Nigeria Forecast: Real GDP Growth
1991 - 2021 | Yearly | % | International Monetary Fund
Nigeria’s Real GDP Growth is forecasted to be -5.399 % in Dec 2020 as reported by International Monetary Fund. It records an increase from the last reported number of 2.208 % in Dec 2019. Looking ahead, Nigeria’s Real GDP Growth is projected to stand at 2.623 % in Dec 2021. The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.
What is Nigeria's Forecast: Real GDP Growth in 2021?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
|
2.623 % 2021 yearly 1991 - 2021 |
-5.399 % 2020 yearly 1991 - 2021 |
-5.399 2020 |
14.604 2002 |
% |
yearly |
1991 - 2021 Updated on 24 Jun 2020 |
Forecast: Real GDP Growth by Country Comparison
| Country/Region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) |
4.495 2021 |
yearly |
2003 - 2021 |
| Albania (%) |
8.000 2021 |
yearly |
1980 - 2021 |
| Algeria (%) |
6.231 2021 |
yearly |
1980 - 2021 |
| Angola (%) |
2.644 2021 |
yearly |
1980 - 2021 |
| Antigua and Barbuda (%) |
7.959 2021 |
yearly |
1980 - 2021 |
| Argentina (%) |
3.900 2021 |
yearly |
1980 - 2021 |
| Armenia (%) |
4.770 2021 |
yearly |
1993 - 2021 |
| Australia (%) |
4.000 2021 |
yearly |
1980 - 2021 |
| Austria (%) |
4.510 2021 |
yearly |
1980 - 2021 |
| Azerbaijan (%) |
0.707 2021 |
yearly |
1993 - 2021 |
| Bahamas (%) |
6.689 2021 |
yearly |
1980 - 2021 |
| Bahrain (%) |
2.986 2021 |
yearly |
1980 - 2021 |
| Bangladesh (%) |
9.531 2021 |
yearly |
1980 - 2021 |
| Barbados (%) |
7.100 2021 |
yearly |
1980 - 2021 |
| Belarus (%) |
3.487 2021 |
yearly |
1993 - 2021 |
| Belgium (%) |
4.564 2021 |
yearly |
1980 - 2021 |
| Belize (%) |
7.607 2021 |
yearly |
1980 - 2021 |
| Benin (%) |
5.974 2021 |
yearly |
1980 - 2021 |
| Bhutan (%) |
2.866 2021 |
yearly |
1980 - 2021 |
| Bolivia (%) |
2.900 2021 |
yearly |
1980 - 2021 |
| Bosnia and Herzegovina (%) |
3.500 2021 |
yearly |
1997 - 2021 |
| Botswana (%) |
6.781 2021 |
yearly |
1980 - 2021 |
| Brazil (%) |
3.573 2021 |
yearly |
1980 - 2021 |
| Brunei (%) |
3.541 2021 |
yearly |
1986 - 2021 |
| Bulgaria (%) |
6.040 2021 |
yearly |
1980 - 2021 |
| Burkina Faso (%) |
5.804 2021 |
yearly |
1980 - 2021 |
| Burundi (%) |
4.212 2021 |
yearly |
1980 - 2021 |
| Cambodia (%) |
6.057 2021 |
yearly |
1988 - 2021 |
| Cameroon (%) |
4.051 2021 |
yearly |
1980 - 2021 |
| Canada (%) |
4.940 2021 |
yearly |
1980 - 2021 |
| Cape Verde (%) |
5.506 2021 |
yearly |
1980 - 2021 |
| Central African Republic (%) |
3.989 2021 |
yearly |
1980 - 2021 |
| Chad (%) |
6.067 2021 |
yearly |
1980 - 2021 |
| Chile (%) |
5.274 2021 |
yearly |
1980 - 2021 |
| China (%) |
8.197 2021 |
yearly |
1980 - 2021 |
| Colombia (%) |
3.745 2021 |
yearly |
1980 - 2021 |
| Comoros (%) |
3.096 2021 |
yearly |
1980 - 2021 |
| Congo, Republic of (%) |
3.431 2021 |
yearly |
1980 - 2021 |
| Costa Rica (%) |
2.971 2021 |
yearly |
1980 - 2021 |
| Croatia (%) |
4.948 2021 |
yearly |
1993 - 2021 |
| Cyprus (%) |
5.594 2021 |
yearly |
1980 - 2021 |
| Czech Republic (%) |
7.501 2021 |
yearly |
1996 - 2021 |
| Congo, Democratic Republic of (%) |
3.542 2021 |
yearly |
1980 - 2021 |
| Denmark (%) |
6.000 2021 |
yearly |
1980 - 2021 |
| Djibouti (%) |
8.500 2021 |
yearly |
1992 - 2021 |
| Dominica (%) |
3.442 2021 |
yearly |
1980 - 2021 |
| Dominican Republic (%) |
4.000 2021 |
yearly |
1980 - 2021 |
| Ecuador (%) |
3.862 2021 |
yearly |
