Nigeria Real GDP Growth
2011 - 2020 | Quarterly | % | CEIC Data
The Gross Domestic Product (GDP) in Nigeria expanded 1.9 % YoY in Mar 2020, following a growth of 2.6 % in the previous quarter. Real GDP Growth YoY data in Nigeria is updated quarterly, available from Mar 2011 to Mar 2020, with an average rate of 2.6 %. The data reached an all-time high of 6.9 % in Mar 2011 and a record low of -2.3 % in Sep 2016. 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 113.9 USD bn in Mar 2020. Its GDP deflator (implicit price deflator) increased 10.0 % in Mar 2020. GDP Per Capita in Nigeria reached 2,134.1 USD in Dec 2018. Its Gross Savings Rate was measured at 20.6 % in Dec 2019.
What was Nigeria's Real GDP Growth in Mar 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
|
1.9 % Mar 2020 quarterly Mar 2011 - Mar 2020 |
2.6 % Dec 2019 quarterly Mar 2011 - Mar 2020 |
-2.3 Sep 2016 |
6.9 Mar 2011 |
% |
quarterly |
Mar 2011 - Mar 2020 Updated on 25 May 2020 |
Real GDP Growth by Country Comparison
| Country/Region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) |
-0.6 Mar 2020 |
quarterly |
Mar 2010 - Mar 2020 |
| Algeria (%) |
0.8 2019 |
yearly |
2000 - 2019 |
| Argentina (%) |
-0.5 Dec 2019 |
quarterly |
Mar 2005 - Dec 2019 |
| Armenia (%) |
3.8 Mar 2020 |
quarterly |
Mar 2001 - Mar 2020 |
| Australia (%) |
1.4 Mar 2020 |
quarterly |
Sep 1960 - Mar 2020 |
| Austria (%) |
-2.6 Mar 2020 |
quarterly |
Mar 1989 - Mar 2020 |
| Azerbaijan (%) |
-0.5 Dec 2019 |
quarterly |
Mar 2001 - Dec 2019 |
| Bahrain (%) |
-1.1 Mar 2020 |
quarterly |
Mar 2009 - Mar 2020 |
| Belarus (%) |
-0.2 Mar 2020 |
quarterly |
Mar 2006 - Mar 2020 |
| Belgium (%) |
-14.5 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 (%) |
-0.2 Mar 2020 |
quarterly |
Mar 1997 - Mar 2020 |
| Brunei (%) |
2.4 Mar 2020 |
quarterly |
Mar 2005 - Mar 2020 |
| Bulgaria (%) |
2.4 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Cambodia (%) |
7.1 2019 |
yearly |
1994 - 2019 |
| Canada (%) |
-0.9 Mar 2020 |
quarterly |
Mar 1962 - Mar 2020 |
| Chile (%) |
0.5 Mar 2020 |
quarterly |
Mar 1987 - Mar 2020 |
| China (%) |
3.2 Jun 2020 |
quarterly |
Mar 1992 - Jun 2020 |
| Colombia (%) |
0.4 Mar 2020 |
quarterly |
Mar 2001 - Mar 2020 |
| Croatia (%) |
0.4 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Cyprus (%) |
0.8 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Czech Republic (%) |
-2.0 Mar 2020 |
quarterly |
Mar 1997 - Mar 2020 |
| Denmark (%) |
-0.2 Mar 2020 |
quarterly |
Mar 1992 - Mar 2020 |
| Ecuador (%) |
-2.4 Mar 2020 |
quarterly |
Mar 1994 - Mar 2020 |
| Egypt (%) |
5.0 Mar 2020 |
quarterly |
Sep 2002 - Mar 2020 |
| Estonia (%) |
4.0 Dec 2019 |
quarterly |
Mar 1996 - Dec 2019 |
| European Union (%) |
-14.4 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Finland (%) |
-4.4 Mar 2020 |
quarterly |
Mar 1976 - Mar 2020 |
| France (%) |
-19.0 Jun 2020 |
quarterly |
Mar 1950 - Jun 2020 |
| Georgia (%) |
2.2 Mar 2020 |
quarterly |
