Nigeria GDP per Capita

1981 - 2019 | Yearly | USD | CEIC Data

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Nigeria's GDP Per Capita reached 2,341.862 USD in Dec 2019, compared with 2,134.076 USD in Dec 2018. Nigeria GDP Per Capita data is updated yearly, available from Dec 1981 to Dec 2019, with an average number of 1,761.679 USD. The data reached an all-time high of 3,225.711 USD in Dec 2014 and a record low of 492.767 in Dec 1999. CEIC calculates GDP per Capita from annual Nominal GDP and annual Population and converts it into USD. The National Bureau of Statistics of the Federal Republic of Nigeria provides Nominal GDP in local currency, at basic prices. The International Monetary Fund provides Population. The Central Bank of Nigeria average market exchange rate is used for currency conversions. Mid-year Population is used in the calculation of GDP per Capita.

In the latest reports, Nigeria's GDP expanded 1.870 % YoY in Mar 2020. Nigeria's Nominal GDP reached 113.885 USD bn in Mar 2020. Its GDP deflator (implicit price deflator) increased 9.957 % in Mar 2020. Gross Savings Rate of Nigeria was measured at 20.625 % in Dec 2019.

What was Nigeria's GDP per Capita in 2019?

Last Previous Min Max Unit Frequency Range

2,341.862

USD 2019 yearly 1981 - 2019

2,134.076

USD 2018 yearly 1981 - 2019

492.767

1999

3,225.711

2014

USD

yearly

1981 - 2019

Updated on 24 Feb 2020

GDP per Capita by Country Comparison

Buy this table Includes GDP per Capita 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
Albania (USD)

5,353.585

2019

yearly

1984 - 2019

Algeria (USD)

4,080.700

2018

yearly

1963 - 2018

Argentina (USD)

9,903.722

2019

yearly

1962 - 2019

Armenia (USD)

4,615.157

2019

yearly

1994 - 2019

Australia (USD)

55,305.837

2019

yearly

1960 - 2019

Austria (USD)

50,286.807

2019

yearly

1957 - 2019

Azerbaijan (USD)

4,851.200

2019

yearly

1990 - 2019

Bahrain (USD)

25,992.978

2019

yearly

1981 - 2019

Bangladesh (USD)

1,828.000

2019

yearly

1960 - 2019

Belarus (USD)

6,698.112

2019

yearly

1995 - 2019

Belgium (USD)

46,082.247

2019

yearly

1957 - 2019

Bolivia (USD)

3,552.068

2019

yearly

1960 - 2019

Bosnia and Herzegovina (USD)

4,600.000

2015

yearly

1996 - 2015

Botswana (USD)

7,723.315

2017

yearly

1964 - 2017

Brazil (USD)

8,752.400

2019

yearly

1962 - 2019

Brunei (USD)

29,312.819

2019

yearly

1965 - 2019

Bulgaria (USD)

9,771.419

2019

yearly

1985 - 2019

Cambodia (USD)

1,693.828

2019

yearly

1993 - 2019

Canada (USD)

45,445.610

2019

yearly

1971 - 2019

Chile (USD)

14,686.979

2019

yearly

1960 - 2019

China (USD)

10,263.710

2019

yearly

1957 - 2019

Colombia (USD)

6,426.823

2019

yearly

1950 - 2019

Croatia (USD)

14,816.040

2019

yearly

1996 - 2019

Cyprus (USD)

27,897.311

2019

yearly

1995 - 2019

Czech Republic (USD)

23,434.508

2019

yearly

1990 - 2019

Denmark (USD)

59,811.673

2019

yearly

1966 - 2019

Ecuador (USD)

6,183.826

2019

yearly

1960 - 2019

Egypt (USD)

3,057.000

2019

yearly

1982 - 2019

Estonia (USD)

23,691.488

2019

yearly

1993 - 2019

European Union (USD)

34,848.622

2019

yearly

1999 - 2019

Finland (USD)

48,772.157

2019

yearly

1960 - 2019

France (USD)

40,256.350

2019

yearly

1957 - 2019

Georgia (USD)

4,763.457

2019

yearly

1990 - 2019

Germany (USD)

46,285.804

2019

yearly

1970 - 2019

Ghana (USD)

2,212.100

2019

yearly

1960 - 2019

Greece (USD)

19,582.541

2019

yearly

1960 - 2019

Hong Kong SAR, China (USD)

48,718.511

2019

yearly

1961 - 2019

Hungary (USD)

16,148.000

2018

yearly

1991 - 2018

Iceland (USD)

67,092.625

2019

yearly

1960 - 2019

India (USD)

