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 July 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.