Mar 1998 - Mar 2020 |
| Germany (%) |
-2.3 Mar 2020 |
quarterly |
Mar 1992 - Mar 2020 |
| Greece (%) |
-0.9 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Hong Kong SAR, China (%) |
-8.9 Mar 2020 |
quarterly |
Mar 1991 - Mar 2020 |
| Hungary (%) |
2.0 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Iceland (%) |
-0.4 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| India (%) |
3.1 Mar 2020 |
quarterly |
Jun 2005 - Mar 2020 |
| Indonesia (%) |
-5.3 Jun 2020 |
quarterly |
Mar 1994 - Jun 2020 |
| Iran (%) |
-12.1 Mar 2019 |
quarterly |
Jun 1989 - Mar 2019 |
| Ireland (%) |
4.5 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Israel (%) |
0.7 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Italy (%) |
-17.3 Jun 2020 |
quarterly |
Mar 1982 - Jun 2020 |
| Ivory Coast (%) |
7.4 2018 |
yearly |
1966 - 2018 |
| Japan (%) |
-1.9 Mar 2020 |
quarterly |
Mar 1956 - Mar 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 (%) |
-3.0 Jun 2020 |
quarterly |
Mar 1961 - Jun 2020 |
| Kosovo (%) |
1.3 Mar 2020 |
quarterly |
Mar 2011 - Mar 2020 |
| Kuwait (%) |
0.4 2019 |
yearly |
1971 - 2019 |
| Kyrgyzstan (%) |
4.5 Dec 2019 |
quarterly |
Mar 2007 - Dec 2019 |
| Laos (%) |
6.2 2018 |
yearly |
2003 - 2018 |
| Latvia (%) |
-9.6 Jun 2020 |
quarterly |
Mar 1996 - Jun 2020 |
| Lebanon (%) |
-1.9 2018 |
yearly |
2005 - 2018 |
| Lithuania (%) |
-3.7 Jun 2020 |
quarterly |
Jun 1995 - Jun 2020 |
| Luxembourg (%) |
-0.2 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Macau SAR, China (%) |
-48.7 Mar 2020 |
quarterly |
Mar 2002 - Mar 2020 |
| North Macedonia (%) |
0.2 Mar 2020 |
quarterly |
Mar 2001 - Mar 2020 |
| Malawi (%) |
4.0 2018 |
yearly |
2003 - 2018 |
| Malaysia (%) |
3.6 Dec 2019 |
quarterly |
Mar 2001 - Dec 2019 |
| Malta (%) |
0.5 Mar 2020 |
quarterly |
Mar 2001 - Mar 2020 |
| Mauritius (%) |
-2.0 Mar 2020 |
quarterly |
Mar 2001 - Mar 2020 |
| Mexico (%) |
-18.9 Jun 2020 |
quarterly |
Mar 1981 - Jun 2020 |
| Moldova (%) |
0.9 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Mongolia (%) |
-10.7 Mar 2020 |
quarterly |
Mar 2011 - Mar 2020 |
| Montenegro (%) |
2.7 Mar 2020 |
quarterly |
Mar 2011 - Mar 2020 |
| Morocco (%) |
0.1 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Myanmar (%) |
6.8 2018 |
yearly |
2012 - 2018 |
| Nepal (%) |
2.3 2020 |
yearly |
1961 - 2020 |
| Netherlands (%) |
-0.4 Mar 2020 |
quarterly |
Mar 1997 - Mar 2020 |
| New Zealand (%) |
-0.2 Mar 2020 |
quarterly |
Jun 1983 - Mar 2020 |
| Nigeria (%) |
1.9 Mar 2020 |
quarterly |
Mar 2011 - Mar 2020 |
| Norway (%) |
1.8 Dec 2019 |
quarterly |
Mar 1979 - Dec 2019 |
| Oman (%) |
-0.8 2019 |
yearly |
1999 - 2019 |
| Pakistan (%) |
3.3 2019 |
yearly |
2001 - 2019 |
| Panama (%) |
3.3 Dec 2019 |
quarterly |
Mar 2008 - Dec 2019 |
| Paraguay (%) |
3.5 Mar 2020 |
quarterly |
Mar 1995 - Mar 2020 |
| Peru (%) |
-3.4 Mar 2020 |
quarterly |
Mar 1981 - Mar 2020 |
| Philippines (%) |
-16.3 Jun 2020 |
quarterly |
Mar 1999 - Jun 2020 |
