Nigeria Real GDP Growth
2011 - 2020 | Quarterly | % | CEIC Data
The Gross Domestic Product (GDP) in Nigeria contracted 6.1 % YoY in Jun 2020, following a growth of 1.9 % in the previous quarter. Real GDP Growth YoY data in Nigeria is updated quarterly, available from Mar 2011 to Jun 2020, with an average rate of 2.5 %. The data reached an all-time high of 6.9 % in Mar 2011 and a record low of -6.1 % in Jun 2020. CEIC calculates Real GDP Growth from quarterly Real GDP. The National Bureau of Statistics of the Federal Republic of Nigeria provides Real GDP in local currency, at basic 2010 prices.
In the latest reports, Nominal GDP of Nigeria reached 94.4 USD bn in Jun 2020. Its GDP deflator (implicit price deflator) increased 3.5 % in Jun 2020. GDP Per Capita in Nigeria reached 2,341.9 USD in Dec 2019. Its Gross Savings Rate was measured at 20.6 % in Dec 2019.
What was Nigeria's Real GDP Growth in Jun 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
|
-6.1 % Jun 2020 quarterly Mar 2011 - Jun 2020 |
1.9 % Mar 2020 quarterly Mar 2011 - Jun 2020 |
-6.1 Jun 2020 |
6.9 Mar 2011 |
% |
quarterly |
Mar 2011 - Jun 2020 Updated on 11 Sep 2020 |
Real GDP Growth by Country Comparison
| Country/Region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) |
-0.6 Mar 2020 |
quarterly |
Mar 2010 - Mar 2020 |
| Algeria (%) |
-3.9 Mar 2020 |
quarterly |
Mar 2012 - Mar 2020 |
| Argentina (%) |
-19.8 Jun 2020 |
quarterly |
Mar 2005 - Jun 2020 |
| Armenia (%) |
-13.7 Jun 2020 |
quarterly |
Mar 2001 - Jun 2020 |
| Australia (%) |
-6.3 Jun 2020 |
quarterly |
Sep 1960 - Jun 2020 |
| Austria (%) |
-12.9 Jun 2020 |
quarterly |
Mar 1989 - Jun 2020 |
| Azerbaijan (%) |
0.2 Mar 2020 |
quarterly |
Mar 2001 - Mar 2020 |
| Bahrain (%) |
-8.9 Jun 2020 |
quarterly |
Mar 2009 - Jun 2020 |
| Bangladesh (%) |
5.2 2020 |
yearly |
2007 - 2020 |
| Belarus (%) |
-0.2 Mar 2020 |
quarterly |
Mar 2006 - Mar 2020 |
| Belgium (%) |
-14.4 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Bolivia (%) |
0.6 Mar 2020 |
quarterly |
Mar 1991 - Mar 2020 |
| Bosnia and Herzegovina (%) |
2.0 Mar 2020 |
quarterly |
Mar 2009 - Mar 2020 |
| Botswana (%) |
2.6 Mar 2020 |
quarterly |
Mar 1995 - Mar 2020 |
| Brazil (%) |
-11.4 Jun 2020 |
quarterly |
Mar 1997 - Jun 2020 |
| Brunei (%) |
2.8 Jun 2020 |
quarterly |
Mar 2005 - Jun 2020 |
| Bulgaria (%) |
-8.5 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Cambodia (%) |
7.1 2019 |
yearly |
1994 - 2019 |
| Canada (%) |
-13.0 Jun 2020 |
quarterly |
Mar 1962 - Jun 2020 |
| Chile (%) |
-13.7 Jun 2020 |
quarterly |
Mar 1987 - Jun 2020 |
| China (%) |
3.2 Jun 2020 |
quarterly |
Mar 1992 - Jun 2020 |
| Colombia (%) |
-15.5 Jun 2020 |
quarterly |
Mar 2001 - Jun 2020 |
| Croatia (%) |
-15.1 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Cyprus (%) |
-11.9 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Czech Republic (%) |
-11.0 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Denmark (%) |
-8.2 Jun 2020 |
quarterly |
Mar 1992 - Jun 2020 |
| Ecuador (%) |
-2.4 Mar 2020 |
quarterly |
Mar 1994 - Mar 2020 |
| Egypt (%) |
5.0 Mar 2020 |
quarterly |
Sep 2002 - Mar 2020 |
| Estonia (%) |
-6.5 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| European Union (%) |
-13.9 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Finland (%) |
-6.5 Jun 2020 |
quarterly |
Mar 1976 - Jun 2020 |
| France (%) |
-18.9 Jun 2020 |
quarterly |
Mar 1950 - Jun 2020 |
| Georgia (%) |
-12.3 Jun 2020 |
quarterly |
Mar 1998 - Jun 2020 |
| Germany (%) |
-11.3 Jun 2020 |
quarterly |
Mar 1992 - Jun 2020 |
| Ghana (%) |
-0.8 Jun 2020 |
quarterly |
Jun 2006 - Jun 2020 |
