Nigeria Private Consumption Expenditure

2010 - 2024 | Quarterly | USD mn | CEIC Data

Key information about Nigeria Private Consumption Expenditure

  • Nigeria Private Consumption Expenditure was reported at 32.910 USD bn in Dec 2024. This records an increase from the previous number of 29.985 USD bn for Sep 2024.
  • Nigeria Private Consumption Expenditure data is updated quarterly, averaging 70.904 USD bn from Mar 2010 to Dec 2024, with 60 observations.
  • The data reached an all-time high of 119.809 USD bn in Dec 2014 and a record low of 26.019 USD bn in Mar 2024.
  • Nigeria Private Consumption Expenditure data remains in an active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Private Consumption Expenditure: USD: Quarterly.

CEIC calculates quarterly Private Consumption Expenditure as the sum of Household and NPISHs Consumption and converts it into USD. The National Bureau of Statistics provides Private Consumption Expenditure in local currency, at basic prices. The Central Bank of Nigeria average market exchange rate is used for currency conversions.

View Nigeria's Private Consumption Expenditure from Mar 2010 to Dec 2024 in the chart:

Nigeria Private Consumption Expenditure

What was Nigeria's Private Consumption Expenditure in Dec 2024?

Nigeria Private Consumption Expenditure was reported at 32.910 USD bn in Dec 2024. This records an increase from the previous number of 29.985 USD bn for Sep 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
32,910.143 Dec 2024 29,985.481 Sep 2024 26,018.837 Mar 2024 119,809.214 Dec 2014 USD mn quarterly Mar 2010 - Dec 2024

