Nigeria Nominal GDP Growth

2011 - 2024 | Quarterly | % | CEIC Data

Key information about Nigeria Nominal GDP Growth

  • Nigeria Nominal GDP Growth was reported at 16.939 % in Jun 2024.
  • This records an increase from the previous number of 14.857 % for Mar 2024.
  • Nigeria Nominal GDP Growth data is updated quarterly, averaging 12.823 % from Mar 2011 to Jun 2024, with 54 observations.
  • The data reached an all-time high of 17.859 % in Jun 2012 and a record low of -2.796 % in Jun 2020.
  • Nigeria Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The National Bureau of Statistics provides Nominal GDP in local currency, at basic prices.

View Nigeria's Nominal GDP Growth from Mar 2011 to Jun 2024 in the chart:

Nigeria Nominal GDP Growth

What was Nigeria's Nominal GDP Growth in Jun 2024?

Nigeria Nominal GDP Growth was reported at 16.939 % in Jun 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
16.939 Jun 2024 14.857 Mar 2024 -2.796 Jun 2020 17.859 Jun 2012 % quarterly Mar 2011 - Jun 2024

Nominal GDP Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 7.871 Jun 2024 quarterly Mar 2009 - Jun 2024
Algeria (%) 6.213 Mar 2024 quarterly Mar 2000 - Mar 2024
Argentina (%) 250.930 Jun 2024 quarterly Mar 1994 - Jun 2024
Armenia (%) 7.035 Jun 2024 quarterly Dec 1995 - Jun 2024
Australia (%) 4.372 Jun 2024 quarterly Sep 1960 - Jun 2024
Austria (%) 1.388 Jun 2024 quarterly Mar 1996 - Jun 2024
Azerbaijan (%) 2.381 Jun 2024 quarterly Mar 2002 - Jun 2024
Bahrain (%) 2.392 Jun 2024 quarterly Mar 2008 - Jun 2024
Bangladesh (%) 12.407 2024 yearly 2007 - 2024
Belarus (%) 15.793 Jun 2024 quarterly Mar 1995 - Jun 2024
Belgium (%) 4.072 Jun 2024 quarterly Mar 1981 - Jun 2024
Bolivia (%) 5.208 Jun 2024 quarterly Mar 1991 - Jun 2024
Bosnia and Herzegovina (%) 2.641 Jun 2024 quarterly Mar 2009 - Jun 2024
Botswana (%) -2.189 Jun 2024 quarterly Sep 1994 - Jun 2024
Brazil (%) 8.508 Sep 2024 quarterly Mar 1991 - Sep 2024
Brunei (%) 7.833 Jun 2024 quarterly Mar 2005 - Jun 2024
Bulgaria (%) 10.939 Jun 2024 quarterly Mar 1996 - Jun 2024
Cambodia (%) 8.798 2022 yearly 1994 - 2022
Canada (%) 4.866 Jun 2024 quarterly Mar 1958 - Jun 2024
Chile (%) 8.288 Jun 2024 quarterly Mar 1991 - Jun 2024
China (%) 4.042 Sep 2024 quarterly Mar 1993 - Sep 2024
Colombia (%) 3.506 Mar 2024 quarterly Mar 2001 - Mar 2024
Croatia (%) 8.893 Jun 2024 quarterly Mar 1996 - Jun 2024
Cyprus (%) 7.754 Jun 2024 quarterly Mar 1996 - Jun 2024
Czech Republic (%) 4.815 Jun 2024 quarterly Mar 1996 - Jun 2024
Denmark (%) 3.286 Jun 2024 quarterly Mar 1991 - Jun 2024
Ecuador (%) 3.653 Jun 2024 quarterly Mar 1992 - Jun 2024
Egypt (%) 35.403 Jun 2024 quarterly Sep 2002 - Jun 2024
Estonia (%) 2.811 Jun 2024 quarterly Mar 1996 - Jun 2024
European Union (%) 4.061 Jun 2024 quarterly Mar 1996 - Jun 2024
Finland (%) 0.344 Jun 2024 quarterly Mar 1991 - Jun 2024
France (%) 3.743 Sep 2024 quarterly Mar 1950 - Sep 2024
Georgia (%) 12.367 Jun 2024 quarterly Mar 1997 - Jun 2024
Germany (%) 2.535 Sep 2024 quarterly Mar 1961 - Sep 2024
Ghana (%) 29.025 Jun 2024 quarterly Mar 2007 - Jun 2024
Greece (%) 5.123 Jun 2024 quarterly Mar 1996 - Jun 2024
Hong Kong SAR, China (%) 7.581 Jun 2024 quarterly Mar 1974 - Jun 2024
Hungary (%) 9.654 Jun 2024 quarterly Mar 1996 - Jun 2024
Iceland (%) 4.332 Jun 2024 quarterly Mar 1996 - Jun 2024
India (%) 9.666 Jun 2024 quarterly Jun 1997 - Jun 2024
