Nigeria

National Accounts Last Frequency Range
Nominal GDP (USD mn) 128,608.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Real GDP Growth (%) 2.2 Sep 2022 quarterly Mar 2011 - Sep 2022
Nominal GDP Growth (%) 15.184 Dec 2022 quarterly Mar 2011 - Dec 2022
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) 71,415.678 Jun 2022 quarterly Mar 2010 - Jun 2022
Private Consumption: % of GDP (%) 62.2 2021 yearly 1981 - 2021
Public Consumption Expenditure (USD mn) 4,975.960 Jun 2022 quarterly Mar 2010 - Jun 2022
Public Consumption: % of GDP (%) 5.1 2021 yearly 1981 - 2021
Investment: % of GDP (%) 33.8 2021 yearly 1981 - 2021
Gross Fixed Capital Formation (USD mn) 31,105.720 Jun 2022 quarterly Mar 2010 - Jun 2022
Gross National Product (GNP) (USD mn) 423,882.312 2021 yearly 1960 - 2021
Gross Savings Rate (%) 32.7 2021 yearly 1981 - 2021
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 (%) 33.758 Jun 2022 quarterly Mar 2010 - Jun 2022
Production Last Frequency Range
Industrial Production Index Growth (%) -10.5 Sep 2022 quarterly Mar 2011 - Sep 2022
Minerals Production (Metric Ton) 121,204,122.000 2021 yearly 2009 - 2021
Gold Production (kg) 160.000 2020 yearly 1993 - 2020
Motor Vehicle Production (Unit) 2,040.000 2008 yearly 1999 - 2008
Industrial Production Index (2010=100) 93.400 Sep 2022 quarterly Mar 2010 - Sep 2022
Industrial Production Index: Manufacturing (2010=100) 182.600 Sep 2022 quarterly Mar 2010 - Sep 2022
Industrial Production Index: Mining (2010=100) 53.100 Sep 2022 quarterly Mar 2010 - Sep 2022
Capacity Utilization Rate: Manufacturing (%) 51.300 Jun 2022 quarterly Dec 2008 - Jun 2022
Electricity Consumption: Average per Hour (MWh) 3,225.900 Sep 2022 quarterly Mar 2005 - Sep 2022
Electricity Generation: Average per Hour (MWh) 3,435.500 Sep 2022 quarterly Mar 2005 - Sep 2022
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.1 Sep 2022 quarterly Dec 2010 - Sep 2022
Consolidated Fiscal Balance (USD mn) -2,829.453 Sep 2022 quarterly Mar 2005 - Sep 2022
National Government Debt (USD mn) 91,210.8 Dec 2022 quarterly Dec 2006 - Dec 2022
Government Debt: % of GDP (%) 20.5 Dec 2022 quarterly Dec 2010 - Dec 2022
Forecast: Government Expenditure (NGN bn) 61,694.894 2028 yearly 1990 - 2028
Forecast: Government Net Debt (NGN bn) 194,807.410 2028 yearly 1990 - 2028
Forecast: Government Revenue (NGN bn) 28,883.150 2027 yearly 1990 - 2027
Federal Govt Expenditure: Capital (NGN bn) 416.170 Sep 2022 quarterly Mar 2005 - Sep 2022
Federal Govt Balance (NGN bn) -1,191.980 Sep 2022 quarterly Mar 2005 - Sep 2022
Federal Govt Expenditure: Recurrent (NGN bn) 1,785.720 Sep 2022 quarterly Mar 2005 - Sep 2022
Gross Federation Account Revenue (NGN bn) 3,675.430 Sep 2022 quarterly Mar 2005 - Sep 2022
Federal Govt Expenditure (NGN bn) 2,419.310 Sep 2022 quarterly Mar 2005 - Sep 2022
Federal Govt Revenue (NGN bn) 1,227.330 Sep 2022 quarterly Mar 2005 - Sep 2022
Gross Federation Account Revenue: Oil (NGN bn) 1,232.540 Sep 2022 quarterly Mar 2005 - Sep 2022
Government Debt: Domestic (NGN bn) 21,551.925 Sep 2022 quarterly Dec 2005 - Sep 2022
Demographic and Labour Market Last Frequency Range
Population (Person mn) 211.5 2021 yearly 1950 - 2021
Labour Force Participation Rate (%) 62.8 2020 yearly 1990 - 2020
Employed Persons (Person) 46,488,079.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Unemployment Rate (%) 33.28 Dec 2020 quarterly Mar 2012 - Dec 2020
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: Unemployment (Person) 23,187,389.000 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: Employment: Male (Person) 18,333,745.000 Dec 2020 quarterly Mar 2014 - Dec 2020
