Nigeria | Economic Indicators

Overview Last Reference
GDP Growth Rate 8.97 % Sep/17
Unemployment Rate 14.2 % Dec/16
Inflation Rate 15.9 % Nov/17
Interest Rate 14 % Nov/17
Balance of Trade 589959 NGN Millions Sep/17
Government Debt to GDP 18.6 % Dec/16
Markets Last Reference
Currency 314 Dec/17
Stock Market 37958 points Dec/17
Government Bond 10y 13.65 % Dec/17
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 6076677 NGN Millions Jun/17
GDP From Transport 197780 NGN Millions Sep/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 131700 NGN/Month Dec/17
Living Wage Individual 40100 NGN/Month Dec/17
Unemployed Persons 11549 Thousand Dec/16
Wages High Skilled 57200 NGN/Month Dec/17
Wages Low Skilled 25500 NGN/Month Dec/17
Youth Unemployment Rate 25.2 % Dec/16
Prices Last Reference
Inflation Rate 15.9 % Nov/17
Consumer Price Index CPI 245 Index Points Nov/17
Core Consumer Prices 233 Index Points Nov/17
Core Inflation Rate 12.21 % Nov/17
Food Inflation 20.3 % Nov/17
CPI Transportation 230 Index Points Nov/17
GDP Deflator 165 Index Points Jun/17
Inflation Rate Mom 0.78 % Nov/17
Money Last Reference
Interest Rate 14 % Nov/17
Cash Reserve Ratio 22.5 % Dec/17
Money Supply M0 1791195 NGN Million Oct/17
Money Supply M1 10393062 NGN Million Oct/17
Money Supply M2 22500618 NGN Million Oct/17
Foreign Exchange Reserves 34529 USD Million Nov/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 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 1751 BBL/D/1K Nov/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 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 804097 NGN Million Dec/16
Military Expenditure 2091 USD Million Dec/16
Business Last Reference
Business Confidence -2.6 Sep/17
Industrial Production -1.1 % Mar/17
Manufacturing Production 1.4 % Mar/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 55.2 Nov/17
Corruption Index 28 Points Dec/16
Corruption Rank 136 Dec/16
Ease of Doing Business 145 Dec/17
Manufacturing Pmi 55.9 Nov/17
Mni Business Sentiment 54.7 Jan/17
Services Pmi 57.6 Nov/17
Consumer Last Reference
Consumer Confidence -10.5 Sep/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 Nov/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.