Nigeria Industrial Production Index Growth
2011 - 2024 | Quarterly | % | CEIC Data
Key information about Nigeria Industrial Production Index Growth
- Nigeria Industrial production rose 4.1 % YoY in Jun 2024, following an increase of 3.3 % YoY in the previous quarter.
- Nigeria Industrial production index growth rate YoY data is updated quarterly, available from Mar 2011 to Jun 2024, with an average rate of -0.5 %.
- The data reached an all-time high of 27.6 % in Mar 2011 and a record low of -16.9 % in Dec 2016.
CEIC calculates quarterly Industrial Production Index Growth from quarterly Industrial Production Index. The Central Bank of Nigeria provides Industrial Production Index with base 2010=100.
View Nigeria's Industrial Production Index Growth from Mar 2011 to Jun 2024 in the chart:
What was Nigeria's Industrial Production Index Growth in Jun 2024?
Nigeria Industrial production rose 4.1 % YoY in Jun 2024, following an increase of 3.3 % YoY in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 4.1 Jun 2024 | 3.3 Mar 2024 | -16.9 Dec 2016 | 27.6 Mar 2011 | % | quarterly | Mar 2011 - Jun 2024 |
Industrial Production Index Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -3.5 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Algeria (%) | 3.8 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Argentina (2004=100) | 125.3 Sep 2024 | monthly | Jan 2016 - Sep 2024 |
| Armenia (%) | 4.6 Sep 2024 | monthly | Jan 2008 - Sep 2024 |
| Australia (%) | 0.1 Jun 2024 | quarterly | Sep 1975 - Jun 2024 |
| Austria (%) | 1.1 Apr 2023 | monthly | Jan 1958 - Apr 2023 |
| Azerbaijan (%) | 8.2 Sep 2024 | monthly | Dec 2009 - Sep 2024 |
| Bangladesh (%) | -0.9 Jul 2024 | monthly | Jul 1974 - Jul 2024 |
| Belarus (%) | 6.2 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Belgium (%) | -3.8 Apr 2023 | monthly | Jan 1956 - Apr 2023 |
| Bolivia (%) | -0.5 2019 | yearly | 1991 - 2019 |
| Bosnia and Herzegovina (%) | -5.7 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Brazil (%) | 4.9 Sep 2024 | monthly | Jan 1986 - Sep 2024 |
| Bulgaria (%) | -10.8 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Canada (%) | -0.3 Sep 2024 | monthly | Jan 1958 - Sep 2024 |
| Chile (%) | 1.9 Sep 2024 | monthly | Jan 2010 - Sep 2024 |
| China (%) | 5.3 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Colombia (%) | -1.9 Aug 2024 | monthly | Jan 1981 - Aug 2024 |
| Croatia (%) | 0.4 May 2023 | monthly | Jan 1999 - May 2023 |
| Cyprus (%) | 1.2 Aug 2024 | monthly | Jan 2001 - Aug 2024 |
| Czech Republic (%) | 0.7 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Denmark (%) | 11.3 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Ecuador (%) | 30.3 Sep 2020 | monthly | Jan 2017 - Sep 2020 |
| Egypt (%) | 3.5 Sep 2024 | monthly | Aug 2004 - Sep 2024 |
| Estonia (%) | -15.1 Apr 2023 | monthly | Jan 1999 - Apr 2023 |
| European Union (%) | 0.6 Apr 2023 | monthly | Jan 1992 - Apr 2023 |
| Finland (%) | -2.4 Apr 2023 | monthly | Jan 1955 - Apr 2023 |
| France (%) | 2.6 May 2023 | monthly | Jan 1991 - May 2023 |
| Georgia (%) | 5.8 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Germany (%) | -2.5 Aug 2024 | monthly | Jan 1959 - Aug 2024 |
| Greece (%) | 4.2 Apr 2023 | monthly | Jan 1991 - Apr 2023 |
| Hong Kong SAR, China (%) | 0.6 Jun 2024 | quarterly | Mar 1983 - Jun 2024 |
| Hungary (%) | -4.6 May 2023 | monthly | Jan 1986 - May 2023 |
| Iceland (%) | 11.7 2018 | yearly | 2008 - 2018 |
| India (%) | -0.1 Aug 2024 | monthly | Apr 2006 - Aug 2024 |