Labour Force: Economically Active: Female (Person) 30,152,418.000 Dec 2020 quarterly Mar 2014 - Dec 2020
Labour Force: Economically Active: Employment Female (Person) 12,238,695.000 Dec 2020 quarterly Mar 2014 - Dec 2020
Labour Force: Unemployment: Male (Person) 12,576,536.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Labour Force: Unemployment: Female (Person) 10,610,854.000 Dec 2020 quarterly Mar 2012 - 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 Dec 2019 semiannually Dec 2005 - Dec 2019
Motor Vehicle Sales: Passenger Cars (Unit) 5,100.000 Dec 2019 semiannually Dec 2005 - Dec 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 (%) 22.0 Mar 2023 monthly Jan 1961 - Mar 2023
Core CPI Change (%) 19.635 Mar 2023 monthly Jan 1996 - Mar 2023
CPI: Food and Non Alcoholic Beverage Change (%) 24.324 Mar 2023 monthly Jan 1996 - Mar 2023
Forecast: Consumer Price Index Growth (%) 14.000 2028 yearly 1996 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 0.879 2027 yearly 1991 - 2027
Trade Balance (USD mn) 2,505.4 Dec 2022 monthly Jan 2003 - Dec 2022
Total Exports (USD mn) 5,276.3 Dec 2022 monthly Jan 2003 - Dec 2022
Total Exports Growth (%) 36.5 Dec 2022 monthly Jan 2004 - Dec 2022
Aluminum: Exports (USD th) 184,648.639 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 1,929.878 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 1,331.613 2021 yearly 1995 - 2021
Total Imports (USD mn) 2,770.9 Dec 2022 monthly Jan 2003 - Dec 2022
Total Imports Growth (%) -24.7 Dec 2022 monthly Jan 2004 - Dec 2022
Imports: Medicament (USD th) 933,147.558 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 373,298.796 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 437.836 Dec 2022 monthly Jan 2003 - Dec 2022
Total Imports from USA (USD mn) 218.649 Dec 2022 monthly Dec 2009 - Dec 2022
Total Exports to China (USD mn) 67.775 Dec 2022 monthly Jan 2007 - Dec 2022
Total Imports from China (USD mn) 1,011.126 Dec 2022 monthly Jan 2007 - Dec 2022
Exports: Crude Oil (NGN mn) 1,716,909.916 Dec 2022 monthly Jan 2003 - Dec 2022
Total Trade (NGN mn) 3,588,807.260 Dec 2022 monthly Jan 2003 - Dec 2022
Exports: Europe: ow Netherlands (NGN mn) 217,328.195 Dec 2022 monthly Jan 2003 - Dec 2022
Exports: America: ow USA (NGN mn) 195,262.034 Dec 2022 monthly Jan 2003 - Dec 2022
Exports (NGN mn) 2,353,078.400 Dec 2022 monthly Jan 2003 - Dec 2022
Exports: Europe: ow UK (NGN mn) 2,244.714 Dec 2022 monthly Jan 2003 - Dec 2022
Imports: Europe: ow Netherlands (NGN mn) 13,640.713 Dec 2022 monthly Jan 2003 - Dec 2022
Imports: Europe: ow Germany (NGN mn) 40,880.700 Dec 2022 monthly Jan 2003 - Dec 2022
Imports: America: ow USA (NGN mn) 97,511.100 Dec 2022 monthly Jan 2003 - Dec 2022
Imports: Asia: ow China (NGN mn) 450,932.396 Dec 2022 monthly Jan 2007 - Dec 2022
Imports: Europe: ow UK (NGN mn) 28,629.834 Dec 2022 monthly Jan 2003 - Dec 2022
Exports: Mineral Products (NGN mn) 16,910,118.786 2021 yearly 2003 - 2021
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 44,635.113 2021 yearly 2003 - 2021
Imports: Chemicals and Chemical Products (NGN mn) 293,468.463 Sep 2022 monthly Jan 2003 - Sep 2022
Imports (NGN mn) 1,235,728.860 Dec 2022 monthly Jan 2003 - Dec 2022
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 101,598.165 Dec 2022 monthly Jan 2003 - Dec 2022
Imports: Manufactured Goods (NGN mn) 161,178.612 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Food and Live Animals (NGN mn) 206,092.421 Dec 2022 monthly Jan 2003 - Dec 2022
Imports: Machinery and Transport Equipment (NGN mn) 436,223.330 Dec 2022 monthly Jan 2003 - Dec 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 274.7 Dec 2022 quarterly Mar 2008 - Dec 2022
