Nigeria GDP Growth Rate  2013-2016 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Nigeria expanded 3.10 percent in the fourth quarter of 2015 over the previous quarter. GDP Growth Rate in Nigeria averaged 1.47 percent from 2013 until 2015, reaching an all time high of 9.19 percent in the third quarter of 2015 and a record low of -11.57 percent in the first quarter of 2015. GDP Growth Rate in Nigeria is reported by the Central Bank of Nigeria.

Nigeria GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.10 9.19 9.19 -11.57 2013 - 2015 percent Quarterly
Nigeria is one of the most developed countries in Africa. Services is the largest sector of the economy, accounting for about 50 percent of total GDP. One of the fastest growing segments in Services are Information and Communication, which together account for about 10 percent of the total output. Agriculture, which in the past was the biggest sector, now weights around 23 percent. Crude Petroleum and Natural Gas constitute only 11 percent of total GDP, while being the main exports. Industry and Construction account for the remaining 16 percent of GDP. This page provides - Nigeria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2013-02-27 09:00 AM Q4 2012 6.99%
2015-11-17 03:40 PM Q3 9.19% 2.57%
2016-03-08 06:05 PM Q4 3.1% 9.19% 3.5%
2016-05-21 10:00 AM Q1 3.1% -4.90%
2016-08-25 10:00 AM Q2 2.30%
2016-11-25 10:00 AM Q3 8.80%

Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.10 9.19 9.19 -11.57 percent [+]
GDP Annual Growth Rate 2.11 2.84 8.60 2.11 percent [+]
GDP 568.51 514.97 568.51 4.20 USD Billion [+]
GDP Constant Prices 18745360.19 17976234.59 18745360.19 56260.04 NGN Million [+]
Gross Fixed Capital Formation 3015594.20 2780352.23 3015594.20 17236.65 NGN Million [+]
GDP per capita 1091.64 1055.84 1091.64 468.10 USD [+]
GDP per capita PPP 5606.56 5422.69 5606.56 2739.59 USD [+]
GDP From Agriculture 4481257.62 4816519.15 4816519.15 2594759.86 NGN Million [+]
GDP From Construction 663347.24 579297.92 740204.22 369190.91 NGN Million [+]
GDP From Manufacturing 1688339.78 1688873.56 1829246.64 875408.17 NGN Million [+]
GDP From Mining 1313243.35 1539681.39 3083257.13 1313243.35 NGN Million [+]
GDP From Public Administration 449499.92 385492.87 614330.87 385492.87 NGN Millions [+]
GDP From Services 7087965.27 6101561.96 7087965.27 4564086.31 NGN Millions [+]
GDP From Transport 229523.13 209454.24 229523.13 144848.60 NGN Millions [+]
GDP From Utilities 114401.69 87336.78 114401.69 51342.43 NGN Million [+]




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Mozambique -2.10 Dec/15
Bolivia -9.72 Jun/15