| Greece (%) |
-15.2 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Hong Kong SAR, China (%) |
-8.9 Jun 2020 |
quarterly |
Mar 1991 - Jun 2020 |
| Hungary (%) |
-13.5 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Iceland (%) |
-10.7 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| India (%) |
-23.9 Jun 2020 |
quarterly |
Jun 2005 - Jun 2020 |
| Indonesia (%) |
-5.3 Jun 2020 |
quarterly |
Mar 1994 - Jun 2020 |
| Iran (%) |
-6.8 Mar 2020 |
quarterly |
Jun 1989 - Mar 2020 |
| Ireland (%) |
-3.7 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Israel (%) |
-7.9 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Italy (%) |
-17.7 Jun 2020 |
quarterly |
Mar 1982 - Jun 2020 |
| Ivory Coast (%) |
7.4 2018 |
yearly |
1966 - 2018 |
| Japan (%) |
-10.1 Jun 2020 |
quarterly |
Mar 1956 - Jun 2020 |
| Jordan (%) |
1.3 Mar 2020 |
quarterly |
Mar 1993 - Mar 2020 |
| Kazakhstan (%) |
4.9 Dec 2019 |
quarterly |
Mar 2006 - Dec 2019 |
| Kenya (%) |
5.1 Mar 2020 |
quarterly |
Mar 2010 - Mar 2020 |
| South Korea (%) |
-2.8 Jun 2020 |
quarterly |
Mar 1961 - Jun 2020 |
| Kosovo (%) |
-9.3 Jun 2020 |
quarterly |
Mar 2011 - Jun 2020 |
| Kuwait (%) |
-2.5 Mar 2020 |
quarterly |
Jun 2010 - Mar 2020 |
| Kyrgyzstan (%) |
-5.3 Jun 2020 |
quarterly |
Mar 2007 - Jun 2020 |
| Laos (%) |
6.2 2018 |
yearly |
2003 - 2018 |
| Latvia (%) |
-8.6 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Lebanon (%) |
-1.9 2018 |
yearly |
2005 - 2018 |
| Lithuania (%) |
-4.0 Jun 2020 |
quarterly |
Jun 1995 - Jun 2020 |
| Luxembourg (%) |
-0.2 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Macau SAR, China (%) |
-67.8 Jun 2020 |
quarterly |
Mar 2002 - Jun 2020 |
| North Macedonia (%) |
-12.7 Jun 2020 |
quarterly |
Mar 2001 - Jun 2020 |
| Malawi (%) |
4.0 2018 |
yearly |
2003 - 2018 |
| Malaysia (%) |
-17.1 Jun 2020 |
quarterly |
Mar 2001 - Jun 2020 |
| Malta (%) |
-16.2 Jun 2020 |
quarterly |
Mar 2001 - Jun 2020 |
| Mauritius (%) |
-2.0 Mar 2020 |
quarterly |
Mar 2001 - Mar 2020 |
| Mexico (%) |
-18.7 Jun 2020 |
quarterly |
Mar 1981 - Jun 2020 |
| Moldova (%) |
0.9 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Mongolia (%) |
-9.1 Jun 2020 |
quarterly |
Mar 2011 - Jun 2020 |
| Montenegro (%) |
-20.2 Jun 2020 |
quarterly |
Mar 2011 - Jun 2020 |
| Morocco (%) |
0.1 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Mozambique (%) |
2.0 Dec 2018 |
quarterly |
Jun 2007 - Dec 2018 |
| Myanmar (%) |
6.8 2019 |
yearly |
2011 - 2019 |
| Nepal (%) |
-2.7 Mar 2020 |
quarterly |
Dec 2004 - Mar 2020 |
| Netherlands (%) |
-9.2 Jun 2020 |
quarterly |
Mar 1997 - Jun 2020 |
| New Zealand (%) |
-10.1 Jun 2020 |
quarterly |
Jun 1983 - Jun 2020 |
| Nigeria (%) |
-6.1 Jun 2020 |
quarterly |
Mar 2011 - Jun 2020 |
| Norway (%) |
-5.3 Jun 2020 |
quarterly |
Mar 1979 - Jun 2020 |
| Oman (%) |
-0.8 2019 |
yearly |
1999 - 2019 |
| Pakistan (%) |
0.5 2020 |
yearly |
2001 - 2020 |
| Palestinian Territory (%) |
-4.9 Mar 2020 |
quarterly |
Jun 2011 - Mar 2020 |
| Panama (%) |
0.4 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Paraguay (%) |
3.5 Mar 2020 |
quarterly |
Mar 1995 - Mar 2020 |
| Peru (%) |
-30.2 Jun 2020 |
quarterly |
Mar 1981 - Jun 2020 |
| Philippines (%) |
-16.3 Jun 2020 |
quarterly |
Mar 1999 - Jun 2020 |
| Poland (%) |
-7.9 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Portugal (%) |
1.8 Jun 2019 |
quarterly |
Mar 1996 - Jun 2019 |
| Qatar (%) |
-6.1 Jun 2020 |
quarterly |
Mar 2012 - Jun 2020 |
| Romania (%) |
-10.5 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Russia (%) |
-5.6 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Saudi Arabia (%) |
