Nigeria GDP Constant Prices - Forecast

GDP Constant Prices in Nigeria is expected to be 18294763.00 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 16732347.00 in 12 months time. In the long-term, the Nigeria GDP Constant Prices is projected to trend around 20744829.00 NGN Million in 2020, according to our econometric models.


Forecast Data Chart
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Nigeria GDP Last Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 2.9 5 5 -13.1 2 4.5
GDP Annual Growth Rate 1.5 2 2.2 3 3 3.5
GDP 376 411 411 500 500 690
GDP Constant Prices 16580508 17937830 19007225 16589937 17077923 20262652
Gross Fixed Capital Formation 2494431 2150551 2549308 2569264 2569264 2717690
GDP per capita 2412 2461 2461 2550 2550 2690
GDP per capita PPP 5338 5400 5400 5510 5510 5600
GDP From Agriculture 3789720 5241260 4966344 3591932 3903412 5294372
GDP From Construction 747860 546724 663422 670290 770296 707241
GDP From Manufacturing 1539567 1584543 1683931 1643431 1585754 1795155
GDP From Mining 1418073 1764885 1396310 1593533 1460615 1488536
GDP From Public Administration 380007 372733 438358 369251 391407 467312
GDP From Services 6067615 5915926 7091141 6249643 6249643 7559511
GDP From Transport 216352 199758 258899 248781 222842 275999
GDP From Utilities 111806 93050 129100 62858 115160 137627