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

103.94

+0.09%

USD/CHF

0.8910

+0.02%

AUD/USD

0.7426

-0.15%

GBP/USD

1.3446

-0.03%

EUR/USD

1.2142

-0.02%

USD/CAD

1.2860

-0.04%

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	448 USD Billion	2019
GDP Annual Growth Rate	-3.62 %	3Q/20
GDP Growth Rate	12.1 %	3Q/20
GDP per capita	2387 USD	2019
Inflation Rate YoY	14.23 %	Oct/20
Interest Rate	11.5 %	Nov/20
Unemployment Rate	27.1 %	2Q/20
Balance of Trade	-807170 NGN Million \| -2.121 B USD	Jun/20
Current Account	-3232 USD Million \| -3.232 B USD	2Q/20
Foreign Exchange Reserves	35686 USD Million \| 35.686 B USD	Oct/20

GDP

vvp

448

USD Billion

#34 from 174 countries

GDP per capita

vvp

2387

USD

#121 from 169 countries

GDP Indicators

Indicator	Data	Period
GDP Value	448 USD Billion	2019
GDP Annual Growth Rate	-3.62 %	3Q/20
GDP Growth Rate	12.1 %	3Q/20
GDP per capita	2387 USD	2019
GDP Constant Prices	18109596 NGN Million \| 47.588 B USD	3Q/20
GDP per capita PPP	5136 USD	2019
GDP From Agriculture	5484064 NGN Million \| 14.411 B USD	3Q/20
GDP From Construction	572977 NGN Million \| 1.506 B USD	3Q/20
GDP From Manufacturing	1592209 NGN Million \| 4.184 B USD	3Q/20
GDP From Mining	1555772 NGN Million \| 4.088 B USD	3Q/20
GDP From Public Administration	380905 NGN Million \| 1.001 B USD	3Q/20
GDP From Services	6112207 NGN Million \| 16.062 B USD	3Q/20
GDP From Transport	149282 NGN Million \| 0.392 B USD	3Q/20
GDP From Utilities	94533 NGN Million \| 0.248 B USD	3Q/20

Budget Indicators

Indicator	Data	Period
Government Debt to GDP	29.1 %	2019
Government Budget Value	-1463 NGN Million \| -0.004 USD Billion	1Q/20
Government Spending	1082949 NGN Million \| 2.846 USD Billion	4Q/19
Government Revenues	865 NGN Billion \| 2.273 USD Billion	1Q/20
Fiscal Expenditure	2328 NGN Billion \| 6.118 B USD	1Q/20
Government Budget to GDP	-3.4 %	2019
Military Expenditure	1907 USD Million \| 1.907 B USD	2018

Inflation Indicators

Indicator	Data	Period
Consumer Price Index (CPI)	345 index points	Oct/20
Food Inflation	17.38 %	Oct/20
Gasoline Prices	0.46 USD/Liter	Nov/20
GDP Deflator	214 index points	2Q/20
Inflation Rate YoY	14.23 %	Oct/20
Inflation Rate Mom	1.48 %	Sep/20
Core Consumer Prices	307 Index Points	Oct/20
Core Inflation Rate	11.1 %	Oct/20
CPI Housing Utilities	316 Index Points	Oct/20
CPI Transportation	308 Index Points	Oct/20

Trade Indicators

Indicator	Data	Period
Current Account to GDP	-3.6 %	2019
Balance of Trade	-807170 NGN Million \| -2.121 USD Billion	Jun/20
Capital Flows	4146 USD Million \| 4.146 USD Billion	2Q/20
Current Account	-3232 USD Million \| -3.232 USD Billion	2Q/20
Exports	782851 NGN Million \| 2.057 USD Billion	Jun/20
External Debt	31477 USD Million \| 31.477 USD Billion	2Q/20
Foreign Exchange Reserves	35686 USD Million \| 35.686 USD Billion	Oct/20
Imports	1590022 NGN Million \| 4.178 USD Billion	Jun/20
Terms of Trade	103 Index Points	Mar/20

Money Indicators

Indicator	Data	Period
Gold Reserves	21.46 Tonnes	3Q/20
Interbank Rate	0 %	Dec/17
Interest Rate	11.5 %	Nov/20
Money Supply M0	2498978 NGN Million \| 6.567 USD Billion	Oct/20
Money Supply M1	14166856 NGN Million \| 37.228 USD Billion	Oct/20
Money Supply M2	35690620 NGN Million \| 93.788 USD Billion	Oct/20
Deposit Interest Rate	4.05 %	Aug/20
Foreign Direct Investment	428 USD Million \| 0.428 B USD	1Q/20
Private Sector Credit	29058814 NGN Million \| 76.361 B USD	Oct/20

Labor Indicators

Indicator	Data	Period
Minimum Wages	30000 NGN/Month \| 78.834 USD/Month	2020
Unemployment Rate	27.1 %	2Q/20
Youth Unemployment Rate	36.5 %	3Q/18
Employed Persons	58527 Thousand Person \| 58.527 Million Person	2Q/20
Employment Rate	76.9 %	3Q/18
Living Wage Family	137600 NGN/Month \| 355.869 USD/Month	2018
Living Wage Individual	43200 NGN/Month \| 111.726 USD/Month	2018
Unemployed Persons	21765 Thousand Persons \| 21.765 Million Persons	2Q/20
Wages High Skilled	57200 NGN/Month \| 147.934 USD/Month	2018
Wages Low Skilled	25500 NGN/Month \| 65.949 USD/Month	2018

Taxes

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

Production Indicators

Indicator	Data	Period
Crude Oil Production	1310 BBL/D/1K	Sep/20
Industrial Production	-10 %	1Q/20
Mining Production	-27.2 %	1Q/20

Business Indicators

Indicator	Data	Period
Business Confidence	-1.5 index points	Oct/20
Corruption Index	26 index points	2019
Corruption Rank	146 place	2019
Ease of Doing Business	131 place	2019
Manufacturing PMI	50.2 index points	Nov/20
Manufacturing Production	-1.2 %	1Q/20
Services PMI	47.6 index points	Nov/20
Competitiveness Index	48.33 Index Points	2019
Competitiveness Rank	116	2019
Composite PMI	50.9 Index Points	Nov/20

Consumer Indicators

Indicator	Data	Period
Consumer Confidence	-21.2 index points	3Q/20
Consumer Spending	12193024 NGN Million \| 32.041 USD Billion	4Q/19
Disposable Personal Income	19718834 NGN Million \| 51.817 B USD	4Q/19

Gold Reserves

gold_reserve_icon

21.46

Tonnes

#59 from 114 countries

Foreign Exchange Reserves

gold_reserve_icon

35.686

USD Billion

#44 from 114 countries

Government Budget Value

balance_icon

-0.004

USD Billion

#44 from 113 countries

Inflation Rate

inflation_icon

14.23

%

#15 from 174 countries

Interest Rate

discount_rate_icon

11.5

%

#15 from 159 countries

Bank Lending Rate

credit_rate_icon

N/A%

#N/A from N/A countries

Unemployment Rate

unemployment_icon

27.1

%

#9 from 171 countries

Wages

salary_icon

N/A

N/A

#N/A from N/A countries

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