Nigeria

National Accounts Last Frequency Range
Nominal GDP (USD mn) 114,788.1 Dec 2020 quarterly Mar 2010 - Dec 2020
Real GDP Growth (%) 0.1 Dec 2020 quarterly Mar 2011 - Dec 2020
Nominal GDP Growth (%) 12.251 Mar 2021 quarterly Mar 2011 - Mar 2021
GDP per Capita (USD) 2,073.783 2020 yearly 1981 - 2020
GDP Deflator Growth (%) 9.9 Dec 2020 quarterly Mar 2011 - Dec 2020
Private Consumption Expenditure (USD mn) 80,125.427 Dec 2020 quarterly Mar 2010 - Dec 2020
Private Consumption: % of GDP (%) 69.6 2020 yearly 1981 - 2020
Public Consumption Expenditure (USD mn) 7,565.553 Dec 2020 quarterly Mar 2010 - Dec 2020
Public Consumption: % of GDP (%) 8.7 2020 yearly 1981 - 2020
Investment: % of GDP (%) 29.4 2020 yearly 1981 - 2020
Gross Fixed Capital Formation (USD mn) 36,185.944 Dec 2020 quarterly Mar 2010 - Dec 2020
Gross National Product (GNP) (USD mn) 433,449.465 2019 yearly 1960 - 2019
Gross Savings Rate (%) 21.7 2020 yearly 1981 - 2020
Forecast: GDP PPP Per Capita (PPP Intl $) 5,793.520 2026 yearly 1990 - 2026
Forecast: Nominal GDP Per Capita (USD) 4,033.210 2026 yearly 1990 - 2026
Forecast: Real GDP Growth (%) 2.198 2026 yearly 1991 - 2026
Total Trade of Goods & Services: % of Nominal GDP (%) 21.771 Dec 2020 quarterly Mar 2010 - Dec 2020
Production Last Frequency Range
Industrial Production Index Growth (%) 0.7 Mar 2021 quarterly Mar 2011 - Mar 2021
Minerals Production (Metric Ton) 142,334,709.000 2019 yearly 2009 - 2019
Gold Production (kg) 39.000 2018 yearly 1993 - 2018
Motor Vehicle Production (Unit) 2,040.000 2008 yearly 1999 - 2008
Industrial Production Index: Manufacturing (2010=100) 190.813 Mar 2021 quarterly Mar 2010 - Mar 2021
Industrial Production Index (2010=100) 113.257 Mar 2021 quarterly Mar 2010 - Mar 2021
Industrial Production Index: Mining (2010=100) 80.015 Mar 2021 quarterly Mar 2010 - Mar 2021
Capacity Utilization Rate: Manufacturing (%) 45.400 Dec 2020 quarterly Dec 2008 - Dec 2020
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.8 Dec 2020 quarterly Dec 2010 - Dec 2020
Consolidated Fiscal Balance (USD mn) -3,910.052 Dec 2020 quarterly Mar 2005 - Dec 2020
National Government Debt (USD mn) 76,375.0 Mar 2021 quarterly Dec 2006 - Mar 2021
Government Debt: % of GDP (%) 18.8 Dec 2020 quarterly Dec 2010 - Dec 2020
Forecast: Government Expenditure (NGN bn) 44,913.220 2026 yearly 1990 - 2026
Forecast: Government Net Debt (NGN bn) 135,441.460 2026 yearly 1990 - 2026
Forecast: Government Revenue (NGN bn) 24,435.680 2026 yearly 1990 - 2026
Federal Govt Expenditure: Capital (NGN bn) 622.130 Dec 2020 quarterly Mar 2005 - Dec 2020
Federal Govt Expenditure (NGN bn) 2,387.460 Dec 2020 quarterly Mar 2005 - Dec 2020
Gross Federation Account Revenue (NGN bn) 2,208.100 Dec 2020 quarterly Mar 2005 - Dec 2020
Federal Govt Balance (NGN bn) -1,483.930 Dec 2020 quarterly Mar 2005 - Dec 2020
Federal Govt Expenditure: Recurrent (NGN bn) 1,720.090 Dec 2020 quarterly Mar 2005 - Dec 2020
Federal Govt Revenue (NGN bn) 903.520 Dec 2020 quarterly Mar 2005 - Dec 2020
Gross Federation Account Revenue: Oil (NGN bn) 985.570 Dec 2020 quarterly Mar 2005 - Dec 2020
Government Debt: Domestic (NGN bn) 16,513.929 Mar 2021 quarterly Dec 2005 - Mar 2021
Demographic and Labour Market Last Frequency Range
Population (Person mn) 206.1 2020 yearly 1950 - 2020
Labour Force Participation Rate (%) 53.4 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) 239.073 2026 yearly 1980 - 2026
Forecast: Employment (Person mn) 0.000 yearly -
Forecast: Unemployment Rate (%) 22.562 2018 yearly 2010 - 2018
Population: Male (Person mn) 101.447 2017 yearly 2006 - 2017
Population: Female (Person mn) 98.234 2017 yearly 2006 - 2017
Labour Force: Unemployment: Male (Person) 12,576,536.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Labour Force: Economically Active (Person) 69,675,468.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Labour Force: Economically Active: Employment: Male (Person) 18,333,745.000 Dec 2020 quarterly Mar 2014 - Dec 2020
