Nigeria GDP Deflator Growth

2011 - 2025 | Quarterly | % | CEIC Data

Key information about Nigeria GDP Deflator Growth

  • Nigeria GDP deflator (implicit price deflator) fell 55.7 % in Mar 2025, compared with an increase of 11.4 % in the previous quarter.
  • Nigeria GDP Deflator Growth data is updated quarterly, available from Mar 2011 to Mar 2025, with an average rate of 47.0 %.
  • The data reached an all-time high of 69.2 % in Mar 2021 and a record low of 34.4 % in Sep 2012.

CEIC calculates GDP Deflator Growth from quarterly Nominal and Real GDP. The National Bureau of Statistics provides Nominal GDP in local currency, at basic prices and Real GDP in local currency, at basic 2019 prices. GDP Deflator Growth prior to Q1 2024 is calculated from Real GDP at basic 2010 prices.


Related information about Nigeria GDP Deflator Growth

  • In the latest reports, Nigeria GDP expanded 4.2 % YoY in Jun 2025.
  • Its Nominal GDP reached 63.8 USD bn in Jun 2025.
  • Nigeria GDP Per Capita reached 2,955.3 USD in Dec 2022.
  • Its Gross Savings Rate was measured at 48.5 % in Dec 2024.

View Nigeria's GDP Deflator Growth from Mar 2011 to Mar 2025 in the chart:

Nigeria GDP Deflator Growth

What was Nigeria's GDP Deflator Growth in Mar 2025?

Nigeria GDP deflator (implicit price deflator) fell 55.7 % in Mar 2025, compared with an increase of 11.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-55.7 Mar 2025 11.4 Dec 2024 34.4 Sep 2012 69.2 Mar 2021 % quarterly Mar 2011 - Mar 2025

