Industrial Production in Nigeria decreased 2.60 percent in the third quarter of 2021 over the same quarter in the previous year. source: Central Bank of Nigeria

Industrial Production in Nigeria averaged 0.56 percent from 2007 until 2021, reaching an all time high of 27.60 percent in the first quarter of 2011 and a record low of -16.80 percent in the fourth quarter of 2016. This page provides - Nigeria Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Industrial Production - values, historical data and charts - was last updated on August of 2022.

Industrial Production in Nigeria is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Industrial Production is projected to trend around 2.00 percent in 2023 and 2.50 percent in 2024, according to our econometric models.

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Nigeria Industrial Production

Related Last Previous Unit Reference
Business Confidence -15.20 -1.50 points Dec 2020
Industrial Production -2.60 -2.20 percent Sep 2021
Manufacturing Production 4.30 3.50 percent Sep 2021
Manufacturing PMI 50.10 51.40 points Feb 2022
Services PMI 49.00 49.01 points Feb 2022
Mining Production -10.60 -12.30 percent Sep 2021
Capacity Utilization 55.80 54.70 percent Sep 2021
Leading Economic Index 45.90 45.50 percent Mar 2016

Nigeria Industrial Production
In Nigeria, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
Actual Previous Highest Lowest Dates Unit Frequency
-2.60 -2.20 27.60 -16.80 2007 - 2021 percent Quarterly