2,139.222

2020

yearly

1958 - 2020

Indonesia (USD)

4,193.109

2019

yearly

2010 - 2019

Iran (USD)

5,494.057

2018

yearly

1960 - 2018

Ireland (USD)

78,750.166

2018

yearly

2000 - 2018

Israel (USD)

43,669.506

2019

yearly

1960 - 2019

Italy (USD)

33,146.803

2019

yearly

1957 - 2019

Ivory Coast (USD)

2,285.976

2019

yearly

1960 - 2019

Japan (USD)

40,262.574

2019

yearly

1957 - 2019

Jordan (USD)

4,222.633

2019

yearly

1957 - 2019

Kazakhstan (USD)

9,731.100

2019

yearly

1993 - 2019

Kenya (USD)

2,007.801

2019

yearly

2006 - 2019

South Korea (USD)

31,838.200

2019

yearly

1953 - 2019

Kosovo (USD)

4,376.386

2019

yearly

2000 - 2019

Kuwait (USD)

30,436.744

2018

yearly

1993 - 2018

Kyrgyzstan (USD)

1,296.019

2019

yearly

1994 - 2019

Laos (USD)

2,585.000

2018

yearly

1980 - 2018

Latvia (USD)

17,830.994

2019

yearly

1995 - 2019

Lebanon (USD)

8,012.539

2018

yearly

1997 - 2018

Lithuania (USD)

19,498.060

2019

yearly

1994 - 2019

Luxembourg (USD)

113,566.502

2019

yearly

1995 - 2019

Macau SAR, China (USD)

79,975.263

2019

yearly

1982 - 2019

North Macedonia (USD)

6,114.783

2019

yearly

1994 - 2019

Malawi (USD)

440.500

2019

yearly

1960 - 2019

Malaysia (USD)

11,197.665

2019

yearly

1957 - 2019

Malta (USD)

29,644.809

2019

yearly

2000 - 2019

Mauritius (USD)

10,928.743

2019

yearly

1957 - 2019

Mexico (USD)

9,997.371

2019

yearly

1993 - 2019

Moldova (USD)

3,187.712

2018

yearly

1995 - 2018

Mongolia (USD)

4,201.799

2019

yearly

1991 - 2019

Montenegro (USD)

8,758.453

2018

yearly

2000 - 2018

Morocco (USD)

3,363.689

2019

yearly

1960 - 2019

Mozambique (USD)

368.380

2019

yearly

1991 - 2019

Myanmar (USD)

1,249.712

2017

yearly

2000 - 2017

Nepal (USD)

1,084.955

2020

yearly

1960 - 2020

Netherlands (USD)

52,863.774

2018

yearly

1960 - 2018

New Zealand (USD)

41,096.022

2020

yearly

1961 - 2020

Nigeria (USD)

2,341.862

2019

yearly

1981 - 2019

Norway (USD)

81,661.329

2018

yearly

1915 - 2018

Oman (USD)

16,529.408

2019

yearly

1980 - 2019

Pakistan (USD)

1,321.321

2019

yearly

1960 - 2019

Palestinian Territory (USD)

3,640.100

2019

yearly

1994 - 2019

Panama (USD)

14,339.427

2016

yearly

1950 - 2016

Paraguay (USD)

4,033.116

2016

yearly

1950 - 2016

Peru (USD)

6,952.511

2019

yearly

1991 - 2019

Philippines (USD)

3,511.996

2019

yearly

1950 - 2019

Poland (USD)

15,428.049

2019

yearly

1965 - 2019

Portugal (USD)

23,107.079

2019

yearly

1960 - 2019

Qatar (USD)

64,705.059

2017

yearly

2000 - 2017

Romania (USD)

12,445.659

2018

yearly

1981 - 2018

Russia (USD)

11,510.288

2019

yearly

1992 - 2019

Saudi Arabia (USD)

23,173.854

2019

yearly

1963 - 2019

Serbia (USD)

7,238.700

2018

yearly

1995 - 2018

Singapore (USD)

65,233.000

2019

yearly

1960 - 2019

Slovakia (USD)

19,322.135

2019

yearly

1995 - 2019

Slovenia (USD)

25,729.449

2019

yearly

1992 - 2019

South Africa (USD)

6,130.300

2019

yearly

1957 - 2019

Spain (USD)

30,367.754

2018

yearly

1960 - 2018

Sri Lanka (USD)

3,852.000

2019

yearly

1959 - 2019

Sudan (USD)

2,825.832

2016

yearly

1970 - 2016

Sweden (USD)

