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 (%) 16.080 Sep 2023 quarterly Mar 2011 - Sep 2023
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) 63,343.172 Jun 2023 quarterly Mar 2010 - Jun 2023
Private Consumption: % of GDP (%) 65.0 2022 yearly 1981 - 2022
Public Consumption Expenditure (USD mn) 4,663.659 Jun 2023 quarterly Mar 2010 - Jun 2023
Public Consumption: % of GDP (%) 4.4 2022 yearly 1981 - 2022
Investment: % of GDP (%) 33.0 2022 yearly 1981 - 2022
Gross Fixed Capital Formation (USD mn) 35,279.191 Jun 2023 quarterly Mar 2010 - Jun 2023
Gross National Product (GNP) (USD mn) 459,752.025 2022 yearly 1960 - 2022
Gross Savings Rate (%) 30.6 2022 yearly 1981 - 2022
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 (%) 29.308 Jun 2023 quarterly Mar 2010 - Jun 2023
Production Last Frequency Range
Industrial Production Index Growth (%) 3.8 Dec 2023 quarterly Mar 2011 - Dec 2023
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) 183.500 Sep 2023 quarterly Mar 2010 - Sep 2023
Industrial Production Index (2010=100) 93.100 Sep 2023 quarterly Mar 2010 - Sep 2023
Industrial Production Index: Mining (2010=100) 52.100 Sep 2023 quarterly Mar 2010 - Sep 2023
Capacity Utilization Rate: Manufacturing (%) 54.900 Jun 2023 quarterly Dec 2008 - Jun 2023
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 (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Consolidated Fiscal Balance (USD mn) -3,071.175 Sep 2023 quarterly Mar 2005 - Sep 2023
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 39.8 Dec 2023 quarterly Dec 2010 - Dec 2023
Forecast: Government Expenditure (NGN bn) 99,387.936 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 205,772.040 2028 yearly 1990 - 2028
Forecast: Government Revenue (NGN bn) 74,924.965 2029 yearly 1990 - 2029
Federal Govt Balance (NGN bn) -2,347.160 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure: Capital (NGN bn) 1,043.310 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure: Recurrent (NGN bn) 2,791.110 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue: Oil (NGN bn) 814.230 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue (NGN bn) 4,791.390 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Revenue (NGN bn) 1,693.020 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure (NGN bn) 4,040.180 Sep 2023 quarterly Mar 2005 - Sep 2023
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: 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: 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 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 (%) 33.2 Mar 2024 monthly Jan 1961 - Mar 2024
Core CPI Change (%) 25.895 Mar 2024 monthly Jan 1996 - Mar 2024
CPI: Food and Non Alcoholic Beverage Change (%) 39.799 Mar 2024 monthly Jan 1996 - Mar 2024
Forecast: Consumer Price Index Growth (%) 14.000 2028 yearly 1996 - 2028
Consumer Price Index: Food and Non Alcoholic Beverages (Nov2009=100) 868.797 Mar 2024 monthly Jan 1995 - Mar 2024
Consumer Price Index: Alcoholic Beverages, Tobacco and Kola (Nov2009=100) 443.149 Mar 2024 monthly Jan 1995 - Mar 2024
Consumer Price Index (Nov2009=100) 701.948 Mar 2024 monthly Jan 1995 - Mar 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,889.4 Sep 2023 monthly Jan 2003 - Sep 2023
Total Exports (USD mn) 4,751.7 Dec 2023 monthly Jan 2003 - Dec 2023
Total Exports Growth (%) 82.1 Dec 2023 monthly Jan 2004 - Dec 2023
Aluminum: Exports (USD th) 165,856.846 2022 yearly 1995 - 2022
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 (%) 34.5 Sep 2023 monthly Jan 2004 - Sep 2023
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) 332.105 Dec 2023 monthly Jan 2003 - Dec 2023
Total Imports from USA (USD mn) 176.789 Dec 2023 monthly Dec 2009 - Dec 2023
Total Exports to China (USD mn) 24.772 Sep 2023 monthly Jan 2007 - Sep 2023
Total Imports from China (USD mn) 715.679 Sep 2023 monthly Jan 2007 - Sep 2023
Imports (NGN mn) 2,429,185.197 Sep 2023 monthly Jan 2003 - Sep 2023
Exports: Crude Oil (NGN mn) 3,404,818.113 Dec 2023 monthly Jan 2003 - Dec 2023
Total Trade (NGN mn) 6,865,948.584 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: America: ow USA (NGN mn) 299,453.208 Dec 2023 monthly Jan 2003 - Dec 2023
Exports (NGN mn) 4,284,566.609 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Europe: ow UK (NGN mn) 93,037.938 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Europe: ow Netherlands (NGN mn) 523,568.988 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Mineral Products (NGN mn) 24,389,951.388 2022 yearly 2003 - 2022
Exports: Vegetable Products (NGN mn) 316,546.604 2022 yearly 2003 - 2022
Imports: Europe: ow Netherlands (NGN mn) 158,090.619 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Europe: ow Germany (NGN mn) 68,742.651 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: Asia: ow China (NGN mn) 631,502.155 Dec 2023 monthly Jan 2007 - Dec 2023