| Poland (%) |
1.7 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Portugal (%) |
1.8 Jun 2019 |
quarterly |
Mar 1996 - Jun 2019 |
| Qatar (%) |
0.9 Mar 2020 |
quarterly |
Mar 2012 - Mar 2020 |
| Romania (%) |
2.7 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| Russia (%) |
1.6 Dec 2019 |
quarterly |
Mar 1996 - Dec 2019 |
| Saudi Arabia (%) |
-1.0 Mar 2020 |
quarterly |
Mar 2011 - Mar 2020 |
| Serbia (%) |
4.5 Sep 2019 |
quarterly |
Mar 1997 - Sep 2019 |
| Singapore (%) |
-0.7 Mar 2020 |
quarterly |
Mar 1976 - Mar 2020 |
| Slovakia (%) |
-3.8 Mar 2020 |
quarterly |
Mar 1994 - Mar 2020 |
| Slovenia (%) |
-3.4 Mar 2020 |
quarterly |
Mar 1996 - Mar 2020 |
| South Africa (%) |
-0.3 Mar 2020 |
quarterly |
Mar 1961 - Mar 2020 |
| Spain (%) |
-22.1 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 (%) |
-8.2 Jun 2020 |
quarterly |
Mar 1982 - Jun 2020 |
| Switzerland (%) |
-1.5 Mar 2020 |
quarterly |
Mar 1966 - Mar 2020 |
| Syria (%) |
-1.5 2017 |
yearly |
1961 - 2017 |
| Taiwan (%) |
1.9 Mar 2020 |
quarterly |
Mar 1983 - Mar 2020 |
| Tajikistan (%) |
7.2 Sep 2019 |
quarterly |
Mar 2000 - Sep 2019 |
| Thailand (%) |
-1.8 Mar 2020 |
quarterly |
Mar 1994 - Mar 2020 |
| Tunisia (%) |
-1.5 Mar 2020 |
quarterly |
Mar 2001 - Mar 2020 |
| Turkey (%) |
4.5 Mar 2020 |
quarterly |
Mar 1999 - Mar 2020 |
| Ukraine (%) |
1.5 Dec 2019 |
quarterly |
Mar 2002 - Dec 2019 |
| United Arab Emirates (%) |
1.7 2019 |
yearly |
2002 - 2019 |
| United Kingdom (%) |
-1.6 Mar 2020 |
quarterly |
Mar 1956 - Mar 2020 |
| United States (%) |
-9.5 Jun 2020 |
quarterly |
Mar 1948 - Jun 2020 |
| Uruguay (%) |
-1.4 Mar 2020 |
quarterly |
Mar 1998 - Mar 2020 |
| Venezuela (%) |
-26.8 Mar 2019 |
quarterly |
Mar 1998 - Mar 2019 |
| Vietnam (%) |
7.0 2019 |
yearly |
2005 - 2019 |
| Yemen (%) |
-10.0 2017 |
yearly |
1991 - 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) |
3,324.200 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: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) |
-8,335.657 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: 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: Current Transfers: Credit (USD mn) |
6,288.264 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Current Transfers (USD mn) |
6,148.454 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: Reserves Assets (USD mn) |
4,385.681 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: Assets: Other Investment (USD mn) |
-1,144.953 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: CA: Goods: Credit (USD mn) |
13,389.360 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: Services: Credit (USD mn) |
1,120.401 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: CA: Services (USD mn) |
-9,260.469 Dec 2019 |
quarterly |
Mar 2008 - Dec 2019 |
| BoP: CA: Services: Debit (USD mn) |
-8,896.739 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Goods (USD mn) |
-439.906 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 |