Nigeria NG: GDP: Gross Value Added at Factor Cost

1981 - 2017 | Yearly | NGN mn | World Bank

Nigeria NG: GDP: Gross Value Added at Factor Cost data was reported at 113,719,048.226 NGN mn in 2017. This records an increase from the previous number of 101,489,492.202 NGN mn for 2016. Nigeria NG: GDP: Gross Value Added at Factor Cost data is updated yearly, averaging 3,194,014.960 NGN mn from Dec 1981 (Median) to 2017, with 37 observations. The data reached an all-time high of 113,719,048.226 NGN mn in 2017 and a record low of 47,619.660 NGN mn in 1981. Nigeria NG: GDP: Gross Value Added at Factor Cost data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Nominal. Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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Nigeria Nigeria NG: GDP: Gross Value Added at Factor Cost
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Nigeria Nigeria NG: GDP: Gross Value Added at Factor Cost

What was Nigeria's Nigeria NG: GDP: Gross Value Added at Factor Cost in 2017?

Last Previous Min Max Unit Frequency Range
113,719,048.23 2017 101,489,492.20 2016 47,619.66 1981 113,719,048.23 2017 NGN mn yearly 1981 - 2017

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Nigeria Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 6,977.346 2028 yearly 1990 - 2028
Forecast: Nominal GDP Per Capita (USD) 3,860.079 2027 yearly 1990 - 2027
Forecast: Real GDP Growth (%) 2.904 2027 yearly 1991 - 2027
GDP Deflator Growth (%) 11.3 Dec 2022 quarterly Mar 2011 - Dec 2022
GDP per Capita (USD) 2,057.020 2021 yearly 1981 - 2021
Gross Fixed Capital Formation (USD mn) 30,927.816 Dec 2023 quarterly Mar 2010 - Dec 2023
Gross National Product (GNP) (USD mn) 355,832.510 2023 yearly 1960 - 2023
Gross Savings Rate (%) 34.6 2023 yearly 1981 - 2023
Investment: % of GDP (%) 36.1 2023 yearly 1981 - 2023
Nominal GDP (USD mn) 111,302.5 Mar 2023 quarterly Mar 2010 - Mar 2023
Nominal GDP Growth (%) 17.265 Sep 2024 quarterly Mar 2011 - Sep 2024
Private Consumption Expenditure (USD mn) 44,757.800 Dec 2023 quarterly Mar 2010 - Dec 2023
Private Consumption: % of GDP (%) 61.2 2023 yearly 1981 - 2023
Public Consumption Expenditure (USD mn) 3,241.642 Dec 2023 quarterly Mar 2010 - Dec 2023
Public Consumption: % of GDP (%) 4.3 2023 yearly 1981 - 2023
Real GDP Growth (%) 2.3 Mar 2023 quarterly Mar 2011 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 39.325 Dec 2023 quarterly Mar 2010 - Dec 2023
Production Last Frequency Range
Gold Production (kg) 350.000 2022 yearly 1993 - 2022
Industrial Production Index Growth (%) 4.1 Jun 2024 quarterly Mar 2011 - Jun 2024
Minerals Production (Metric Ton) 107,328,470.000 2022 yearly 2009 - 2022
Motor Vehicle Production (Unit) 2,040.000 2008 yearly 1999 - 2008
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 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
Government Debt: % of GDP (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
National Government Debt (USD mn) 88,444.7 Jun 2024 quarterly Dec 2006 - Jun 2024
Consolidated Fiscal Balance (USD mn) -3,274.101 Jun 2024 quarterly Mar 2005 - Jun 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 46,488,079.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Forecast: Population (Person mn) 250.830 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 22.562 2018 yearly 2010 - 2018
Labour Force Participation Rate (%) 59.1 2023 yearly 1990 - 2023
Labour Productivity Growth (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Population (Person mn) 211.5 2021 yearly 1950 - 2021
Unemployment Rate (%) 4.10 Mar 2023 quarterly Dec 2022 - Mar 2023
Domestic Trade and Household Survey Last Frequency Range
Consumer Confidence Growth (% Point) -1.3 Dec 2020 quarterly Jun 2010 - Dec 2020
Consumer Confidence: Net Balance (% Point) 28.9 Dec 2020 quarterly Jun 2009 - Dec 2020
Motor Vehicle Sales: Commercial Cars (Unit) 4,700.000 2019 yearly 2005 - 2019
Motor Vehicle Sales: Passenger Cars (Unit) 5,100.000 2019 yearly 2005 - 2019
Motor Vehicles Sales (Unit) 9,800 2019 yearly 2005 - 2019
Motor Vehicles Sales Growth (%) -42.4 2019 yearly 2006 - 2019

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