Nigeria Motor Vehicles Sales Growth

2006 - 2019 | Yearly | % | CEIC Data

Key information about Nigeria Motor Vehicles Sales Growth

  • Nigeria Motor Vehicles Sales dropped 42.4 % in Dec 2019, compared with a growth of 107.3 % in the previous year.
  • Nigeria Motor Vehicles Sales Growth rate is updated yearly, available from Dec 2006 to Dec 2019, with an average growth rate of 3.8 %.
  • The data reached an all-time high of 325.0 % in Dec 2009 and a record low of -68.4 % in Dec 2007.
  • Car Sales of Nigeria recorded 9,800.0 units in Dec 2019.

CEIC calculates annual Motor Vehicles Sales Growth from semiannual Motor Vehicles Sales. The International Organization of Motor Vehicle Manufacturers provides year-to-date Motor Vehicles Sales.

View Nigeria's Motor Vehicles Sales Growth from 2006 to 2019 in the chart:

Nigeria Motor Vehicles Sales Growth

What was Nigeria's Motor Vehicles Sales Growth in 2019?

Nigeria Motor Vehicles Sales dropped 42.4 % in Dec 2019, compared with a growth of 107.3 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-42.4 2019 107.3 2018 -68.4 2007 325.0 2009 % yearly 2006 - 2019

