Latest: United Kingdom 16:15 BoE MPC Member Cunliffe Speaks Forecast: 0

Latest: Japan 01:30 BoJ Board Member Kataoka Speaks Forecast: 0

Latest: Thailand 03:51 GDP Annual Forecast: 0 % Actual: 2.4%

Latest: Japan 01:30 BoJ Board Member Masai Speaks Forecast: 0

Latest: Indonesia 04:00 GDP Annual Forecast: 5.03 % Actual: 5.02%

USD/JPY

108.92

-0.26%

USD/CHF

0.9692

-0.84%

AUD/USD

0.6196

+1.91%

GBP/USD

1.2367

+1.17%

EUR/USD

1.0918

+1.15%

USD/CAD

1.3994

-0.81%

Economy of Nigeria. Statistics, Data and Indicators

Nigeria

28B	Credit rank #97
N/A	Quality of life #
146	Corruption rank#131
131	Ease of doing business#130

Nigeria

Business Indicators
Budget Indicators
Money Indicators

Taxes
GDP Indicators
Labor Indicators

Inflation Indicators
Trade Indicators
Consumer Indicators

Production Indicators

Nigeria Major Economic Indicators

Indicator	Data	Period
GDP Value	410 USD Billion	2019
GDP Annual Growth Rate	2.55 %	4Q/19
GDP Growth Rate	5.59 %	4Q/19
GDP per capita	2396 USD	2018
Inflation Rate YoY	12.2 %	Feb/20
Interest Rate	13.5 %	Mar/20
Unemployment Rate	23.1 %	3Q/18
Balance of Trade	362685 NGN Million \| 0.988 B USD	Dec/19
Current Account	-6953 USD Million \| -6.953 B USD	4Q/19
Foreign Exchange Reserves	35520 USD Million \| 35.52 B USD	Mar/20

GDP

vvp

410

USD Billion

#34 from 174 countries

GDP per capita

vvp

2396

USD

#121 from 169 countries

GDP Indicators

Indicator	Data	Period
GDP Value	410 USD Billion	2019
GDP Annual Growth Rate	2.55 %	4Q/19
GDP Growth Rate	5.59 %	4Q/19
GDP per capita	2396 USD	2018
GDP Constant Prices	19750936 NGN Million \| 53.817 B USD	4Q/19
GDP per capita PPP	5316 USD	2018
GDP From Agriculture	5093983 NGN Million \| 13.88 B USD	4Q/19
GDP From Construction	671111 NGN Million \| 1.829 B USD	4Q/19
GDP From Manufacturing	1707263 NGN Million \| 4.652 B USD	4Q/19
GDP From Mining	1429668 NGN Million \| 3.896 B USD	4Q/19
GDP From Public Administration	427802 NGN Million \| 1.166 B USD	4Q/19
GDP From Services	7472196 NGN Million \| 20.36 B USD	4Q/19
GDP From Transport	275119 NGN Million \| 0.75 B USD	4Q/19
GDP From Utilities	120432 NGN Million \| 0.328 B USD	4Q/19

Budget Indicators

Indicator	Data	Period
Government Debt to GDP	17.5 %	2018
Government Budget Value	-1136 NGN Million \| -0.003 USD Billion	4Q/19
Government Spending	929917 NGN Million \| 2.534 USD Billion	1Q/19
Government Revenues	939 NGN Billion \| 2.559 USD Billion	4Q/19
Fiscal Expenditure	2074 NGN Billion \| 5.651 B USD	4Q/19
Government Budget to GDP	-2.8 %	2018
Military Expenditure	1907 USD Million \| 1.907 B USD	2018

Inflation Indicators

Indicator	Data	Period
Consumer Price Index (CPI)	313 index points	Feb/20
Food Inflation	14.9 %	Feb/20
Gasoline Prices	0.41 USD/Liter	Mar/20
GDP Deflator	203 index points	4Q/19
Inflation Rate YoY	12.2 %	Feb/20
Inflation Rate Mom	0.79 %	Feb/20
Core Consumer Prices	285 Index Points	Feb/20
Core Inflation Rate	9.4 %	Feb/20
CPI Housing Utilities	298 Index Points	Feb/20
CPI Transportation	283 Index Points	Feb/20

