Nigeria | Economic Indicators

Markets Last Previous Average Unit Reference Frequency
Currency 162.25 165.05 120.77 2014-04-18 Daily [+]
Government Bond 10y 13.48 14.12 11.55 Percent 2014-04-17 Daily [+]
Stock Market 1768.39 1733.91 1252.03 Index points 2014-04-17 Daily [+]
GDP Last Previous Average Unit Reference Frequency
GDP per capita 1052.34 1015.56 686.17 USD 2012-12-31 Yearly [+]
GDP per capita PPP 2293.54 2213.39 1568.67 USD 2012-12-31 Yearly [+]
GDP 262.61 243.98 54.15 USD Billion 2012-12-31 Yearly [+]
GDP Constant Prices 284028.72 259839.44 113453.57 NGN Million 2013-11-15 Quarterly [+]
GDP Growth Rate 7.72 6.81 6.80 Percent 2013-12-31 Quarterly [+]
GDP Annual Growth Rate 7.72 6.81 6.80 Percent 2013-12-31 Quarterly [+]
Gross Fixed Capital Formation 20700.06 24236.34 27347.67 NGN Million 2013-02-15 Quarterly [+]
Labour Last Previous Average Unit Reference Frequency
Population 166.21 164.39 93.39 Million 2012-12-31 Yearly [+]
Unemployment Rate 23.90 21.10 14.60 Percent 2011-12-31 Yearly [+]
Prices Last Previous Average Unit Reference Frequency
Consumer Price Index (cpi) 155.20 154.00 98.37 Index Points 2014-03-15 Monthly [+]
Inflation Rate 7.80 7.70 10.33 Percent 2014-03-31 Monthly [+]
Money Last Previous Average Unit Reference Frequency
Foreign Exchange Reserves 7069489900.00 7172709606.00 5889897522.13 Thousand NGN 2013-11-30 Monthly [+]
Interest Rate 12.00 12.00 9.43 Percent 2014-03-25 Monthly [+]
Trade Last Previous Average Unit Reference Frequency
Current Account to GDP 7.10 10.80 1.67 Percent 2013-12-31 Yearly [+]
Balance of Trade 406710.00 960603.00 457934.08 Millions Nigerian Naira 2013-06-15 Monthly [+]
Current Account 9035.27 9163.07 3049.63 USD Million 2013-09-30 Quarterly [+]
Crude Oil Production 2370.00 2420.00 2004.21 Thousands Barrels per Day 2013-10-15 Monthly [+]
Exports 944492.90 1476880.00 799452.66 Millions Nigerian Naira 2013-06-15 Monthly [+]
Imports 537782.90 516280.00 341547.11 Millions Nigerian Naira 2013-06-15 Monthly [+]
Government Last Previous Average Unit Reference Frequency
Government Debt To GDP 11.00 19.00 35.96 Percent 2013-12-31 Yearly [+]
Government Budget -2.80 -2.20 -2.87 Percent of GDP 2012-12-31 Yearly [+]
Credit Rating 28.64 Monthly [+]
Business Last Previous Average Unit Reference Frequency
Business Confidence 19.00 15.10 14.52 2013-09-30 Quarterly [+]
Industrial Production 1.20 1.10 2.87 Percent 2013-12-31 Quarterly [+]
Consumer Last Previous Average Unit Reference Frequency
Consumer Confidence -6.00 -8.40 -6.70 2013-09-30 Quarterly [+]
Consumer Spending 6809282.80 5096406.09 5005990.76 NGN Million 2013-02-15 Quarterly [+]
Disposable Personal Income 230018.40 184707.07 191351.35 Million NGN 2012-08-15 Quarterly [+]
Taxes Last Previous Average Unit Reference Frequency
Corporate Tax Rate 30.00 30.00 30.00 percent 2014-01-01 Yearly [+]
Sales Tax Rate 5.00 5.00 4.89 Percent 2014-01-01 Yearly [+]
Personal Income Tax Rate 24.00 24.00 24.00 percent 2014-01-01 Yearly [+]





RELATED NEWS

Nigerian Inflation Rate Edges Up Slightly in March  
The annual consumer prices in Nigeria accelerated to 7.8 percent in March of 2014, from 7.7 percent recorded in February, as food cost edged up. Compared with the same period a year earlier, the inflation rate slowed down from 8.6 in March of 2013.
Nigeria Central Bank Leaves Rate on Hold and Hikes Reserve Ratio  
The Monetary Policy Committee decided on March 25th to hold the interest rate at 12 percent, as the Central Bank agreed to continue the existing tight monetary policies. It also decided to increase the cash reserves requirement for private sector deposits by 300 bps to 15 percent.
Nigeria Inflation Falls to 6-Year Low  
In February of 2014, Nigeria annual inflation rate decelerated to 7.7 percent, down from 8 percent in January, as all consumer prices slowed. The central bank targets consumer inflation between 6 and 9 percent.
Nigeria Inflation Rate Unchanged at 8% in January  
In January of 2014, Nigeria annual inflation rate remained steady at 8 percent. All major prices were relatively unchanged for the second consecutive month at the single digit rate.
Nigeria’s GDP May Rise after Rebasing Exercise  
Nigeria National Bureau of Statistics will replace the present GDP price structure (base year) for the first time in 23 years with a more recent one to reflect structural changes in the economy.
Nigeria GDP Expands 7.67% in Q4 2013  
According to Nigeria National Bureau of Statistics estimates, the country’s GDP advanced 7.67 percent year-on-year in the last quarter of 2013, higher than the revised figure of 6.81 and 6.99 percent recorded in the third quarter and the corresponding period of 2012, respectively. For 2013, growth rate was estimated at 6.87 percent, up from 6.58 percent in 2012.
Bank of Nigeria Holds Key Rate at 12%  
In its January 20th and 21st, 2014 meeting, the Monetary Policy Committee of the Central Bank of Nigeria decided to leave the benchmark interest rate unchanged at 12 percent for the fourteenth straight meeting.
Nigeria Inflation Rate Rises in December  
In December of 2013, Nigeria annual inflation rate rose slightly to 8 percent, from 7.9 percent in November. Nigeria's central bank sets 2014 consumer inflation between 6 and 9 percent.
Nigeria Inflation Rate Accelerates in November  
In November of 2013, Nigeria inflation rate edged up for the first time in four months to 7.9 percent, mainly due to higher food prices. The October reading at 7.8 percent was the lowest in more than five years.
Central Bank of Nigeria Leaves Rate Unchanged in November  
In its 19th of November meeting, the Monetary Policy Committee of the Central Bank of Nigeria decided to leave the benchmark interest rate unchanged at 12 percent. The Committee cited attaining price and exchange rates stability, and warned of possible tightening in 2014.
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LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
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This page includes a list of indicators for Nigeria. Nigeria | Economic Indicators - provides data from several countries including actual values, consensus figures, forecasts, historical time series and news. 4/19/2014