| Indonesia (%) | -0.6 Jun 2024 | monthly | Jan 1999 - Jun 2024 |
| Iran (%) | 12.7 Mar 2017 | monthly | Jan 1958 - Mar 2017 |
| Ireland (%) | 27.4 Apr 2023 | monthly | Jul 1976 - Apr 2023 |
| Israel (%) | -6.8 Aug 2024 | monthly | Jan 2005 - Aug 2024 |
| Italy (%) | -7.0 Apr 2023 | monthly | Jan 1954 - Apr 2023 |
| Ivory Coast (%) | 2.8 Mar 2024 | monthly | Feb 2022 - Mar 2024 |
| Japan (%) | -0.1 Oct 2024 | monthly | Jan 1954 - Oct 2024 |
| Jordan (%) | 1.3 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Kazakhstan (%) | 3.5 Sep 2024 | monthly | Feb 2001 - Sep 2024 |
| Kenya (%) | 2.8 2023 | yearly | 2002 - 2023 |
| South Korea (%) | 0.4 Sep 2024 | monthly | Jan 1958 - Sep 2024 |
| Kuwait (%) | -10.0 Mar 2017 | monthly | Jan 1966 - Mar 2017 |
| Kyrgyzstan (%) | 13.0 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Latvia (%) | -8.7 May 2023 | monthly | Jan 2001 - May 2023 |
| Lebanon (%) | 10.6 2010 | yearly | 1998 - 2010 |
| Lithuania (%) | 2.4 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Luxembourg (%) | -11.5 Aug 2024 | monthly | Jan 2011 - Aug 2024 |
| Macau SAR, China (%) | 10.5 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
| North Macedonia (%) | -7.9 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
| Malawi (%) | 6.7 May 2024 | monthly | Jan 2014 - May 2024 |
| Malaysia (%) | 2.2 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Malta (%) | 14.5 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Mauritius (%) | -0.7 Dec 2021 | quarterly | Mar 2015 - Dec 2021 |
| Mexico (%) | -0.0 Sep 2024 | monthly | Jan 1981 - Sep 2024 |
| Moldova (%) | -3.5 Aug 2024 | monthly | Jan 2004 - Aug 2024 |
| Mongolia (%) | 105.6 May 2023 | monthly | Jan 2010 - May 2023 |
| Montenegro (%) | -3.7 Sep 2024 | monthly | Jan 2001 - Sep 2024 |
| Morocco (%) | 2.0 Mar 2024 | quarterly | Mar 1979 - Mar 2024 |
| Mozambique (%) | -2.1 Jun 2023 | monthly | Jun 2012 - Jun 2023 |
| Nepal (%) | 7.9 Jul 2018 | quarterly | Oct 2016 - Jul 2018 |
| Netherlands (%) | -12.4 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| New Zealand (%) | -3.7 Sep 2023 | quarterly | Jun 1978 - Sep 2023 |
| Nigeria (%) | 4.1 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Norway (%) | -5.1 Apr 2023 | monthly | Jan 1991 - Apr 2023 |
| Oman (%) | -1.9 Apr 2017 | monthly | Jul 1968 - Apr 2017 |
| Pakistan (%) | -2.0 Sep 2024 | monthly | May 1998 - Sep 2024 |
| Palestinian Territory (%) | -28.9 Aug 2024 | monthly | Jan 2012 - Aug 2024 |
| Panama (%) | 0.8 Dec 2021 | monthly | Jan 2004 - Dec 2021 |
| Peru (%) | 2.2 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
| Philippines (%) | -6.3 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Poland (%) | -2.4 May 2023 | monthly | Jan 1998 - May 2023 |
| Portugal (%) | -3.7 Jun 2023 | monthly | Jan 1996 - Jun 2023 |
| Qatar (%) | -11.2 Mar 2017 | monthly | Jan 1958 - Mar 2017 |
| Romania (%) | -4.7 Apr 2023 | monthly | Jan 2006 - Apr 2023 |
| Russia (%) | 3.2 Sep 2024 | monthly | Jan 2014 - Sep 2024 |
| Saudi Arabia (%) | -10.5 Dec 2023 | monthly | Jan 2019 - Dec 2023 |
| Serbia (%) | 0.6 May 2023 | monthly | Jan 2001 - May 2023 |
| Singapore (%) | 9.7 Sep 2024 | monthly | Jan 1984 - Sep 2024 |
| Slovakia (%) | -2.0 Apr 2023 | monthly | Jan 1999 - Apr 2023 |
| Slovenia (%) | -8.8 Apr 2023 | monthly | Dec 1992 - Apr 2023 |
| South Africa (%) | -0.1 Sep 2024 | monthly | Jan 1962 - Sep 2024 |
| Spain (%) | -0.1 May 2023 | monthly | Jan 1962 - May 2023 |
| Sri Lanka (%) | -8.2 Apr 2023 | monthly | Jan 2016 - Apr 2023 |
| Sweden (%) | 2.4 Apr 2023 | monthly | Jan 1981 - Apr 2023 |
