Nigeria Forecast: Exports of Goods Growth

1991 - 2025 | Yearly | % | World Economic Outlook

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Nigeria’s Exports of Goods Growth is forecasted to be -0.836 % in Dec 2020 as reported by World Economic Outlook. It records a decrease from the last reported number of 17.473 % in Dec 2019. Looking ahead, Nigeria’s Exports of Goods Growth is projected to stand at 3.768 % in Dec 2025. The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Volume of Exports of Goods: YoY.

What is Nigeria's Forecast: Exports of Goods Growth in 2025?

Last Previous Min Max Unit Frequency Range

3.768

% 2025 yearly 1991 - 2025

4.068

% 2024 yearly 1991 - 2025

-15.409

2002

32.687

2003

%

yearly

1991 - 2025

Updated on 15 Oct 2020

Forecast: Exports of Goods Growth by Country Comparison

Buy this table Includes Forecast: Exports of Goods Growth for ALL Countries/Regions: countries Instant access to full history data in excel
All Countries/Regions
Asia and Oceania
Europe and Central Asia
Middle East and Africa
North and South America
Country/Region Last Frequency Range
Afghanistan (%)

10.325

2025

yearly

2003 - 2025

Albania (%)

3.920

2025

yearly

1980 - 2025

Algeria (%)

-1.443

2025

yearly

1980 - 2025

Angola (%)

4.308

2025

yearly

1998 - 2025

Antigua and Barbuda (%)

8.048

2025

yearly

2015 - 2025

Argentina (%)

4.298

2025

yearly

1980 - 2025

Armenia (%)

4.853

2025

yearly

1996 - 2025

Australia (%)

2.442

2025

yearly

1980 - 2025

Austria (%)

2.027

2025

yearly

1980 - 2025

Azerbaijan (%)

-1.818

2025

yearly

1993 - 2025

Bahamas (%)

1.412

2025

yearly

1980 - 2025

Bahrain (%)

2.359

2025

yearly

1996 - 2025

Bangladesh (%)

5.292

2025

yearly

1980 - 2025

Barbados (%)

1.942

2025

yearly

1980 - 2025

Belarus (%)

1.983

2025

yearly

1993 - 2025

Belgium (%)

3.482

2025

yearly

1980 - 2025

Belize (%)

1.934

2025

yearly

1980 - 2025

Benin (%)

9.770

2025

yearly

1980 - 2025

Bhutan (%)

12.885

2025

yearly

1980 - 2025

Bolivia (%)

6.102

2025

yearly

1980 - 2025

Bosnia and Herzegovina (%)

5.180

2025

yearly

1999 - 2025

Botswana (%)

3.415

2025

yearly

1980 - 2025

Brazil (%)

3.600

2025

yearly

1980 - 2025

Brunei (%)

7.666

2025

yearly

1980 - 2025

Bulgaria (%)

4.346

2025

yearly

1980 - 2025

Burkina Faso (%)

3.196

2025

yearly

1981 - 2025

Burundi (%)

4.206

2025

yearly

1980 - 2025

Cambodia (%)

11.487

2025

yearly

1996 - 2025

Cameroon (%)

7.137

2025

yearly

1980 - 2025

Canada (%)

5.085

2025

yearly

1980 - 2025

Cape Verde (%)

11.834

2025

yearly

1980 - 2025

Central African Republic (%)

10.519

2025

yearly

1980 - 2025

Chad (%)

3.650

2025

yearly

1980 - 2025

Chile (%)

2.961

2025

yearly

1980 - 2025

China (%)

3.829

2025

yearly

1998 - 2025

Colombia (%)

3.374

2025

yearly

1980 - 2025

Comoros (%)

6.884

2025

yearly

1980 - 2025

Congo, Republic of (%)

1.976

2025

yearly

1980 - 2025

Costa Rica (%)

5.310

2025

yearly

1980 - 2025

Croatia (%)

6.437

2025

yearly

1993 - 2025

Cyprus (%)

3.800

2025

yearly

2001 - 2025

Czech Republic (%)

2.927

2025

yearly

1996 - 2025

Congo, Democratic Republic of (%)

4.716

2025

yearly

1980 - 2025

Denmark (%)

2.200

2025

yearly

1980 - 2025

Djibouti (%)

2.844

2025

yearly

1990 - 2025

Dominica (%)

3.530

2025

yearly

2015 - 2025

Dominican Republic (%)

7.611

2025

yearly

1980 - 2025

Ecuador (%)

2.059

2025

yearly

1980 - 2025

Egypt (%)

2.102

2025

yearly

1980 - 2025

El Salvador (%)

4.088

2025

yearly

1980 - 2025

Equatorial Guinea (%)

15.730

2025

yearly

1981 - 2025

Eritrea (%)

3.754

2025

yearly

1998 - 2025

Estonia (%)

