Nigeria GDP Growth Rate - Forecast

GDP Growth Rate in Nigeria is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Nigeria to stand at 1.50 in 12 months time. In the long-term, the Nigeria GDP Growth Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.


Nigeria GDP Growth Rate
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Nigeria GDP Last Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate -13.4 5 5 -13.1 1.5 4.5
GDP Annual Growth Rate 1.94 3.4 3.4 3 3 3.5
GDP 376 411 411 500 500 690
GDP Constant Prices 16244997 18294763 19459527 16732347 16971747 20744829
Gross Fixed Capital Formation 2380380 2420846 2461313 2451791 2451791 2623882
GDP per capita 2412 2461 2461 2550 2550 2690
GDP per capita PPP 5338 5400 5400 5510 5510 5600
GDP From Agriculture 3487313 5277585 5024658 3591932 3857444 5356536
GDP From Construction 650767 550514 671211 670290 715457 715545
GDP From Manufacturing 1595564 1595525 1703703 1643431 1575048 1816233
GDP From Mining 1547119 1777117 1412705 1593533 1520687 1506014
GDP From Public Administration 358496 375316 443505 369251 412916 472799
GDP From Services 6938494 5956927 7174403 7146649 6258977 7648273
GDP From Transport 241535 201142 261939 248781 183025 279240
GDP From Utilities 61027 93695 130616 62858 105740 139243