Nigeria | Economic Indicators

Markets Last Previous Average Unit Reference Frequency
Currency 161.62 165.05 120.86 2014-04-24 Daily [+]
Government Bond 10y 13.28 14.12 11.56 Percent 2014-04-23 Daily [+]
Stock Market 1771.75 1733.91 1253.88 Index points 2014-04-23 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 98.38 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 622427.50 619324.70 460261.78 Millions Nigerian Naira 2013-09-15 Monthly [+]
Current Account 9035.27 9163.07 3049.63 USD Million 2013-09-30 Quarterly [+]
Crude Oil Production 2350.00 2270.00 2006.19 Thousands Barrels per Day 2013-12-15 Monthly [+]
Exports 1156137.00 1287600.30 809217.97 Millions Nigerian Naira 2013-09-15 Monthly [+]
Imports 533709.40 668275.60 348984.12 Millions Nigerian Naira 2013-09-15 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.
MORE RELATED NEWS

LATEST NEWS

Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News


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. 4/25/2014