54,579.603

2018

yearly

1957 - 2018

Switzerland (USD)

82,504.321

2018

yearly

1980 - 2018

Syria (USD)

2,834.666

2010

yearly

2002 - 2010

Taiwan (USD)

25,026.000

2018

yearly

1951 - 2018

Tajikistan (USD)

806.268

2018

yearly

1993 - 2018

Thailand (USD)

8,168.718

2019

yearly

1960 - 2019

Tunisia (USD)

3,309.740

2019

yearly

1960 - 2019

Turkey (USD)

9,126.936

2019

yearly

1998 - 2019

Ukraine (USD)

3,659.038

2019

yearly

1993 - 2019

United Arab Emirates (USD)

44,313.329

2019

yearly

1985 - 2019

United Kingdom (USD)

42,338.432

2019

yearly

1957 - 2019

United States (USD)

59,484.000

2017

yearly

1929 - 2017

Uruguay (USD)

16,191.917

2019

yearly

1957 - 2019

Uzbekistan (USD)

1,724.839

2019

yearly

1990 - 2019

Venezuela (USD)

684,960.377

2017

yearly

1960 - 2017

Vietnam (USD)

2,715.000

2019

yearly

1983 - 2019

Yemen (USD)

736.212

2017

yearly

1991 - 2017

Zambia (USD)

1,375.334

2015

yearly

2000 - 2015

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)

113,884.7

Mar 2020

quarterly

Mar 2010 - Mar 2020

Real GDP Growth (%)

1.9

Mar 2020

quarterly

Mar 2011 - Mar 2020

Nominal GDP Growth (%)

12.013

Mar 2020

quarterly

Mar 2011 - Mar 2020

GDP per Capita (USD)

2,341.862

2019

yearly

1981 - 2019

GDP Deflator Growth (%)

10.0

Mar 2020

quarterly

Mar 2011 - Mar 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 $)

6,712.984

2024

yearly

1990 - 2024

Forecast: Nominal GDP Per Capita (USD)

3,346.387

2024

yearly

1990 - 2024

Forecast: Real GDP Growth (%)

2.623

2021

yearly

1991 - 2021

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: Services: Public Administration (NGN mn)

560,764.029

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Industry (NGN mn)

10,509,175.322

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

2,841,035.666

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

78,033.479

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

134,797.538

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

4,625,845.146

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

1,402,476.197

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

953,991.119

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

2,829,463.494

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

5,377,999.539

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

1,273,433.209

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

1,863,236.073

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices (NGN mn)

35,647,406.085

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

3,676,010.473

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

429,653.110

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

1,143,132.557

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

6,575.206

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

700,852.548

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

218,227.966

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

89,201.321

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Agriculture (NGN mn)

7,442,677.415

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

2,692,253.730

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

572,257.931

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

296,779.233

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

1,591,248.223

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

30,063.465

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

1,615,390.581

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

682,791.738

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

33,907.846

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

1,047.040

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

1,597,017.485

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

637,487.096

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

3,959,171.115

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

178,331.471

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p (NGN mn)

16,741,809.923

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

2,356,225.320

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

872,533.434

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

3,291.581

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

280,721.305

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

348,558.962

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

113,695.467

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

51,263.119

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

702,086.667

Mar 2020

quarterly

Mar 2010 - Mar 2020

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

3,677,153.492

Mar 2020

quarterly

Mar 2010 - Mar 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)

3,324.200

Dec 2019

quarterly

Mar 2005 - Dec 2019

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

-3.3

2019

yearly

2005 - 2019

Consolidated Fiscal Balance (USD mn)

4,673.639

Mar 2020

quarterly

Mar 2005 - Mar 2020

National Government Debt (USD mn)

74,100.618

Mar 2020

quarterly

Dec 2006 - Mar 2020

Government Debt: % of GDP (%)

16.2

2019

yearly

1981 - 2019

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)

938.720

Dec 2019

quarterly

Mar 2005 - Dec 2019

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)

442.210

Dec 2019

quarterly

Mar 2005 - Dec 2019

Government Debt: Domestic (NGN bn)

14,272.645

Dec 2019

quarterly

Dec 2005 - Dec 2019

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

206.1

2020

yearly

1950 - 2020

Labour Force Participation Rate (%)

52.9

2019

yearly

1990 - 2019

Employed Persons (Person)

69,542,943.617

Sep 2018

quarterly

Mar 2012 - Sep 2018

Unemployment Rate (%)

10.00

2013

yearly

2010 - 2013

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)