1980 - 2021 |
| Egypt (%) |
2.000 2021 |
yearly |
1980 - 2021 |
| El Salvador (%) |
4.460 2021 |
yearly |
1980 - 2021 |
| Equatorial Guinea (%) |
2.255 2021 |
yearly |
1980 - 2021 |
| Eritrea (%) |
5.851 2021 |
yearly |
1993 - 2021 |
| Estonia (%) |
7.874 2021 |
yearly |
1994 - 2021 |
| Eswatini (%) |
1.806 2021 |
yearly |
1980 - 2021 |
| Ethiopia (%) |
4.334 2021 |
yearly |
1980 - 2021 |
| Fiji (%) |
7.000 2021 |
yearly |
1980 - 2021 |
| Finland (%) |
3.096 2021 |
yearly |
1980 - 2021 |
| France (%) |
7.333 2021 |
yearly |
1980 - 2021 |
| Gabon (%) |
3.568 2021 |
yearly |
1981 - 2021 |
| Gambia (%) |
6.480 2021 |
yearly |
1980 - 2021 |
| Georgia (%) |
3.000 2021 |
yearly |
1995 - 2021 |
| Germany (%) |
5.390 2021 |
yearly |
1980 - 2021 |
| Ghana (%) |
5.868 2021 |
yearly |
1980 - 2021 |
| Greece (%) |
5.064 2021 |
yearly |
1980 - 2021 |
| Grenada (%) |
6.096 2021 |
yearly |
1980 - 2021 |
| Guatemala (%) |
5.456 2021 |
yearly |
1980 - 2021 |
| Guinea (%) |
7.610 2021 |
yearly |
1980 - 2021 |
| Guinea-Bissau (%) |
3.000 2021 |
yearly |
1981 - 2021 |
| Guyana (%) |
6.251 2021 |
yearly |
1980 - 2021 |
| Haiti (%) |
1.200 2021 |
yearly |
1980 - 2021 |
| Honduras (%) |
4.050 2021 |
yearly |
1980 - 2021 |
| Hong Kong SAR, China (%) |
3.909 2021 |
yearly |
1980 - 2021 |
| Hungary (%) |
4.200 2021 |
yearly |
1980 - 2021 |
| Iceland (%) |
6.048 2021 |
yearly |
1980 - 2021 |
| India (%) |
6.042 2021 |
yearly |
1980 - 2021 |
| Indonesia (%) |
6.100 2021 |
yearly |
1980 - 2021 |
| Iran (%) |
3.100 2021 |
yearly |
1980 - 2021 |
| Iraq (%) |
7.195 2021 |
yearly |
1999 - 2021 |
| Ireland (%) |
6.274 2021 |
yearly |
1980 - 2021 |
| Israel (%) |
4.978 2021 |
yearly |
1980 - 2021 |
| Italy (%) |
6.258 2021 |
yearly |
1980 - 2021 |
| Ivory Coast (%) |
8.700 2021 |
yearly |
1980 - 2021 |
| Jamaica (%) |
3.501 2021 |
yearly |
1980 - 2021 |
| Japan (%) |
2.394 2021 |
yearly |
1980 - 2021 |
| Jordan (%) |
3.656 2021 |
yearly |
1980 - 2021 |
| Kazakhstan (%) |
3.000 2021 |
yearly |
1993 - 2021 |
| Kenya (%) |
6.133 2021 |
yearly |
1980 - 2021 |
| Kiribati (%) |
2.216 2021 |
yearly |
1980 - 2021 |
| South Korea (%) |
3.000 2021 |
yearly |
1980 - 2021 |
| Kosovo (%) |
7.500 2021 |
yearly |
2001 - 2021 |
| Kuwait (%) |
3.437 2021 |
yearly |
1980 - 2021 |
| Kyrgyzstan (%) |
7.985 2021 |
yearly |
1993 - 2021 |
| Laos (%) |
5.601 2021 |
yearly |
1980 - 2021 |
| Latvia (%) |
8.285 2021 |
yearly |
1993 - 2021 |
| Lebanon (%) |
-12.019 2020 |
yearly |
1980 - 2020 |
| Lesotho (%) |
5.122 2021 |
yearly |
1980 - 2021 |
| Liberia (%) |
4.025 2021 |
yearly |
2001 - 2021 |
| Libya (%) |
80.656 2021 |
yearly |
1980 - 2021 |
| Lithuania (%) |
8.155 2021 |
yearly |
1996 - 2021 |
| Luxembourg (%) |
4.846 2021 |
yearly |
1980 - 2021 |
| Macau SAR, China (%) |
32.017 2021 |
yearly |
2002 - 2021 |
| North Macedonia (%) |
7.000 2021 |
yearly |
1993 - 2021 |
| Madagascar (%) |
5.014 2021 |
yearly |
1980 - 2021 |
| Malawi (%) |
2.500 2021 |
yearly |
1980 - 2021 |
| Malaysia (%) |
6.300 2021 |
yearly |
1980 - 2021 |
| Maldives (%) |
13.200 2021 |
yearly |
1980 - 2021 |
| Mali (%) |
4.133 2021 |
yearly |
1980 - 2021 |
| Malta (%) |
7.018 2021 |
yearly |
2001 - 2021 |
| Marshall Islands (%) |
3.190 2021 |
yearly |
1998 - 2021 |
| Mauritania (%) |
4.180 2021 |
yearly |
1992 - 2021 |
| Mauritius (%) |
5.900 2021 |
yearly |
1980 - 2021 |
| Mexico (%) |
