Nigeria Consumer Spending - Forecast

Consumer Spending in Nigeria is expected to be 10034245.39 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in Nigeria to stand at 12000000.00 in 12 months time. In the long-term, the Nigeria Consumer Spending is projected to trend around 12900000.00 NGN Million in 2020, according to our econometric models.

Nigeria Consumer Spending
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Nigeria Consumer Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Confidence 1 3.11 1.81 -1.83 -5 3.23
Consumer Spending 10657885 10034245 10124181 10359623 12000000 12900000
Disposable Personal Income 19990334 18520608 18248201 17983199 19497106 21904999
Private Sector Credit 22289252 22443397 22446053 22411921 24769687 31091401
Gasoline Prices 0.47 0.42 0.46 0.44 0.62 0.7