Motor Vehicles Sales Growth by Country Comparison

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Includes Motor Vehicles Sales Growth on 110 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 38.9 2019 yearly 2006 - 2019
Algeria (%) -1.8 2019 yearly 2006 - 2019
Argentina (%) 20.4 May 2022 monthly Jan 1997 - May 2022
Armenia (%) -32.8 2019 yearly 2006 - 2019
Australia (%) -6.4 May 2022 monthly Jan 1995 - May 2022
Austria (%) 1.5 2021 yearly 2006 - 2021
Azerbaijan (%) 67.5 2019 yearly 2006 - 2019
Bahrain (%) -16.0 2019 yearly 2006 - 2019
Bangladesh (%) 5.4 2019 yearly 2006 - 2019
Belarus (%) 20.9 2019 yearly 2006 - 2019
Belgium (%) -9.3 2021 yearly 2006 - 2021
Bolivia (%) -12.1 2019 yearly 2006 - 2019
Bosnia and Herzegovina (%) -52.5 2019 yearly 2006 - 2019
Botswana (%) -87.1 2019 yearly 2006 - 2019
Brazil (%) -0.8 May 2022 monthly Jan 2003 - May 2022
Brunei (%) 20.1 Nov 2020 monthly Jan 2011 - Nov 2020
Bulgaria (%) 16.2 2021 yearly 2006 - 2021
Cambodia (%) 12.6 2019 yearly 2006 - 2019
Canada (%) -13.6 Apr 2022 monthly Jan 1947 - Apr 2022
Chile (%) 11.4 May 2022 monthly Jan 2010 - May 2022
China (%) -12.5 May 2022 monthly Jan 2001 - May 2022
Colombia (%) 3.9 Mar 2022 monthly Jan 2004 - Mar 2022
Croatia (%) 24.0 2021 yearly 2006 - 2021
Cyprus (%) -3.9 2019 yearly 2006 - 2019
Czech Republic (%) 10.2 Dec 2020 monthly Jan 2012 - Dec 2020
Denmark (%) -4.9 2021 yearly 2006 - 2021
Ecuador (%) 40.3 2021 yearly 2006 - 2021
Egypt (%) 26.4 2021 yearly 2006 - 2021
Estonia (%) 18.6 2019 yearly 2006 - 2019
Finland (%) 2.0 2021 yearly 2006 - 2021
France (%) 2.0 2021 yearly 2006 - 2021
Georgia (%) -3.4 2019 yearly 2006 - 2019
Germany (%) -9.0 2021 yearly 2006 - 2021
Ghana (%) -19.4 2019 yearly 2006 - 2019
Greece (%) 26.7 2021 yearly 2006 - 2021
Hong Kong SAR, China (%) -12.8 2019 yearly 2006 - 2019
Hungary (%) -2.3 2021 yearly 2006 - 2021
Iceland (%) -34.2 2019 yearly 2006 - 2019
India (%) 2.8 Mar 2022 monthly May 2002 - Mar 2022
Indonesia (%) -9.8 May 2022 monthly Jan 1990 - May 2022
Iran (%) -31.7 2019 yearly 2006 - 2019
Ireland (%) 21.4 2021 yearly 2006 - 2021
Israel (%) 35.2 2021 yearly 2006 - 2021
Italy (%) 6.4 2021 yearly 2006 - 2021
Ivory Coast (%) 15.8 2019 yearly 2006 - 2019
Japan (%) -18.1 May 2022 monthly Jan 1992 - May 2022
Jordan (%) 3.6 2019 yearly 2006 - 2019
Kazakhstan (%) 27.4 2021 yearly 2006 - 2021
Kenya (%) -23.9 2019 yearly 2006 - 2019
South Korea (%) -3.3 May 2022 monthly Jan 1995 - May 2022
Kuwait (%) 17.4 2021 yearly 2006 - 2021
Kyrgyzstan (%) -35.8 2019 yearly 2006 - 2019
Laos (%) 16.8 2019 yearly 2006 - 2019
Latvia (%) 0.8 2019 yearly 2006 - 2019
Lebanon (%) -33.8 2019 yearly 2006 - 2019
Lithuania (%) 30.7 2019 yearly 2006 - 2019
Luxembourg (%) 4.4 2019 yearly 2006 - 2019
North Macedonia (%) 5.9 2019 yearly 2006 - 2019
Malawi (%) 1.6 2019 yearly 2006 - 2019
Malaysia (%) -3.6 Apr 2022 monthly Jul 1995 - Apr 2022
Malta (%) -6.1 2019 yearly 2006 - 2019
Mauritius (%) 3.0 2019 yearly 2006 - 2019
Mexico (%) 5.5 May 2022 monthly Jan 1996 - May 2022
Moldova (%) 7.7 2019 yearly 2006 - 2019
Mongolia (%) -41.0 2019 yearly 2006 - 2019
Morocco (%) 31.6 2021 yearly 2006 - 2021
Myanmar (%) 43.8 2019 yearly 2006 - 2019
Nepal (%) 3.5 2019 yearly 2006 - 2019
Netherlands (%) -5.2 2021 yearly 2006 - 2021
New Zealand (%) 38.3 2021 yearly 1976 - 2021
Nigeria (%) -42.4 2019 yearly 2006 - 2019
Norway (%) 20.5 2021 yearly 2006 - 2021
Oman (%) -0.2 2019 yearly 2006 - 2019
Pakistan (%) 44.8 May 2022 monthly Jul 2006 - May 2022
Palestinian Territory (%) -25.3 2019 yearly 2006 - 2019
Panama (%) 7.9 Apr 2022 monthly Jan 2006 - Apr 2022
Paraguay (%) -15.0 2019 yearly 2006 - 2019
Peru (%) 40.2 2021 yearly 2006 - 2021
Philippines (%) 40.9 Apr 2022 monthly Jan 1997 - Apr 2022
Poland (%) 8.7 2021 yearly 2006 - 2021
Portugal (%) -24.2 May 2022 monthly Jan 2001 - May 2022
Qatar (%) 0.1 2019 yearly 2006 - 2019
Romania (%) -0.9 2021 yearly 2006 - 2021
Russia (%) -83.5 May 2022 monthly Jan 2009 - May 2022
Saudi Arabia (%) 23.0 2021 yearly 2006 - 2021
Serbia (%) 4.5 2019 yearly 2006 - 2019
Singapore (%) -28.9 Apr 2022 monthly Jan 2011 - Apr 2022
Slovakia (%) 2.9 2021 yearly 2006 - 2021
Slovenia (%) 14.0 2019 yearly 2006 - 2019
South Africa (%) 4.3 Apr 2022 monthly Jan 2004 - Apr 2022
Spain (%) 0.3 2021 yearly 2006 - 2021
Sri Lanka (%) -27.0 2019 yearly 2006 - 2019
Sudan (%) -13.8 2019 yearly 2006 - 2019
Sweden (%) 4.1 2021 yearly 2006 - 2021
Switzerland (%) 1.1 2021 yearly 2006 - 2021
Syria (%) 62.8 2019 yearly 2006 - 2019
Taiwan (%) -23.9 May 2022 monthly Jan 1998 - May 2022
Tajikistan (%) 0.8 2019 yearly 2006 - 2019
Thailand (%) 15.7 May 2022 monthly Dec 1992 - May 2022
Tunisia (%) -5.3 2019 yearly 2006 - 2019

