 2019 yearly 2006 - 2019
Motor Vehicle Sales: Commercial Cars (Unit) 4,700.000 2019 yearly 2005 - 2019
Motor Vehicle Sales: Passenger Cars (Unit) 5,100.000 2019 yearly 2005 - 2019
Consumer Confidence: Net Balance (% Point) 28.9 Dec 2020 quarterly Jun 2009 - Dec 2020
Consumer Confidence Growth (% Point) -1.3 Dec 2020 quarterly Jun 2010 - Dec 2020
Inflation Last Frequency Range
Consumer Price Index CPI Growth (%) 32.7 Sep 2024 monthly Jan 1961 - Sep 2024
Core CPI Change (%) 27.428 Sep 2024 monthly Jan 1996 - Sep 2024
CPI: Food and Non Alcoholic Beverage Change (%) 37.712 Sep 2024 monthly Jan 1996 - Sep 2024
Forecast: Consumer Price Index Growth (%) 14.000 2028 yearly 1996 - 2028
Consumer Price Index: Food and Non Alcoholic Beverages (Nov2009=100) 1,005.932 Sep 2024 monthly Jan 1995 - Sep 2024
Consumer Price Index (Nov2009=100) 804.142 Sep 2024 monthly Jan 1995 - Sep 2024
Consumer Price Index: Alcoholic Beverages, Tobacco and Kola (Nov2009=100) 510.736 Sep 2024 monthly Jan 1995 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 2,786.0 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports (USD mn) 4,913.5 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports Growth (%) 163.7 Jun 2024 monthly Jan 2004 - Jun 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 2,876.353 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 480.530 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 83.0 Jun 2024 monthly Jan 2004 - Jun 2024
Imports: Medicament (USD th) 755,360.705 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 508,406.689 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 658.371 Jun 2024 monthly Jan 2003 - Jun 2024
Total Imports from USA (USD mn) 177.707 Jun 2024 monthly Dec 2009 - Jun 2024
Total Exports to China (USD mn) 160.464 Jun 2024 monthly Jan 2007 - Jun 2024
Total Imports from China (USD mn) 737.510 Jun 2024 monthly Jan 2007 - Jun 2024
Exports: Crude Oil (NGN mn) 5,457,219.231 Jun 2024 monthly Jan 2003 - Jun 2024
Total Trade (NGN mn) 10,433,069.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Growth Rate: MoM (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: America: ow USA (NGN mn) 975,552.174 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Europe: ow Netherlands (NGN mn) 434,520.151 Jun 2024 monthly Jan 2003 - Jun 2024
Exports (NGN mn) 7,280,672.000 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Europe: ow UK (NGN mn) 4,761.874 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 89,695.701 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Europe: ow Germany (NGN mn) 91,725.002 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: America: ow USA (NGN mn) 263,320.371 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Europe: ow UK (NGN mn) 39,682.510 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Asia: ow China (NGN mn) 1,092,816.851 Jun 2024 monthly Jan 2007 - Jun 2024
Imports: Chemicals and Chemical Products (NGN mn) 531,688.790 Jun 2024 monthly Jan 2003 - Jun 2024
Imports (NGN mn) 3,152,397.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 564,023.272 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Food and Live Animals (NGN mn) 464,465.517 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Manufactured Goods (NGN mn) 415,104.163 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Machinery and Transport Equipment (NGN mn) 939,658.575 Jun 2024 monthly Jan 2003 - Jun 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 10.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 42,495.2 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government: International Capital Market (USD mn) 15,118.350 Mar 2024 quarterly Mar 2011 - Mar 2024
External Debt: Government (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 21,896.535 Aug 2024 monthly Nov 1992 - Aug 2024
Money Supply M2 (USD mn) 67,150.889 Aug 2024 monthly Nov 1992 - Aug 2024
M2 Growth (%) 63.3 Aug 2024 monthly Nov 1993 - Aug 2024