Private Consumption Expenditure by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 5,540.172 Mar 2026 quarterly Mar 1995 - Mar 2026
Algeria (USD mn) 111,163.133 2024 yearly 1957 - 2024
Argentina (USD mn) 134,821.276 Mar 2026 quarterly Mar 1993 - Mar 2026
Armenia (USD mn) 6,063.160 Dec 2025 quarterly Dec 1994 - Dec 2025
Australia (USD mn) 266,255.423 Mar 2026 quarterly Sep 1959 - Mar 2026
Austria (USD mn) 76,316.948 Mar 2026 quarterly Mar 1988 - Mar 2026
Azerbaijan (USD mn) 10,988.647 Mar 2026 quarterly Mar 2001 - Mar 2026
Bahrain (USD mn) 18,808.773 2024 yearly 1975 - 2024
Bangladesh (USD mn) 365,097.519 2026 yearly 1981 - 2026
Belarus (USD mn) 14,313.051 Mar 2026 quarterly Mar 2000 - Mar 2026
Belgium (USD mn) 100,634.082 Mar 2026 quarterly Mar 1980 - Mar 2026
Bolivia (USD mn) 10,232.496 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (USD mn) 6,110.810 Mar 2026 quarterly Mar 2000 - Mar 2026
Botswana (USD mn) 2,399.451 Dec 2025 quarterly Mar 2006 - Dec 2025
Brazil (USD mn) 390,296.128 Dec 2025 quarterly Mar 1996 - Dec 2025
Brunei (USD mn) 1,235.361 Mar 2026 quarterly Mar 2010 - Mar 2026
Bulgaria (USD mn) 19,531.485 Mar 2026 quarterly Mar 1995 - Mar 2026
Cambodia (USD mn) 29,881.946 2025 yearly 1993 - 2025
Canada (USD mn) 329,384.068 Dec 2025 quarterly Mar 1961 - Dec 2025
Chile (USD mn) 54,436.420 Mar 2026 quarterly Mar 1996 - Mar 2026
China (USD mn) 7,808,256.460 2025 yearly 1957 - 2025
Colombia (USD mn) 97,156.950 Mar 2026 quarterly Mar 2000 - Mar 2026
Croatia (USD mn) 15,244.309 Sep 2025 quarterly Mar 1995 - Sep 2025
Cyprus (USD mn) 6,073.597 Dec 2025 quarterly Mar 1995 - Dec 2025
Czech Republic (USD mn) 49,697.788 Dec 2025 quarterly Mar 1995 - Dec 2025
Denmark (USD mn) 53,583.193 Mar 2026 quarterly Mar 1990 - Mar 2026
Ecuador (USD mn) 19,476.645 Mar 2026 quarterly Mar 1991 - Mar 2026
Egypt (USD mn) 100,367.271 Mar 2026 quarterly Sep 2001 - Mar 2026
Estonia (USD mn) 6,451.795 Mar 2026 quarterly Mar 1995 - Mar 2026
European Union (USD mn) 2,924,931.524 Dec 2025 quarterly Mar 1999 - Dec 2025
Finland (USD mn) 42,441.157 Mar 2026 quarterly Mar 1990 - Mar 2026
France (USD mn) 478,221.652 Mar 2026 quarterly Mar 1957 - Mar 2026
Georgia (USD mn) 6,919.299 Mar 2026 quarterly Mar 1996 - Mar 2026
Germany (USD mn) 709,023.251 Mar 2026 quarterly Mar 1960 - Mar 2026
Ghana (USD mn) 91,001.933 2025 yearly 2006 - 2025
Greece (USD mn) 50,654.935 Dec 2025 quarterly Mar 1995 - Dec 2025
Hong Kong SAR, China (USD mn) 74,810.545 Dec 2025 quarterly Mar 1973 - Dec 2025
Hungary (USD mn) 35,312.203 Mar 2026 quarterly Mar 1995 - Mar 2026
Iceland (USD mn) 5,172.005 Mar 2026 quarterly Mar 1995 - Mar 2026
India (USD mn) 600,720.826 Mar 2026 quarterly Jun 1996 - Mar 2026
Indonesia (USD mn) 204,678.086 Mar 2026 quarterly Mar 1993 - Mar 2026
Iran (USD mn) 66,145.792 Jun 2025 quarterly Jun 1988 - Jun 2025
Ireland (USD mn) 50,541.410 Mar 2026 quarterly Mar 1995 - Mar 2026
Israel (USD mn) 80,132.765 Mar 2026 quarterly Mar 1995 - Mar 2026
Italy (USD mn) 388,665.448 Mar 2026 quarterly Mar 1995 - Mar 2026
Ivory Coast (USD mn) 65,461.411 2025 yearly 1960 - 2025
Japan (USD mn) 569,922.601 Mar 2026 quarterly Mar 1957 - Mar 2026
Jordan (USD mn) 37,679.440 2023 yearly 1962 - 2023
Kazakhstan (USD mn) 37,494.753 Mar 2026 quarterly Mar 2007 - Mar 2026