Labour Force: Economically Active: Employment (Person) 46,488,079.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Labour Force: Economically Active: Employment Female (Person) 12,238,695.000 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: Male (Person) 39,523,050.000 Dec 2020 quarterly Mar 2014 - Dec 2020
Labour Force: Unemployment: Female (Person) 10,610,854.000 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 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 (%) 17.8 Jun 2021 monthly Jan 1961 - Jun 2021
Core CPI Change (%) 13.681 Jun 2021 monthly Jan 1996 - Jun 2021
CPI: Food and Non Alcoholic Beverage Change (%) 21.712 Jun 2021 monthly Jan 1996 - Jun 2021
Forecast: Consumer Price Index Growth (%) 10.485 2026 yearly 1996 - 2026
Consumer Price Index: Alcoholic Beverages, Tobacco and Kola (Nov2009=100) 282.562 Jun 2021 monthly Jan 1995 - Jun 2021
Consumer Price Index: Food and Non Alcoholic Beverages (Nov2009=100) 440.256 Jun 2021 monthly Jan 1995 - Jun 2021
Consumer Price Index (Nov2009=100) 383.955 Jun 2021 monthly Jan 1995 - Jun 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.040 2026 yearly 1991 - 2026
Trade Balance (USD mn) -2,959.9 Mar 2021 monthly Jan 2003 - Mar 2021
Total Exports (USD mn) 2,820.2 Mar 2021 monthly Jan 2003 - Mar 2021
Total Exports Growth (%) 11.0 Mar 2021 monthly Jan 2004 - Mar 2021
Aluminum: Exports (USD th) 88,212.341 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 1,904.451 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 704.590 2020 yearly 1995 - 2020
Total Imports (USD mn) 5,780.1 Mar 2021 monthly Jan 2003 - Mar 2021
Total Imports Growth (%) 44.4 Mar 2021 monthly Jan 2004 - Mar 2021
Imports: Medicament (USD th) 965,920.024 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 434,946.956 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 36.075 Sep 2020 monthly Jan 2003 - Sep 2020
Total Imports from USA (USD mn) 422.719 Dec 2020 monthly Dec 2009 - Dec 2020
Total Exports to China (USD mn) 214.635 Mar 2021 monthly Jan 2007 - Mar 2021
Total Imports from China (USD mn) 1,440.816 Dec 2020 monthly Jan 2007 - Dec 2020
Total Trade (NGN mn) 3,263,824.154 Mar 2021 monthly Jan 2003 - Mar 2021
Exports: Crude Oil (NGN mn) 664,897.316 Mar 2021 monthly Jan 2003 - Mar 2021
Exports: America: ow USA (NGN mn) 24,895.523 Mar 2021 monthly Jan 2003 - Mar 2021
Exports: Europe: ow Netherlands (NGN mn) 60,277.030 Mar 2021 monthly Jan 2003 - Mar 2021
Exports (NGN mn) 1,070,267.123 Mar 2021 monthly Jan 2003 - Mar 2021
Exports: Europe: ow UK (NGN mn) 39,434.810 Mar 2021 monthly Jan 2003 - Mar 2021
Imports: Europe: ow Germany (NGN mn) 54,563.268 Mar 2021 monthly Jan 2003 - Mar 2021
Imports: Europe: ow UK (NGN mn) 35,761.415 Mar 2021 monthly Jan 2003 - Mar 2021
Imports: Asia: ow China (NGN mn) 757,807.681 Mar 2021 monthly Jan 2007 - Mar 2021
Imports: America: ow USA (NGN mn) 251,380.868 Mar 2021 monthly Jan 2003 - Mar 2021
Imports: Europe: ow Netherlands (NGN mn) 93,317.314 Mar 2021 monthly Jan 2003 - Mar 2021
Imports (NGN mn) 2,193,557.031 Mar 2021 monthly Jan 2003 - Mar 2021
Imports: Food and Live Animals (NGN mn) 288,028.657 Mar 2021 monthly Jan 2003 - Mar 2021
Imports: Machinery and Transport Equipment (NGN mn) 958,035.327 Mar 2021 monthly Jan 2003 - Mar 2021
Imports: Chemicals and Chemical Products (NGN mn) 355,996.591 Mar 2021 monthly Jan 2003 - Mar 2021
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 124,468.404 Mar 2021 monthly Jan 2003 - Mar 2021
Imports: Manufactured Goods (NGN mn) 237,319.776 Mar 2021 monthly Jan 2003 - Mar 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 186.9 Mar 2021 quarterly Mar 2008 - Mar 2021
Current Account Balance (USD mn) -3,337.9 Sep 2020 quarterly Mar 2008 - Sep 2020