Reserve Requirement Ratio (%) 45.0 Aug 2024 monthly Nov 2005 - Aug 2024
Foreign Exchange Reserves (USD mn) 34,762.2 Jun 2024 monthly Jan 1960 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 14.126 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 16.3 Jun 2024 monthly Jan 2003 - Jun 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 66,336.6 Aug 2024 monthly Nov 1992 - Aug 2024
Domestic Credit Growth (%) 33.3 Aug 2024 monthly Nov 1993 - Aug 2024
Private Debt: % of Nominal GDP (%) 16.22 Sep 2023 quarterly Dec 2010 - Sep 2023
Monetary Survey: Liabilities: Base Money (NGN mn) 26,891,229.280 Aug 2024 monthly Jan 1993 - Aug 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 34,949,935.480 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,232,284.010 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2 (NGN mn) 107,182,219.490 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Banking Statistics Last Frequency Range
Liquid Assets Ratio (%) 32.5 Mar 2020 monthly Jun 2001 - Mar 2020
Capital Adequacy Ratio (%) 13.8 2022 yearly 2004 - 2022
Interest and Foreign Exchange Rates Last Frequency Range
Bank Lending Rate (% pa) 17.010 Aug 2024 monthly Jan 2006 - Aug 2024
Exchange Rate against USD (USD/NGN) 460.702 May 2023 monthly Jan 1957 - May 2023
Policy Rate (% pa) 27.25 Sep 2024 monthly Dec 2006 - Sep 2024
Short Term Interest Rate (% pa) 27.46 Sep 2024 monthly Jan 2010 - Sep 2024
Real Effective Exchange Rate (2005=100) 72.5 Aug 2024 monthly Dec 1979 - Aug 2024
Energy Last Frequency Range
Electricity Production (GWh) 8,415 Sep 2023 quarterly Mar 2005 - Sep 2023
Natural Gas Production: OPEC: Marketed Production (Cub m mn) 42,403.000 2023 yearly 1960 - 2023
Natural Gas: Exports (Cub m mn) 29,650.290 2023 yearly 1960 - 2023
Crude Oil: Production (Barrel/Day th) 1,324.000 Sep 2024 monthly Jan 2002 - Sep 2024
Crude Oil: Exports (Barrel/Day th) 1,476.170 2023 yearly 1980 - 2023
Tourism Last Frequency Range
Visitor Arrivals (Person) 5,265,000 2016 yearly 1995 - 2016
Visitor Arrivals Growth (%) -12.5 2016 yearly 1996 - 2016
Tourism Revenue (USD mn) 321 2020 yearly 1995 - 2020
Tourism Revenue Growth (%) -78.2 2020 yearly 1996 - 2020
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 13.8 Sep 2024 monthly Jul 2015 - Sep 2024
Financial Market Last Frequency Range
Equity Market Index (03Jan1984=100) 98,558.8 Sep 2024 monthly Jan 1985 - Sep 2024
Market Capitalization: % of GDP (%) 17.8 2023 yearly 1985 - 2023
Market Capitalization (USD mn) 35,374.295 Sep 2024 monthly Jan 1985 - Sep 2024
P/E ratio (NA) 107.985 2021 yearly 2014 - 2021
Market Capitalization: Nigeria Stock Exchange (NGN tn) 90.917 Apr 2024 monthly Jun 2008 - Apr 2024
Shares Trading: Nigeria Stock Exchange: Volume (Unit bn) 8.580 Apr 2024 monthly Jan 2008 - Apr 2024
Shares Trading: Nigeria Stock Exchange: Value (NGN bn) 173.110 Apr 2024 monthly Jan 2008 - Apr 2024
Transport and Telecommunications Last Frequency Range
Registered Motor Vehicles (Unit th) 11,605.207 2020 yearly 2005 - 2020
Container Port Throughput (TEU) 1,566,109.000 2022 yearly 2008 - 2022
Liner Shipping Connectivity Index (2004=100) 18.960 2018 yearly 2004 - 2018
Number of Subscriber Fixed Line (Unit) 96,996.000 2022 yearly 1960 - 2022
Number of Subscriber Mobile (Person) 224,000,000.000 2023 yearly 1960 - 2023
Teledensity: Fixed Line (Number) 0.049 2023 yearly 1960 - 2023
Teledensity: Mobile (Number) 101.686 2022 yearly 1960 - 2022
Exports: ICT Goods (USD th) 40,595.843 2021 yearly 2000 - 2021
Exports: Telecommunication Equipment (USD th) 16,492.156 2023 yearly 1995 - 2023
Exports: Television (USD th) 362.730 2023 yearly 1995 - 2023
Imports: ICT Goods (USD th) 1,435,493.543 2021 yearly 2000 - 2021
Imports: Telecommunication Equipment (USD th) 1,032,878.371 2023 yearly 1995 - 2023
Imports: Television (USD th) 191,985.454 2023 yearly 1995 - 2023

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