Nigeria's economy expanded by 4.43% year-on-year in Q2 2026, the fastest pace since Q2 2021, accelerating from a 3.89% advance in the previous period. The all-important oil sector powered the pickup, surging 7.31% from 2.57% in Q1, as higher oil prices and supply constraints stemming from the US-Iran conflict supported activity. The average daily crude oil production reached 1.72 million barrels per day in Q2, higher than 1.68 million bpd in the same period last year and 1.55 million bpd in Q1 2026. The non-oil sector also strengthened, expanding 4.31% from 3.94% in the first quarter. Services provided the biggest boost, expanding 4.60%, with telecommunications (10.38%), real estate (3.8%), trade (2.4%) and financial institutions (8.4%) contributing the most. Agriculture grew 4.39%, driven by stronger crop production (3.66%), while industry advanced 3.96%, supported by cement manufacturing (12.75%) and construction (6.75%). source: National Bureau of Statistics, Nigeria

The Gross Domestic Product (GDP) in Nigeria expanded 4.43 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Nigeria averaged 2.84 percent from 2011 until 2026, reaching an all time high of 6.88 percent in the first quarter of 2011 and a record low of -6.10 percent in the second quarter of 2020. This page provides - Nigeria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

The Gross Domestic Product (GDP) in Nigeria expanded 4.43 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Nigeria is expected to be 4.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria GDP Annual Growth Rate is projected to trend around 3.90 percent in 2027 and 4.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-25 01:45 PM
GDP Growth Rate YoY
Q1 3.89% 4.07% 3.9%
2026-08-31 12:30 PM
GDP Growth Rate YoY
Q2 4.43% 3.89% 4.3%
2026-11-27 12:00 PM
GDP Growth Rate YoY
Q3 4.43% 4.1%


Related Last Previous Unit Reference
Full Year GDP Growth 7.40 8.30 percent Dec 2025
GDP Growth Rate YoY 4.43 3.89 percent Jun 2026
GDP Constant Prices 53472832.84 51261306.14 NGN Million Jun 2026
GDP from Agriculture 13985779.48 11872703.68 NGN Million Jun 2026
GDP from Construction 1970454.18 2485698.56 NGN Million Jun 2026
GDP from Manufacturing 4127981.96 4905643.96 NGN Million Jun 2026
GDP from Mining 2301502.70 2121388.36 NGN Million Jun 2026
GDP from Public Administration 1424810.07 1077319.93 NGN Million Jun 2026
GDP from Services 30274279.89 29594541.09 NGN Million Jun 2026
GDP from Transport 352105.53 524840.64 NGN Million Jun 2026
GDP from Utilities 812834.62 281330.49 NGN Million Jun 2026
GDP Growth Non Oil Sector 4.31 3.94 percent Jun 2026
GDP Growth Oil Sector 7.31 2.57 percent Jun 2026
GDP Growth Rate 2.97 -19.64 percent Jun 2026
Gross Fixed Capital Formation 2914571.33 2617119.11 NGN Million Dec 2024


Nigeria GDP Annual Growth Rate
Nigeria is the biggest economy 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.
Actual Previous Highest Lowest Dates Unit Frequency
4.43 3.89 6.88 -6.10 2011 - 2026 percent Quarterly
Constant 2019 Prices

News Stream
Nigeria GDP Growth Hits 5-Year High
Nigeria's economy expanded by 4.43% year-on-year in Q2 2026, the fastest pace since Q2 2021, accelerating from a 3.89% advance in the previous period. The all-important oil sector powered the pickup, surging 7.31% from 2.57% in Q1, as higher oil prices and supply constraints stemming from the US-Iran conflict supported activity. The average daily crude oil production reached 1.72 million barrels per day in Q2, higher than 1.68 million bpd in the same period last year and 1.55 million bpd in Q1 2026. The non-oil sector also strengthened, expanding 4.31% from 3.94% in the first quarter. Services provided the biggest boost, expanding 4.60%, with telecommunications (10.38%), real estate (3.8%), trade (2.4%) and financial institutions (8.4%) contributing the most. Agriculture grew 4.39%, driven by stronger crop production (3.66%), while industry advanced 3.96%, supported by cement manufacturing (12.75%) and construction (6.75%).
2026-08-31
Nigeria GDP Growth Moderates to 3.9% in Q1
Nigeria's economy expanded by 3.89% year-on-year in Q1 2026, moderating from a 4.07% advance in the previous three-month period. Growth slowed sharply in the all-important oil sector (2.57% vs 6.79% in Q4). The average daily crude oil production reached 1.55 million barrels per day in Q4, lower than 1.62 million bpd in the same period last year and 1.58 million bpd in Q4 2025, attributed to several factors including aged facilities and oil theft. The non-oil sector rose 3.94%, slightly easing from 3.99% in Q4 but maintaining a robust pace, supported by services (4.31%), industry (3.50%) and agriculture (3.15%). Within services, the strongest gains were recorded in information & communication (10.98%), financial & insurance (8.54%), transportation & storage (7.41%), real estate (2.29%) and trade (2.08%). Manufacturing (3.29%) also contributed positively, with oil refining surging 37.46% and cement production jumping 11.53%.
2026-05-25
Nigeria GDP Grows Slightly Faster in Q4
The economy of Nigeria grew by 4.07% year-on-year in Q4 2025, up slightly from a 3.98% expansion in the prior period. The all-important oil sector advanced by 6.79%, accelerating from 5.84% in Q3, amid higher oil production compared to the previous year. The average daily crude oil production reached 1.58 million barrels per day in Q4, up from 1.54 million bpd in the same period last year, but down from 1.64 million bpd in Q3. Meanwhile, the non-oil sector rose by 3.99%, up from 3.91% in Q3, mainly boosted by agriculture (4%), information and communication (7.55%); real estate (3.43%); finance and Insurance (8.30); trade (2%); construction (5.08%); and manufacturing (1.13%). Considering the whole year of 2025, Nigeria's economic growth reached 3.9%, above the 3.4% achieved the previous year.
2026-02-27