Kenya (USD mn) 104,593.622 2025 yearly 1960 - 2025
South Korea (USD mn) 226,295.885 Mar 2026 quarterly Mar 1960 - Mar 2026
Kosovo (USD mn) 2,367.052 Mar 2026 quarterly Mar 2010 - Mar 2026
Kuwait (USD mn) 66,905.771 2024 yearly 1962 - 2024
Kyrgyzstan (USD mn) 7,010.575 Dec 2025 quarterly Mar 2008 - Dec 2025
Laos (USD mn) 10,453.643 2016 yearly 2000 - 2016
Latvia (USD mn) 7,405.717 Dec 2025 quarterly Mar 1995 - Dec 2025
Lebanon (USD mn) 42,420.749 2024 yearly 2004 - 2024
Lithuania (USD mn) 14,161.804 Mar 2026 quarterly Mar 1995 - Mar 2026
Luxembourg (USD mn) 8,943.859 Mar 2026 quarterly Mar 1995 - Mar 2026
Macau SAR, China (USD mn) 4,152.137 Mar 2026 quarterly Mar 2001 - Mar 2026
North Macedonia (USD mn) 3,530.823 Mar 2026 quarterly Mar 2000 - Mar 2026
Malawi (USD mn) 12,549.879 2025 yearly 1960 - 2025
Malaysia (USD mn) 80,289.140 Mar 2026 quarterly Mar 1991 - Mar 2026
Malta (USD mn) 3,335.205 Sep 2025 quarterly Mar 1992 - Sep 2025
Mauritius (USD mn) 2,521.563 Mar 2026 quarterly Mar 1999 - Mar 2026
Mexico (USD mn) 357,747.755 Mar 2026 quarterly Mar 1993 - Mar 2026
Moldova (USD mn) 4,185.298 Mar 2026 quarterly Mar 1995 - Mar 2026
Mongolia (USD mn) 3,585.825 Mar 2026 quarterly Mar 2010 - Mar 2026
Montenegro (USD mn) 2,063.705 Dec 2025 quarterly Mar 2006 - Dec 2025
Morocco (USD mn) 27,229.067 Mar 2026 quarterly Mar 2007 - Mar 2026
Mozambique (USD mn) 16,815.229 2024 yearly 1969 - 2024
Nepal (USD mn) 38,623.377 2025 yearly 1975 - 2025
Netherlands (USD mn) 150,952.235 Mar 2026 quarterly Mar 1988 - Mar 2026
New Zealand (USD mn) 36,735.782 Dec 2025 quarterly Jun 1987 - Dec 2025
Nigeria (USD mn) 32,910.143 Dec 2024 quarterly Mar 2010 - Dec 2024
Norway (USD mn) 61,532.717 Mar 2026 quarterly Mar 1978 - Mar 2026
Oman (USD mn) 41,919.970 2024 yearly 1980 - 2024
Pakistan (USD mn) 351,650.141 2025 yearly 1960 - 2025
Palestinian Territory (USD mn) 4,473.600 Mar 2026 quarterly Mar 2011 - Mar 2026
Panama (USD mn) 39,671.366 2023 yearly 1969 - 2023
Paraguay (USD mn) 9,701.975 Mar 2026 quarterly Mar 1994 - Mar 2026
Peru (USD mn) 53,643.450 Mar 2026 quarterly Mar 1990 - Mar 2026
Philippines (USD mn) 92,500.825 Mar 2026 quarterly Mar 1981 - Mar 2026
Poland (USD mn) 164,541.290 Mar 2026 quarterly Mar 1995 - Mar 2026
Portugal (USD mn) 56,424.938 Mar 2026 quarterly Mar 1995 - Mar 2026
Qatar (USD mn) 12,296.333 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (USD mn) 70,585.454 Mar 2026 quarterly Mar 1995 - Mar 2026
Russia (USD mn) 361,843.910 Mar 2026 quarterly Mar 1993 - Mar 2026
Saudi Arabia (USD mn) 151,713.867 Mar 2026 quarterly Mar 2003 - Mar 2026
Serbia (USD mn) 17,113.430 Dec 2025 quarterly Mar 1995 - Dec 2025
Singapore (USD mn) 49,312.265 Mar 2026 quarterly Mar 1975 - Mar 2026
Slovakia (USD mn) 23,754.498 Mar 2026 quarterly Mar 1995 - Mar 2026
Slovenia (USD mn) 10,743.815 Dec 2025 quarterly Mar 1995 - Dec 2025
South Africa (USD mn) 78,191.100 Mar 2026 quarterly Mar 1960 - Mar 2026
Spain (USD mn) 285,789.426 Mar 2026 quarterly Mar 1995 - Mar 2026
Sri Lanka (USD mn) 19,699.582 Mar 2026 quarterly Mar 2010 - Mar 2026
Sudan (USD mn) 49,057.445 2025 yearly 1960 - 2025
Sweden (USD mn) 81,434.860 Mar 2026 quarterly Mar 1980 - Mar 2026
Switzerland (USD mn) 138,141.955 Mar 2026 quarterly Mar 1980 - Mar 2026
Syria (USD mn) 36,535.969 2022 yearly 1990 - 2022

