Capacity Utilization in Nigeria increased to 45.40 percent in the fourth quarter of 2020 from 43.80 percent in the third quarter of 2020. source: Central Bank of Nigeria

Capacity Utilization in Nigeria averaged 54.58 percent from 2009 until 2020, reaching an all time high of 60.50 percent in the first quarter of 2015 and a record low of 40.10 percent in the second quarter of 2020. This page provides - Nigeria Capacity Utilization- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Capacity Utilization - values, historical data and charts - was last updated on October of 2021.

Capacity Utilization in Nigeria is expected to be 52.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Capacity Utilization is projected to trend around 55.00 percent in 2022 and 56.00 percent in 2023, according to our econometric models.

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Nigeria Capacity Utilization


Nigeria Last Unit Reference Previous Highest Lowest
Business Confidence -15.20 points Dec/20 -1.50 41.10 -66.20
Industrial Production 1.60 percent Dec/20 -10.30 25.10 -20.40
Manufacturing Production -1.30 percent Dec/20 -10.30 24.60 -10.30
Manufacturing PMI 46.90 points Aug/21 46.60 61.10 41.10
Services PMI 46.90 points Aug/21 44.80 62.30 25.30
Mining Production 9.20 percent Dec/20 -17.30 48.20 -34.10
Capacity Utilization 45.40 percent Dec/20 43.80 60.50 40.10
Leading Economic Index 45.90 percent Mar/16 45.50 53.00 45.50