3.000

2025

yearly

1994 - 2025

Eswatini (%)

2.873

2025

yearly

1980 - 2025

Ethiopia (%)

6.951

2025

yearly

1981 - 2025

Fiji (%)

0.000

yearly

-

Finland (%)

2.040

2025

yearly

1981 - 2025

France (%)

3.865

2025

yearly

1980 - 2025

Gabon (%)

2.115

2025

yearly

1980 - 2025

Gambia (%)

5.168

2025

yearly

2000 - 2025

Georgia (%)

3.448

2025

yearly

1995 - 2025

Germany (%)

3.255

2025

yearly

1980 - 2025

Ghana (%)

1.075

2025

yearly

1980 - 2025

Greece (%)

2.518

2025

yearly

1980 - 2025

Grenada (%)

0.408

2025

yearly

2015 - 2025

Guatemala (%)

2.100

2025

yearly

1980 - 2025

Guinea (%)

4.043

2025

yearly

1980 - 2025

Guinea-Bissau (%)

2.955

2025

yearly

1981 - 2025

Guyana (%)

-1.048

2025

yearly

1980 - 2025

Haiti (%)

0.405

2025

yearly

1980 - 2025

Honduras (%)

5.758

2025

yearly

1980 - 2025

Hong Kong SAR, China (%)

3.600

2025

yearly

1980 - 2025

Hungary (%)

5.380

2025

yearly

1980 - 2025

Iceland (%)

2.413

2025

yearly

1980 - 2025

India (%)

7.500

2025

yearly

1980 - 2025

Indonesia (%)

9.888

2025

yearly

1980 - 2025

Iran (%)

2.638

2025

yearly

1980 - 2025

Iraq (%)

0.000

yearly

-

Ireland (%)

4.000

2025

yearly

1980 - 2025

Israel (%)

1.024

2025

yearly

1980 - 2025

Italy (%)

3.036

2025

yearly

1980 - 2025

Ivory Coast (%)

8.142

2025

yearly

1980 - 2025

Jamaica (%)

2.584

2025

yearly

1980 - 2025

Japan (%)

2.727

2025

yearly

1980 - 2025

Jordan (%)

2.772

2025

yearly

1980 - 2025

Kazakhstan (%)

2.441

2025

yearly

1993 - 2025

Kenya (%)

9.185

2025

yearly

1980 - 2025

Kiribati (%)

2.474

2025

yearly

1980 - 2025

South Korea (%)

3.421

2025

yearly

1980 - 2025

Kosovo (%)

4.732

2025

yearly

2001 - 2025

Kuwait (%)

1.244

2025

yearly

1980 - 2025

Kyrgyzstan (%)

5.801

2025

yearly

1993 - 2025

Laos (%)

3.842

2025

yearly

1980 - 2025

Latvia (%)

2.214

2025

yearly

1993 - 2025

Lebanon (%)

-17.437

2020

yearly

1980 - 2020

Lesotho (%)

7.150

2025

yearly

1980 - 2025

Liberia (%)

4.794

2025

yearly

1998 - 2025

Libya (%)

2.346

2025

yearly

1980 - 2025

Lithuania (%)

7.799

2016

yearly

1996 - 2016

Luxembourg (%)

-0.699

2025

yearly

1987 - 2025

Macau SAR, China (%)

0.000

yearly

-

North Macedonia (%)

8.440

2025

yearly

1993 - 2025

Madagascar (%)

7.689

2025

yearly

1981 - 2025

Malawi (%)

8.428

2025

yearly

1980 - 2025

Malaysia (%)

3.532

2025

yearly

1980 - 2025

Maldives (%)

3.850

2025

yearly

1980 - 2025

Mali (%)

4.980

2025

yearly

1980 - 2025

Malta (%)

2.400

2025

yearly

2001 - 2025

Marshall Islands (%)

0.000

yearly

-

Mauritania (%)

2.988

2025

yearly

1991 - 2025

Mauritius (%)

1.898

2025

yearly

1980 - 2025

Mexico (%)

1.887

2025

yearly

1980 - 2025

Micronesia (%)

0.000

yearly

-

Moldova (%)

4.810

2025

yearly

1991 - 2025

Mongolia (%)

3.161

2025

yearly

1981 - 2025

Montenegro (%)

2.672

2025

yearly

2003 - 2025

Morocco (%)

7.206

2025

yearly

1980 - 2025

Mozambique (%)

23.306

2025

yearly

1980 - 2025

Myanmar (%)

8.670

2025

yearly

1999 - 2025

Namibia (%)

4.897

2025

yearly

1990 - 2025

Nepal (%)

0.000

yearly

-

Netherlands (%)

3.200

2025

yearly

1981 - 2025

New Zealand (%)

2.734

2025

yearly

1980 - 2025

Nicaragua (%)

