Nigeria GDP Growth Rate  2010-2017 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Nigeria contracted 12.92 percent in the first quarter of 2017 over the previous quarter. GDP Growth Rate in Nigeria averaged 1.12 percent from 2010 until 2017, reaching an all time high of 10.59 percent in the third quarter of 2010 and a record low of -13.98 percent in the first quarter of 2016.

Nigeria GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-21 09:00 AM Q3 8.99% 0.82% 1.8%
2017-02-28 08:05 AM Q4 4.09% 8.99% 1.1%
2017-05-23 09:00 AM Q1 -12.9% 3.75% -12.94%
2017-08-23 09:00 AM Q2 -12.9% 2.01%
2017-11-22 09:00 AM Q3 8.59%




Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate -12.92 3.75 10.59 -13.98 percent [+]
GDP Annual Growth Rate -0.52 -1.73 19.17 -7.81 percent [+]
GDP 486.80 546.70 546.70 4.20 USD Billion [+]
GDP Constant Prices 15983391.37 18439940.98 18745360.19 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2874594.00 2530415.00 3015594.20 17236.65 NGN Million [+]
GDP per capita 2534.80 2535.10 2535.10 1080.70 USD [+]
GDP per capita PPP 5638.89 5639.45 5639.45 2739.59 USD [+]
GDP From Agriculture 3385600.83 4662010.12 5035069.06 2594759.86 NGN Million [+]
GDP From Construction 660920.64 623349.23 740204.22 369190.91 NGN Million [+]
GDP From Manufacturing 1543187.49 1645401.73 1718985.30 875408.17 NGN Million [+]
GDP From Mining 2141964.14 1917553.43 3083257.13 887489.93 NGN Million [+]
GDP From Public Administration 364765.95 430861.50 614330.87 364765.95 NGN Millions [+]
GDP From Services 6977150.10 6035650.62 7087965.27 4564086.31 NGN Millions [+]
GDP From Transport 211047.14 217313.23 229523.14 144848.60 NGN Millions [+]
GDP From Utilities 111801.06 85432.68 114401.69 51342.43 NGN Million [+]


Nigeria GDP Growth Rate Notes

In Nigeria, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. . This page provides - Nigeria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-12.92 3.75 10.59 -13.98 2010 - 2017 percent Quarterly



gdp growth rate by Country

Last
Turkey 3.80 Dec/16
India 1.60 Dec/16
China 1.30 Mar/17
United States 1.20 Mar/17
Australia 1.10 Dec/16
South Korea 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Canada 0.60 Dec/16
Germany 0.60 Mar/17
Euro Area 0.50 Mar/17
Japan 0.50 Mar/17
Netherlands 0.40 Mar/17
France 0.30 Mar/17
Italy 0.20 Mar/17
United Kingdom 0.20 Mar/17
Switzerland 0.10 Dec/16
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15
Brazil -0.90 Dec/16