Imports: America: ow USA (NGN mn) 159,407.643 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Europe: ow UK (NGN mn) 71,966.938 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: Manufactured Goods (NGN mn) 184,959.341 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 810,486.908 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Food and Live Animals (NGN mn) 364,417.505 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Chemicals and Chemical Products (NGN mn) 385,751.608 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Machinery and Transport Equipment (NGN mn) 639,703.694 Sep 2023 monthly Jan 2003 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 44.0 Sep 2023 quarterly Mar 2008 - Sep 2023
Current Account Balance (USD mn) 1,545.4 Sep 2023 quarterly Mar 2014 - Sep 2023
Current Account Balance: % of GDP (%) 1.9 Sep 2023 quarterly Mar 2014 - Sep 2023
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.1 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment (USD mn) 2,876.923 Sep 2023 quarterly Mar 2008 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 3.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 270.9 Sep 2023 quarterly Mar 2008 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 2,606.059 Sep 2023 quarterly Mar 2008 - Sep 2023
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) 0.890 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -90,273.874 2022 yearly 2005 - 2022
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: Government: International Capital Market (USD mn) 15,118.350 Dec 2023 quarterly Mar 2011 - Dec 2023
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) 24,423.728 Mar 2024 monthly Nov 1992 - Mar 2024
Money Supply M2 (USD mn) 69,409.454 Mar 2024 monthly Nov 1992 - Mar 2024
M2 Growth (%) 70.4 Mar 2024 monthly Nov 1993 - Mar 2024
Reserve Requirement Ratio (%) 45.0 Apr 2024 monthly Nov 2005 - Apr 2024
Foreign Exchange Reserves (USD mn) 33,217.6 Dec 2023 monthly Jan 1960 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 8.942 Dec 2023 quarterly Dec 2010 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 11.6 Dec 2023 monthly Jan 2003 - Dec 2023
Gold Reserves (USD mn) 1,273.284 Sep 2023 monthly Dec 1950 - Sep 2023
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) 68,258.1 Mar 2024 monthly Nov 1992 - Mar 2024
Domestic Credit Growth (%) 28.7 Mar 2024 monthly Nov 1993 - Mar 2024
Private Debt: % of Nominal GDP (%) 16.22 Sep 2023 quarterly Dec 2010 - Sep 2023
Monetary Survey: Liabilities: M2: M1 (NGN mn) 32,489,908.180 Mar 2024 monthly Nov 1992 - Mar 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 23,384,818.660 Mar 2024 monthly Jan 1993 - Mar 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 59,842,712.030 Mar 2024 monthly Nov 1992 - Mar 2024
Monetary Survey: Liabilities: M2 (NGN mn) 92,332,620.210 Mar 2024 monthly Nov 1992 - Mar 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.210 Dec 2022 semiannually Dec 2003 - Dec 2022
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) 15.700 Mar 2024 monthly Jan 2006 - Mar 2024
Exchange Rate against USD (USD/NGN) 460.702 May 2023 monthly Jan 1957 - May 2023
Policy Rate (% pa) 24.75 Apr 2024 monthly Dec 2006 - Apr 2024
Short Term Interest Rate (% pa) 25.42 Apr 2024 monthly Jan 2010 - Apr 2024
Real Effective Exchange Rate (2005=100) 66.0 Mar 2024 monthly Dec 1979 - Mar 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) 44,307.050 2022 yearly 1960 - 2022
Natural Gas: Exports (Cub m mn) 32,190.000 2022 yearly 1960 - 2022
Crude Oil: Production (Barrel/Day th) 1,398.000 Mar 2024 monthly Jan 2002 - Mar 2024
Crude Oil: Exports (Barrel/Day th) 1,388.260 2022 yearly 1980 - 2022
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) -0.6 Nov 2023 monthly Jul 2015 - Nov 2023
Financial Market Last Frequency Range
Equity Market Index (03Jan1984=100) 98,225.6 Apr 2024 monthly Jan 1985 - Apr 2024
Market Capitalization: % of GDP (%) 17.8 2023 yearly 1985 - 2023
Market Capitalization (USD mn) 41,778.453 Apr 2024 monthly Jan 1985 - Apr 2024
P/E ratio (NA) 107.985 2021 yearly 2014 - 2021
Market Capitalization: Nigeria Stock Exchange (NGN tn) 72.524 Nov 2023 monthly Jun 2008 - Nov 2023
Shares Trading: Nigeria Stock Exchange: Volume (Unit bn) 10.700 Nov 2023 monthly Jan 2008 - Nov 2023
Shares Trading: Nigeria Stock Exchange: Value (NGN bn) 150.350 Nov 2023 monthly Jan 2008 - Nov 2023
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) 222,225,300.000 2022 yearly 1960 - 2022
Teledensity: Fixed Line (Number) 0.044 2022 yearly 1960 - 2022
Teledensity: Mobile (Number) 101.686 2022 yearly 1960 - 2022
Exports: ICT Goods (USD th) 40,595.838 2021 yearly 2000 - 2021
Exports: Telecommunication Equipment (USD th) 10,162.548 2022 yearly 1995 - 2022
Exports: Television (USD th) 479.430 2022 yearly 1995 - 2022
Imports: ICT Goods (USD th) 1,435,493.494 2021 yearly 2000 - 2021
Imports: Telecommunication Equipment (USD th) 10,162.548 2022 yearly 1995 - 2022
Imports: Television (USD th) 479.430 2022 yearly 1995 - 2022
Passenger Traffic: Airport (Person) 15,225,627.000 2021 yearly 2003 - 2021

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