0.938

2025

yearly

1980 - 2025

Niger (%)

9.411

2025

yearly

1980 - 2025

Nigeria (%)

3.768

2025

yearly

1991 - 2025

Norway (%)

3.192

2025

yearly

1980 - 2025

Oman (%)

4.316

2025

yearly

1980 - 2025

Pakistan (%)

6.352

2025

yearly

1980 - 2025

Palau (%)

8.589

2025

yearly

2001 - 2025

Panama (%)

9.344

2025

yearly

1980 - 2025

Papua New Guinea (%)

3.117

2025

yearly

1980 - 2025

Paraguay (%)

3.070

2025

yearly

1980 - 2025

Peru (%)

4.211

2025

yearly

1980 - 2025

Philippines (%)

5.724

2025

yearly

1980 - 2025

Poland (%)

2.800

2025

yearly

1996 - 2025

Portugal (%)

3.539

2025

yearly

1980 - 2025

Qatar (%)

3.103

2025

yearly

1980 - 2025

Romania (%)

6.934

2025

yearly

1980 - 2025

Russia (%)

1.179

2025

yearly

1993 - 2025

Rwanda (%)

4.577

2025

yearly

1980 - 2025

Saint Kitts and Nevis (%)

3.338

2025

yearly

2015 - 2025

Saint Lucia (%)

8.992

2025

yearly

2015 - 2025

Saint Vincent and the Grenadines (%)

10.712

2025

yearly

2015 - 2025

Samoa (%)

0.000

yearly

-

San Marino (%)

0.000

yearly

-

Sao Tome and Principe (%)

0.810

2025

yearly

1980 - 2025

Saudi Arabia (%)

2.239

2025

yearly

1980 - 2025

Senegal (%)

6.218

2025

yearly

1980 - 2025

Serbia (%)

8.799

2025

yearly

2001 - 2025

Seychelles (%)

3.288

2025

yearly

1980 - 2025

Sierra Leone (%)

9.476

2025

yearly

1994 - 2025

Singapore (%)

3.472

2025

yearly

1980 - 2025

Slovakia (%)

4.364

2025

yearly

1994 - 2025

Slovenia (%)

4.655

2025

yearly

1993 - 2025

Solomon Islands (%)

13.702

2025

yearly

1980 - 2025

South Africa (%)

4.420

2025

yearly

1980 - 2025

Spain (%)

2.836

2025

yearly

1980 - 2025

Sri Lanka (%)

4.304

2025

yearly

1980 - 2025

Sudan (%)

4.643

2025

yearly

1980 - 2025

Suriname (%)

0.066

2025

yearly

1980 - 2025

Sweden (%)

3.000

2025

yearly

1981 - 2025

Switzerland (%)

4.350

2025

yearly

1980 - 2025

Syria (%)

18.283

2010

yearly

1981 - 2010

Taiwan (%)

1.369

2025

yearly

1980 - 2025

Tajikistan (%)

7.569

2025

yearly

1993 - 2025

Tanzania (%)

1.930

2025

yearly

1980 - 2025

Thailand (%)

4.114

2025

yearly

1980 - 2025

Timor-Leste (%)

19.451

2016

yearly

2000 - 2016

Togo (%)

8.546

2025

yearly

1980 - 2025

Tonga (%)

-0.298

2019

yearly

2000 - 2019

Trinidad and Tobago (%)

2.194

2025

yearly

1980 - 2025

Tunisia (%)

1.950

2025

yearly

1980 - 2025

Turkey (%)

4.509

2025

yearly

1980 - 2025

Turkmenistan (%)

1.922

2025

yearly

1998 - 2025

Tuvalu (%)

0.000

yearly

-

Uganda (%)

30.705

2025

yearly

1980 - 2025

Ukraine (%)

7.083

2025

yearly

1993 - 2025

United Arab Emirates (%)

1.367

2025

yearly

1980 - 2025

United Kingdom (%)

3.231

2025

yearly

1980 - 2025

United States (%)

2.266

2025

yearly

1980 - 2025

Uruguay (%)

2.675

2025

yearly

2013 - 2025

Uzbekistan (%)

10.255

2025

yearly

1992 - 2025

Vanuatu (%)

7.099

2016

yearly

1980 - 2016

Venezuela (%)

-4.289

2022

yearly

1983 - 2022

Vietnam (%)

6.843

2025

yearly

1980 - 2025

Yemen (%)

15.336

2025

yearly

1991 - 2025

Zambia (%)

6.109

2025

yearly

2000 - 2025

Zimbabwe (%)

6.837

2025

yearly

1986 - 2025

Nigeria Key Series

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All Indicators
National Accounts
Production
Government and Public Finance
Demographic and Labour Market
Domestic Trade and Household Survey
Inflation
Foreign Trade
Balance of Payments
Monetary
Banking Statistics
Interest and Foreign Exchange Rates
Energy
Tourism
Business and Economic Survey
Financial Market
Transport and Telecommunications
National Accounts Last Frequency Range
Nominal GDP (USD mn)

