Nigeria | Economic Indicators

Overview Last Reference
GDP Growth Rate 4.09 % Dec/16
Unemployment Rate 13.9 % Sep/16
Inflation Rate 17.78 % Feb/17
Interest Rate 14 % Mar/17
Balance of Trade 227044 NGN Millions Dec/16
Government Debt to GDP 11.5 % Dec/15
Markets Last Reference
Currency 314 Mar/17
Stock Market 25484 points Mar/17
Government Bond 10y 16.28 % Mar/17
GDP Last Reference
GDP Growth Rate 4.09 % Dec/16
GDP Annual Growth Rate -1.3 % Dec/16
GDP 481 USD Billion Dec/15
GDP Constant Prices 18519382 NGN Million Dec/16
Gross Fixed Capital Formation 2874594 NGN Million Jun/16
GDP per capita 2548 USD Dec/15
GDP per capita PPP 5639 USD Dec/15
GDP From Agriculture 4662010 NGN Million Dec/16
GDP From Construction 623349 NGN Million Dec/16
GDP From Manufacturing 1645402 NGN Million Dec/16
GDP From Mining 2041493 NGN Million Dec/16
GDP From Public Administration 430862 NGN Millions Dec/16
GDP From Services 6035651 NGN Millions Sep/16
GDP From Transport 217313 NGN Millions Dec/16
GDP From Utilities 85433 NGN Million Sep/16
Labour Last Reference
Unemployment Rate 13.9 % Sep/16
Population 182 Million Dec/15
Employed Persons 69471 Thousand Sep/16
Employment Change 187226 Jobs Sep/16
Employment Rate 86.1 % Sep/16
Living Wage Family 132264 NGN/Month Dec/16
Living Wage Individual 43415 NGN/Month Dec/16
Unemployed Persons 11198 Thousand Sep/16
Youth Unemployment Rate 25 % Sep/16
Prices Last Reference
Inflation Rate 17.78 % Feb/17
Consumer Price Index CPI 219 Index Points Feb/17
Core Consumer Prices 212 Index Points Feb/17
Core Inflation Rate 16 % Feb/17
Food Inflation 18.5 % Feb/17
Cpi Transportation 211 Index Points Feb/17
GDP Deflator 160 Index Points Dec/16
Inflation Rate Mom 1.01 % Jan/17
Money Last Reference
Interest Rate 14 % Mar/17
Cash Reserve Ratio 22.5 % Mar/17
Money Supply M0 1978887 NGN Million Feb/17
Money Supply M1 10212647 NGN Million Feb/17
Money Supply M2 22365648 NGN Million Feb/17
Foreign Exchange Reserves 27880 USD Million Jan/17
Deposit Interest Rate 9.1 % Dec/15
Interbank Rate 0 % Mar/17
Lending Rate 16.91 % Jan/17
Trade Last Reference
Balance of Trade 227044 NGN Millions Dec/16
Exports 985817 NGN Millions Dec/16
Imports 758773 NGN Millions Dec/16
Current Account -405 USD Million Jun/16
Current Account to GDP -3.8 % Dec/15
Terms of Trade 81.05 Index Points Sep/16
Capital Flows 5330 USD Million Sep/16
Foreign Direct Investment 674 USD Million Jun/16
Gold Reserves 21.37 Tonnes Dec/16
Crude Oil Production 1604 BBL/D/1K Jan/17
External Debt 11406 USD Million Dec/16
Terrorism Index 9.31 Dec/15
Government Last Reference
Government Debt to GDP 11.5 % Dec/15
Government Budget -1.6 % of GDP Dec/15
Government Revenues 1186 NGN Billion Sep/16
Credit Rating 27.58
Fiscal Expenditure 1345 NGN Billion Sep/16
Government Budget Value -159 NGN Billion Sep/16
Government Spending 834480 NGN Million Jun/16
Military Expenditure 2298 USD Million Dec/15
Business Last Reference
Business Confidence -29 Dec/16
Industrial Production 0.1 % Jun/16
Manufacturing Production -3.3 % Jun/16
Capacity Utilization 50.7 % Jun/16
Changes In Inventories 127424 NGN Million Jun/16
Competitiveness Index 3.39 Points Dec/17
Competitiveness Rank 124 Dec/16
Composite Pmi 52.2 Feb/17
Corruption Index 28 Points Dec/16
Corruption Rank 136 Dec/16
Ease of Doing Business 169 Dec/16
Manufacturing Pmi 44.6 Feb/17
Mni Business Sentiment 58.9 Dec/16
Services Pmi 44.5 Feb/17
Consumer Last Reference
Consumer Confidence -29.8 Dec/16
Consumer Spending 12137991 NGN Million Dec/15
Disposable Personal Income 17054468 NGN Million Jun/16
Private Sector Credit 22362414 NGN Million Feb/17
Gasoline Prices 0.48 USD/Liter Feb/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. 3/28/2017