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Nigeria Key Series

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Includes 210 key indicators for Nigeria, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.9 Dec 2020 quarterly Dec 2010 - Dec 2020
Consolidated Fiscal Balance (USD mn) -5,434.321 Dec 2021 quarterly Mar 2005 - Dec 2021
National Government Debt (USD mn) 88,421.5 Mar 2022 quarterly Dec 2006 - Mar 2022
Government Debt: % of GDP (%) 20.2 Dec 2021 quarterly Dec 2010 - Dec 2021
Forecast: Government Expenditure (NGN bn) 53,826.479 2027 yearly 1990 - 2027
Forecast: Government Net Debt (NGN bn) 173,827.955 2027 yearly 1990 - 2027
Forecast: Government Revenue (NGN bn) 28,821.587 2027 yearly 1990 - 2027
Gross Federation Account Revenue: Oil (NGN bn) 1,115.170 Dec 2021 quarterly Mar 2005 - Dec 2021
Gross Federation Account Revenue (NGN bn) 2,844.730 Dec 2021 quarterly Mar 2005 - Dec 2021
Federal Govt Expenditure: Capital (NGN bn) 745.710 Dec 2021 quarterly Mar 2005 - Dec 2021
Federal Govt Expenditure (NGN bn) 3,497.670 Dec 2021 quarterly Mar 2005 - Dec 2021
Federal Govt Balance (NGN bn) -2,232.330 Dec 2021 quarterly Mar 2005 - Dec 2021
Federal Govt Expenditure: Recurrent (NGN bn) 2,627.830 Dec 2021 quarterly Mar 2005 - Dec 2021
Federal Govt Revenue (NGN bn) 1,265.340 Dec 2021 quarterly Mar 2005 - Dec 2021
Government Debt: Domestic (NGN bn) 20,144.028 Mar 2022 quarterly Dec 2005 - Mar 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.626 2027 yearly 1991 - 2027
Trade Balance (USD mn) 2,336.0 Mar 2022 monthly Jan 2003 - Mar 2022
Total Exports (USD mn) 6,746.6 Mar 2022 monthly Jan 2003 - Mar 2022
Total Exports Growth (%) 153.9 Mar 2022 monthly Jan 2004 - Mar 2022
Aluminum: Exports (USD th) 89,277.166 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 1,579.306 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 585.807 2020 yearly 1995 - 2020
Total Imports (USD mn) 4,410.6 Mar 2022 monthly Jan 2003 - Mar 2022
Total Imports Growth (%) -7.3 Mar 2022 monthly Jan 2004 - Mar 2022
Imports: Medicament (USD th) 916,159.669 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 417,523.499 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 415.182 Mar 2022 monthly Jan 2003 - Mar 2022
Total Imports from USA (USD mn) 322.312 Mar 2022 monthly Dec 2009 - Mar 2022
Total Exports to China (USD mn) 46.245 Mar 2022 monthly Jan 2007 - Mar 2022
Total Imports from China (USD mn) 1,423.512 Dec 2021 monthly Jan 2007 - Dec 2021
Exports: Crude Oil (NGN mn) 2,209,623.002 Mar 2022 monthly Jan 2003 - Mar 2022
Total Trade (NGN mn) 4,639,517.168 Mar 2022 monthly Jan 2003 - Mar 2022
Imports (NGN mn) 1,834,067.441 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: Europe: ow UK (NGN mn) 75,924.032 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: America: ow USA (NGN mn) 172,645.951 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: Europe: ow Netherlands (NGN mn) 279,127.005 Mar 2022 monthly Jan 2003 - Mar 2022
Exports (NGN mn) 2,805,449.727 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Europe: ow Netherlands (NGN mn) 102,706.239 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Europe: ow Germany (NGN mn) 42,882.036 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Europe: ow UK (NGN mn) 44,920.190 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Asia: ow China (NGN mn) 531,343.215 Mar 2022 monthly Jan 2007 - Mar 2022
Imports: America: ow USA (NGN mn) 134,027.678 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: Vegetable Products (NGN mn) 259,305.350 2021 yearly 2003 - 2021
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 44,635.113 2021 yearly 2003 - 2021
Exports: Mineral Products (NGN mn) 16,910,118.786 2021 yearly 2003 - 2021
Imports: Manufactured Goods (NGN mn) 175,513.767 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Chemicals and Chemical Products (NGN mn) 308,561.620 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 338,220.193 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Food and Live Animals (NGN mn) 245,235.157 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Machinery and Transport Equipment (NGN mn) 605,003.903 Mar 2022 monthly Jan 2003 - Mar 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 822.3 Sep 2021 quarterly Mar 2008 - Sep 2021
Current Account Balance (USD mn) 3,680.3 Sep 2021 quarterly Mar 2008 - Sep 2021
Current Account Balance: % of GDP (%) 3.3 Sep 2021 quarterly Mar 2008 - Sep 2021
Foreign Direct Investment (USD mn) -8.7 Sep 2021 quarterly Mar 2008 - Sep 2021
Foreign Direct Investment: % of GDP (%) -0.0 Sep 2021 quarterly Mar 2010 - Sep 2021