Current Account Balance: % of GDP (%) -3.2 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Direct Investment (USD mn) 775.2 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Direct Investment: % of GDP (%) 2.0 Mar 2021 quarterly Mar 2010 - Mar 2021
Foreign Portfolio Investment (USD mn) 2,426.454 Mar 2021 quarterly Mar 2008 - Mar 2021
Foreign Portfolio Investment: % of GDP (%) 1.7 Sep 2020 quarterly Mar 2010 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 125.5 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 1,616.928 Sep 2020 quarterly Mar 2008 - Sep 2020
External Debt (USD mn) 32,860.0 Mar 2021 quarterly Dec 2006 - Mar 2021
External Debt: % of GDP (%) 7.8 2020 yearly 1985 - 2020
External Debt: Short Term (USD mn) 310.7 2018 yearly 2008 - 2018
External Debt: Short Term: % of GDP (%) 0.1 2018 yearly 2008 - 2018
Forecast: Current Account Balance (USD bn) -8.103 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -85,210.476 2020 yearly 2005 - 2020
BoP: CA: Goods: Debit (USD mn) -11,943.683 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CA: Current Transfers: Credit (USD mn) 6,175.278 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) 1,252.946 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) 1,304.584 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CF: Financial Account: Liabilities (USD mn) 5,817.779 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CF: Financial Account: Assets (USD mn) 2,069.202 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CA: Income: Debit (USD mn) -988.819 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: Net Errors & Omission (USD mn) -6,136.341 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CA: Services: Credit (USD mn) 1,196.837 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CA: Income (USD mn) -683.038 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) -186.940 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CA: Services: Debit (USD mn) -4,098.916 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CA: Current Transfers: Debit (USD mn) -109.402 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CA: Goods: Credit (USD mn) 7,712.285 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CA: Goods (USD mn) -4,231.398 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CA: Current Transfers (USD mn) 6,065.876 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 2,426.454 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CA: Income: Credit (USD mn) 305.781 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CF: Financial Account (USD mn) 7,886.981 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CF: Capital Account (USD mn) 0.000 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) -24.669 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CA: Services (USD mn) -2,902.079 Mar 2021 quarterly Mar 2008 - Mar 2021
BoP: CF: Financial Account: Assets: Other Investment (USD mn) 976.227 Mar 2021 quarterly Mar 2008 - Mar 2021
External Debt: Government: International Capital Market (USD mn) 10,368.350 Mar 2021 quarterly Mar 2011 - Mar 2021
External Debt: Government (USD mn) 32,859.990 Mar 2021 quarterly Dec 2006 - Mar 2021
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
Capital Inflow: Foreign Direct Investment (USD) 52,654,783.060 Mar 2021 monthly Jan 2007 - Mar 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 11.4 2018 yearly 2003 - 2018
Money Supply M1 (USD mn) 39,751.015 May 2021 monthly Nov 1992 - May 2021
Money Supply M2 (USD mn) 94,869.415 May 2021 monthly Nov 1992 - May 2021
M2 Growth (%) 18.7 May 2021 monthly Nov 1993 - May 2021
Reserve Requirement Ratio (%) 27.5 Apr 2021 monthly Nov 2005 - Apr 2021
Foreign Exchange Reserves (USD mn) 34,820.5 Mar 2021 monthly Jan 1960 - Mar 2021
Foreign Exchange Reserves: % of GDP (%) 8.374 Mar 2021 quarterly Dec 2010 - Mar 2021
