Nigeria Real GDP Growth

2011 - 2020 | Quarterly | % | CEIC Data

The Gross Domestic Product (GDP) in Nigeria contracted 3.6 % YoY in Sep 2020, following a negative growth of 6.1 % in the previous quarter. Real GDP Growth YoY data in Nigeria is updated quarterly, available from Mar 2011 to Sep 2020, with an average rate of 2.4 %. 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 105.0 USD bn in Sep 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.

View Nigeria's Real GDP Growth from Mar 2011 to Sep 2020 in the chart:

Nigeria Real GDP Growth

What was Nigeria's Real GDP Growth in Sep 2020?

Last Previous Min Max Unit Frequency Range
-3.6 Sep 2020 -6.1 Jun 2020 -6.1 Jun 2020 6.9 Mar 2011 % quarterly Mar 2011 - Sep 2020

Real GDP Growth by Country Comparison

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Includes Real GDP Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -11.0 Jun 2020 quarterly Mar 2010 - Jun 2020
Algeria (%) -3.9 Mar 2020 quarterly Mar 2012 - Mar 2020
Argentina (%) -19.8 Jun 2020 quarterly Mar 2005 - Jun 2020
Armenia (%) -9.1 Sep 2020 quarterly Mar 2001 - Sep 2020
Australia (%) -6.3 Jun 2020 quarterly Sep 1960 - Jun 2020
Austria (%) -14.5 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 (%) -3.3 Jun 2020 quarterly Mar 2006 - Jun 2020

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Nigeria Key Series

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Includes 266 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 (%) -3.2 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) 73,740.7 Sep 2020 quarterly Dec 2006 - Sep 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) 2,268.700 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Balance (NGN bn) -1,289.030 Sep 2020 quarterly Mar 2005 - Sep 2020
Gross Federation Account Revenue: Oil (NGN bn) 953.900 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Revenue (NGN bn) 842.090 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Expenditure (NGN bn) 2,131.120 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Expenditure: Recurrent (NGN bn) 1,650.430 Sep 2020 quarterly Mar 2005 - Sep 2020
Government Debt: Domestic (NGN bn) 15,846.231 Sep 2020 quarterly Dec 2005 - Sep 2020

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