-1.0 Mar 2020 |
quarterly |
Mar 2011 - Mar 2020 |
| Serbia (%) |
4.5 Sep 2019 |
quarterly |
Mar 1997 - Sep 2019 |
| Singapore (%) |
-13.2 Jun 2020 |
quarterly |
Mar 1976 - Jun 2020 |
| Slovakia (%) |
-12.2 Jun 2020 |
quarterly |
Mar 1994 - Jun 2020 |
| Slovenia (%) |
-12.9 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| South Africa (%) |
-17.2 Jun 2020 |
quarterly |
Mar 1961 - Jun 2020 |
| Spain (%) |
-21.5 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Sri Lanka (%) |
-1.6 Mar 2020 |
quarterly |
Mar 2011 - Mar 2020 |
| Sudan (%) |
5.6 2018 |
yearly |
1983 - 2018 |
| Sweden (%) |
-7.7 Jun 2020 |
quarterly |
Mar 1982 - Jun 2020 |
| Switzerland (%) |
-9.4 Jun 2020 |
quarterly |
Mar 1966 - Jun 2020 |
| Syria (%) |
1.6 2018 |
yearly |
1961 - 2018 |
| Taiwan (%) |
-0.2 Jun 2020 |
quarterly |
Mar 1983 - Jun 2020 |
| Tajikistan (%) |
7.2 Sep 2019 |
quarterly |
Mar 2000 - Sep 2019 |
| Thailand (%) |
-12.1 Jun 2020 |
quarterly |
Mar 1994 - Jun 2020 |
| Tunisia (%) |
-20.8 Jun 2020 |
quarterly |
Mar 2001 - Jun 2020 |
| Turkey (%) |
-9.9 Jun 2020 |
quarterly |
Mar 1999 - Jun 2020 |
| Ukraine (%) |
-11.4 Jun 2020 |
quarterly |
Mar 2002 - Jun 2020 |
| United Arab Emirates (%) |
1.9 Mar 2020 |
quarterly |
Jun 2012 - Mar 2020 |
| United Kingdom (%) |
-21.7 Jun 2020 |
quarterly |
Mar 1956 - Jun 2020 |
| United States (%) |
-9.1 Jun 2020 |
quarterly |
Mar 1948 - Jun 2020 |
| Uruguay (%) |
-10.6 Jun 2020 |
quarterly |
Mar 1998 - Jun 2020 |
| Uzbekistan (%) |
0.2 Jun 2020 |
quarterly |
Mar 2016 - Jun 2020 |
| Venezuela (%) |
-26.8 Mar 2019 |
quarterly |
Mar 1998 - Mar 2019 |
| Vietnam (%) |
25.7 Jun 2020 |
quarterly |
Jun 2010 - Jun 2020 |
| Yemen (%) |
-10.0 2017 |
yearly |
1991 - 2017 |
| Zambia (%) |
3.3 Sep 2017 |
quarterly |
Mar 2015 - Sep 2017 |
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) |
34,920.128 2025 |
yearly |
1990 - 2025 |
| Forecast: Government Net Debt (NGN bn) |
109,473.696 2025 |
yearly |
1990 - 2025 |
| Forecast: Government Revenue (NGN bn) |
21,509.034 2025 |
yearly |
1990 - 2025 |
| 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) |
233.343 2025 |
yearly |
1980 - 2025 |
| 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 (%) |
13.7 Sep 2020 |
monthly |
Jan 1961 - Sep 2020 |
| Core CPI Change (%) |
11.163 Sep 2020 |
monthly |
Jan 1996 - Sep 2020 |
| CPI: Food and Non Alcoholic Beverage Change (%) |
16.575 Sep 2020 |
monthly |
Jan 1996 - Sep 2020 |
| Forecast: Consumer Price Index Growth (%) |
10.642 2025 |
yearly |
1996 - 2025 |
| Consumer Price Index (Nov2009=100) |
339.517 Sep 2020 |
monthly |
Jan 1995 - Sep 2020 |
| Consumer Price Index: Food and Non Alcoholic Beverages (Nov2009=100) |
380.295 Sep 2020 |
monthly |
Jan 1995 - Sep 2020 |
| Consumer Price Index: Alcoholic Beverages, Tobacco and Kola (Nov2009=100) |
257.323 Sep 2020 |
monthly |
Jan 1995 - Sep 2020 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) |
3.768 2025 |
yearly |
1991 - 2025 |
| 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) |
370.7 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| Current Account Balance (USD mn) |
-3,232.3 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| Current Account Balance: % of GDP (%) |
-3.4 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| Foreign Direct Investment (USD mn) |
895.4 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| Foreign Direct Investment: % of GDP (%) |
0.9 Jun 2020 |
quarterly |
Mar 2010 - Jun 2020 |
| Foreign Portfolio Investment: Equity Securities (USD mn) |
127.0 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| Foreign Portfolio Investment: % of GDP (%) |