94,377.8

Jun 2020

quarterly

Mar 2010 - Jun 2020

Real GDP Growth (%)

-6.1

Jun 2020

quarterly

Mar 2011 - Jun 2020

Nominal GDP Growth (%)

-2.796

Jun 2020

quarterly

Mar 2011 - Jun 2020

GDP per Capita (USD)

2,341.862

2019

yearly

1981 - 2019

GDP Deflator Growth (%)

3.5

Jun 2020

quarterly

Mar 2011 - Jun 2020

Private Consumption Expenditure (USD mn)

100,060.552

Dec 2019

quarterly

Mar 2010 - Dec 2019

Private Consumption: % of GDP (%)

73.5

2019

yearly

1981 - 2019

Public Consumption Expenditure (USD mn)

7,013.533

Dec 2019

quarterly

Mar 2010 - Dec 2019

Public Consumption: % of GDP (%)

5.9

2019

yearly

1981 - 2019

Investment: % of GDP (%)

26.2

2019

yearly

1981 - 2019

Gross Fixed Capital Formation (USD mn)

33,781.413

Dec 2019

quarterly

Mar 2010 - Dec 2019

Gross National Product (USD mn)

433,449.465

2019

yearly

1960 - 2019

Gross Savings Rate (%)

20.6

2019

yearly

1981 - 2019

Forecast: GDP PPP Per Capita (PPP Intl $)

5,532.097

2025

yearly

1990 - 2025

Forecast: Nominal GDP Per Capita (USD)

3,296.763

2025

yearly

1990 - 2025

Forecast: Real GDP Growth (%)

2.513

2025

yearly

1991 - 2025

Total Trade of Goods & Services: % of Nominal GDP (%)

34.095

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Final Consumption Expenditure (FCE): General Government (GG) (NGN mn)

2,149,323.176

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: FCE: Private: Households (NGN mn)

30,498,516.032

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Changes in Inventories (NGN mn)

285,593.525

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Gross Fixed Capital Formation (NGN mn)

10,352,439.460

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Exports of Goods & Services (NGN mn)

5,113,321.501

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Imports of Goods & Services (NGN mn)

8,534,880.435

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Final Consumption Expenditure (FCE): General Governme... (NGN mn)

1,082,949.341

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: FCE: Households (NGN mn)

12,030,651.452

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Gross Fixed Capital Formation (NGN mn)

3,060,921.998

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Exports of Goods & Services (NGN mn)

6,132,329.510

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Imports of Goods & Services (NGN mn)

2,780,544.204

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Basic Prices: Industry: Utilities: Water Supply, Sewage & Waste Mng (NGN mn)

114,005.851

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Transportation & Storage (TS) (NGN mn)

384,469.191

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Industry: Mining & Quarrying (MQ) (NGN mn)

2,641,655.661

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Industry: Construction (NGN mn)

2,323,182.009

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Wholesale and Retail Trade (NGN mn)

4,563,929.920

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Industry: Utilities: Electricity, Gas, Steam & Air Conditioni... (NGN mn)

313,589.488

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Industry (NGN mn)

9,402,778.544

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Industry: Manufacturing (Mfg) (NGN mn)

4,010,345.536

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Public Administration (NGN mn)

752,976.114

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Real Estate (NGN mn)

1,840,109.042

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Information & Communication (IC) (NGN mn)

4,783,340.008

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Accommodation & Food Services (NGN mn)

162,508.349

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices (NGN mn)

34,023,197.604

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Finance & Insurance (FI) (NGN mn)

1,279,701.186

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Professional, Scientific & Technical Services (NGN mn)

1,024,069.118

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Administrative & Support Services, Business Service... (NGN mn)

6,657.564

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Education (NGN mn)

464,986.902

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Human Health & Social Services (NGN mn)

238,340.377

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Arts, Entertainment & Recreation (NGN mn)

61,392.559

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Agriculture (NGN mn)

8,139,521.732

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Other Services (NGN mn)

918,416.998

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: MQ: Crude Petroleum & Natural Gas (NGN mn)

1,419,038.390

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p (NGN mn)

15,897,931.939

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Wholesale and Retail Trade (NGN mn)

2,269,985.069

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Accommodation & Food Services (NGN mn)

64,886.952

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: Mining & Quarrying (MQ) (NGN mn)

1,442,805.970

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Information & Communication (IC) (NGN mn)

2,834,907.097

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry (NGN mn)

3,476,086.413

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Transportation & Storage (TS) (NGN mn)

118,654.957

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: Utilities: Electricity, Gas, Steam & Air Con... (NGN mn)

