Nigeria Gross Domestic Product: Share of GDP
Nigeria NG: GDP: % of GDP: Exports of Goods and Services
NG: GDP: % of GDP: Exports of Goods and Services data was reported at 9.218 % in 2016. This records a decrease from the previous number of 10.666 % for 2015. NG: GDP: % of GDP: Exports of Goods and Services data is updated yearly, averaging 24.310 % from Dec 1960 to 2016, with 57 observations. The data reached an all-time high of 51.730 % in 2000 and a record low of 8.269 % in 1962. NG: GDP: % of GDP: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 9.22 2016 | yearly | 1960 - 2016 |
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Nigeria NG: GDP: % of GDP: External Balance on Goods and Services
NG: GDP: % of GDP: External Balance on Goods and Services data was reported at -2.286 % in 2016. This records a decrease from the previous number of -0.000 % for 2015. NG: GDP: % of GDP: External Balance on Goods and Services data is updated yearly, averaging 5.051 % from Dec 1960 to 2016, with 57 observations. The data reached an all-time high of 32.080 % in 2000 and a record low of -7.683 % in 1960. NG: GDP: % of GDP: External Balance on Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -2.29 2016 | yearly | 1960 - 2016 |
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Nigeria NG: GDP: % of GDP: Final Consumption Expenditure
NG: GDP: % of GDP: Final Consumption Expenditure data was reported at 86.946 % in 2016. This records an increase from the previous number of 84.510 % for 2015. NG: GDP: % of GDP: Final Consumption Expenditure data is updated yearly, averaging 79.775 % from Dec 1981 to 2016, with 36 observations. The data reached an all-time high of 98.170 % in 1998 and a record low of 60.682 % in 1989. NG: GDP: % of GDP: Final Consumption Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 86.95 2016 | yearly | 1981 - 2016 |
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Nigeria NG: GDP: % of GDP: Final Consumption Expenditure: General Government
NG: GDP: % of GDP: Final Consumption Expenditure: General Government data was reported at 5.384 % in 2016. This records a decrease from the previous number of 5.935 % for 2015. NG: GDP: % of GDP: Final Consumption Expenditure: General Government data is updated yearly, averaging 8.205 % from Dec 1981 to 2016, with 36 observations. The data reached an all-time high of 17.944 % in 1994 and a record low of 4.833 % in 1991. NG: GDP: % of GDP: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 5.38 2016 | yearly | 1981 - 2016 |
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Nigeria NG: GDP: % of GDP: Final Consumption Expenditure: Household
NG: GDP: % of GDP: Final Consumption Expenditure: Household data was reported at 81.562 % in 2016. This records an increase from the previous number of 78.575 % for 2015. NG: GDP: % of GDP: Final Consumption Expenditure: Household data is updated yearly, averaging 68.939 % from Dec 1981 to 2016, with 36 observations. The data reached an all-time high of 84.197 % in 1998 and a record low of 52.546 % in 2000. NG: GDP: % of GDP: Final Consumption Expenditure: Household data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 81.56 2016 | yearly | 1981 - 2016 |
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Nigeria NG: GDP: % of GDP: Gross Capital Formation
NG: GDP: % of GDP: Gross Capital Formation data was reported at 15.340 % in 2016. This records a decrease from the previous number of 15.490 % for 2015. NG: GDP: % of GDP: Gross Capital Formation data is updated yearly, averaging 11.921 % from Dec 1981 to 2016, with 36 observations. The data reached an all-time high of 34.021 % in 1981 and a record low of 5.467 % in 2005. NG: GDP: % of GDP: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 15.34 2016 | yearly | 1981 - 2016 |
View Nigeria's Nigeria NG: GDP: % of GDP: Gross Capital Formation from 1981 to 2016 in the chart:
Nigeria NG: GDP: % of GDP: Gross Domestic Savings
