Consumer Confidence in Nigeria increased to 1.50 Index Points in the third quarter of 2018 from -6.30 Index Points in the second quarter of 2018. Consumer Confidence in Nigeria averaged -9.25 Index Points from 2008 until 2018, reaching an all time high of 6.38 Index Points in the first quarter of 2011 and a record low of -29.80 Index Points in the fourth quarter of 2016.

Consumer Confidence in Nigeria is expected to be -5.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Nigeria to stand at -6.00 in 12 months time. In the long-term, the Nigeria Consumer Confidence is projected to trend around 3.23 Index Points in 2020, according to our econometric models.

Nigeria Consumer Confidence
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Nigeria Consumer Last Previous Highest Lowest Unit
Consumer Confidence 1.50 -6.30 6.38 -29.80 Index Points [+]
Consumer Spending 11018143.01 10114112.76 12470076.46 7205430.82 NGN Million [+]
Disposable Personal Income 19838426.72 19664055.91 19990333.51 117513.58 NGN Million [+]
Private Sector Credit 22723726.11 22560470.56 23069635.07 440872.30 NGN Million [+]
Gasoline Prices 0.46 0.47 0.73 0.02 USD/Liter [+]


Nigeria Consumer Confidence

In Nigeria, the Consumer Expectations Survey is based on a sample of 1800 households. It provides consumers’ tendencies and expectations for general economic conditions, job opportunities, personal financial standing and market developments. The overall consumer confidence index is computed as an average of three measures: the outlook on macroeconomic conditions, family financial situation and family income. The CES is computed as the percentage share of respondents that answered positively less the percentage share of respondents that answered negatively with regard to the given indicator. This page provides - Nigeria Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Consumer Confidence - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 -6.30 6.38 -29.80 2008 - 2018 Index Points Quarterly




Country Last Previous
Argentina 32.10 Nov/18
Australia 104.40 Dec/18
Brazil 113.60 Nov/18
Canada 52.43 Dec/18
China 119.10 Oct/18
Euro Area -3.90 Nov/18
France 92.00 Nov/18
Germany 10.40 Dec/18
India 94.00 Dec/18
Indonesia 122.70 Nov/18
Italy 114.80 Nov/18
Japan 42.90 Nov/18
Mexico 99.55 Nov/18
Netherlands 13.00 Nov/18
Russia -14.00 Sep/18
Saudi Arabia 107.00 Jun/18
South Africa 7.00 Sep/18
South Korea 96.00 Nov/18
Spain 91.40 Nov/18
Switzerland -6.00 Dec/18
Turkey 59.60 Nov/18
United Kingdom -13.00 Nov/18
United States 97.50 Dec/18


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