75,322.516

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: MQ: Solid Minerals: Quarrying & Other Minera... (NGN mn)

19,746.310

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: Utilities: Water Supply, Sewage & Waste Mng (NGN mn)

41,694.103

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Finance & Insurance (FI) (NGN mn)

636,491.496

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: Construction (NGN mn)

513,692.433

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: Manufacturing (Mfg) (NGN mn)

1,402,571.391

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Real Estate (NGN mn)

848,905.930

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Professional, Scientific & Technical Service... (NGN mn)

509,346.473

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Administrative & Support Services, Business ... (NGN mn)

3,311.307

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Public Administration (NGN mn)

374,511.565

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Education (NGN mn)

227,752.157

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Human Health & Social Services (NGN mn)

122,402.838

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Arts, Entertainment & Recreation (NGN mn)

35,223.547

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Other Services (NGN mn)

456,797.740

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Agriculture (NGN mn)

3,918,668.399

Jun 2020

quarterly

Mar 2010 - Jun 2020

Production Last Frequency Range
Industrial Production Index Growth (%)

-10.1

Mar 2020

quarterly

Mar 2011 - Mar 2020

Minerals Production (Metric Ton)

136,888,431.000

2018

yearly

2009 - 2018

Gold Production (kg)

20.000

2017

yearly

1993 - 2017

Motor Vehicle Production (Unit)

2,040.000

2008

yearly

1999 - 2008

Industrial Production Index (2010=100)

97.600

Mar 2020

quarterly

Mar 2010 - Mar 2020

Industrial Production Index: Manufacturing (2010=100)

181.500

Mar 2020

quarterly

Mar 2010 - Mar 2020

Industrial Production Index: Mining (2010=100)

56.400

Mar 2020

quarterly

Mar 2010 - Mar 2020

Capacity Utilization Rate: Manufacturing (%)

55.000

Dec 2018

quarterly

Dec 2008 - Dec 2018

Electricity Generation: Average per Hour (MWh)

3,630.500

Dec 2019

quarterly

Mar 2005 - Dec 2019

Electricity Consumption: Average per Hour (MWh)

3,123.500

Mar 2020

quarterly

Mar 2005 - Mar 2020

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%)

-3.2

Mar 2020

quarterly

Dec 2010 - Mar 2020

Consolidated Fiscal Balance (USD mn)

-4,673.639

Mar 2020

quarterly

Mar 2005 - Mar 2020

National Government Debt (USD mn)

74,350.1

Jun 2020

quarterly

Dec 2006 - Jun 2020

Government Debt: % of GDP (%)

18.2

Jun 2020

quarterly

Dec 2010 - Jun 2020

Forecast: Government Expenditure (NGN bn)

34,920.128

2025

yearly

1990 - 2025

Forecast: Government Net Debt (NGN bn)

109,473.696

2025

yearly

1990 - 2025

Forecast: Government Revenue (NGN bn)

21,509.034

2025

yearly

1990 - 2025

Gross Federation Account Revenue (NGN bn)

2,527.270

Mar 2020

quarterly

Mar 2005 - Mar 2020

Federal Govt Balance (NGN bn)

-1,462.910

Mar 2020

quarterly

Mar 2005 - Mar 2020

Gross Federation Account Revenue: Oil (NGN bn)

1,563.650

Dec 2019

quarterly

Mar 2005 - Dec 2019

Federal Govt Revenue (NGN bn)

864.880

Mar 2020

quarterly

Mar 2005 - Mar 2020

Federal Govt Expenditure (NGN bn)

2,074.460

Dec 2019

quarterly

Mar 2005 - Dec 2019

Federal Govt Expenditure: Recurrent (NGN bn)

1,513.940

Dec 2019

quarterly

Mar 2005 - Dec 2019

Federal Govt Expenditure: Capital (NGN bn)

472.540

Mar 2020

quarterly

Mar 2005 - Mar 2020

Government Debt: Domestic (NGN bn)

15,455.699

Jun 2020

quarterly

Dec 2005 - Jun 2020

Demographic and Labour Market Last Frequency Range
Population (Person mn)

206.1

2020

yearly

1950 - 2020

Labour Force Participation Rate (%)

52.7

2020

yearly

1990 - 2020

Employed Persons (Person)

58,527,276.300

Jun 2020

quarterly

Mar 2012 - Jun 2020

Unemployment Rate (%)

27.11

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Productivity Growth (%)

1.14

Sep 2018

quarterly

Mar 2013 - Sep 2018

Forecast: Population (Person mn)

233.343

2025

yearly

1980 - 2025

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: Economically Active (Person)

80,291,894.000

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Force: Economically Active: Employment: Male (Person)

21,144,497.000

Jun 2020

quarterly

Mar 2014 - Jun 2020

Labour Force: Economically Active: Employment Female (Person)