NG: GDP: % of GDP: Gross Domestic Savings data was reported at 13.054 % in 2016. This records a decrease from the previous number of 15.490 % for 2015. NG: GDP: % of GDP: Gross Domestic Savings data is updated yearly, averaging 20.225 % from Dec 1981 to 2016, with 36 observations. The data reached an all-time high of 39.318 % in 1989 and a record low of 1.830 % in 1998. NG: GDP: % of GDP: Gross Domestic Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption).; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 13.05 2016 | yearly | 1981 - 2016 |
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Nigeria NG: GDP: % of GDP: Gross Fixed Capital Formation
NG: GDP: % of GDP: Gross Fixed Capital Formation data was reported at 14.698 % in 2016. This records a decrease from the previous number of 14.827 % for 2015. NG: GDP: % of GDP: Gross Fixed Capital Formation data is updated yearly, averaging 12.027 % from Dec 1981 to 2016, with 36 observations. The data reached an all-time high of 35.221 % in 1981 and a record low of 5.459 % in 2005. NG: GDP: % of GDP: Gross Fixed Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 14.70 2016 | yearly | 1981 - 2016 |
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Nigeria NG: GDP: % of GDP: Gross National Expenditure
NG: GDP: % of GDP: Gross National Expenditure data was reported at 102.286 % in 2016. This records an increase from the previous number of 100.000 % for 2015. NG: GDP: % of GDP: Gross National Expenditure data is updated yearly, averaging 91.291 % from Dec 1981 to 2016, with 36 observations. The data reached an all-time high of 106.790 % in 1998 and a record low of 67.920 % in 2000. NG: GDP: % of GDP: Gross National Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment).; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 102.29 2016 | yearly | 1981 - 2016 |
View Nigeria's Nigeria NG: GDP: % of GDP: Gross National Expenditure from 1981 to 2016 in the chart:
Nigeria NG: GDP: % of GDP: Gross Savings
NG: GDP: % of GDP: Gross Savings data was reported at 15.814 % in 2016. This records a decrease from the previous number of 17.156 % for 2015. NG: GDP: % of GDP: Gross Savings data is updated yearly, averaging 17.579 % from Dec 1981 to 2016, with 36 observations. The data reached an all-time high of 38.933 % in 2006 and a record low of -5.604 % in 1998. NG: GDP: % of GDP: Gross Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross savings are calculated as gross national income less total consumption, plus net transfers.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 15.81 2016 | yearly | 1981 - 2016 |
View Nigeria's Nigeria NG: GDP: % of GDP: Gross Savings from 1981 to 2016 in the chart:
Nigeria NG: GDP: % of GDP: Gross Value Added: Agriculture
NG: GDP: % of GDP: Gross Value Added: Agriculture data was reported at 20.845 % in 2017. This records a decrease from the previous number of 20.983 % for 2016. NG: GDP: % of GDP: Gross Value Added: Agriculture data is updated yearly, averaging 32.271 % from Dec 1981 to 2017, with 37 observations. The data reached an all-time high of 47.096 % in 2002 and a record low of 19.990 % in 2014. NG: GDP: % of GDP: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 20.85 2017 | yearly | 1981 - 2017 |
View Nigeria's Nigeria NG: GDP: % of GDP: Gross Value Added: Agriculture from 1981 to 2017 in the chart:
NG: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing
NG: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 23.357 % in 2021. This records a decrease from the previous number of 24.143 % for 2020. NG: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 22.235 % from Dec 1981 to 2021, with 41 observations. The data reached an all-time high of 36.965 % in 2002 and a record low of 12.240 % in 1981. NG: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 23.357 2021 | yearly | 1981 - 2021 |
View Nigeria's NG: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing from 1981 to 2021 in the chart:
Nigeria NG: GDP: % of GDP: Gross Value Added: Industry
NG: GDP: % of GDP: Gross Value Added: Industry data was reported at 22.320 % in 2017. This records an increase from the previous number of 18.173 % for 2016. NG: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 43.485 % from Dec 1981 to 2017, with 37 observations. The data reached an all-time high of 104.637 % in 1981 and a record low of 18.173 % in 2016. NG: GDP: % of GDP: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 22.32 2017 | yearly | 1981 - 2017 |