90,470,591.606

Sep 2018

quarterly

Mar 2012 - Sep 2018

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

39,655,607.963

Sep 2018

quarterly

Mar 2014 - Sep 2018

Labour Force: Economically Active: Employment Female (Person)

29,887,335.654

Sep 2018

quarterly

Mar 2014 - Sep 2018

Labour Force: Unemployment: Male (Person)

10,120,801.178

Sep 2018

quarterly

Mar 2012 - Sep 2018

Labour Force: Economically Active: Employment (Person)

69,542,943.617

Sep 2018

quarterly

Mar 2012 - Sep 2018

Labour Force: Unemployment: Female (Person)

10,806,846.811

Sep 2018

quarterly

Mar 2012 - Sep 2018

Labour Force: Economically Active: Unemployment (Person)

20,927,647.990

Sep 2018

quarterly

Mar 2012 - Sep 2018

Labour Force: Economically Active: Male (Person)

49,776,409.141

Sep 2018

quarterly

Mar 2014 - Sep 2018

Labour Force: Economically Active: Female (Person)

40,694,182.465

Sep 2018

quarterly

Mar 2014 - Sep 2018

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 (%)

12.6

Jun 2020

monthly

Jan 1961 - Jun 2020

Core CPI Change (%)

10.755

Jun 2020

monthly

Jan 1996 - Jun 2020

CPI: Food and Non Alcoholic Beverage Change (%)

15.098

Jun 2020

monthly

Jan 1996 - Jun 2020

Forecast: Consumer Price Index Growth (%)

12.370

2021

yearly

1996 - 2021

Consumer Price Index (Nov2009=100)

326.075

Jun 2020

monthly

Jan 1995 - Jun 2020

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

361.720

Jun 2020

monthly

Jan 1995 - Jun 2020

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

250.371

Jun 2020

monthly

Jan 1995 - Jun 2020

Foreign Trade Last Frequency Range
Trade Balance (USD mn)

-497.5

Mar 2020

monthly

Jan 2003 - Mar 2020

Total Exports (USD mn)

4,989.4

Mar 2020

monthly

Jan 1981 - Mar 2020

Total Exports Growth (%)

-6.5

Mar 2020

monthly

Jan 1982 - Mar 2020

Aluminum: Exports (USD th)

140,649.113

2018

yearly

1995 - 2018

Exports: Medicament (USD th)

1,769.750

2018

yearly

1995 - 2018

Exports: Medicinal and Pharmaceutical Product (USD th)

383.638

2018

yearly

1995 - 2018

Total Imports (USD mn)

4,051.7

Mar 2020

monthly

Jan 1981 - Mar 2020

Total Imports Growth (%)

17.1

Mar 2020

monthly

Jan 1982 - Mar 2020

Forecast: Exports of Goods Growth (%)

2.507

2024

yearly

1991 - 2024

Imports: Medicament (USD th)

774,500.081

2018

yearly

1995 - 2018

Imports: Medicinal and Pharmaceutical Product (USD th)

273,049.631

2018

yearly

1995 - 2018

Total Exports to USA (USD mn)

65.918

Mar 2020

monthly

Jan 2003 - Mar 2020

Total Imports from USA (USD mn)

396.293

Mar 2020

monthly

Dec 2009 - Mar 2020

Total Imports from China (USD mn)

1,192.065

Mar 2020

monthly

Jan 2007 - Mar 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)

40,923.710

2018

yearly

2003 - 2018

Exports: Vegetable Products (NGN mn)

176,320.493

2018

yearly

2003 - 2018

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
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 (USD mn)

-8,335.660

Mar 2020

quarterly

Mar 2008 - Mar 2020

Foreign Portfolio Investment: % of GDP (%)

-7.319

Mar 2020

quarterly

Mar 2010 - Mar 2020

Foreign Portfolio Investment: Equity Securities (USD mn)

-1,414.162

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

Direct Investment Abroad (USD mn)

360.8

Mar 2020

quarterly

Mar 2008 - Mar 2020

Net International Investment Position (USD mn)

-82,598.152

2018

yearly

2005 - 2018

Forecast: Current Account Balance (USD bn)

-1.395

2024

yearly

1980 - 2024

BoP: CA: Current Transfers (USD mn)

6,148.454

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Services: Credit (USD mn)

1,120.401

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: 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: CA: Services (USD mn)

-9,260.469

Dec 2019

quarterly

Mar 2008 - Dec 2019

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

6,288.264

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

4,385.681

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

-99.940

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: Liabilities: Portfolio Investment (USD mn)

-8,335.657

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 (USD mn)

-6,300.421

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Services: Debit (USD mn)

-8,896.739

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: Net Errors & Omission (USD mn)

