Nigeria - Economic Indicators

Overview Last Reference
GDP Growth Rate 8.97 % Sep/17
Unemployment Rate 18.8 % Sep/17
Inflation Rate 15.37 % Dec/17
Interest Rate 14 % Dec/17
Balance of Trade 589959 NGN Millions Sep/17
Government Debt to GDP 18.6 % Dec/16

Markets Last Reference
Currency 305 Jan/18
Stock Market 44390 points Jan/18
Government Bond 10y 13.48 % Jan/18
GDP Last Reference
GDP Growth Rate 8.97 % Sep/17
GDP Annual Growth Rate 1.4 % Sep/17
GDP 405 USD Billion Dec/16
GDP Constant Prices 18029404 NGN Million Sep/17
Gross Fixed Capital Formation 2380380 NGN Million Dec/16
GDP per capita 2458 USD Dec/16
GDP per capita PPP 5439 USD Dec/16
GDP From Agriculture 5189366 NGN Million Sep/17
GDP From Construction 541311 NGN Million Sep/17
GDP From Manufacturing 1568855 NGN Million Sep/17
GDP From Mining 1787916 NGN Million Sep/17
GDP From Public Administration 369042 NGN Millions Sep/17
GDP From Services 5857352 NGN Millions Sep/17
GDP From Transport 197780 NGN Millions Sep/17
GDP From Utilities 92129 NGN Million Sep/17
Labour Last Reference
Unemployment Rate 18.8 % Sep/17
Population 186 Million Dec/16
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 15.37 % Dec/17
Consumer Price Index CPI 246 Index Points Dec/17
Core Consumer Prices 234 Index Points Dec/17
Core Inflation Rate 12.1 % Dec/17
Food Inflation 19.42 % Dec/17
CPI Transportation 232 Index Points Dec/17
GDP Deflator 165 Index Points Sep/17
Inflation Rate Mom 0.59 % Dec/17
Money Last Reference
Interest Rate 14 % Dec/17
Cash Reserve Ratio 22.5 % Jan/18
Money Supply M0 1896157 NGN Million Nov/17
Money Supply M1 10115050 NGN Million Nov/17
Money Supply M2 22311118 NGN Million Nov/17
Foreign Exchange Reserves 37920 USD Million Dec/17
Deposit Interest Rate 7.5 % Dec/16
Lending Rate 17.88 % Sep/17
Trade Last Reference
Balance of Trade 589959 NGN Millions Sep/17
Exports 1287245 NGN Millions Sep/17
Imports 697286 NGN Millions Sep/17
Current Account 2293 USD Million Sep/17
Current Account to GDP -1.8 % Dec/16
Terms of Trade 102 Index Points Jun/17
Capital Flows 3107 USD Million Sep/17
Foreign Direct Investment 798 USD Million Sep/17
Gold Reserves 21.37 Tonnes Dec/17
Crude Oil Production 1636 BBL/D/1K Dec/17
External Debt 15352 USD Million Sep/17
Terrorism Index 9.01 Dec/16
Government Last Reference
Government Debt to GDP 18.6 % Dec/16
Government Budget -2.1 % of GDP Dec/16
Government Revenues 884 NGN Billion Sep/17
Credit Rating 27.58
Fiscal Expenditure 1309 NGN Billion Sep/17
Government Budget Value -425 NGN Billion Sep/17
Government Spending 804097 NGN Million Dec/16
Military Expenditure 2091 USD Million Dec/16
Business Last Reference
Business Confidence 17.7 Index Points Dec/17
Industrial Production -1.1 % Mar/17
Manufacturing Production -2.8 % Sep/17
Internet Speed 3854 KBps Mar/17
IP Addresses 209207 IP Mar/17
Capacity Utilization 48.5 % Mar/17
Changes In Inventories 147185 NGN Million Dec/16
Competitiveness Index 3.3 Points Dec/18
Competitiveness Rank 125 Dec/18
Composite Pmi 56.8 Dec/17
Corruption Index 28 Points Dec/16
Corruption Rank 136 Dec/16
Ease of Doing Business 145 Dec/17
Manufacturing Pmi 59.3 Dec/17
Mni Business Sentiment 54.7 Jan/17
Services Pmi 62.1 Dec/17
Consumer Last Reference
Consumer Confidence 1 Index Points Dec/17
Consumer Spending 10657885 NGN Million Dec/16
Disposable Personal Income 19990334 NGN Million Dec/16
Private Sector Credit 21928917 NGN Million Oct/17
Gasoline Prices 0.47 USD/Liter Dec/17
Taxes Last Reference
Corporate Tax Rate 30 % Dec/16
Personal Income Tax Rate 24 % Dec/16
Sales Tax Rate 5 % Dec/16
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.