3.299 2021 |
yearly |
1980 - 2021 |
| Micronesia (%) |
1.385 2021 |
yearly |
1996 - 2021 |
| Moldova (%) |
4.100 2021 |
yearly |
1993 - 2021 |
| Mongolia (%) |
8.000 2021 |
yearly |
1980 - 2021 |
| Montenegro (%) |
6.472 2021 |
yearly |
2001 - 2021 |
| Morocco (%) |
4.777 2021 |
yearly |
1980 - 2021 |
| Mozambique (%) |
4.700 2021 |
yearly |
1980 - 2021 |
| Myanmar (%) |
7.510 2023 |
yearly |
1998 - 2023 |
| Namibia (%) |
3.196 2021 |
yearly |
1991 - 2021 |
| Nepal (%) |
4.975 2021 |
yearly |
1980 - 2021 |
| Netherlands (%) |
5.000 2021 |
yearly |
1981 - 2021 |
| New Zealand (%) |
5.941 2021 |
yearly |
1980 - 2021 |
| Nicaragua (%) |
0.000 2021 |
yearly |
1980 - 2021 |
| Niger (%) |
8.113 2021 |
yearly |
1980 - 2021 |
| Nigeria (%) |
2.623 2021 |
yearly |
1991 - 2021 |
| Norway (%) |
2.949 2021 |
yearly |
1980 - 2021 |
| Oman (%) |
2.972 2021 |
yearly |
1980 - 2021 |
| Pakistan (%) |
1.000 2021 |
yearly |
1980 - 2021 |
| Palau (%) |
14.440 2021 |
yearly |
2001 - 2021 |
| Panama (%) |
4.027 2021 |
yearly |
1980 - 2021 |
| Papua New Guinea (%) |
2.919 2021 |
yearly |
1980 - 2021 |
| Paraguay (%) |
4.000 2021 |
yearly |
1980 - 2021 |
| Peru (%) |
5.247 2021 |
yearly |
1980 - 2021 |
| Philippines (%) |
6.800 2021 |
yearly |
1980 - 2021 |
| Poland (%) |
4.200 2021 |
yearly |
1980 - 2021 |
| Portugal (%) |
5.000 2021 |
yearly |
1980 - 2021 |
| Qatar (%) |
5.037 2021 |
yearly |
1980 - 2021 |
| Romania (%) |
3.900 2021 |
yearly |
1980 - 2021 |
| Russia (%) |
4.127 2021 |
yearly |
1993 - 2021 |
| Rwanda (%) |
6.650 2021 |
yearly |
1980 - 2021 |
| Saint Kitts and Nevis (%) |
8.550 2021 |
yearly |
1980 - 2021 |
| Saint Lucia (%) |
6.852 2021 |
yearly |
1980 - 2021 |
| Saint Vincent and the Grenadines (%) |
5.354 2021 |
yearly |
1980 - 2021 |
| Samoa (%) |
0.500 2021 |
yearly |
1980 - 2021 |
| San Marino (%) |
5.400 2021 |
yearly |
1998 - 2021 |
| Sao Tome and Principe (%) |
5.500 2021 |
yearly |
1980 - 2021 |
| Saudi Arabia (%) |
3.087 2021 |
yearly |
1980 - 2021 |
| Senegal (%) |
5.488 2021 |
yearly |
1980 - 2021 |
| Serbia (%) |
7.474 2021 |
yearly |
1999 - 2021 |
| Seychelles (%) |
8.031 2021 |
yearly |
1980 - 2021 |
| Sierra Leone (%) |
3.995 2021 |
yearly |
1980 - 2021 |
| Singapore (%) |
2.962 2021 |
yearly |
1980 - 2021 |
| Slovakia (%) |
4.963 2021 |
yearly |
1994 - 2021 |
| Slovenia (%) |
5.448 2021 |
yearly |
1993 - 2021 |
| Solomon Islands (%) |
3.767 2021 |
yearly |
1980 - 2021 |
| South Africa (%) |
3.496 2021 |
yearly |
1980 - 2021 |
| Spain (%) |
6.314 2021 |
yearly |
1980 - 2021 |
| Sri Lanka (%) |
4.188 2021 |
yearly |
1980 - 2021 |
| Sudan (%) |
-3.036 2021 |
yearly |
1980 - 2021 |
| Suriname (%) |
4.900 2021 |
yearly |
1980 - 2021 |
| Sweden (%) |
5.168 2021 |
yearly |
1980 - 2021 |
| Switzerland (%) |
3.777 2021 |
yearly |
1980 - 2021 |
| Syria (%) |
3.440 2010 |
yearly |
1980 - 2010 |
| Taiwan (%) |
3.547 2021 |
yearly |
1980 - 2021 |
| Tajikistan (%) |
5.500 2021 |
yearly |
1993 - 2021 |
| Tanzania (%) |
4.558 2021 |
yearly |
1980 - 2021 |
| Thailand (%) |
5.000 2021 |
yearly |
1980 - 2021 |
| Timor-Leste (%) |
3.800 2021 |
yearly |
2001 - 2021 |
| Togo (%) |
4.000 2021 |
yearly |
1980 - 2021 |
| Tonga (%) |
1.198 2021 |
yearly |
1980 - 2021 |
| Trinidad and Tobago (%) |
2.602 2021 |
yearly |
1980 - 2021 |
| Tunisia (%) |
4.087 2021 |
yearly |
1980 - 2021 |
| Turkey (%) |
5.000 2021 |
yearly |