14,440,777.000

Jun 2020

quarterly

Mar 2014 - Jun 2020

Labour Force: Unemployment: Male (Person)

9,561,739.700

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Force: Economically Active: Employment (Person)

58,527,276.300

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Force: Unemployment: Female (Person)

12,202,877.500

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Force: Economically Active: Unemployment (Person)

21,764,617.200

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Force: Economically Active: Male (Person)

41,664,913.000

Jun 2020

quarterly

Mar 2014 - Jun 2020

Labour Force: Economically Active: Female (Person)

38,626,981.000

Jun 2020

quarterly

Mar 2014 - Jun 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)

23.7

Jun 2020

quarterly

Jun 2009 - Jun 2020

Consumer Confidence Growth (% Point)

-6.8

Jun 2020

quarterly

Jun 2010 - Jun 2020

Inflation Last Frequency Range
Consumer Price Index CPI Growth (%)

13.7

Sep 2020

monthly

Jan 1961 - Sep 2020

Core CPI Change (%)

11.163

Sep 2020

monthly

Jan 1996 - Sep 2020

CPI: Food and Non Alcoholic Beverage Change (%)

16.575

Sep 2020

monthly

Jan 1996 - Sep 2020

Forecast: Consumer Price Index Growth (%)

10.642

2025

yearly

1996 - 2025

Consumer Price Index (Nov2009=100)

339.517

Sep 2020

monthly

Jan 1995 - Sep 2020

Consumer Price Index: Food and Non Alcoholic Beverages (Nov2009=100)

380.295

Sep 2020

monthly

Jan 1995 - Sep 2020

Consumer Price Index: Alcoholic Beverages, Tobacco and Kola (Nov2009=100)

257.323

Sep 2020

monthly

Jan 1995 - Sep 2020

Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%)

3.768

2025

yearly

1991 - 2025

Trade Balance (USD mn)

-2,239.0

Jun 2020

monthly

Jan 2003 - Jun 2020

Total Exports (USD mn)

3,136.4

Jul 2020

monthly

Jan 1981 - Jul 2020

Total Exports Growth (%)

-43.0

Jul 2020

monthly

Jan 1982 - Jul 2020

Aluminum: Exports (USD th)

219.434

2019

yearly

1995 - 2019

Exports: Medicament (USD th)

2,058.678

2019

yearly

1995 - 2019

Exports: Medicinal and Pharmaceutical Product (USD th)

374.584

2019

yearly

1995 - 2019

Total Imports (USD mn)

3,281.9

Jul 2020

monthly

Jan 1981 - Jul 2020

Total Imports Growth (%)

-15.8

Jul 2020

monthly

Jan 1982 - Jul 2020

Imports: Medicament (USD th)

972,000.088

2019

yearly

1995 - 2019

Imports: Medicinal and Pharmaceutical Product (USD th)

303,920.333

2019

yearly

1995 - 2019

Total Exports to USA (USD mn)

39.181

Jun 2020

monthly

Jan 2003 - Jun 2020

Total Imports from USA (USD mn)

440.409

Jun 2020

monthly

Dec 2009 - Jun 2020

Total Exports to China (USD mn)

344.800

Jun 2020

monthly

Jan 2007 - Jun 2020

Total Imports from China (USD mn)

1,452.891

Jun 2020

monthly

Jan 2007 - Jun 2020

Exports: Crude Oil (NGN mn)

662,778.227

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports (NGN mn)

965,633.840

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: Europe: ow UK (NGN mn)

16,804.572

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: Europe: ow Netherlands (NGN mn)

79,219.039

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: America: ow USA (NGN mn)

21,497.458

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Europe: ow Germany (NGN mn)

47,363.917

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Europe: ow UK (NGN mn)

32,892.642

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Europe: ow Netherlands (NGN mn)

24,669.374

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Asia: ow China (NGN mn)

388,762.256

Mar 2020

monthly

Jan 2007 - Mar 2020

Imports: America: ow USA (NGN mn)

129,241.013

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn)

31,542.858

2019

yearly

2003 - 2019

Exports: Vegetable Products (NGN mn)

155,226.703

2019

yearly

2003 - 2019

Exports: Mineral Products (NGN mn)

18,012,406.653

2018

yearly

2003 - 2018

Imports (NGN mn)

1,127,880.093

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Food and Live Animals (NGN mn)

152,121.791

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn)

19,264.671

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Chemicals and Chemical Products (NGN mn)

145,305.290

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Manufactured Goods (NGN mn)

90,534.292

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Machinery and Transport Equipment (NGN mn)

599,380.267

Mar 2020

monthly

Jan 2003 - Mar 2020

Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn)

370.7

Jun 2020

quarterly

Mar 2008 - Jun 2020

Current Account Balance (USD mn)

-3,232.3

Jun 2020

quarterly

Mar 2008 - Jun 2020

Current Account Balance: % of GDP (%)

