Nigeria | Economic Indicators


Overview Last Reference
GDP Growth Rate 3.23 % Jun/17
Unemployment Rate 14.2 % Dec/16
Inflation Rate 15.98 % Sep/17
Interest Rate 14 % Sep/17
Balance of Trade 150317 NGN Millions Jun/17
Government Debt to GDP 18.6 % Dec/16
Markets Last Reference
Currency 352 Oct/17
Stock Market 36646 points Oct/17
Government Bond 10y 14.91 % Oct/17
GDP Last Reference
GDP Growth Rate 3.23 % Jun/17
GDP Annual Growth Rate 0.55 % Jun/17
GDP 405 USD Billion Dec/16
GDP Constant Prices 16450433 NGN Million Jun/17
Gross Fixed Capital Formation 2129447 NGN Million Sep/16
GDP per capita 2458 USD Dec/16
GDP per capita PPP 5439 USD Dec/16
GDP From Agriculture 3745092 NGN Million Jun/17
GDP From Construction 694619 NGN Million Jun/17
GDP From Manufacturing 1529173 NGN Million Jun/17
GDP From Mining 2376109 NGN Million Jun/17
GDP From Public Administration 400889 NGN Millions Jun/17
GDP From Services 6076677 NGN Millions Jun/17
GDP From Transport 177694 NGN Millions Jun/17
GDP From Utilities 102660 NGN Million Jun/17
Labour Last Reference
Unemployment Rate 14.2 % Dec/16
Population 186 Million Dec/16
Employed Persons 69603 Thousand Dec/16
Employment Change 187226 Jobs Sep/16
Employment Rate 85.8 % Dec/16
Living Wage Family 132264 NGN/Month Dec/16
Living Wage Individual 43415 NGN/Month Dec/16
Unemployed Persons 11549 Thousand Dec/16
Youth Unemployment Rate 25.2 % Dec/16
Prices Last Reference
Inflation Rate 15.98 % Sep/17
Consumer Price Index CPI 241 Index Points Sep/17
Core Consumer Prices 229 Index Points Sep/17
Core Inflation Rate 12.12 % Sep/17
Food Inflation 20.32 % Sep/17
CPI Transportation 226 Index Points Sep/17
GDP Deflator 165 Index Points Jun/17
Inflation Rate Mom 0.78 % Sep/17
Money Last Reference
Interest Rate 14 % Sep/17
Cash Reserve Ratio 22.5 % Oct/17
Money Supply M0 1868735 NGN Million Aug/17
Money Supply M1 9890813 NGN Million Aug/17
Money Supply M2 21851454 NGN Million Aug/17
Foreign Exchange Reserves 32491 USD Million Sep/17
Deposit Interest Rate 7.5 % Dec/16
Interbank Rate 0 % Oct/17
Lending Rate 17.69 % Aug/17
Trade Last Reference
Balance of Trade 150317 NGN Millions Jun/17
Exports 994273 NGN Millions Jun/17
Imports 843956 NGN Millions Jun/17
Current Account 1414 USD Million Jun/17
Current Account to GDP -1.8 % Dec/16
Terms of Trade 102 Index Points Jun/17
Capital Flows 4342 USD Million Jun/17
Foreign Direct Investment 891 USD Million Jun/17
Gold Reserves 21.37 Tonnes Jun/17
Crude Oil Production 1742 BBL/D/1K Aug/17
External Debt 15050 USD Million Jun/17
Terrorism Index 9.31 Dec/15
Government Last Reference
Government Debt to GDP 18.6 % Dec/16
Government Budget -2.1 % of GDP Dec/16
Government Revenues 963 NGN Billion Jun/17
Credit Rating 27.58
Fiscal Expenditure 1610 NGN Billion Jun/17
Government Budget Value -647 NGN Billion Jun/17
Government Spending 720290 NGN Million Sep/16
Military Expenditure 2091 USD Million Dec/16
Business Last Reference
Business Confidence -1.5 Jun/17
Industrial Production -1.1 % Mar/17
Manufacturing Production 1.4 % Mar/17
Capacity Utilization 48.5 % Mar/17
Changes In Inventories 125617 NGN Million Sep/16
Competitiveness Index 3.3 Points Dec/18
Competitiveness Rank 125 Dec/18
Composite Pmi 54.9 Sep/17
Corruption Index 28 Points Dec/16
Corruption Rank 136 Dec/16
Ease of Doing Business 169 Dec/16
Manufacturing Pmi 55.3 Sep/17
Mni Business Sentiment 54.7 Jan/17
Services Pmi 54.9 Sep/17
Consumer Last Reference
Consumer Confidence -17 Jun/17
Consumer Spending 11517020 NGN Million Sep/16
Disposable Personal Income 19149057 NGN Million Sep/16
Private Sector Credit 21997221 NGN Million Aug/17
Gasoline Prices 0.41 USD/Liter Sep/17
Taxes Last Reference
Corporate Tax Rate 30 % Dec/16
Personal Income Tax Rate 24 % Dec/16
Sales Tax Rate 5 % Dec/16




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.