1980 - 2021 |
| Turkmenistan (%) |
6.376 2021 |
yearly |
1993 - 2021 |
| Tuvalu (%) |
3.537 2021 |
yearly |
2001 - 2021 |
| Uganda (%) |
4.254 2021 |
yearly |
1980 - 2021 |
| Ukraine (%) |
3.565 2021 |
yearly |
1993 - 2021 |
| United Arab Emirates (%) |
3.273 2021 |
yearly |
1980 - 2021 |
| United Kingdom (%) |
6.320 2021 |
yearly |
1980 - 2021 |
| United States (%) |
4.464 2021 |
yearly |
1980 - 2021 |
| Uruguay (%) |
5.000 2021 |
yearly |
1980 - 2021 |
| Uzbekistan (%) |
7.000 2021 |
yearly |
1993 - 2021 |
| Vanuatu (%) |
4.855 2021 |
yearly |
1980 - 2021 |
| Venezuela (%) |
-5.000 2021 |
yearly |
1980 - 2021 |
| Vietnam (%) |
7.000 2021 |
yearly |
1980 - 2021 |
| Yemen (%) |
6.101 2021 |
yearly |
1991 - 2021 |
| Zambia (%) |
2.349 2021 |
yearly |
1980 - 2021 |
| Zimbabwe (%) |
2.516 2021 |
yearly |
1999 - 2021 |
Nigeria Key Series
| 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) |
30,277.552 2024 |
yearly |
1990 - 2024 |
| Forecast: Government Net Debt (NGN bn) |
89,098.797 2024 |
yearly |
1990 - 2024 |
| Forecast: Government Revenue (NGN bn) |
19,020.111 2024 |
yearly |
1990 - 2024 |
| 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) |
227.713 2024 |
yearly |
1980 - 2024 |
| 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 (%) |
13.2 Aug 2020 |
monthly |
Jan 1961 - Aug 2020 |
| Core CPI Change (%) |
11.068 Aug 2020 |
monthly |
Jan 1996 - Aug 2020 |
| CPI: Food and Non Alcoholic Beverage Change (%) |
15.915 Aug 2020 |
monthly |
Jan 1996 - Aug 2020 |
| Forecast: Consumer Price Index Growth (%) |
12.370 2021 |
yearly |
1996 - 2021 |
| Consumer Price Index (Nov2009=100) |
334.572 Aug 2020 |
monthly |
Jan 1995 - Aug 2020 |
| Consumer Price Index: Food and Non Alcoholic Beverages (Nov2009=100) |
373.317 Aug 2020 |
monthly |
Jan 1995 - Aug 2020 |
| Consumer Price Index: Alcoholic Beverages, Tobacco and Kola (Nov2009=100) |
254.923 Aug 2020 |
monthly |
Jan 1995 - Aug 2020 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) |
2.507 2024 |
yearly |
1991 - 2024 |
| Trade Balance (USD mn) |
-2,239.0 Jun 2020 |
monthly |
Jan 2003 - Jun 2020 |
| Total Exports (USD mn) |
3,339.6 Jun 2020 |
monthly |
Jan 1981 - Jun 2020 |
| Total Exports Growth (%) |
-45.0 Jun 2020 |
monthly |
Jan 1982 - Jun 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) |
2,888.1 Jun 2020 |
monthly |
Jan 1981 - Jun 2020 |
| Total Imports Growth (%) |
-19.3 Jun 2020 |
monthly |
Jan 1982 - Jun 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) |
360.8 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Current Account Balance (USD mn) |
-4,881.7 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Current Account Balance: % of GDP (%) |
-4.3 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Foreign Direct Investment (USD mn) |
427.8 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Foreign Direct Investment: % of GDP (%) |
0.4 Mar 2020 |
quarterly |
Mar 2010 - Mar 2020 |
| Foreign Portfolio Investment: Equity Securities (USD mn) |
-1,414.2 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Foreign Portfolio Investment: % of GDP (%) |
-7.3 Mar 2020 |
quarterly |
Mar 2010 - Mar 2020 |
| Foreign Portfolio Investment (USD mn) |
-8,335.657 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Foreign Portfolio Investment: Debt Securities (USD mn) |
-6,921.495 Mar 2020 |
quarterly |
Mar 2008 - Mar 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) |
