Nigeria GDP Deflator Growth
Key information about Nigeria GDP Deflator Growth
- Nigeria GDP deflator (implicit price deflator) increased 11.3 % in Dec 2022, compared with an increase of 13.3 % in the previous quarter.
- Nigeria GDP Deflator Growth data is updated quarterly, available from Mar 2011 to Dec 2022, with an average rate of 9.4 %.
- The data reached an all-time high of 18.1 % in Mar 2017 and a record low of 0.3 % in Mar 2015.
CEIC calculates GDP Deflator Growth from quarterly Nominal and Real GDP. The National Bureau of Statistics provides Nominal GDP in local currency, at basic prices and Real GDP in local currency, at basic 2010 prices.
Related information about Nigeria GDP Deflator Growth
- In the latest reports, Nigeria GDP expanded 3.5 % YoY in Dec 2022.
- Its Nominal GDP reached 128.6 USD bn in Dec 2022.
- Nigeria GDP Per Capita reached 2,057.0 USD in Dec 2021.
- Its Gross Savings Rate was measured at 32.7 % in Dec 2021.
View Nigeria's GDP Deflator Growth from Mar 2011 to Dec 2022 in the chart:
What was Nigeria's GDP Deflator Growth in Dec 2022?
Nigeria GDP deflator (implicit price deflator) increased 11.3 % in Dec 2022, compared with an increase of 13.3 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
11.3 Dec 2022 | 13.3 Sep 2022 | 0.3 Mar 2015 | 18.1 Mar 2017 | % | quarterly | Mar 2011 - Dec 2022 |
GDP Deflator Growth by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 14.4 Mar 2023 | quarterly | Mar 2010 - Mar 2023 |
Algeria (%) | -4.5 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Argentina (%) | 78.8 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
Armenia (%) | 9.1 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Australia (%) | 9.1 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
Austria (%) | 6.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Azerbaijan (%) | 21.7 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
Bahrain (%) | -1.6 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
Bangladesh (%) | 5.6 2021 | yearly | 2007 - 2021 |
Belarus (%) | 9.6 Dec 2022 | quarterly | Mar 2006 - Dec 2022 |
Belgium (%) | 5.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Bolivia (%) | 4.2 Sep 2022 | quarterly | Mar 1991 - Sep 2022 |
Bosnia and Herzegovina (%) | 12.7 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
Botswana (%) | 10.7 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Brazil (%) | 6.2 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
Brunei (%) | 22.0 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
Bulgaria (%) | 14.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cambodia (%) | 1.3 2021 | yearly | 1994 - 2021 |
Canada (%) | 4.2 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
Chile (%) | 10.1 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
China (%) | 0.0 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
Colombia (%) | 14.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Croatia (%) | 12.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cyprus (%) | 6.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Czech Republic (%) | 11.4 Dec 2022 | quarterly | Mar 1997 - Dec 2022 |
Denmark (%) | 5.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
Ecuador (%) | 1.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
Egypt (%) | 16.8 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
Estonia (%) | 13.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
European Union (%) | 6.1 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Finland (%) | 4.4 Dec 2022 | quarterly | Mar 1976 - Dec 2022 |
France (%) | 5.5 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
Georgia (%) | 9.4 Sep 2022 | quarterly | Mar 1998 - Sep 2022 |
Germany (%) | 6.1 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
Ghana (%) | 36.6 Sep 2023 | quarterly | Mar 2007 - Sep 2023 |
Greece (%) | 5.1 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Hong Kong SAR, China (%) | 2.3 Dec 2022 | quarterly | Mar 1974 - Dec 2022 |
Hungary (%) | 17.6 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Iceland (%) | 6.1 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
India (%) | 6.6 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
Indonesia (%) | 8.3 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Iran (%) | 51.5 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
Ireland (%) | 5.5 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Israel (%) | 5.9 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Italy (%) | 5.6 Dec 2022 | quarterly | Mar 1997 - Dec 2022 |
Ivory Coast (%) | 2.4 2022 | yearly | 1966 - 2022 |
Japan (%) | 1.2 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
Jordan (%) | 2.2 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Kazakhstan (%) | 14.4 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
Kenya (%) | 4.0 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
South Korea (%) | 1.4 Mar 2023 | quarterly | Mar 1961 - Mar 2023 |
Kosovo (%) | 9.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Kuwait (%) | -10.1 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
Kyrgyzstan (%) | 19.4 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Laos (%) | 3.6 2021 | yearly | 2003 - 2021 |
Latvia (%) | 15.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Lebanon (%) | 61.1 2020 | yearly | 2005 - 2020 |