-0.1 Jun 2020 |
quarterly |
Mar 2010 - Jun 2020 |
| Foreign Portfolio Investment (USD mn) |
-56.030 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| Foreign Portfolio Investment: Debt Securities (USD mn) |
-183.072 Jun 2020 |
quarterly |
Mar 2008 - Jun 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) |
-4.059 2025 |
yearly |
1980 - 2025 |
| Net International Investment Position (USD mn) |
-72,916.692 2019 |
yearly |
2005 - 2019 |
| BoP: CA: Current Transfers: Debit (USD mn) |
-124.411 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CA: Goods (USD mn) |
-3,736.259 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) |
-56.030 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) |
-2,077.285 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CF: Financial Account: Liabilities (USD mn) |
3,154.206 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CF: Capital Account (USD mn) |
0.000 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) |
-24.653 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CF: Financial Account (USD mn) |
4,146.346 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) |
2,314.839 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CF: Financial Account: Assets: Direct Investment (USD mn) |
-370.734 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CA: Services: Debit (USD mn) |
-3,385.451 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CA: Current Transfers (USD mn) |
3,905.633 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CA: Services: Credit (USD mn) |
822.669 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CF: Financial Account: Assets (USD mn) |
992.140 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CA: Current Transfers: Credit (USD mn) |
4,030.044 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: Net Errors & Omission (USD mn) |
-914.068 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CA: Services (USD mn) |
-2,562.782 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CF: Financial Account: Assets: Other Investment (USD mn) |
3,464.812 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CA: Goods: Credit (USD mn) |
6,334.341 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CA: Goods: Debit (USD mn) |
-10,070.600 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CA: Income (USD mn) |
-838.870 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CA: Income: Credit (USD mn) |
402.271 Jun 2020 |
quarterly |
Mar 2008 - Jun 2020 |
| BoP: CA: Income: Debit (USD mn) |
-1,241.141 Jun 2020 |
quarterly |
Mar 2008 - Jun 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 (%) |
7.764 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) |
30,292,360,188.000 Dec 2019 |
monthly |
Jan 2005 - Dec 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) |
379.500 Sep 2020 |
monthly |
Jan 1957 - Sep 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) |
1,461.000 Sep 2020 |
monthly |
Jan 2002 - Sep 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) |
-4.4 Sep 2020 |
monthly |
Feb 2018 - Sep 2020 |
| Business Confidence Growth (% Point) |
-21.6 Sep 2020 |
monthly |
Jul 2015 - Sep 2020 |
| Financial Market | Last | Frequency | Range |
|---|---|---|---|
| Equity Market Index (03Jan1984=100) |
26,831.8 Sep 2020 |
monthly |
Jan 1985 - Sep 2020 |
| Market Capitalization: % of GDP (%) |
9.0 2019 |
yearly |
1985 - 2019 |
| Market Capitalization (USD mn) |
36,955.276 Sep 2020 |
monthly |
Jan 1985 - Sep 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) |
1,484,000.000 2019 |
yearly |
2008 - 2019 |
| 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 |