Capacity Utilization in Nigeria increased to 45.40 percent in the fourth quarter of 2020 from 43.80 percent in the third quarter of 2020. source: Central Bank of Nigeria

Capacity Utilization in Nigeria averaged 54.58 percent from 2009 until 2020, reaching an all time high of 60.50 percent in the first quarter of 2015 and a record low of 40.10 percent in the second quarter of 2020. This page provides - Nigeria Capacity Utilization- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Capacity Utilization - values, historical data and charts - was last updated on August of 2021.

Capacity Utilization in Nigeria is expected to be 50.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Capacity Utilization in Nigeria to stand at 53.60 in 12 months time. In the long-term, the Nigeria Capacity Utilization is projected to trend around 55.00 percent in 2022 and 56.00 percent in 2023, according to our econometric models.

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Nigeria Capacity Utilization

Actual Previous Highest Lowest Dates Unit Frequency
45.40 43.80 60.50 40.10 2009 - 2020 percent Quarterly

Nigeria Business Last Previous Highest Lowest Unit
Business Confidence -15.20 -1.50 41.10 -66.20 points [+]
Industrial Production 1.60 -10.30 25.10 -20.40 percent [+]
Manufacturing Production -1.30 -10.30 24.60 -10.30 percent [+]
Internet Speed 3853.93 4129.28 4129.28 348.64 KBps [+]
IP Addresses 209207.00 194830.00 244394.00 29604.00 IP [+]
Services PMI 47.30 47.90 62.30 25.30 points [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing PMI 49.00 48.80 61.10 41.10 points [+]
Mining Production 9.20 -17.30 48.20 -34.10 percent [+]
Crude Oil Rigs 5.00 6.00 23.00 3.00 [+]
Ease of Doing Business 131.00 146.00 170.00 120.00 [+]
Changes In Inventories 133483.38 72265.70 178909.34 32488.05 NGN Million [+]
Competitiveness Index 48.33 47.53 48.33 3.37 Points [+]
Competitiveness Rank 116.00 115.00 127.00 94.00 [+]
Composite PMI 55.40 53.60 59.10 37.10 points [+]
Capacity Utilization 45.40 43.80 60.50 40.10 percent [+]
Corruption Index 25.00 26.00 28.00 6.90 Points [+]
Corruption Rank 149.00 146.00 152.00 52.00 [+]