Lithuania (%) | 15.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Luxembourg (%) | 7.0 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Macau SAR, China (%) | 2.5 Mar 2023 | quarterly | Mar 1999 - Mar 2023 |
North Macedonia (%) | 16.3 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malawi (%) | 6.3 2021 | yearly | 2003 - 2021 |
Malaysia (%) | 2.8 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
Malta (%) | 5.8 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
Mauritius (%) | 10.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
Mexico (%) | 6.5 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
Moldova (%) | 22.6 Sep 2022 | quarterly | Mar 2011 - Sep 2022 |
Mongolia (%) | 20.1 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Montenegro (%) | 10.5 Sep 2022 | quarterly | Mar 2011 - Sep 2022 |
Morocco (%) | 5.3 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Mozambique (%) | 6.4 2022 | yearly | 1992 - 2022 |
Myanmar (%) | 2.9 2021 | yearly | 2011 - 2021 |
Nepal (%) | 9.1 2023 | yearly | 2002 - 2023 |
Netherlands (%) | 7.2 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
New Zealand (%) | 5.4 Sep 2022 | quarterly | Jun 1988 - Sep 2022 |
Nigeria (%) | 11.3 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Norway (%) | 10.2 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
Oman (%) | 12.7 2021 | yearly | 1999 - 2021 |
Pakistan (%) | 25.0 2023 | yearly | 2001 - 2023 |
Palestinian Territory (%) | 0.1 Sep 2022 | quarterly | Mar 2012 - Sep 2022 |
Panama (%) | 2.0 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Paraguay (%) | 5.0 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Peru (%) | 4.2 Dec 2022 | quarterly | Mar 1991 - Dec 2022 |
Philippines (%) | 6.3 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Poland (%) | 12.4 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Portugal (%) | 5.0 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Qatar (%) | 25.3 Sep 2022 | quarterly | Mar 2012 - Sep 2022 |
Romania (%) | 14.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Russia (%) | 11.7 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Saudi Arabia (%) | 7.6 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Serbia (%) | 12.2 Dec 2022 | quarterly | Mar 1997 - Dec 2022 |
Singapore (%) | 4.3 Dec 2022 | quarterly | Mar 1976 - Dec 2022 |
Slovakia (%) | 11.0 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Slovenia (%) | 9.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
South Africa (%) | 5.6 Mar 2023 | quarterly | Mar 1961 - Mar 2023 |
Spain (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Sri Lanka (%) | 7.2 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Sudan (%) | 146.2 2021 | yearly | 1983 - 2021 |
Sweden (%) | 7.9 Mar 2023 | quarterly | Mar 1982 - Mar 2023 |
Switzerland (%) | 3.3 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -4.8 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Consolidated Fiscal Balance (USD mn) | -3,071.175 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
National Government Debt (USD mn) | 101,710.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Government Debt: % of GDP (%) | 39.8 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
Forecast: Government Expenditure (NGN bn) | 99,387.936 2029 | yearly | 1990 - 2029 |
Forecast: Government Net Debt (NGN bn) | 205,772.040 2028 | yearly | 1990 - 2028 |
Forecast: Government Revenue (NGN bn) | 74,924.965 2029 | yearly | 1990 - 2029 |
Federal Govt Balance (NGN bn) | -2,347.160 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Federal Govt Expenditure: Capital (NGN bn) | 1,043.310 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Federal Govt Expenditure: Recurrent (NGN bn) | 2,791.110 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Gross Federation Account Revenue (NGN bn) | 4,791.390 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Gross Federation Account Revenue: Oil (NGN bn) | 814.230 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Federal Govt Expenditure (NGN bn) | 4,040.180 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Federal Govt Revenue (NGN bn) | 1,693.020 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Government Debt: Domestic (NGN bn) | 53,258.012 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
Trade Balance (USD mn) | 1,889.4 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Total Exports (USD mn) | 4,751.7 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Total Exports Growth (%) | 82.1 Dec 2023 | monthly | Jan 2004 - Dec 2023 |
Aluminum: Exports (USD th) | 165,856.846 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 2,876.353 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 480.530 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 2,989.3 Mar 2023 | monthly | Jan 2003 - Mar 2023 |
Total Imports Growth (%) | 34.5 Sep 2023 | monthly | Jan 2004 - Sep 2023 |
Imports: Medicament (USD th) | 755,360.705 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 508,406.689 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 332.105 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Total Imports from USA (USD mn) | 176.789 Dec 2023 | monthly | Dec 2009 - Dec 2023 |
Total Exports to China (USD mn) | 24.772 Sep 2023 | monthly | Jan 2007 - Sep 2023 |
Total Imports from China (USD mn) | 715.679 Sep 2023 | monthly | Jan 2007 - Sep 2023 |
