Nigeria GDP: Basic Prices

2010 - 2024 | Quarterly | NGN mn | National Bureau of Statistics

Nigeria GDP: Basic Prices data was reported at 60,930,000.576 NGN mn in Jun 2024. This records an increase from the previous number of 58,855,142.274 NGN mn for Mar 2024. Nigeria GDP: Basic Prices data is updated quarterly, averaging 27,734,427.351 NGN mn from Mar 2010 (Median) to Jun 2024, with 58 observations. The data reached an all-time high of 65,908,258.588 NGN mn in Dec 2023 and a record low of 12,583,478.327 NGN mn in Mar 2010. Nigeria GDP: Basic Prices data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s Nigeria – Table NG.A005: SNA 2008: GDP: by Industry: Current Price.

View Nigeria's Nigeria GDP: Basic Prices from Mar 2010 to Jun 2024 in the chart:

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Nigeria Nigeria GDP: Basic Prices
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Nigeria Nigeria GDP: Basic Prices

What was Nigeria's Nigeria GDP: Basic Prices in Jun 2024?

Last Previous Min Max Unit Frequency Range
60,930,000.576 Jun 2024 58,855,142.274 Mar 2024 12,583,478.327 Mar 2010 65,908,258.588 Dec 2023 NGN mn quarterly Mar 2010 - Jun 2024

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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 (%) 16.939 Jun 2024 quarterly Mar 2011 - Jun 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 (%) 3.3 Mar 2024 quarterly Mar 2011 - Mar 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 (%) -4.4 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
Government Debt: % of GDP (%) 49.5 Mar 2024 quarterly Dec 2010 - Mar 2024
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Consolidated Fiscal Balance (USD mn) -1,701.594 Mar 2024 quarterly Mar 2005 - Mar 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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