Trade Indicators

Indicator	Data	Period
Current Account to GDP	2.3 %	2018
Balance of Trade	362685 NGN Million \| 0.988 USD Billion	Dec/19
Capital Flows	13236 USD Million \| 13.236 USD Billion	4Q/19
Current Account	-6953 USD Million \| -6.953 USD Billion	4Q/19
Exports	1759033 NGN Million \| 4.793 USD Billion	Dec/19
External Debt	27676 USD Million \| 27.676 USD Billion	4Q/19
Foreign Exchange Reserves	35520 USD Million \| 35.52 USD Billion	Mar/20
Imports	1396348 NGN Million \| 3.805 USD Billion	Dec/19
Terms of Trade	101 Index Points	Sep/19

Money Indicators

Indicator	Data	Period
Gold Reserves	21.46 Tonnes	4Q/19
Interbank Rate	0 %	Dec/17
Interest Rate	13.5 %	Mar/20
Money Supply M0	2186983 NGN Million \| 5.959 USD Billion	Feb/20
Money Supply M1	10427024 NGN Million \| 28.412 USD Billion	Feb/20
Money Supply M2	29730798 NGN Million \| 81.01 USD Billion	Feb/20
Deposit Interest Rate	6.17 %	Feb/20
Foreign Direct Investment	910 USD Million \| 0.91 B USD	2Q/19
Private Sector Credit	26695428 NGN Million \| 72.74 B USD	Feb/20

Labor Indicators

Indicator	Data	Period
Minimum Wages	30000 NGN/Month \| 81.744 USD/Month	2020
Unemployment Rate	23.1 %	3Q/18
Youth Unemployment Rate	36.5 %	3Q/18
Employed Persons	69543 Thousand Person \| 69.543 Million Person	3Q/18
Employment Rate	76.9 %	3Q/18
Living Wage Family	137600 NGN/Month \| 374.932 USD/Month	2018
Living Wage Individual	43200 NGN/Month \| 117.711 USD/Month	2018
Unemployed Persons	20928 Thousand Persons \| 20.928 Million Persons	3Q/18
Wages High Skilled	57200 NGN/Month \| 155.858 USD/Month	2018
Wages Low Skilled	25500 NGN/Month \| 69.482 USD/Month	2018

Taxes

Indicator	Data	Period
Corporate Tax Rate	30 %	2020
Personal Income Tax Rate	24 %	2018
Sales Tax Rate	7.5 %	2020

Production Indicators

Indicator	Data	Period
Crude Oil Production	1742 BBL/D/1K	Feb/20
Industrial Production	-2.9 %	3Q/19
Mining Production	5.7 %	3Q/19

Business Indicators

Indicator	Data	Period
Business Confidence	6.6 index points	Mar/20
Corruption Index	26 index points	2019
Corruption Rank	146 place	2019
Ease of Doing Business	131 place	2019
Manufacturing PMI	51.1 index points	Mar/20
Manufacturing Production	2 %	3Q/19
Services PMI	49.2 index points	Mar/20
Competitiveness Index	48.33 Index Points	2019
Competitiveness Rank	116	2019
Composite PMI	53.8 Index Points	Mar/20

Consumer Indicators

Indicator	Data	Period
Consumer Confidence	-0.3 index points	1Q/20
Consumer Spending	10042168 NGN Million \| 27.363 USD Billion	1Q/19
Disposable Personal Income	17580756 NGN Million \| 47.904 B USD	1Q/19

Gold Reserves

gold_reserve_icon

21.46

Tonnes

#59 from 114 countries

Foreign Exchange Reserves

gold_reserve_icon

35.52

USD Billion

#44 from 114 countries

Government Budget Value

balance_icon

-0.003

USD Billion

#44 from 113 countries

Inflation Rate

inflation_icon

12.2

%

#15 from 174 countries

Interest Rate

discount_rate_icon

13.5

%

#15 from 159 countries

Bank Lending Rate

credit_rate_icon

N/A%

#N/A from N/A countries

Unemployment Rate

unemployment_icon

23.1

%

#9 from 171 countries

Wages

salary_icon

N/A

N/A

#N/A from N/A countries

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