Nigeria — Economic Indicators, GDP, Inflation & Data | Sigmanomics

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	%