GDP Deflator Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 2.2 Jun 2025 quarterly Mar 1997 - Jun 2025
Algeria (%) 1.1 Jun 2025 quarterly Mar 2000 - Jun 2025
Argentina (%) 40.8 Jun 2025 quarterly Mar 2005 - Jun 2025
Armenia (%) 4.0 Sep 2025 quarterly Mar 2001 - Sep 2025
Australia (%) 2.2 Jun 2025 quarterly Sep 1960 - Jun 2025
Austria (%) 2.6 Jun 2025 quarterly Mar 1996 - Jun 2025
Azerbaijan (%) 1.3 Jun 2025 quarterly Mar 2002 - Jun 2025
Bahrain (%) -0.3 Jun 2025 quarterly Mar 2011 - Jun 2025
Bangladesh (%) 6.8 2025 yearly 2007 - 2025
Belarus (%) 13.1 Jun 2025 quarterly Mar 2006 - Jun 2025
Belgium (%) 2.2 Sep 2025 quarterly Mar 1996 - Sep 2025
Bolivia (%) 4.9 Dec 2024 quarterly Mar 1991 - Dec 2024
Bosnia and Herzegovina (%) 3.2 Jun 2025 quarterly Mar 2009 - Jun 2025
Botswana (%) 6.9 Jun 2025 quarterly Mar 1995 - Jun 2025
Brazil (%) 6.4 Jun 2025 quarterly Mar 1997 - Jun 2025
Brunei (%) -5.4 Jun 2025 quarterly Mar 2005 - Jun 2025
Bulgaria (%) 5.1 Jun 2025 quarterly Mar 1996 - Jun 2025
Cambodia (%) 2.2 2022 yearly 1994 - 2022
Canada (%) 2.5 Sep 2025 quarterly Mar 1962 - Sep 2025
Chile (%) 7.0 Sep 2025 quarterly Mar 1991 - Sep 2025
China (%) -1.0 Sep 2025 quarterly Mar 1993 - Sep 2025
Colombia (%) 6.0 Sep 2025 quarterly Mar 2001 - Sep 2025
Croatia (%) 5.5 Sep 2025 quarterly Mar 1996 - Sep 2025
Cyprus (%) 0.6 Sep 2025 quarterly Mar 1996 - Sep 2025
Czech Republic (%) 3.3 Sep 2025 quarterly Mar 1997 - Sep 2025
Denmark (%) 0.1 Sep 2025 quarterly Mar 1992 - Sep 2025
Ecuador (%) 0.0 Jun 2025 quarterly Mar 2001 - Jun 2025
Egypt (%) 18.4 Jun 2025 quarterly Sep 2002 - Jun 2025
Estonia (%) 3.1 Sep 2025 quarterly Mar 1996 - Sep 2025
European Union (%) 2.7 Jun 2025 quarterly Mar 1996 - Jun 2025
Finland (%) 2.5 Sep 2025 quarterly Mar 1976 - Sep 2025
France (%) 0.9 Sep 2025 quarterly Mar 1950 - Sep 2025
Georgia (%) 4.2 Jun 2025 quarterly Mar 1998 - Jun 2025
Germany (%) 3.1 Sep 2025 quarterly Mar 1992 - Sep 2025
Ghana (%) 16.7 Jun 2025 quarterly Mar 2007 - Jun 2025
Greece (%) 3.4 Jun 2025 quarterly Mar 1996 - Jun 2025
Hong Kong SAR, China (%) 1.0 Sep 2025 quarterly Mar 1974 - Sep 2025
Hungary (%) 5.8 Jun 2025 quarterly Mar 1996 - Jun 2025
Iceland (%) 7.1 Sep 2025 quarterly Mar 1996 - Sep 2025
India (%) 0.5 Sep 2025 quarterly Jun 2005 - Sep 2025
Indonesia (%) 2.3 Sep 2025 quarterly Mar 1994 - Sep 2025
Iran (%) 39.2 Jun 2025 quarterly Jun 1989 - Jun 2025
Ireland (%) 0.5 Jun 2025 quarterly Mar 1996 - Jun 2025
Israel (%) 1.3 Sep 2025 quarterly Mar 1996 - Sep 2025
Italy (%) 2.7 Sep 2025 quarterly Mar 1997 - Sep 2025
Ivory Coast (%) 3.1 2024 yearly 1966 - 2024
Japan (%) 2.8 Sep 2025 quarterly Mar 1981 - Sep 2025
Jordan (%) 2.1 Jun 2025 quarterly Mar 1993 - Jun 2025
Kazakhstan (%) 10.3 Sep 2025 quarterly Mar 2004 - Sep 2025
Kenya (%) 6.0 Jun 2025 quarterly Mar 2010 - Jun 2025
South Korea (%) 2.8 Jun 2025 quarterly Mar 1961 - Jun 2025
Kosovo (%) 2.4 Jun 2025 quarterly Mar 2011 - Jun 2025
Kuwait (%) -9.3 Jun 2025 quarterly Mar 2011 - Jun 2025
Kyrgyzstan (%) 12.8 Sep 2025 quarterly Mar 2001 - Sep 2025
Laos (%) 17.4 2024 yearly 2003 - 2024
Latvia (%) 5.9 Sep 2025 quarterly Mar 1996 - Sep 2025
Lebanon (%) 321.8 2023 yearly 2012 - 2023
Lithuania (%) 4.0 Sep 2025 quarterly Mar 1996 - Sep 2025
Luxembourg (%) 2.6 Jun 2025 quarterly Mar 1996 - Jun 2025
Macau SAR, China (%) -1.5 Sep 2025 quarterly Mar 1999 - Sep 2025
North Macedonia (%) 4.2 Jun 2025 quarterly Mar 2001 - Jun 2025
Malawi (%) 29.0 2023 yearly 2003 - 2023
Malaysia (%) 0.1 Sep 2025 quarterly Mar 1992 - Sep 2025
Malta (%) 2.6 Sep 2025 quarterly Mar 2001 - Sep 2025
Mauritius (%) 3.2 Mar 2025 quarterly Mar 2001 - Mar 2025
Mexico (%) 4.2 Sep 2025 quarterly Mar 1981 - Sep 2025
Moldova (%) 6.3 Jun 2025 quarterly Mar 2011 - Jun 2025
Mongolia (%) 1.2 Sep 2025 quarterly Mar 2001 - Sep 2025
Montenegro (%) 5.0 Jun 2025 quarterly Mar 2007 - Jun 2025
Morocco (%) 2.1 Jun 2025 quarterly Mar 2008 - Jun 2025
Mozambique (%) 6.5 2024 yearly 1992 - 2024
Myanmar (%) 7.3 2023 yearly 2011 - 2023
Nepal (%) 2.4 2025 yearly 2002 - 2025
Netherlands (%) 3.6 Sep 2025 quarterly Mar 1997 - Sep 2025
New Zealand (%) 4.3 Jun 2025 quarterly Jun 1988 - Jun 2025
Nigeria (%) -55.7 Mar 2025 quarterly Mar 2011 - Mar 2025
Norway (%) -0.0 Sep 2025 quarterly Mar 1979 - Sep 2025
Oman (%) -0.7 2024 yearly 1999 - 2024
Pakistan (%) 4.3 2025 yearly 2001 - 2025
Palestinian Territory (%) -13.3 Jun 2025 quarterly Mar 2001 - Jun 2025
Panama (%) -0.2 Jun 2025 quarterly Mar 2008 - Jun 2025
Paraguay (%) 3.0 Jun 2025 quarterly Mar 1995 - Jun 2025
Peru (%) 3.9 Sep 2025 quarterly Mar 1991 - Sep 2025
Philippines (%) 0.8 Sep 2025 quarterly Mar 1982 - Sep 2025
Poland (%) 2.7 Sep 2025 quarterly Mar 1996 - Sep 2025
Portugal (%) 4.2 Sep 2025 quarterly Mar 1996 - Sep 2025
Qatar (%) -2.1 Jun 2025 quarterly Mar 2012 - Jun 2025
Romania (%) 4.5 Jun 2025 quarterly Mar 1996 - Jun 2025
Russia (%) 3.6 Jun 2025 quarterly Mar 1996 - Jun 2025
Saudi Arabia (%) -4.2 Jun 2025 quarterly Mar 2011 - Jun 2025
Serbia (%) 4.6 Sep 2025 quarterly Mar 1996 - Sep 2025
Singapore (%) -0.7 Sep 2025 quarterly Mar 1976 - Sep 2025
Slovakia (%) 3.7 Jun 2025 quarterly Mar 1996 - Jun 2025
Slovenia (%) 3.6 Sep 2025 quarterly Mar 1996 - Sep 2025
South Africa (%) 1.7 Jun 2025 quarterly Mar 1961 - Jun 2025
Spain (%) 2.8 Sep 2025 quarterly Mar 1996 - Sep 2025
Sri Lanka (%) 5.4 Jun 2025 quarterly Mar 2011 - Jun 2025
Sudan (%) 146.2 2021 yearly 1983 - 2021
Sweden (%) 1.1 Sep 2025 quarterly Mar 1982 - Sep 2025
Switzerland (%) 0.1 Sep 2025 quarterly Mar 1981 - Sep 2025