-3.4

Jun 2020

quarterly

Mar 2008 - Jun 2020

Foreign Direct Investment (USD mn)

895.4

Jun 2020

quarterly

Mar 2008 - Jun 2020

Foreign Direct Investment: % of GDP (%)

0.9

Jun 2020

quarterly

Mar 2010 - Jun 2020

Foreign Portfolio Investment: Equity Securities (USD mn)

127.0

Jun 2020

quarterly

Mar 2008 - Jun 2020

Foreign Portfolio Investment: % of GDP (%)

-0.1

Jun 2020

quarterly

Mar 2010 - Jun 2020

Foreign Portfolio Investment (USD mn)

-56.030

Jun 2020

quarterly

Mar 2008 - Jun 2020

Foreign Portfolio Investment: Debt Securities (USD mn)

-183.072

Jun 2020

quarterly

Mar 2008 - Jun 2020

External Debt (USD mn)

8,991.3

Mar 2013

quarterly

Jun 2011 - Mar 2013

External Debt: % of GDP (%)

1.9

2012

yearly

2011 - 2012

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)

-4.059

2025

yearly

1980 - 2025

Net International Investment Position (USD mn)

-72,916.692

2019

yearly

2005 - 2019

BoP: CA: Current Transfers: Credit (USD mn)

4,030.044

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Assets (USD mn)

992.140

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Current Transfers: Debit (USD mn)

-124.411

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account (USD mn)

4,146.346

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Capital Account (USD mn)

0.000

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Current Transfers (USD mn)

3,905.633

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Goods: Credit (USD mn)

6,334.341

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Services: Credit (USD mn)

822.669

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Assets: Direct Investment (USD mn)

-370.734

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Liabilities (USD mn)

3,154.206

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Services (USD mn)

-2,562.782

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn)

-24.653

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Liabilities: Other Investment (USD mn)

2,314.839

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Assets: Reserves Assets (USD mn)

-2,077.285

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn)

-56.030

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Assets: Other Investment (USD mn)

3,464.812

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Services: Debit (USD mn)

-3,385.451

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: Net Errors & Omission (USD mn)

-914.068

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Goods (USD mn)

-3,736.259

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Goods: Debit (USD mn)

-10,070.600

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Income (USD mn)

-838.870

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Income: Credit (USD mn)

402.271

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Income: Debit (USD mn)

-1,241.141

Jun 2020

quarterly

Mar 2008 - Jun 2020

External Debt: Government (USD mn)

31,477.140

Jun 2020

quarterly

Dec 2006 - Jun 2020

External Debt: Government: International Capital Market (USD mn)

10,868.350

Jun 2020

quarterly

Mar 2011 - Jun 2020

External Debt: Service Payments (USD mn)

194.440

Dec 2018

quarterly

Mar 2008 - Dec 2018

Capital Inflow: Foreign Direct Investment (USD)

121,386,927.600

Jun 2020

monthly

Jan 2007 - Jun 2020

Monetary Last Frequency Range
Non Performing Loans Ratio (%)

11.4

2018

yearly

2003 - 2018

Money Supply M1 (USD mn)

34,866.364

Aug 2020

monthly

Nov 1992 - Aug 2020

Money Supply M2 (USD mn)

90,823.764

Aug 2020

monthly

Nov 1992 - Aug 2020

M2 Growth (%)

24.2

Aug 2020

monthly

Nov 1993 - Aug 2020

Reserve Requirement Ratio (%)

27.5

Sep 2020

monthly

Nov 2005 - Sep 2020

Foreign Exchange Reserves (USD mn)

35,671.3

Aug 2020

monthly

Jan 1960 - Aug 2020

Foreign Exchange Reserves: % of GDP (%)

7.764

Jun 2020

quarterly

Dec 2010 - Jun 2020

Foreign Exchange Reserves: Months of Import (NA)

10.9

Jul 2020

monthly

Jan 1981 - Jul 2020

Gold Reserves (USD mn)

0.062

Jan 2018

monthly

Dec 1950 - Jan 2018

Total Deposits (USD mn)

84,227.541

Dec 2019

monthly

Nov 1992 - Dec 2019

Total Deposits Growth (%)

2.6

Dec 2019

monthly

Nov 1993 - Dec 2019

Domestic Credit (USD mn)

102,680.6

Aug 2020

monthly

Nov 1992 - Aug 2020

Domestic Credit Growth (%)

12.9

Aug 2020

monthly

Nov 1993 - Aug 2020

Private Debt: % of Nominal GDP (%)

11.06

Jun 2020

quarterly

Dec 2010 - Jun 2020

Monetary Survey: Liabilities: M3 (NGN mn)

35,345,802.020

Jun 2020

monthly

Nov 1992 - Jun 2020

Monetary Survey: Liabilities: M2 (NGN mn)