Indonesia (%) 6.495 Sep 2024 quarterly Mar 1994 - Sep 2024
Iran (%) 35.070 Mar 2024 quarterly Jun 1989 - Mar 2024
Ireland (%) -1.208 Jun 2024 quarterly Mar 1996 - Jun 2024
Israel (%) 3.586 Jun 2024 quarterly Mar 1996 - Jun 2024
Italy (%) 1.999 Jun 2024 quarterly Mar 1981 - Jun 2024
Ivory Coast (%) 681.695 Mar 2023 quarterly Mar 1998 - Mar 2023
Japan (%) 2.165 Jun 2024 quarterly Mar 1981 - Jun 2024
Jordan (%) 3.975 Jun 2024 quarterly Mar 1993 - Jun 2024
Kazakhstan (%) 15.632 Dec 2023 quarterly Mar 1995 - Dec 2023
Kenya (%) 7.780 Jun 2024 quarterly Mar 2010 - Jun 2024
South Korea (%) 7.226 Jun 2024 quarterly Mar 1961 - Jun 2024
Kosovo (%) 6.081 Jun 2024 quarterly Mar 2011 - Jun 2024
Kuwait (%) 3.246 Jun 2024 quarterly Mar 2011 - Jun 2024
Kyrgyzstan (%) 18.207 Dec 2023 quarterly Mar 2001 - Dec 2023
Laos (%) 23.128 2023 yearly 1985 - 2023
Latvia (%) 2.096 Jun 2024 quarterly Mar 1996 - Jun 2024
Lebanon (%) 19.333 2020 yearly 1998 - 2020
Lithuania (%) 6.888 Sep 2024 quarterly Mar 1996 - Sep 2024
Luxembourg (%) 2.967 Jun 2024 quarterly Mar 1996 - Jun 2024
Macau SAR, China (%) 7.805 Jun 2024 quarterly Mar 1999 - Jun 2024
North Macedonia (%) 7.276 Jun 2024 quarterly Mar 2001 - Jun 2024
Malawi (%) 10.386 2021 yearly 2003 - 2021
Malaysia (%) 7.452 Jun 2024 quarterly Mar 1992 - Jun 2024
Malta (%) 7.622 Jun 2024 quarterly Mar 2001 - Jun 2024
Mauritius (%) 14.332 Jun 2024 quarterly Mar 2000 - Jun 2024
Mexico (%) 6.070 Jun 2024 quarterly Mar 1994 - Jun 2024
Moldova (%) 4.985 Jun 2024 quarterly Mar 1996 - Jun 2024
Mongolia (%) 22.032 Jun 2024 quarterly Mar 2001 - Jun 2024
Montenegro (%) 7.679 Jun 2024 quarterly Mar 2011 - Jun 2024
Morocco (%) 3.615 Jun 2024 quarterly Mar 2008 - Jun 2024
Mozambique (%) 11.026 2023 yearly 1964 - 2023
Nepal (%) 6.662 2024 yearly 2002 - 2024
Netherlands (%) 6.022 Jun 2024 quarterly Mar 1989 - Jun 2024
New Zealand (%) 3.165 Jun 2024 quarterly Jun 1988 - Jun 2024
Nigeria (%) 16.939 Jun 2024 quarterly Mar 2011 - Jun 2024
Norway (%) 4.266 Jun 2024 quarterly Mar 1979 - Jun 2024
Oman (%) 4.546 Jun 2024 quarterly Mar 2006 - Jun 2024
Pakistan (%) 26.432 2024 yearly 2001 - 2024
Palestinian Territory (%) -34.320 Jun 2024 quarterly Mar 2001 - Jun 2024
Panama (%) 3.631 Jun 2024 quarterly Mar 2008 - Jun 2024
Paraguay (%) 8.679 Jun 2024 quarterly Mar 1995 - Jun 2024
Peru (%) 5.953 Dec 2022 quarterly Mar 1991 - Dec 2022
Philippines (%) 10.136 Jun 2024 quarterly Mar 1982 - Jun 2024
Poland (%) 5.173 Jun 2024 quarterly Mar 1996 - Jun 2024
Portugal (%) 10.841 Dec 2022 quarterly Mar 1996 - Dec 2022
Qatar (%) -10.389 Dec 2023 quarterly Mar 2012 - Dec 2023
Romania (%) 12.512 Jun 2024 quarterly Mar 1996 - Jun 2024
Russia (%) 19.527 Mar 2024 quarterly Mar 1994 - Mar 2024
Saudi Arabia (%) 4.510 Jun 2024 quarterly Mar 2004 - Jun 2024
Serbia (%) 9.510 Jun 2024 quarterly Mar 1996 - Jun 2024
Singapore (%) 7.799 Jun 2024 quarterly Mar 1976 - Jun 2024
Slovakia (%) 7.535 Jun 2024 quarterly Mar 1996 - Jun 2024
Slovenia (%) 2.897 Jun 2024 quarterly Mar 1996 - Jun 2024
South Africa (%) 5.079 Jun 2024 quarterly Mar 1961 - Jun 2024
Spain (%) 6.688 Sep 2024 quarterly Mar 1971 - Sep 2024
Sri Lanka (%) 8.448 Mar 2024 quarterly Mar 2003 - Mar 2024
Sudan (%) 103.797 2020 yearly 1961 - 2020
Sweden (%) 4.356 Jun 2024 quarterly Mar 1981 - Jun 2024
Switzerland (%) 4.113 Dec 2022 quarterly Mar 1981 - Dec 2022
Syria (%) 113.698 2022 yearly 1971 - 2022