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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) 107,935.8 Dec 2025 quarterly Dec 2006 - Dec 2025
Government Debt: % of GDP (%) 35.9 Dec 2025 quarterly Dec 2010 - Dec 2025
Forecast: Government Expenditure (NGN bn) 129,829.781 2031 yearly 1990 - 2031
Forecast: Government Net Debt (NGN bn) 318,517.716 2031 yearly 1990 - 2031
Forecast: Government Revenue (NGN bn) 110,023.853 2031 yearly 1990 - 2031
Government Debt: Domestic (NGN bn) 80,488.865 Dec 2025 quarterly Dec 2005 - Dec 2025
Federal Govt Expenditure: Capital (NGN bn) 958.160 Dec 2024 quarterly Mar 2005 - Dec 2024
Gross Federation Account Revenue (NGN bn) 8,626.160 Dec 2025 quarterly Mar 2005 - Dec 2025
Federal Govt Balance (NGN bn) -3,084.970 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Revenue (NGN bn) 2,519.820 Dec 2024 quarterly Mar 2005 - Dec 2024
Gross Federation Account Revenue: Oil (NGN bn) 3,470.680 Dec 2025 quarterly Mar 2005 - Dec 2025
Federal Govt Expenditure: Recurrent (NGN bn) 4,210.940 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure (NGN bn) 5,604.790 Dec 2024 quarterly Mar 2005 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 3,004.1 Mar 2026 monthly Jan 2003 - Mar 2026
Total Exports (USD mn) 6,439.6 Mar 2026 monthly Jan 2003 - Mar 2026
Total Exports Growth (%) 30.7 Mar 2026 monthly Jan 2004 - Mar 2026
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,667.217 2025 yearly 1995 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 558.096 2025 yearly 1995 - 2025
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) -16.2 Mar 2026 monthly Jan 2004 - Mar 2026
Imports: Medicament (USD th) 514,048.055 2025 yearly 1995 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 256,301.450 2025 yearly 1995 - 2025
Total Exports to USA (USD mn) 324.235 Mar 2026 monthly Jan 2003 - Mar 2026
Total Imports from USA (USD mn) 1,121.807 Mar 2026 monthly Dec 2009 - Mar 2026
Total Exports to China (USD mn) 78.524 Mar 2026 monthly Jan 2007 - Mar 2026
Total Imports from China (USD mn) 1,119.692 Mar 2026 monthly Jan 2007 - Mar 2026
Exports: Mineral Products (NGN mn) 73,459,088.314 2025 yearly 2003 - 2025
Exports: Vegetable Products (NGN mn) 1,539,822.759 2025 yearly 2003 - 2025
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 244,171.194 2025 yearly 2003 - 2025
Exports: America: ow USA (NGN mn) 447,061.290 Mar 2026 monthly Jan 2003 - Mar 2026
Exports: Europe: ow Netherlands (NGN mn) 791,854.048 Mar 2026 monthly Jan 2003 - Mar 2026
Exports: Europe: ow UK (NGN mn) 114,530.117 Mar 2026 monthly Jan 2003 - Mar 2026
Exports (NGN mn) 8,879,063.634 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Chemicals and Chemical Products (NGN mn) 570,118.418 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Manufactured Goods (NGN mn) 496,244.386 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Food and Live Animals (NGN mn) 422,824.939 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Machinery and Transport Equipment (NGN mn) 1,422,618.451 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,553,430.417 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Europe: ow Germany (NGN mn) 98,556.391 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Asia: ow China (NGN mn) 1,543,851.231 Mar 2026 monthly Jan 2007 - Mar 2026
Imports: Europe: ow Netherlands (NGN mn) 57,374.515 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: America: ow USA (NGN mn) 1,546,767.888 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Europe: ow UK (NGN mn) 67,040.903 Mar 2026 monthly Jan 2003 - Mar 2026