View Nigeria's Nigeria NG: GDP: % of GDP: Gross Value Added: Industry from 1981 to 2017 in the chart:
Nigeria NG: GDP: % of GDP: Gross Value Added: Industry: Manufacturing
NG: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 8.741 % in 2017. This records an increase from the previous number of 8.680 % for 2016. NG: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 18.809 % from Dec 1981 to 2017, with 37 observations. The data reached an all-time high of 54.207 % in 1982 and a record low of 6.452 % in 2010. NG: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 8.74 2017 | yearly | 1981 - 2017 |
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Nigeria NG: GDP: % of GDP: Gross Value Added: Services
NG: GDP: % of GDP: Gross Value Added: Services data was reported at 55.801 % in 2017. This records a decrease from the previous number of 59.785 % for 2016. NG: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 73.849 % from Dec 1981 to 2017, with 37 observations. The data reached an all-time high of 155.553 % in 1982 and a record low of 48.796 % in 2011. NG: GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 55.80 2017 | yearly | 1981 - 2017 |
View Nigeria's Nigeria NG: GDP: % of GDP: Gross Value Added: Services from 1981 to 2017 in the chart:
Nigeria NG: GDP: % of GDP: Imports of Goods and Services
NG: GDP: % of GDP: Imports of Goods and Services data was reported at 11.504 % in 2016. This records an increase from the previous number of 10.666 % for 2015. NG: GDP: % of GDP: Imports of Goods and Services data is updated yearly, averaging 17.686 % from Dec 1960 to 2016, with 57 observations. The data reached an all-time high of 36.482 % in 1998 and a record low of 7.903 % in 1984. NG: GDP: % of GDP: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 11.50 2016 | yearly | 1960 - 2016 |
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Nigeria NG: GDP: % of GDP: Trade
NG: GDP: % of GDP: Trade data was reported at 20.723 % in 2016. This records a decrease from the previous number of 21.333 % for 2015. NG: GDP: % of GDP: Trade data is updated yearly, averaging 42.309 % from Dec 1960 to 2016, with 57 observations. The data reached an all-time high of 81.813 % in 2001 and a record low of 19.621 % in 1970. NG: GDP: % of GDP: Trade data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 20.72 2016 | yearly | 1960 - 2016 |
View Nigeria's Nigeria NG: GDP: % of GDP: Trade from 1960 to 2016 in the chart:
Nigeria NG: GDP: % of GNI: Gross Savings
NG: GDP: % of GNI: Gross Savings data was reported at 16.162 % in 2016. This records a decrease from the previous number of 17.620 % for 2015. NG: GDP: % of GNI: Gross Savings data is updated yearly, averaging 18.012 % from Dec 1981 to 2016, with 36 observations. The data reached an all-time high of 40.217 % in 2006 and a record low of -6.147 % in 1998. NG: GDP: % of GNI: Gross Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross savings are calculated as gross national income less total consumption, plus net transfers.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 16.16 2016 | yearly | 1981 - 2016 |
View Nigeria's Nigeria NG: GDP: % of GNI: Gross Savings from 1981 to 2016 in the chart:
Nigeria NG: GDP: % of Manufacturing: Medium and High Tech Industry
NG: GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 33.436 % in 2015. This stayed constant from the previous number of 33.436 % for 2014. NG: GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 33.436 % from Dec 1990 to 2015, with 26 observations. The data reached an all-time high of 34.186 % in 1995 and a record low of 14.161 % in 1993. NG: GDP: % of Manufacturing: Medium and High Tech Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. The proportion of medium and high-tech industry value added in total value added of manufacturing; ; United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database; ;
| Last | Frequency | Range |
|---|---|---|
| 33.44 2015 | yearly | 1990 - 2015 |