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.4 Mar 2024 quarterly Dec 2010 - Mar 2024
Consolidated Fiscal Balance (USD mn) -1,701.594 Mar 2024 quarterly Mar 2005 - Mar 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) -2,245.790 Mar 2024 quarterly Mar 2005 - Mar 2024
Federal Govt Expenditure: Capital (NGN bn) 235.110 Mar 2024 quarterly Mar 2005 - Mar 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,530.910 Mar 2024 quarterly Mar 2005 - Mar 2024
Gross Federation Account Revenue (NGN bn) 4,876.700 Mar 2024 quarterly Mar 2005 - Mar 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,111.800 Mar 2024 quarterly Mar 2005 - Mar 2024
Federal Govt Revenue (NGN bn) 1,445.670 Mar 2024 quarterly Mar 2005 - Mar 2024
Federal Govt Expenditure (NGN bn) 3,691.460 Mar 2024 quarterly Mar 2005 - Mar 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: 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: Europe: ow Netherlands (NGN mn) 89,695.701 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: America: ow USA (NGN mn) 263,320.371 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Manufactured Goods (NGN mn) 415,104.163 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 (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
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 564,023.272 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 (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: Government: International Capital Market (USD mn) 15,118.350 Mar 2024 quarterly Mar 2011 - Mar 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 (%) 14.126 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: M1 (NGN mn) 34,949,935.480 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: M2: Quasi Money (NGN mn) 72,232,284.010 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: 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) 13.8 Sep 2024 monthly Jul 2015 - Sep 2024

More Indicators for Nigeria

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