Foreign Portfolio Investment (USD mn) 7,457.719 Sep 2021 quarterly Mar 2008 - Sep 2021
Foreign Portfolio Investment: % of GDP (%) 6.8 Sep 2021 quarterly Mar 2010 - Sep 2021
Foreign Portfolio Investment: Equity Securities (USD mn) 81.8 Sep 2021 quarterly Mar 2008 - Sep 2021
Foreign Portfolio Investment: Debt Securities (USD mn) 7,375.945 Sep 2021 quarterly Mar 2008 - Sep 2021
External Debt (USD mn) 39,969.2 Mar 2022 quarterly Dec 2006 - Mar 2022
External Debt: % of GDP (%) 8.8 2021 yearly 1985 - 2021
External Debt: Short Term (USD mn) 0.1 2019 yearly 2008 - 2019
External Debt: Short Term: % of GDP (%) 0.0 2019 yearly 2008 - 2019
Forecast: Current Account Balance (USD bn) -6.402 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -75,228.078 2021 yearly 2005 - 2021
BoP: CA: Goods (USD mn) 1,765.909 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Current Transfers (USD mn) 6,458.983 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 7,457.719 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Capital Account (USD mn) 0.000 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) 2.464 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Services (USD mn) -2,513.605 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets: Other Investment (USD mn) -3,204.269 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets (USD mn) -9,308.112 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Income: Debit (USD mn) -2,618.990 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: Net Errors & Omission (USD mn) -6,253.815 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Services: Credit (USD mn) 917.177 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Goods: Debit (USD mn) -10,884.367 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Current Transfers: Credit (USD mn) 6,553.759 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) 4,432.631 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) -5,283.967 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Liabilities (USD mn) 11,881.648 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Income (USD mn) -2,031.008 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) -822.340 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Services: Debit (USD mn) -3,430.782 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Current Transfers: Debit (USD mn) -94.776 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Goods: Credit (USD mn) 12,650.276 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Income: Credit (USD mn) 587.982 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account (USD mn) 2,573.536 Sep 2021 quarterly Mar 2008 - Sep 2021
External Debt: Government (USD mn) 38,391.320 Dec 2021 quarterly Dec 2006 - Dec 2021
External Debt: Government: International Capital Market (USD mn) 14,368.350 Dec 2021 quarterly Mar 2011 - Dec 2021
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
Capital Inflow: Foreign Direct Investment (USD) 52,666,629.000 Feb 2022 monthly Jan 2007 - Feb 2022
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) 47,811.710 Apr 2022 monthly Nov 1992 - Apr 2022
Money Supply M2 (USD mn) 112,095.914 Apr 2022 monthly Nov 1992 - Apr 2022
M2 Growth (%) 21.0 Apr 2022 monthly Nov 1993 - Apr 2022
Reserve Requirement Ratio (%) 27.5 May 2022 monthly Nov 2005 - May 2022
Foreign Exchange Reserves (USD mn) 38,483.7 May 2022 monthly Jan 1960 - May 2022
Foreign Exchange Reserves: % of GDP (%) 9.028 Mar 2022 quarterly Dec 2010 - Mar 2022
Foreign Exchange Reserves: Months of Import (NA) 9.0 Mar 2022 monthly Jan 2003 - Mar 2022
Gold Reserves (USD mn) 0.062 Jan 2018 monthly Dec 1950 - Jan 2018
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 129,324.9 Apr 2022 monthly Nov 1992 - Apr 2022
Domestic Credit Growth (%) 21.7 Apr 2022 monthly Nov 1993 - Apr 2022
Private Debt: % of Nominal GDP (%) 12.23 Dec 2021 quarterly Dec 2010 - Dec 2021
Monetary Survey: Liabilities: M2: M1 (NGN mn) 19,608,338.790 Mar 2022 monthly Nov 1992 - Mar 2022
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 26,690,158.390 Apr 2022 monthly Nov 1992 - Apr 2022
Monetary Survey: Liabilities: Base Money (NGN mn) 14,255,048.740 Apr 2022 monthly Jan 1993 - Apr 2022
Monetary Survey: Liabilities: M2 (NGN mn) 46,541,102.400 Apr 2022 monthly Nov 1992 - Apr 2022
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 6.020 Dec 2020 semiannually Dec 2003 - Dec 2020
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 13.0 Jan 2022 monthly Jul 2015 - Jan 2022

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