Nigeria GDP Growth Rate  2010-2018 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Nigeria expanded 2.90 percent in the second quarter of 2018 over the previous quarter. GDP Growth Rate in Nigeria averaged 1.08 percent from 2010 until 2018, 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 Actual Previous Consensus TEForecast
2018-02-27 07:55 AM GDP Growth Rate QoQ 4.29% 8.97% 5.5%
2018-05-21 07:30 AM GDP Growth Rate QoQ -13.4% 4.7% 4.7%
2018-08-27 07:40 AM GDP Growth Rate QoQ 2.9% -13.4% 4.8%
2018-11-27 08:00 AM GDP Growth Rate QoQ 2.9% 5.0%


Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.90 -13.40 10.59 -13.98 percent [+]
GDP Annual Growth Rate 1.50 1.95 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 3789720.12 3487312.92 5189365.99 2594759.86 NGN Million [+]
GDP From Construction 747860.30 650767.19 747860.30 369190.91 NGN Million [+]
GDP From Manufacturing 1539566.75 1595563.65 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1418073.13 1547119.11 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 380006.76 358496.20 614330.87 358496.20 NGN Millions [+]
GDP From Services 6067614.53 6938494.45 7087965.28 4564086.31 NGN Millions [+]
GDP From Transport 216351.50 241534.71 253325.52 144848.60 NGN Millions [+]
GDP From Utilities 111806.01 61027.25 126320.85 51342.43 NGN Million [+]


Nigeria GDP Growth Rate

Nigeria is one of the most developed countries in Africa. Services is the largest sector of the economy, accounting for about 50 percent of total GDP. One of the fastest growing segments in Services are Information and Communication, which together account for about 10 percent of the total output. Agriculture, which in the past was the biggest sector, now weights around 23 percent. Crude Petroleum and Natural Gas constitute only 11 percent of total GDP, while being the main exports. Industry and Construction account for the remaining 16 percent of GDP. 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 -13.40 10.59 -13.98 2010 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 0.90 Jun/18
Turkey 0.90 Jun/18
Russia 0.85 Mar/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
Singapore 0.60 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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