GDP Constant Prices in Nigeria increased to 16580508.10 NGN Million in the second quarter of 2018 from 16106734.90 NGN Million in the first quarter of 2018. GDP Constant Prices in Nigeria averaged 3714715.73 NGN Million from 1981 until 2018, reaching an all time high of 18745360.19 NGN Million in the fourth quarter of 2015 and a record low of 56260.04 NGN Million in the third quarter of 1984.

GDP Constant Prices in Nigeria is expected to be 18932832.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Constant Prices in Nigeria to stand at 17111084.00 in 12 months time. In the long-term, the Nigeria GDP Constant Prices is projected to trend around 20183346.00 NGN Million in 2020, according to our econometric models.

Nigeria GDP Constant Prices
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Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 9.50 2.90 10.59 -13.98 percent [+]
GDP Annual Growth Rate 1.81 1.50 19.17 -7.81 percent [+]
GDP 375.77 404.70 568.50 4.20 USD Billion [+]
GDP Constant Prices 16580508.10 16106734.90 18745360.19 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2494431.00 2129258.00 2876293.00 17236.65 NGN Million [+]
GDP per capita 2412.41 2455.90 2563.10 1089.10 USD [+]
GDP per capita PPP 5338.45 5434.70 5671.90 2750.10 USD [+]
GDP From Agriculture 5288339.21 3789720.12 5288339.21 2594759.86 NGN Million [+]
GDP From Construction 544228.74 747860.30 747860.30 369190.91 NGN Million [+]
GDP From Manufacturing 1599043.51 1539566.75 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1696606.69 1418073.13 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 365540.65 380006.76 614330.87 358496.20 NGN Millions [+]
GDP From Services 6067614.53 6938494.45 7087965.28 4564086.31 NGN Millions [+]
GDP From Transport 221416.44 216351.50 253325.52 144848.60 NGN Millions [+]
GDP From Utilities 111806.01 61027.25 126320.85 51342.43 NGN Million [+]


Nigeria GDP Constant Prices

This page provides - Nigeria GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria GDP Constant Prices - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
16580508.10 16106734.90 18745360.19 56260.04 1981 - 2018 NGN Million Quarterly
Constant Prices, NSA




Country Last Previous
Turkey 457722367.40 Sep/18
Mexico 18610326.00 Sep/18
South Africa 3152768.40 Sep/18
Indonesia 2684193.60 Sep/18
Canada 2059104.00 Sep/18
China 900309.00 Dec/18
Argentina 695664.00 Sep/18
Saudi Arabia 653714.00 Sep/18
France 571355.00 Sep/18
Japan 532648.20 Sep/18
United Kingdom 510013.00 Sep/18
Australia 460827.00 Sep/18
Italy 403919.00 Sep/18
South Korea 400197.80 Sep/18
Spain 302695.00 Sep/18
Brazil 299801.42 Sep/18
Netherlands 186282.90 Sep/18
Switzerland 175106.43 Sep/18
Singapore 109376.30 Sep/18
India 33976.20 Sep/18
Russia 23114.50 Sep/18
United States 18664.97 Sep/18
Euro Area 2646.23 Sep/18
Germany 744.61 Sep/18


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