Foreign Exchange Reserves: Months of Import (NA) 6.1 Mar 2021 monthly Jan 2003 - Mar 2021
Gold Reserves (USD mn) 0.062 Jan 2018 monthly Dec 1950 - Jan 2018
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) 109,182.6 May 2021 monthly Nov 1992 - May 2021
Domestic Credit Growth (%) 14.9 May 2021 monthly Nov 1993 - May 2021
Private Debt: % of Nominal GDP (%) 11.41 Sep 2020 quarterly Dec 2010 - Sep 2020
Monetary Survey: Liabilities: Base Money (NGN mn) 13,064,025.440 May 2021 monthly Jan 1993 - May 2021
Monetary Survey: Liabilities: M2 (NGN mn) 38,849,025.370 May 2021 monthly Nov 1992 - May 2021
Monetary Survey: Liabilities: M2: M1 (NGN mn) 16,278,040.690 May 2021 monthly Nov 1992 - May 2021
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 22,570,984.680 May 2021 monthly Nov 1992 - May 2021
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 9.335 Jun 2019 semiannually Dec 2003 - Jun 2019
Banking Statistics Last Frequency Range
Liquid Assets Ratio (%) 32.5 Mar 2020 monthly Jun 2001 - Mar 2020
Capital Adequacy Ratio (%) 15.3 2018 yearly 2004 - 2018
Interest and Foreign Exchange Rates Last Frequency Range
Bank Lending Rate (% pa) 11.290 May 2021 monthly Jan 2006 - May 2021
Exchange Rate against USD (NGN/USD) 379.500 Apr 2021 monthly Jan 1957 - Apr 2021
Policy Rate (% pa) 11.50 Apr 2021 monthly Dec 2006 - Apr 2021
Short Term Interest Rate (% pa) 13.87 Apr 2021 monthly Jan 2010 - Apr 2021
Real Effective Exchange Rate (2005=100) 130.8 May 2021 monthly Dec 1979 - May 2021
Energy Last Frequency Range
Electricity Production (GWh) 8,089 Dec 2020 quarterly Mar 2005 - Dec 2020
Natural Gas Production: OPEC: Marketed Production (Cub m mn) 47,827.878 2019 yearly 1963 - 2019
Natural Gas: Exports (Cub m mn) 35,953.100 2019 yearly 1960 - 2019
Crude Oil: Production (Barrel/Day th) 1,399.000 Jun 2021 monthly Jan 2002 - Jun 2021
Crude Oil: Exports (Barrel/Day th) 2,008.228 2019 yearly 1980 - 2019
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) 1,471 2019 yearly 1995 - 2019
Tourism Revenue Growth (%) -25.6 2019 yearly 1996 - 2019
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -22.4 Dec 2020 monthly Jul 2015 - Dec 2020
Financial Market Last Frequency Range
Equity Market Index (03Jan1984=100) 39,834.4 Apr 2021 monthly Jan 1985 - Apr 2021
Market Capitalization: % of GDP (%) 13.8 2020 yearly 1985 - 2020
Market Capitalization (USD mn) 48,924.871 May 2021 monthly Jan 1985 - May 2021
P/E ratio (NA) 20.073 2020 yearly 2014 - 2020
Market Capitalization: Nigeria Stock Exchange (NGN tn) 38.351 Mar 2021 monthly Jun 2008 - Mar 2021
Shares Trading: Nigeria Stock Exchange: Volume (Unit bn) 8.850 Mar 2021 monthly Jan 2008 - Mar 2021
Shares Trading: Nigeria Stock Exchange: Value (NGN bn) 114.480 Mar 2021 monthly Jan 2008 - Mar 2021
Transport and Telecommunications Last Frequency Range
Motor Vehicle Registered (Unit th) 3,750.000 2015 yearly 2005 - 2015
Container Port Throughput (TEU) 1,484,000.000 2019 yearly 2008 - 2019
Liner Shipping Connectivity Index (2004=100) 18.960 2018 yearly 2004 - 2018
Number of Subscriber Fixed Line (Unit) 107,154.000 2019 yearly 1960 - 2019
Number of Subscriber Mobile (Person) 184,592,255.000 2019 yearly 1960 - 2019
Teledensity: Fixed Line (Number) 0.053 2019 yearly 1960 - 2019
Teledensity: Mobile (Number) 91.854 2019 yearly 1960 - 2019
Exports: ICT Goods (USD th) 1,124.305 2019 yearly 2000 - 2019
Exports: Telecommunication Equipment (USD th) 5,439.116 2020 yearly 1995 - 2020
Exports: Television (USD th) 727.451 2020 yearly 1995 - 2020
Imports: ICT Goods (USD th) 1,760,516.408 2019 yearly 2000 - 2019
Imports: Telecommunication Equipment (USD th) 1,516,018.082 2020 yearly 1995 - 2020
Imports: Television (USD th) 365,392.512 2020 yearly 1995 - 2020
Passenger Traffic: Airport (Person) 17,230,438.000 2018 yearly 2003 - 2018

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data