Nigeria GDP Annual Growth Rate - Forecast

GDP Annual Growth Rate in Nigeria is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Nigeria to stand at 3.40 in 12 months time. In the long-term, the Nigeria GDP Annual Growth Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.


Nigeria GDP Annual Growth Rate
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Nigeria GDP Last Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 8.97 4.2 4.8 5 5 4.5
GDP Annual Growth Rate 1.4 2 2.9 3.4 3.4 3.5
GDP 405 427 397 367 411 690
GDP Constant Prices 18029404 17548421 17473682 17350229 19500000 2300000
Gross Fixed Capital Formation 2380380 2045006 2050081 2004222 2870000 3020000
GDP per capita 2458 2516 2482 2448 2561 2790
GDP per capita PPP 5439 5570 5494 5418 5690 5800
GDP From Agriculture 5189366 3349863 3755937 5156354 5360000 591000
GDP From Construction 541311 620200 659579 584892 609510 607684
GDP From Manufacturing 1568855 1559028 1553162 1548324 1610000 1820000
GDP From Mining 1787916 1745709 1596329 1667033 1320000 1360000
GDP From Public Administration 369042 392209 418209 399713 422310 437081
GDP From Services 5857352 6148590 6171927 5836128 7400000 7670000
GDP From Transport 197780 212346 181102 193893 224000 225000
GDP From Utilities 92129 69909 98986 88385 86000 114000