Nigeria - Economic Indicators

Overview Last Reference
GDP Growth Rate -13.4 % Mar/18
Unemployment Rate 18.8 % Sep/17
Inflation Rate 11.61 % May/18
Interest Rate 14 % Jun/18
Balance of Trade 837066 NGN Millions Mar/18
Government Debt to GDP 21.3 % Dec/17

Markets Last Reference
Currency 305 Jul/18
Stock Market 36470 points Jul/18
Government Bond 10y 13.93 % Jul/18
GDP Last Reference
GDP Growth Rate -13.4 % Mar/18
GDP Annual Growth Rate 1.94 % Mar/18
GDP 376 USD Billion Dec/17
GDP Constant Prices 16244997 NGN Million Mar/18
Gross Fixed Capital Formation 2380380 NGN Million Dec/16
GDP per capita 2412 USD Dec/17
GDP per capita PPP 5338 USD Dec/17
GDP From Agriculture 3487313 NGN Million Mar/18
GDP From Construction 650767 NGN Million Mar/18
GDP From Manufacturing 1595564 NGN Million Mar/18
GDP From Mining 1547119 NGN Million Mar/18
GDP From Public Administration 358496 NGN Millions Mar/18
GDP From Services 6067615 NGN Millions Mar/18
GDP From Transport 241535 NGN Millions Mar/18
GDP From Utilities 61027 NGN Million Mar/18
Labour Last Reference
Unemployment Rate 18.8 % Sep/17
Population 191 Million Dec/17
Employed Persons 69090 Thousand Sep/17
Employment Change 187226 Jobs Sep/16
Employment Rate 81.2 % Sep/17
Living Wage Family 131700 NGN/Month Dec/17
Living Wage Individual 40100 NGN/Month Dec/17
Unemployed Persons 15998 Thousand Sep/17
Wages High Skilled 57200 NGN/Month Dec/17
Wages Low Skilled 25500 NGN/Month Dec/17
Youth Unemployment Rate 33.1 % Sep/17
Prices Last Reference
Inflation Rate 11.61 % May/18
Consumer Price Index CPI 257 Index Points May/18
Core Consumer Prices 244 Index Points May/18
Core Inflation Rate 10.7 % May/18
Food Inflation 13.45 % May/18
Cpi Housing Utilities 263 Index Points May/18
CPI Transportation 243 Index Points May/18
GDP Deflator 166 Index Points Mar/18
Inflation Rate Mom 1.1 % May/18
Money Last Reference
Interest Rate 14 % Jun/18
Cash Reserve Ratio 22.5 % Jul/18
Money Supply M0 1930696 NGN Million May/18
Money Supply M1 11226313 NGN Million May/18
Money Supply M2 25169014 NGN Million May/18
Foreign Exchange Reserves 47630 USD Million Jun/18
Deposit Interest Rate 9.6 % Dec/17
Lending Rate 17.08 % May/18
Trade Last Reference
Balance of Trade 837066 NGN Millions Mar/18
Exports 1441774 NGN Millions Mar/18
Imports 604708 NGN Millions Mar/18
Current Account 4469 USD Million Mar/18
Current Account to GDP 2 % Dec/17
Terms of Trade 110 Index Points Sep/17
Capital Flows -10293 USD Million Mar/18
Foreign Direct Investment 809 USD Million Mar/18
Gold Reserves 21.4 Tonnes Jun/18
Crude Oil Production 1511 BBL/D/1K Jun/18
External Debt 22072 USD Million Mar/18
Terrorism Index 9.01 Dec/16
Government Last Reference
Government Debt to GDP 21.3 % Dec/17
Government Budget -5.1 % of GDP Dec/17
Government Revenues 1097 NGN Billion Dec/17
Credit Rating 27.58
Fiscal Expenditure 3105 NGN Billion Dec/17
Government Budget Value -2008 NGN Billion Dec/17
Government Spending 804097 NGN Million Dec/16
Military Expenditure 1651 USD Million Dec/17
Business Last Reference
Business Confidence 17.7 Index Points Dec/17
Industrial Production -3.3 % Dec/17
Manufacturing Production 0.7 % Dec/17
Internet Speed 3854 KBps Mar/17
IP Addresses 209207 IP Mar/17
Capacity Utilization 54.5 % Dec/17
Changes In Inventories 147185 NGN Million Dec/16
Competitiveness Index 3.3 Points Dec/18
Competitiveness Rank 125 Dec/18
Composite Pmi 58.4 Jun/18
Corruption Index 27 Points Dec/17
Corruption Rank 148 Dec/17
Ease of Doing Business 145 Dec/17
Manufacturing Pmi 57 Jun/18
Mni Business Sentiment 54.7 Jan/17
Services Pmi 57.5 Jun/18
Consumer Last Reference
Consumer Confidence -6.3 Index Points Jun/18
Consumer Spending 10657885 NGN Million Dec/16
Disposable Personal Income 19990334 NGN Million Dec/16
Private Sector Credit 22206744 NGN Million May/18
Gasoline Prices 0.47 USD/Liter Jun/18
Taxes Last Reference
Corporate Tax Rate 30 % Dec/18
Personal Income Tax Rate 24 % Dec/18
Sales Tax Rate 5 % Dec/18
Climate Last Reference
Temperature 25.14 celsius Aug/13


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Economic Indicators for Nigeria including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for Nigeria economy.