Current Account Balance (USD mn) 2,348.3 Dec 2022 quarterly Mar 2008 - Dec 2022
Current Account Balance: % of GDP (%) 1.8 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Direct Investment (USD mn) 752.7 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Direct Investment: % of GDP (%) 0.6 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Portfolio Investment (USD mn) 337.399 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) 0.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Foreign Portfolio Investment: Equity Securities (USD mn) -2.3 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 1,160.367 Sep 2022 quarterly Mar 2008 - Sep 2022
External Debt (USD mn) 39,661.7 Sep 2022 quarterly Dec 2006 - Sep 2022
External Debt: % of GDP (%) 8.8 2021 yearly 1985 - 2021
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) -1.502 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -77,562.105 2022 yearly 2005 - 2022
BoP: CF: Financial Account: Assets (USD mn) -622.315 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Income (USD mn) -3,532.770 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Goods (USD mn) 1,465.422 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Goods: Debit (USD mn) -12,702.530 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Current Transfers (USD mn) 5,442.967 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Capital Account (USD mn) 0.000 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) 94.452 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Income: Debit (USD mn) -3,829.377 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Services: Debit (USD mn) -4,428.113 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) -182.419 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 1,000.946 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Current Transfers: Credit (USD mn) 5,452.430 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: Net Errors & Omission (USD mn) -3,201.073 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) 1,880.509 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Current Transfers: Debit (USD mn) -114.326 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Income: Credit (USD mn) 296.607 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Goods: Credit (USD mn) 14,167.951 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Services: Credit (USD mn) 1,315.297 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account (USD mn) 2,984.792 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Liabilities (USD mn) 3,607.108 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Other Investment (USD mn) -1,699.632 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) 1,437.945 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Services (USD mn) -3,132.845 Dec 2022 quarterly Mar 2008 - Dec 2022
External Debt: Government (USD mn) 39,661.724 Sep 2022 quarterly Dec 2006 - Sep 2022
External Debt: Government: International Capital Market (USD mn) 15,618.352 Sep 2022 quarterly Mar 2011 - Sep 2022
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
Capital Inflow: Foreign Direct Investment (USD) 20,080,525.860 Nov 2022 monthly Jan 2007 - Nov 2022
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) 46,383.247 Mar 2023 monthly Nov 1992 - Mar 2023
Money Supply M2 (USD mn) 94,414.399 Jan 2023 monthly Nov 1992 - Jan 2023
M2 Growth (%) 18.7 Mar 2023 monthly Nov 1993 - Mar 2023
Reserve Requirement Ratio (%) 32.5 Apr 2023 monthly Nov 2005 - Apr 2023
Foreign Exchange Reserves (USD mn) 36,678.8 Feb 2023 monthly Jan 1960 - Feb 2023
Foreign Exchange Reserves: % of GDP (%) 7.888 Dec 2022 quarterly Dec 2010 - Dec 2022
