Nigeria Business Confidence Growth

2015 - 2020 | Monthly | % Point | CEIC Data

Nigeria Business Confidence dropped by 22.4 % in Dec 2020, compared with a decrease of 18.2 % YoY in the previous month. Nigeria Business Confidence: YoY Change is updated monthly, available from Jul 2015 to Dec 2020, with an averaged rate of 1.6 %. The data reached an all-high of 25.6 % in Sep 2017 and a record low of -32.6 % in Jun 2020. CEIC calculates Business Confidence Change from monthly Purchasing Managers Index. The Central Bank of Nigeria provides Purchasing Managers Index with range from 0 to 100 with neutral point 50. Business Confidence covers Manufacturing sectors only.

Nigeria Business Confidence: Net Balance added 2.5% points in Dec 2020, compared with an increase of 2.2 % points in the previous month.

View Nigeria's Business Confidence Growth from Jul 2015 to Dec 2020 in the chart:

Nigeria Business Confidence Growth

What was Nigeria's Business Confidence Growth in Dec 2020?

Last Previous Min Max Unit Frequency Range
-22.4 Dec 2020 -18.2 Nov 2020 -32.6 Jun 2020 25.6 Sep 2017 % Point monthly Jul 2015 - Dec 2020

Business Confidence Growth by Country Comparison

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Includes Business Confidence Growth on 72 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% Point) -17.7 Mar 2021 quarterly Dec 2003 - Mar 2021
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) 4.6 Aug 2021 monthly Aug 2007 - Aug 2021
Austria (% Point) 34.0 Aug 2021 monthly Jan 1986 - Aug 2021
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) 21.2 Aug 2021 monthly Jan 1981 - Aug 2021
Brazil (% Point) 11.2 Aug 2021 monthly Jan 2010 - Aug 2021
Bulgaria (% Point) 10.5 Aug 2021 monthly Jan 1994 - Aug 2021
Canada (% Point) -24.2 Jul 2021 monthly Dec 2001 - Jul 2021
Chile (% Point) 30.2 Mar 2021 monthly Nov 2004 - Mar 2021
China (% Point) -1.8 Aug 2021 monthly Jan 2006 - Aug 2021
Colombia (% Point) 41.8 Mar 2021 monthly Jan 1981 - Mar 2021
Croatia (% Point) 22.6 Aug 2021 monthly May 2009 - Aug 2021
Cyprus (% Point) 74.0 Aug 2021 monthly May 2003 - Aug 2021
Czech Republic (% Point) 5.0 Aug 2021 monthly Mar 1994 - Aug 2021
Denmark (% Point) 14.0 Aug 2021 monthly Jan 1999 - Aug 2021
Ecuador (%) 1.0 Oct 2020 monthly May 2008 - Oct 2020
Estonia (% Point) 26.0 Aug 2021 monthly May 2002 - Aug 2021
European Union (% Point) 24.9 Aug 2021 monthly Jan 1986 - Aug 2021
Finland (% Point) 43.9 Aug 2021 monthly Jan 1994 - Aug 2021
France (% Point) 12.9 Aug 2021 monthly Jan 1986 - Aug 2021
Georgia (% Point) -42.5 Mar 2021 quarterly Dec 2014 - Mar 2021
Germany (% Point) 31.5 Aug 2021 monthly Jan 1992 - Aug 2021
Ghana (%) -3.5 Feb 2021 monthly Dec 2013 - Feb 2021
Greece (% Point) 26.0 Aug 2021 monthly Jan 1986 - Aug 2021
Hong Kong SAR, China (% Point) 20.0 Jun 2021 quarterly Mar 2009 - Jun 2021