34,221,096.620

Aug 2020

monthly

Nov 1992 - Aug 2020

Monetary Survey: Liabilities: M2: M1 (NGN mn)

13,137,147.730

Aug 2020

monthly

Nov 1992 - Aug 2020

Monetary Survey: Liabilities: M2: Quasi Money (NGN mn)

21,083,948.890

Aug 2020

monthly

Nov 1992 - Aug 2020

Monetary Survey: Liabilities: Base Money (NGN mn)

13,692,387.330

Aug 2020

monthly

Jan 1993 - Aug 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

Monetary Authorities: Assets (NGN mn)

43,854,805.160

Dec 2019

monthly

Dec 2001 - Dec 2019

Central Bank of Nigeria: Assets (NGN th)

30,292,360,188.000

Dec 2019

monthly

Jan 2005 - Dec 2019

Banking Sector: Regulatory Capital to Risk Weighted Assets (%)

15.272

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Tier 1 Capital to Risk Weighted Assets (%)

13.555

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Liquid Assets to Total Assets (%)

22.640

Dec 2018

semiannually

Jun 2008 - Dec 2018

Banking Sector: Liquid Assets to Short Term Liabilities (%)

35.106

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Return on Assets (%)

2.529

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Interest Margin to Gross Income (%)

67.270

Dec 2018

semiannually

Jun 2008 - Dec 2018

Interest and Foreign Exchange Rates Last Frequency Range
Bank Lending Rate (% pa)

11.760

Aug 2020

monthly

Jan 2006 - Aug 2020

Exchange Rate against USD (NGN/USD)

379.500

Sep 2020

monthly

Jan 1957 - Sep 2020

Policy Rate (% pa)

12.50

Aug 2020

monthly

Dec 2006 - Aug 2020

Short Term Interest Rate (% pa)

3.18

Aug 2020

monthly

Jan 2010 - Aug 2020

Real Effective Exchange Rate (2005=100)

136.0

Aug 2020

monthly

Dec 1979 - Aug 2020

Deposit Rate: Savings Deposits (% pa)

3.780

Aug 2020

monthly

Jan 2006 - Aug 2020

Prime Lending Rate (% pa)

11.760

Aug 2020

monthly

Jan 2006 - Aug 2020

Energy Last Frequency Range
Electricity Production (GWh)

7,720

Mar 2020

quarterly

Mar 2005 - Mar 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)

1,461.000

Sep 2020

monthly

Jan 2002 - Sep 2020

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)

1,977

2018

yearly

1995 - 2018

Tourism Revenue Growth (%)

-24.4

2018

yearly

1996 - 2018

Business and Economic Survey Last Frequency Range
Business Confidence: Net Balance (% Point)

-4.4

Sep 2020

monthly

Feb 2018 - Sep 2020

Business Confidence Growth (% Point)

-21.6

Sep 2020

monthly

Jul 2015 - Sep 2020

Financial Market Last Frequency Range
Equity Market Index (03Jan1984=100)

26,831.8

Sep 2020

monthly

Jan 1985 - Sep 2020

Market Capitalization: % of GDP (%)

9.0

2019

yearly

1985 - 2019

Market Capitalization (USD mn)

36,955.276

Sep 2020

monthly

Jan 1985 - Sep 2020

P/E ratio (NA)

19.113

2019

yearly

2014 - 2019

Market Capitalization: Nigeria Stock Exchange (NGN tn)

30.525

Sep 2020

monthly

Jun 2008 - Sep 2020

Shares Trading: Nigeria Stock Exchange: Volume (Unit bn)

5.560

May 2020

monthly

Jan 2008 - May 2020

Shares Trading: Nigeria Stock Exchange: Value (NGN bn)

64.180

Dec 2019

monthly

Jan 2008 - Dec 2019

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)

140,491.000

2018

yearly

1960 - 2018

Number of Subscriber Mobile (Person)

172,730,603.000

2018

yearly

1960 - 2018

Teledensity: Fixed Line (Number)

0.072

2018

yearly

1960 - 2018

Teledensity: Mobile (Number)

88.184

2018

yearly

1960 - 2018

Exports: ICT Goods (USD th)

40.102

2018

yearly

2000 - 2018

Exports: Telecommunication Equipment (USD th)

7,540.792

2019

yearly

1995 - 2019

Exports: Television (USD th)

933.276

2019

yearly

1995 - 2019

Imports: ICT Goods (USD th)

1,323,695.494

2018

yearly

2000 - 2018

Imports: Telecommunication Equipment (USD th)

1,318,760.821

2019

yearly

1995 - 2019

Imports: Television (USD th)

217,089.167

2019

yearly

1995 - 2019

Passenger Traffic: Airport (Person)

17,230,438.000

2018

yearly

2003 - 2018

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