Nigeria | Economic Indicators

Overview Last Reference
GDP Growth Rate 8.99 % Sep/16
Unemployment Rate 13.9 % Sep/16
Inflation Rate 18.55 % Dec/16
Interest Rate 14 % Dec/16
Balance of Trade -27238 NGN Millions Sep/16
Government Debt to GDP 11.5 % Dec/15
Markets Last Reference
Currency 314 Jan/17
Stock Market 26245 points Jan/17
Government Bond 10y 16.06 % Jan/17
GDP Last Reference
GDP Growth Rate 8.99 % Sep/16
GDP Annual Growth Rate -2.24 % Sep/16
GDP 481 USD Billion Dec/15
GDP Constant Prices 17794906 NGN Million Sep/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 5035069 NGN Million Sep/16
GDP From Construction 543808 NGN Million Sep/16
GDP From Manufacturing 1614895 NGN Million Sep/16
GDP From Mining 1624018 NGN Million Sep/16
GDP From Public Administration 371731 NGN Millions Sep/16
GDP From Services 6085747 NGN Millions Jun/16
GDP From Transport 210973 NGN Millions Sep/16
GDP From Utilities 82806 NGN Million Jun/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
Unemployed Persons 11198 Thousand Sep/16
Youth Unemployment Rate 25 % Sep/16
Prices Last Reference
Inflation Rate 18.55 % Dec/16
Consumer Price Index CPI 214 Index Points Dec/16
Core Consumer Prices 209 Index Points Dec/16
Core Inflation Rate 16.77 % Dec/16
Food Inflation 17.4 % Dec/16
Cpi Transportation 206 Index Points Dec/16
GDP Deflator 151 Index Points Sep/16
Inflation Rate Mom 0.78 % Nov/16
Money Last Reference
Interest Rate 14 % Dec/16
Cash Reserve Ratio 22.5 % Jan/17
Money Supply M0 1825665 NGN Million Oct/16
Money Supply M1 10023617 NGN Million Oct/16
Money Supply M2 22275513 NGN Million Oct/16
Foreign Exchange Reserves 25720 USD Million Dec/16
Deposit Interest Rate 9.1 % Dec/15
Interbank Rate 0 % Jan/17
Lending Rate 17.1 % Oct/16
Trade Last Reference
Balance of Trade -27238 NGN Millions Sep/16
Exports 747760 NGN Millions Sep/16
Imports 774998 NGN Millions Sep/16
Current Account -405 USD Million Jun/16
Current Account to GDP -3.8 % Dec/15
Terms of Trade 77.72 Index Points Jun/16
Capital Flows 7092 USD Million Jun/16
Foreign Direct Investment 674 USD Million Jun/16
Gold Reserves 21.37 Tonnes Sep/16
Crude Oil Production 1940 BBL/D/1K Dec/16
External Debt 11262 USD Million Jun/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 678 NGN Billion Jun/16
Credit Rating 27.58
Fiscal Expenditure 1334 NGN Billion Jun/16
Government Budget Value -656 NGN Billion Jun/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 48.1 Dec/16
Corruption Index 26 Points Dec/15
Corruption Rank 136 Dec/15
Ease of Doing Business 169 Dec/16
Manufacturing Pmi 52 Dec/16
Mni Business Sentiment 58.9 Dec/16
Services Pmi 47.1 Dec/16
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 23069635 NGN Million Oct/16
Gasoline Prices 0.46 USD/Liter Nov/16
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. 1/19/2017