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Consolidated Fiscal Balance (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
National Government Debt (USD mn) 97,066.2 Jun 2025 quarterly Dec 2006 - Jun 2025
Government Debt: % of GDP (%) 37.5 Jun 2025 quarterly Dec 2010 - Jun 2025
Forecast: Government Expenditure (NGN bn) 109,186.865 2030 yearly 1990 - 2030
Forecast: Government Net Debt (NGN bn) 295,803.687 2030 yearly 1990 - 2030
Forecast: Government Revenue (NGN bn) 80,747.215 2030 yearly 1990 - 2030
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 2,213.2 Jun 2025 monthly Jan 2003 - Jun 2025
Total Exports (USD mn) 4,858.0 Jun 2025 monthly Jan 2003 - Jun 2025
Total Exports Growth (%) 22.6 Jun 2025 monthly Jan 2004 - Jun 2025
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,102.688 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 578.589 2024 yearly 1995 - 2024
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) 2.5 Jun 2025 monthly Jan 2004 - Jun 2025
Imports: Medicament (USD th) 605,905.663 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 335,165.261 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 264.685 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports from USA (USD mn) 503.329 Jun 2025 monthly Dec 2009 - Jun 2025
Total Exports to China (USD mn) 174.147 Jun 2025 monthly Jan 2007 - Jun 2025
Total Imports from China (USD mn) 1,013.525 Jun 2025 monthly Jan 2007 - Jun 2025
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Growth Rate: MoM (%) -17.669 Sep 2024 monthly Jan 2019 - Sep 2024
Imports: Growth Rate: MoM (%) -17.535 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -551.1 Mar 2025 quarterly Mar 2008 - Mar 2025
Current Account Balance (USD mn) 3,726.7 Mar 2025 quarterly Mar 2014 - Mar 2025
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 246.9 Mar 2025 quarterly Mar 2014 - Mar 2025
Foreign Direct Investment: % of GDP (%) 0.4 Mar 2025 quarterly Mar 2010 - Mar 2025
Foreign Portfolio Investment (USD mn) -5,026.384 Mar 2025 quarterly Mar 2008 - Mar 2025
Foreign Portfolio Investment: % of GDP (%) -8.1 Mar 2025 quarterly Mar 2010 - Mar 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -133.9 Mar 2025 quarterly Mar 2008 - Mar 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -4,892.510 Mar 2025 quarterly Mar 2008 - Mar 2025
External Debt (USD mn) 46,983.4 Jun 2025 quarterly Dec 2006 - Jun 2025
External Debt: % of GDP (%) 18.6 2024 yearly 1985 - 2024
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) 2.643 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,555.096 2024 yearly 2005 - 2024
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
External Debt: Government (USD mn) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 27,684.996 Oct 2025 monthly Apr 1990 - Oct 2025
Money Supply M2 (USD mn) 83,749.939 Oct 2025 monthly Apr 1990 - Oct 2025
M2 Growth (%) 10.2 Oct 2025 monthly Apr 1991 - Oct 2025
Reserve Requirement Ratio (%) 45.0 Oct 2025 monthly Nov 2005 - Oct 2025
Foreign Exchange Reserves (USD mn) 38,880.0 Jan 2025 monthly Jan 1960 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 16.359 Dec 2024 quarterly Dec 2010 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 10.9 Jan 2025 monthly Jan 2003 - Jan 2025
Gold Reserves (USD mn) 2,152.409 Mar 2025 monthly Dec 1950 - Mar 2025
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) 69,798.2 Oct 2025 monthly Apr 1990 - Oct 2025
Domestic Credit Growth (%) -12.6 Oct 2025 monthly Apr 1991 - Oct 2025
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - Jan 2025
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 74,077,851.830 Jan 2025 monthly Nov 1992 - Jan 2025
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 8.6 Nov 2025 monthly Jul 2015 - Nov 2025

More Indicators for Nigeria

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