Imports (NGN mn) 4,736,895.023 Mar 2026 monthly Jan 2003 - Mar 2026
Exports: Crude Oil (NGN mn) 4,837,276.909 Mar 2026 monthly Jan 2003 - Mar 2026
Total Trade (NGN mn) 13,615,958.657 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Growth Rate: MoM (%) 5.042 Mar 2026 monthly Jan 2019 - Mar 2026
Exports: Growth Rate: MoM (%) 49.461 Mar 2026 monthly Jan 2019 - Mar 2026
Export Value Index (2015=100) 106.400 2024 yearly 2005 - 2024
Import Value Index (2015=100) 91.600 2024 yearly 2005 - 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 673.0 Dec 2025 quarterly Mar 2008 - Dec 2025
Current Account Balance (USD mn) 1,397.2 Dec 2025 quarterly Mar 2014 - Dec 2025
Current Account Balance: % of GDP (%) 1.6 Dec 2025 quarterly Mar 2014 - Dec 2025
Foreign Direct Investment (USD mn) 1,113.0 Dec 2025 quarterly Mar 2014 - Dec 2025
Foreign Direct Investment: % of GDP (%) 1.3 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment (USD mn) 5,270.221 Dec 2025 quarterly Mar 2008 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 6.2 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 325.0 Dec 2025 quarterly Mar 2008 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 4,945.254 Dec 2025 quarterly Mar 2008 - Dec 2025
External Debt (USD mn) 51,856.0 Dec 2025 quarterly Dec 2006 - Dec 2025
External Debt: % of GDP (%) 12.0 2025 yearly 1985 - 2025
External Debt: Short Term (USD mn) 1,513.7 2022 yearly 2008 - 2022
External Debt: Short Term: % of GDP (%) 0.2 2022 yearly 2008 - 2022
Forecast: Current Account Balance (USD bn) 16.466 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -90,151.210 2025 yearly 2005 - 2025
External Debt: Government: International Capital Market (USD mn) 18,547.470 Dec 2025 quarterly Mar 2011 - Dec 2025
External Debt: Government (USD mn) 51,856.030 Dec 2025 quarterly Dec 2006 - Dec 2025
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
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) 32,502.999 May 2026 monthly Apr 1990 - May 2026
Money Supply M2 (USD mn) 94,118.070 May 2026 monthly Apr 1990 - May 2026
M2 Growth (%) 8.4 May 2026 monthly Apr 1991 - May 2026
Reserve Requirement Ratio (%) 45.0 Jun 2026 monthly Nov 2005 - Jun 2026
Foreign Exchange Reserves (USD mn) 45,752.8 Dec 2025 monthly Jan 1960 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 16.055 Dec 2025 quarterly Dec 2010 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 11.1 Dec 2025 monthly Jan 2003 - Dec 2025
Gold Reserves (USD mn) 2,978.457 Dec 2025 monthly Dec 1950 - Dec 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) 88,450.2 May 2026 monthly Apr 1990 - May 2026
Domestic Credit Growth (%) 20.3 May 2026 monthly Apr 1991 - May 2026
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 39,452,673.590 May 2026 monthly Apr 1990 - May 2026
Monetary Survey: Liabilities: M2 (NGN mn) 129,201,004.570 May 2026 monthly Apr 1990 - May 2026
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 84,582,365.840 May 2026 monthly Apr 1990 - May 2026
Monetary Survey: Liabilities: M2: M1 (NGN mn) 44,618,638.730 May 2026 monthly Apr 1990 - May 2026
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 5.760 Jun 2025 semiannually Dec 2003 - Jun 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -5.2 Jun 2026 monthly Jul 2015 - Jun 2026

More Indicators for Nigeria

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