| Switzerland (%) | -0.9 Sep 2024 | monthly | Oct 2010 - Sep 2024 |
| Syria (%) | -11.1 2022 | yearly | 1966 - 2022 |
| Taiwan (%) | 7.5 Oct 2024 | monthly | Jan 1997 - Oct 2024 |
| Tajikistan (%) | 12.1 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Thailand (%) | -3.2 Sep 2024 | monthly | Jan 2012 - Sep 2024 |
| Tunisia (%) | 1.8 Jun 2024 | monthly | Jan 2001 - Jun 2024 |
| Turkey (%) | -0.9 Apr 2023 | monthly | Jan 1987 - Apr 2023 |
| Ukraine (%) | -0.3 Jun 2024 | monthly | Dec 2000 - Jun 2024 |
| United Arab Emirates (%) | 2.2 Mar 2017 | monthly | Jan 1975 - Mar 2017 |
| United Kingdom (%) | -1.8 Apr 2023 | monthly | Jan 1949 - Apr 2023 |
| United States (%) | -0.3 Oct 2024 | monthly | Jan 1920 - Oct 2024 |
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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) | 88,444.7 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Government Debt: % of GDP (%) | 52.8 Jun 2024 | quarterly | Dec 2010 - Jun 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 |
| Gross Federation Account Revenue: Oil (NGN bn) | 1,733.500 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 6,152.970 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Expenditure: Capital (NGN bn) | 250.290 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Revenue (NGN bn) | 2,305.540 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Expenditure (NGN bn) | 6,838.960 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Balance (NGN bn) | -4,533.420 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Gross Federation Account Revenue (NGN bn) | 6,285.040 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Government Debt: Domestic (NGN bn) | 66,957.878 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| 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) | 1,530.686 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 329.199 2023 | yearly | 1995 - 2023 |
| 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) | 614,222.259 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 227,440.624 2023 | yearly | 1995 - 2023 |
| 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: Europe: ow UK (NGN mn) | 4,761.874 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports (NGN mn) | 7,280,672.000 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: 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: 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 (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: 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: Chemicals and Chemical Products (NGN mn) | 531,688.790 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) | 42,901.0 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| 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 (USD mn) | 42,901.010 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| External Debt: Government: International Capital Market (USD mn) | 15,118.350 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| 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: M2 (NGN mn) | 107,182,219.490 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 34,949,935.480 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 72,232,284.010 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 26,891,229.280 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
| 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) | 12.8 Oct 2024 | monthly | Jul 2015 - Oct 2024 |
More Indicators for Nigeria
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