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Nigeria — Economic Indicators, GDP, Inflation & Data | Sigmanomics
Countries
Nigeria
Economic Indicators for Nigeria
Showing 30 indicators
Indicator
Last
Previous
Highest
Lowest
Unit
Armed forces personnel, total
223,000
223,000
223,000
162,000
Consumer price index (2010 = 100)
524.91
524.91
524.91
70.02
CPI
15.06
15.1
24.23
14.45
CPI YoY
15.06
15.1
15.1
15.06
%
Current account balance (% of GDP)
1.66
1.66
9.94
-3.7
B
Fertility rate, total (births per woman)
5.14
5.14
6.08
5.14
%
Food Inflation YoY
14.31
12.12
22.74
8.89
%
Foreign Exchange Reserves
49.37
49.44
49.51
37.9
GDP (current US$)
362,814,951,696.07
362,814,951,696.07
574,183,763,411.51
278,260,846,800.1
B
GDP growth (annual %)
2.86
2.86
8.04
-1.79
B
GDP Growth Rate YoY
4.07
3.98
4.23
3.13
%
Gross Domestic Product YoY
4.07
4.23
4.23
3.13
%
Human Capital Index (HCI) (scale 0-1)
0.36
0.36
0.36
0.34
Inflation Rate YoY
15.38
15.06
24.23
14.45
%
Inflation, consumer prices (annual %)
24.66
24.66
24.66
5.39
%
Interest Rate Decision
26.5
27
27.5
26.5
%
Labor Force Participation Rate (%)
82.52
82.57
82.57
82.52
%
Labor force, total
78,812,242
78,812,242
78,812,242
51,605,201
Lending interest rate (%)
14.01
14.01
18.99
11.48
%
New businesses registered (number)
136,961
136,961
136,961
34,531
Physicians (per 1,000 people)
0.4
0.4
0.44
0.37
Population, total
223,804,632
223,804,632
223,804,632
148,294,028
Primary government expenditures as a proportion of original approved budget (%)
98.73
98.73
106.17
78.32
Real interest rate (%)
1.23
1.23
18.18
0.92
%
Stanbic IBTC Bank Nigeria PMI
51.9
53.2
54.3
49.7
Time required to build a warehouse (days)
104.79
104.79
104.79
104.79
Time required to start a business (days)
7.2
7.2
30.3
7.2
Unemployment (% of Labor Force)
3.06
3.05
3.06
3.05
%
Unemployment with advanced education (% of total labor force with advanced education)
6.72
6.72
17.15
6.72
%
Unemployment, total (% of total labor force) (national estimate)
3.82
3.82
10.7
3.71
%