-1.395 2024 |
yearly |
1980 - 2024 |
| Net International Investment Position (USD mn) |
-72,916.692 2019 |
yearly |
2005 - 2019 |
| BoP: CA: Current Transfers: Debit (USD mn) |
-139.810 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Assets: Other Investment (USD mn) |
-1,144.953 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Assets (USD mn) |
2,780.029 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Current Transfers: Credit (USD mn) |
6,288.264 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Current Transfers (USD mn) |
6,148.454 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Capital Account (USD mn) |
0.000 Dec 2019 |
quarterly |
Mar 2008 - Dec 2019 |
| BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) |
-99.940 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account (USD mn) |
-6,300.421 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Assets: Direct Investment (USD mn) |
-360.759 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) |
4,385.681 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Goods (USD mn) |
-439.906 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Liabilities (USD mn) |
-9,080.450 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Services: Credit (USD mn) |
1,120.401 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Services (USD mn) |
-7,776.338 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: Net Errors & Omission (USD mn) |
11,182.152 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) |
-1,172.552 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Services: Debit (USD mn) |
-8,896.739 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) |
-8,335.657 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Goods: Credit (USD mn) |
13,389.360 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Goods: Debit (USD mn) |
-13,829.265 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Income (USD mn) |
-2,813.940 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Income: Credit (USD mn) |
542.555 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Income: Debit (USD mn) |
-3,356.495 Mar 2020 |
quarterly |
Mar 2008 - Mar 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 (%) |
7.765 Jun 2020 |
quarterly |
Dec 2010 - Jun 2020 |
| Foreign Exchange Reserves: Months of Import (NA) |
12.4 Jun 2020 |
monthly |
Jan 1981 - Jun 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) |
29,478,837,009.000 Oct 2019 |
monthly |
Jan 2005 - Oct 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) |
376.786 Aug 2020 |
monthly |
Jan 1957 - Aug 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) |
1,482.000 Aug 2020 |
monthly |
Jan 2002 - Aug 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) |
0.6 Aug 2020 |
monthly |
Feb 2018 - Aug 2020 |
| Business Confidence Growth (% Point) |
-18.8 Aug 2020 |
monthly |
Jul 2015 - Aug 2020 |
| Financial Market | Last | Frequency | Range |
|---|---|---|---|
| Equity Market Index (03Jan1984=100) |
25,327.1 Aug 2020 |
monthly |
Jan 1985 - Aug 2020 |
| Market Capitalization: % of GDP (%) |
9.0 2019 |
yearly |
1985 - 2019 |
| Market Capitalization (USD mn) |
35,067.479 Aug 2020 |
monthly |
Jan 1985 - Aug 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) |
1,210,000.000 2018 |
yearly |
2008 - 2018 |
| 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 |