Hungary (% Point) 21.4 Aug 2021 monthly Jan 1997 - Aug 2021
Iceland (% Point) 115.6 Mar 2021 quarterly Mar 2007 - Mar 2021
India (% Point) 10.8 Jun 2021 quarterly Jun 2001 - Jun 2021
Indonesia (% Point) 53.4 Jun 2021 quarterly Mar 2011 - Jun 2021
Israel (% Point) 26.8 May 2021 monthly Jan 2016 - May 2021
Italy (% Point) 27.5 Aug 2021 monthly Jan 1986 - Aug 2021
Japan (% Point) 15.0 Jun 2021 quarterly Mar 2001 - Jun 2021
Kazakhstan (% Point) 4.0 Mar 2021 quarterly Mar 2009 - Mar 2021
South Korea (% Point) 28.0 Sep 2021 monthly Feb 2004 - Sep 2021
Latvia (% Point) 7.5 Aug 2021 monthly Apr 1994 - Aug 2021
Lithuania (% Point) 13.0 Aug 2021 monthly Apr 2004 - Aug 2021
Luxembourg (% Point) 31.9 Aug 2021 monthly Jan 1986 - Aug 2021
North Macedonia (% Point) 7.0 Jun 2021 monthly Apr 2002 - Jun 2021
Malaysia (% Point) 28.8 Mar 2021 quarterly Mar 2004 - Mar 2021
Malta (% Point) 46.8 Aug 2021 monthly Nov 2003 - Aug 2021
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) 24.6 Aug 2021 monthly Jan 2005 - Aug 2021
Mozambique (% Point) -1.0 Jan 2021 monthly Jan 2005 - Jan 2021
Netherlands (% Point) 15.0 Aug 2021 monthly Jan 1986 - Aug 2021
New Zealand (% Point) 7.2 Jul 2021 monthly Aug 2003 - Jul 2021
Nigeria (% Point) -22.4 Dec 2020 monthly Jul 2015 - Dec 2020
Norway (% Point) 29.2 Aug 2021 monthly Feb 2005 - Aug 2021
Palestinian Territory (% Point) -7.6 Mar 2021 monthly Apr 2014 - Mar 2021
Peru (% Point) -9.1 Aug 2021 monthly Apr 2003 - Aug 2021
Philippines (% Point) 4.9 Mar 2021 quarterly Jun 2002 - Mar 2021
Poland (% Point) 5.6 Aug 2021 monthly Jul 2006 - Aug 2021
Portugal (% Point) 11.9 Aug 2021 monthly Jan 1988 - Aug 2021
Qatar (% Point) -3.6 Mar 2020 quarterly Sep 2015 - Mar 2020
Romania (% Point) 5.9 Aug 2021 monthly Jul 1992 - Aug 2021
Russia (% Point) 5.0 Aug 2021 monthly Jan 2006 - Aug 2021
Serbia (% Point) 23.1 Apr 2021 monthly May 2014 - Apr 2021
Singapore (% Point) 1.6 Aug 2021 monthly Jan 2000 - Aug 2021
Slovakia (% Point) -0.7 Aug 2021 monthly Jan 1994 - Aug 2021
Slovenia (% Point) 12.0 Aug 2021 monthly May 1996 - Aug 2021
South Africa (% Point) 4.3 Aug 2021 monthly Sep 2000 - Aug 2021
Spain (% Point) 11.8 Aug 2021 monthly Jan 1994 - Aug 2021
Sri Lanka (% Point) -13.6 Jul 2021 monthly May 2016 - Jul 2021
Sweden (% Point) 10.8 Aug 2021 monthly Jan 2002 - Aug 2021
Switzerland (% Point) 33.4 Aug 2021 monthly Jan 1996 - Aug 2021
Taiwan (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) 15.0 Mar 2021 monthly Feb 2000 - Mar 2021
Turkey (% Point) 7.0 Aug 2021 monthly Jan 2008 - Aug 2021
Ukraine (% Point) -9.2 Dec 2020 quarterly Sep 2013 - Dec 2020
United Kingdom (% Point) 5.6 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) 8.6 Aug 2021 monthly Jan 1949 - Aug 2021
Uruguay (% Point) -6.6 Feb 2021 monthly Oct 1999 - Feb 2021