Foreign Exchange Reserves: Months of Import (NA) 13.4 Dec 2022 monthly Jan 2003 - Dec 2022
Gold Reserves (USD mn) 1,406.391 Apr 2021 monthly Dec 1950 - Apr 2021
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) 153,353.1 Mar 2023 monthly Nov 1992 - Mar 2023
Domestic Credit Growth (%) 37.6 Jan 2023 monthly Nov 1993 - Jan 2023
Private Debt: % of Nominal GDP (%) 12.23 Dec 2021 quarterly Dec 2010 - Dec 2021
Monetary Survey: Liabilities: Base Money (NGN mn) 15,975,739.590 Mar 2023 monthly Jan 1993 - Mar 2023
Monetary Survey: Liabilities: M2: M1 (NGN mn) 20,964,941.910 Jan 2023 monthly Nov 1992 - Jan 2023
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 32,839,133.460 Mar 2023 monthly Nov 1992 - Mar 2023
Monetary Survey: Liabilities: M2 (NGN mn) 52,966,478.090 Jan 2023 monthly Nov 1992 - Jan 2023
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.950 Jun 2022 semiannually Dec 2003 - Jun 2022
Banking Statistics Last Frequency Range
Liquid Assets Ratio (%) 32.5 Mar 2020 monthly Jun 2001 - Mar 2020
Capital Adequacy Ratio (%) 14.6 2021 yearly 2004 - 2021
Interest and Foreign Exchange Rates Last Frequency Range
Bank Lending Rate (% pa) 13.970 Mar 2023 monthly Jan 2006 - Mar 2023
Exchange Rate against USD (USD/NGN) 460.418 Apr 2023 monthly Jan 1957 - Apr 2023
Policy Rate (% pa) 18.00 Mar 2023 monthly Dec 2006 - Mar 2023
Short Term Interest Rate (% pa) 12.51 Apr 2023 monthly Jan 2010 - Apr 2023
Real Effective Exchange Rate (2005=100) 177.3 Feb 2023 monthly Dec 1979 - Feb 2023
Energy Last Frequency Range
Electricity Production (GWh) 7,421 Sep 2022 quarterly Mar 2005 - Sep 2022
Natural Gas Production: OPEC: Marketed Production (Cub m mn) 48,572.312 2021 yearly 1960 - 2021
Natural Gas: Exports (Cub m mn) 38,464.214 2021 yearly 1960 - 2021
Crude Oil: Production (Barrel/Day th) 1,380.000 Feb 2023 monthly Jan 2002 - Feb 2023
Crude Oil: Exports (Barrel/Day th) 1,592.333 2021 yearly 1980 - 2021
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) -3.4 Aug 2022 monthly Jul 2015 - Aug 2022
Financial Market Last Frequency Range
Equity Market Index (03Jan1984=100) 52,235.9 Apr 2023 monthly Jan 1985 - Apr 2023
Market Capitalization: % of GDP (%) 14.0 2022 yearly 1985 - 2022
Market Capitalization (USD mn) 64,176.574 Mar 2023 monthly Jan 1985 - Mar 2023
P/E ratio (NA) 107.985 2021 yearly 2014 - 2021
Market Capitalization: Nigeria Stock Exchange (NGN tn) 49.138 Nov 2022 monthly Jun 2008 - Nov 2022
Shares Trading: Nigeria Stock Exchange: Volume (Unit bn) 4.250 Nov 2022 monthly Jan 2008 - Nov 2022
Shares Trading: Nigeria Stock Exchange: Value (NGN bn) 60.200 Aug 2022 monthly Jan 2008 - Aug 2022
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 2021 yearly 2008 - 2021
Liner Shipping Connectivity Index (2004=100) 18.960 2018 yearly 2004 - 2018
Number of Subscriber Fixed Line (Unit) 106,385.000 2021 yearly 1960 - 2021
Number of Subscriber Mobile (Person) 195,128,265.000 2021 yearly 1960 - 2021
Teledensity: Fixed Line (Number) 0.050 2021 yearly 1960 - 2021
Teledensity: Mobile (Number) 91.437 2021 yearly 1960 - 2021
Exports: ICT Goods (USD th) 40,595.838 2021 yearly 2000 - 2021
Exports: Telecommunication Equipment (USD th) 6,495.097 2021 yearly 1995 - 2021
Exports: Television (USD th) 603.749 2021 yearly 1995 - 2021
Imports: ICT Goods (USD th) 1,435,493.494 2021 yearly 2000 - 2021
Imports: Telecommunication Equipment (USD th) 1,213,190.717 2021 yearly 1995 - 2021
Imports: Television (USD th) 227,998.226 2021 yearly 1995 - 2021
Passenger Traffic: Airport (Person) 15,225,627.000 2021 yearly 2003 - 2021

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