Nigeria - Economic Indicators

Overview Last Reference
GDP Growth Rate 2.9 % Jun/18
Unemployment Rate 18.8 % Sep/17
Inflation Rate 11.23 % Aug/18
Interest Rate 14 % Aug/18
Balance of Trade 887641 NGN Millions Jun/18
Government Debt to GDP 21.3 % Dec/17

Markets Last Reference
Currency 305 Sep/18
Stock Market 32381 points Sep/18
Government Bond 10y 15.18 % Sep/18
GDP Last Reference
GDP Growth Rate 2.9 % Jun/18
GDP Annual Growth Rate 1.5 % Jun/18
GDP 376 USD Billion Dec/17
GDP Constant Prices 16580508 NGN Million Jun/18
Gross Fixed Capital Formation 2494431 NGN Million Dec/17
GDP per capita 2412 USD Dec/17
GDP per capita PPP 5338 USD Dec/17
GDP From Agriculture 3789720 NGN Million Jun/18
GDP From Construction 747860 NGN Million Jun/18
GDP From Manufacturing 1539567 NGN Million Jun/18
GDP From Mining 1418073 NGN Million Jun/18
GDP From Public Administration 380007 NGN Millions Jun/18
GDP From Services 6067615 NGN Millions Mar/18
GDP From Transport 216352 NGN Millions Jun/18
GDP From Utilities 111806 NGN Million Jun/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 11.23 % Aug/18
Consumer Price Index CPI 266 Index Points Aug/18
Core Consumer Prices 250 Index Points Aug/18
Core Inflation Rate 11.2 % Aug/18
Food Inflation 13.16 % Aug/18
Cpi Housing Utilities 268 Index Points Aug/18
CPI Transportation 248 Index Points Aug/18
GDP Deflator 185 Index Points Jun/18
Inflation Rate Mom 1.1 % Jul/18
Money Last Reference
Interest Rate 14 % Aug/18
Cash Reserve Ratio 22.5 % Sep/18
Money Supply M0 1824826 NGN Million Jul/18
Money Supply M1 10668002 NGN Million Jul/18
Money Supply M2 24971102 NGN Million Jul/18
Foreign Exchange Reserves 45909 USD Million Aug/18
Deposit Interest Rate 9.6 % Dec/17
Lending Rate 16.83 % Jul/18
Trade Last Reference
Balance of Trade 887641 NGN Millions Jun/18
Exports 1482223 NGN Millions Jun/18
Imports 594582 NGN Millions Jun/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 1713 BBL/D/1K Aug/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 795880 NGN Million Dec/17
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 3.4 % Mar/18
Internet Speed 3854 KBps Mar/17
IP Addresses 209207 IP Mar/17
Capacity Utilization 54.5 % Dec/17
Changes In Inventories 159351 NGN Million Dec/17
Competitiveness Index 3.3 Points Dec/18
Competitiveness Rank 125 Dec/18
Composite Pmi 56.1 Aug/18
Corruption Index 27 Points Dec/17
Corruption Rank 148 Dec/17
Ease of Doing Business 145 Dec/17
Manufacturing Pmi 57.1 Aug/18
Mni Business Sentiment 54.7 Jan/17
Services Pmi 58 Aug/18
Consumer Last Reference
Consumer Confidence -6.3 Index Points Jun/18
Consumer Spending 11018143 NGN Million Dec/17
Disposable Personal Income 19838427 NGN Million Dec/17
Private Sector Credit 22261210 NGN Million Jul/18
Gasoline Prices 0.48 USD/Liter Aug/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.