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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NigeriaNigeria Gross Domestic Product YoY climbed to 4.43% in August 2026
FMPMonthlyReleased August 2026
Nigeria Gross Domestic Product YoY climbed to 4.43% in August 2026, up 0.54% from July's 3.89% reading.
Latest Release
4.430000
Actual
—
Consensus
3.890000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.68 | COMMODITIES | Moves against | → View |
| EUR/USD | ▲ Direct | +0.58 | FOREX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.29 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product YoY (Nigeria) was reported at 4.43% in August 2026. The reading rose from the previous value of 3.89%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 3.91%, ranging from 2.83% to 4.43% across 6 releases.
WHY IT MATTERS
The trailing three releases averaged 3.72%, down from the prior three at 4.09%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Gross Domestic Product YoY - NG
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About Gross Domestic Product YoY — Nigeria
DEFINITION
Nigeria's Gross Domestic Product YoY rose to 4.430000% in August 2026, up from 3.890000% in May 2026, marking a clear acceleration in economic growth. This increase reverses the prior dip to 2.83% recorded in late August, signaling renewed expansion momentum. Market focus will remain on upcoming data releases and central bank policy adjustments amid this growth rebound. Updated 8/31/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 4.43 %. Prior reading (Apr 2026): 2.83 %. Before that (Jan 2026): 3.89 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.68) — a useful reference for commodities-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - NG Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:00 | NG | Food Inflation YoY | 19.57 | 20.31 | 21 | 20.29 | Low |
| 12:00 | NG | Inflation Rate YoY | 15.39 | 15.43 | 15.6 | 15.50 | Low |
| 13:50 | NG | Inflation Rate YoY | 15.39 | 15.43 | 15.6 | 15.50 | Low |
| 13:50 | NG | Food Inflation YoY | 19.57 | 20.31 | 21 | 20.29 | Low |