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Nigeria Key Series

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Includes 205 key indicators for Nigeria, curated by CEIC analysts. Instant access to full history data in excel.
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
Gross Federation Account Revenue: Oil (NGN bn) 985.570 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
Government Debt: Domestic (NGN bn) 16,513.929 Mar 2021 quarterly Dec 2005 - Mar 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.040 2026 yearly 1991 - 2026
Trade Balance (USD mn) -1,658.6 Jun 2021 monthly Jan 2003 - Jun 2021
Total Exports (USD mn) 4,400.4 Jun 2021 monthly Jan 2003 - Jun 2021
Total Exports Growth (%) 129.3 Jun 2021 monthly Jan 2004 - Jun 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) 6,059.0 Jun 2021 monthly Jan 2003 - Jun 2021
Total Imports Growth (%) 47.8 Jun 2021 monthly Jan 2004 - Jun 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
Exports: Crude Oil (NGN mn) 1,427,694.500 Jun 2021 monthly Jan 2003 - Jun 2021
Imports (NGN mn) 2,482,178.500 Jun 2021 monthly Jan 2003 - Jun 2021
Total Trade (NGN mn) 4,284,886.800 Jun 2021 monthly Jan 2003 - Jun 2021
Exports: Europe: ow UK (NGN mn) 71,325.810 Jun 2021 monthly Jan 2003 - Jun 2021
Exports (NGN mn) 1,802,708.300 Jun 2021 monthly Jan 2003 - Jun 2021
Exports: Europe: ow Netherlands (NGN mn) 151,705.200 Jun 2021 monthly Jan 2003 - Jun 2021
Exports: America: ow USA (NGN mn) 20,143.540 Jun 2021 monthly Jan 2003 - Jun 2021
Imports: Europe: ow Netherlands (NGN mn) 222,524.470 Jun 2021 monthly Jan 2003 - Jun 2021
Imports: America: ow USA (NGN mn) 182,625.240 Jun 2021 monthly Jan 2003 - Jun 2021
Imports: Asia: ow China (NGN mn) 760,861.440 Jun 2021 monthly Jan 2007 - Jun 2021
Imports: Europe: ow Germany (NGN mn) 68,665.950 Jun 2021 monthly Jan 2003 - Jun 2021
Imports: Europe: ow UK (NGN mn) 48,731.700 Jun 2021 monthly Jan 2003 - Jun 2021
Imports: Manufactured Goods (NGN mn) 213,392.000 Jun 2021 monthly Jan 2003 - Jun 2021
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 489,053.000 Jun 2021 monthly Jan 2003 - Jun 2021
Imports: Chemicals and Chemical Products (NGN mn) 434,379.000 Jun 2021 monthly Jan 2003 - Jun 2021
Imports: Food and Live Animals (NGN mn) 292,446.000 Jun 2021 monthly Jan 2003 - Jun 2021
Imports: Machinery and Transport Equipment (NGN mn) 893,700.000 Jun 2021 monthly Jan 2003 - Jun 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 (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: 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: 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
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
External Debt: Government (USD mn) 32,859.990 Mar 2021 quarterly Dec 2006 - Mar 2021
External Debt: Government: International Capital Market (USD mn) 10,368.350 Mar 2021 quarterly Mar 2011 - 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) 39,773.070 Jul 2021 monthly Nov 1992 - Jul 2021
Money Supply M2 (USD mn) 97,094.321 Jul 2021 monthly Nov 1992 - Jul 2021
M2 Growth (%) 19.3 Jul 2021 monthly Nov 1993 - Jul 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 (%) 7.856 Jun 2021 quarterly Dec 2010 - Jun 2021
Foreign Exchange Reserves: Months of Import (NA) 5.5 Jun 2021 monthly Jan 2003 - Jun 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) 109,790.3 Jul 2021 monthly Nov 1992 - Jul 2021
Domestic Credit Growth (%) 12.8 Jul 2021 monthly Nov 1993 - Jul 2021
Private Debt: % of Nominal GDP (%) 11.41 Sep 2020 quarterly Dec 2010 - Sep 2020
Monetary Survey: Liabilities: M2: M1 (NGN mn) 16,291,049.380 Jul 2021 monthly Nov 1992 - Jul 2021
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 23,478,784.420 Jul 2021 monthly Nov 1992 - Jul 2021
Monetary Survey: Liabilities: Base Money (NGN mn) 12,830,875.690 Jul 2021 monthly Jan 1993 - Jul 2021
Monetary Survey: Liabilities: M2 (NGN mn) 39,769,833.800 Jul 2021 monthly Nov 1992 - Jul 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
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -22.4 Dec 2020 monthly Jul 2015 - Dec 2020

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