GDP Annual Growth Rate in Nigeria is expected to be 1.80 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 3.20 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.


Forecast Data Chart
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Nigeria GDP Last Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 2.9 5 -13.1 2 3 4.5
GDP Annual Growth Rate 1.5 1.8 2 3 3.2 3.5
GDP 376 411 500 500 500 690
GDP Constant Prices 16580508 18932832 16428870 17077923 17111084 20183346
Gross Fixed Capital Formation 2494431 2539331 2544320 2569264 2574253 2707054
GDP per capita 2412 2461 2550 2550 2550 2690
GDP per capita PPP 5338 5400 5510 5510 5510 5600
GDP From Agriculture 3789720 4946907 3557059 3903412 3910991 5273650
GDP From Construction 747860 660825 663783 770296 771792 704473
GDP From Manufacturing 1539567 1677340 1627475 1585754 1588833 1788129
GDP From Mining 1418073 1390845 1578061 1460615 1463451 1482710
GDP From Public Administration 380007 436643 365666 391407 392167 465483
GDP From Services 6067615 7063387 6188967 6249643 6261778 7529924
GDP From Transport 216352 257885 246365 222842 223275 274919
GDP From Utilities 111806 128595 62248 115160 115384 137088