11,182.152

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Goods (USD mn)

-439.906

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)

27,665.660

Mar 2020

quarterly

Dec 2006 - Mar 2020

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

10,868.350

Mar 2020

quarterly

Mar 2011 - Mar 2020

External Debt: Service Payments (USD mn)

194.440

Dec 2018

quarterly

Mar 2008 - Dec 2018

Capital Inflow: Foreign Direct Investment (USD)

110,924,229.500

Jan 2020

monthly

Jan 2007 - Jan 2020

Monetary Last Frequency Range
Money Supply M1 (USD mn)

33,853.687

Jun 2020

monthly

Nov 1992 - Jun 2020

Money Supply M2 (USD mn)

89,240.877

Jun 2020

monthly

Nov 1992 - Jun 2020

M2 Growth (%)

15.3

Jun 2020

monthly

Nov 1993 - Jun 2020

Non Performing Loans Ratio (%)

11.4

2018

yearly

2003 - 2018

Reserve Requirement Ratio (%)

27.5

Jul 2020

monthly

Nov 2005 - Jul 2020

Foreign Exchange Reserves (USD mn)

35,877.6

Jul 2020

monthly

Jan 1960 - Jul 2020

Foreign Exchange Reserves: % of GDP (%)

7.009

Mar 2020

quarterly

Dec 2010 - Mar 2020

Foreign Exchange Reserves: Months of Import (NA)

8.3

Mar 2020

monthly

Jan 1981 - Mar 2020

Gold Reserves (USD mn)

0.062

Jan 2018

monthly

Dec 1950 - Jan 2018

Total Deposits (USD mn)

84,227.541

2019

yearly

1992 - 2019

Total Deposits Growth (%)

2.607

Dec 2019

monthly

Nov 1993 - Dec 2019

Domestic Credit (USD mn)

107,854.5

May 2020

monthly

Nov 1992 - May 2020

Domestic Credit Growth (%)

17.6

Jun 2020

monthly

Nov 1993 - Jun 2020

Private Debt: % of Nominal GDP (%)

10.76

Mar 2020

quarterly

Dec 2010 - Mar 2020

Monetary Survey: Liabilities: M2 (NGN mn)

32,171,336.260

Jun 2020

monthly

Nov 1992 - Jun 2020

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

12,386,831.120

May 2020

monthly

Nov 1992 - May 2020

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

20,103,701.130

May 2020

monthly

Nov 1992 - May 2020

Monetary Survey: Liabilities: Base Money (NGN mn)

12,968,506.550

May 2020

monthly

Jan 1993 - May 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)

15.650

Jun 2020

monthly

Jan 2006 - Jun 2020

Exchange Rate against USD (NGN/USD)

360.500

Jul 2020

monthly

Jan 1957 - Jul 2020

Policy Rate (% pa)

12.50

Jul 2020

monthly

Dec 2006 - Jul 2020

Short Term Interest Rate (% pa)

5.39

Jun 2020

monthly

Jan 2010 - Jun 2020

Real Effective Exchange Rate (2005=100)

136.5

Jun 2020

monthly

Dec 1979 - Jun 2020

Deposit Rate: Savings Deposits (% pa)

3.780

Jun 2020

monthly

Jan 2006 - Jun 2020

Prime Lending Rate (% pa)

15.650

Jun 2020

monthly

Jan 2006 - Jun 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)

1,504.000

Jun 2020

monthly

Jan 2002 - Jun 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)

1.7

Dec 2017

quarterly

Jun 2008 - Dec 2017

Business Confidence Growth (% Point)

-32.6

Jun 2020

quarterly

Sep 2015 - Jun 2020

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

24,693.7

Jul 2020

monthly

Jan 1985 - Jul 2020

Market Capitalization: % of GDP (%)

9.0

2019

yearly

1985 - 2019

Market Capitalization: Nigeria Stock Exchange (NGN tn)

28.595

Jul 2020

monthly

Jun 2008 - Jul 2020

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

5.550

Dec 2019

monthly

Jan 2008 - Dec 2019

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)

3,149.796

2018

yearly

1995 - 2018

Exports: Television (USD th)

1,080.168

2018

yearly

1995 - 2018

Imports: ICT Goods (USD th)

1,323,695.494

2018

yearly

2000 - 2018

Imports: Telecommunication Equipment (USD th)

1,307,968.553

2018

yearly

1995 - 2018

Imports: Television (USD th)

267,949.545

2018

yearly

1995 - 2018

Passenger Traffic: Airport (Person)

17,230,438.000

2018

yearly

2003 - 2018

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