Imports (NGN mn) | 2,429,185.197 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Exports: Crude Oil (NGN mn) | 3,404,818.113 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Total Trade (NGN mn) | 6,865,948.584 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports: America: ow USA (NGN mn) | 299,453.208 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports: Europe: ow UK (NGN mn) | 93,037.938 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports (NGN mn) | 4,284,566.609 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports: Europe: ow Netherlands (NGN mn) | 523,568.988 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports: Mineral Products (NGN mn) | 24,389,951.388 2022 | yearly | 2003 - 2022 |
Exports: Vegetable Products (NGN mn) | 316,546.604 2022 | yearly | 2003 - 2022 |
Imports: Europe: ow Germany (NGN mn) | 68,742.651 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Imports: Europe: ow Netherlands (NGN mn) | 158,090.619 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Imports: America: ow USA (NGN mn) | 159,407.643 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Imports: Europe: ow UK (NGN mn) | 71,966.938 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Imports: Asia: ow China (NGN mn) | 631,502.155 Dec 2023 | monthly | Jan 2007 - Dec 2023 |
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 810,486.908 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Imports: Chemicals and Chemical Products (NGN mn) | 385,751.608 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Imports: Food and Live Animals (NGN mn) | 364,417.505 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Imports: Manufactured Goods (NGN mn) | 184,959.341 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Imports: Machinery and Transport Equipment (NGN mn) | 639,703.694 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 44.0 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Current Account Balance (USD mn) | 1,545.4 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Current Account Balance: % of GDP (%) | 1.9 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
Foreign Direct Investment: % of GDP (%) | 1.1 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Foreign Portfolio Investment (USD mn) | 2,876.923 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Foreign Portfolio Investment: % of GDP (%) | 3.6 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 270.9 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 2,606.059 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
External Debt (USD mn) | 42,495.2 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
External Debt: % of GDP (%) | 11.9 2023 | yearly | 1985 - 2023 |
External Debt: Short Term (USD mn) | 1,005.6 2020 | yearly | 2008 - 2020 |
External Debt: Short Term: % of GDP (%) | 0.2 2020 | yearly | 2008 - 2020 |
Forecast: Current Account Balance (USD bn) | 0.890 2028 | yearly | 1980 - 2028 |
Net International Investment Position (USD mn) | -90,273.874 2022 | yearly | 2005 - 2022 |
External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
External Debt: Government (USD mn) | 42,495.160 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
External Debt: Government: International Capital Market (USD mn) | 15,118.350 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Capital Inflow: Foreign Direct Investment (USD) | 20,080,525.860 Nov 2022 | monthly | Jan 2007 - Nov 2022 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 6.1 2019 | yearly | 2003 - 2019 |
Non-Performing Loans (USD mn) | 3,315.011 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
Money Supply M1 (USD mn) | 19,608.589 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
Money Supply M2 (USD mn) | 60,857.230 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
M2 Growth (%) | 77.6 Feb 2024 | monthly | Nov 1993 - Feb 2024 |
Reserve Requirement Ratio (%) | 45.0 Mar 2024 | monthly | Nov 2005 - Mar 2024 |
Foreign Exchange Reserves (USD mn) | 33,217.6 Dec 2023 | monthly | Jan 1960 - Dec 2023 |
Foreign Exchange Reserves: % of GDP (%) | 8.942 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 11.6 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Gold Reserves (USD mn) | 1,273.284 Sep 2023 | monthly | Dec 1950 - Sep 2023 |
Total Deposits (USD mn) | 84,213.801 Dec 2019 | monthly | Nov 1992 - Dec 2019 |
Total Deposits Growth (%) | 2.6 Dec 2019 | monthly | Nov 1993 - Dec 2019 |
Domestic Credit (USD mn) | 74,341.2 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
Domestic Credit Growth (%) | 63.6 Feb 2024 | monthly | Nov 1993 - Feb 2024 |
Private Debt: % of Nominal GDP (%) | 16.22 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Monetary Survey: Liabilities: Base Money (NGN mn) | 21,230,656.700 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
Monetary Survey: Liabilities: M2: M1 (NGN mn) | 30,277,249.260 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 63,691,242.700 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
Monetary Survey: Liabilities: M2 (NGN mn) | 93,968,491.960 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
Non Performing Loans to Gross Loans (%) | 4.210 Dec 2022 | semiannually | Dec 2003 - Dec 2022 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -0.6 Nov 2023 | monthly | Jul 2015 - Nov 2023 |
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