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
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 14.4 Mar 2023 | quarterly | Mar 2010 - Mar 2023 |
Algeria (%) | 2.3 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
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 (%) | 20.7 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
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 (%) | 148.4 2021 | yearly | 2012 - 2021 |
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 (%) | 5.3 2023 | yearly | 1992 - 2023 |
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 (%) | 3.0 Mar 2024 | quarterly | Mar 2011 - Mar 2024 |
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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Learn more about what we doNigeria Key Series
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -5.7 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Consolidated Fiscal Balance (USD mn) | -3,274.101 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
National Government Debt (USD mn) | 101,710.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Government Debt: % of GDP (%) | 49.5 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
Forecast: Government Expenditure (NGN bn) | 100,505.650 2029 | yearly | 1990 - 2029 |
Forecast: Government Net Debt (NGN bn) | 285,181.495 2029 | yearly | 1990 - 2029 |
Forecast: Government Revenue (NGN bn) | 72,588.069 2029 | yearly | 1990 - 2029 |
Federal Govt Balance (NGN bn) | -4,533.420 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Expenditure: Capital (NGN bn) | 250.290 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Gross Federation Account Revenue (NGN bn) | 6,285.040 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Expenditure: Recurrent (NGN bn) | 6,152.970 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Gross Federation Account Revenue: Oil (NGN bn) | 1,733.500 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Expenditure (NGN bn) | 6,838.960 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Revenue (NGN bn) | 2,305.540 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
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) | 2,786.0 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Total Exports (USD mn) | 4,913.5 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Total Exports Growth (%) | 163.7 Jun 2024 | monthly | Jan 2004 - Jun 2024 |
Aluminum: Exports (USD th) | 187,832.450 2023 | yearly | 1995 - 2023 |
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 (%) | 83.0 Jun 2024 | monthly | Jan 2004 - Jun 2024 |
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) | 658.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Total Imports from USA (USD mn) | 177.707 Jun 2024 | monthly | Dec 2009 - Jun 2024 |
Total Exports to China (USD mn) | 160.464 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
Total Imports from China (USD mn) | 737.510 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
Exports: Crude Oil (NGN mn) | 5,457,219.231 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Total Trade (NGN mn) | 10,433,069.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Growth Rate: MoM (%) | -35.341 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
Exports: Growth Rate: MoM (%) | 10.446 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
Exports: America: ow USA (NGN mn) | 975,552.174 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Exports: Europe: ow Netherlands (NGN mn) | 434,520.151 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Exports (NGN mn) | 7,280,672.000 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Exports: Europe: ow UK (NGN mn) | 4,761.874 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Exports: Mineral Products (NGN mn) | 33,075,147.443 2023 | yearly | 2003 - 2023 |
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 53,170.162 2023 | yearly | 2003 - 2023 |
Exports: Vegetable Products (NGN mn) | 786,963.687 2023 | yearly | 2003 - 2023 |
Imports: Europe: ow Germany (NGN mn) | 91,725.002 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Europe: ow Netherlands (NGN mn) | 89,695.701 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Asia: ow China (NGN mn) | 1,092,816.851 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
Imports: Europe: ow UK (NGN mn) | 39,682.510 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: America: ow USA (NGN mn) | 263,320.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Chemicals and Chemical Products (NGN mn) | 531,688.790 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Manufactured Goods (NGN mn) | 415,104.163 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 564,023.272 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports (NGN mn) | 3,152,397.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Food and Live Animals (NGN mn) | 464,465.517 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Machinery and Transport Equipment (NGN mn) | 939,658.575 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Export Value Index (2015=100) | 93.461 2021 | yearly | 1980 - 2021 |
Import Value Index (2015=100) | 116.198 2021 | yearly | 1980 - 2021 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | -831.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Current Account Balance (USD mn) | 5,142.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Current Account Balance: % of GDP (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
Foreign Direct Investment: % of GDP (%) | 1.3 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment (USD mn) | 4,416.719 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Foreign Portfolio Investment: % of GDP (%) | 10.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -309.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 4,726.039 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
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) | -5.481 2029 | yearly | 1980 - 2029 |
Net International Investment Position (USD mn) | -86,263.760 2023 | yearly | 2005 - 2023 |
External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
External Debt: Government: International Capital Market (USD mn) | 15,118.350 Mar 2024 | quarterly | Mar 2011 - Mar 2024 |
External Debt: Government (USD mn) | 42,495.160 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
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) | 21,896.535 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Money Supply M2 (USD mn) | 67,150.889 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
M2 Growth (%) | 63.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
Reserve Requirement Ratio (%) | 50.0 Oct 2024 | monthly | Nov 2005 - Oct 2024 |
Foreign Exchange Reserves (USD mn) | 34,762.2 Jun 2024 | monthly | Jan 1960 - Jun 2024 |
Foreign Exchange Reserves: % of GDP (%) | 14.124 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 16.3 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Gold Reserves (USD mn) | 1,599.957 Jun 2024 | monthly | Dec 1950 - Jun 2024 |
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) | 73,616.6 Sep 2024 | monthly | Nov 1992 - Sep 2024 |
Domestic Credit Growth (%) | 33.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
Private Debt: % of Nominal GDP (%) | 20.83 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Monetary Survey: Liabilities: Base Money (NGN mn) | 26,891,229.280 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
Monetary Survey: Liabilities: M2: M1 (NGN mn) | 34,949,935.480 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 72,232,284.010 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Monetary Survey: Liabilities: M2 (NGN mn) | 107,182,219.490 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
Non Performing Loans to Gross Loans (%) | 4.140 Jun 2023 | semiannually | Dec 2003 - Jun 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | 13.8 Sep 2024 | monthly | Jul 2015 - Sep 2024 |
More Indicators for Nigeria
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