See notes for:
Gross domestic product, constant prices (National currency).
11.259
4.887
4.279
5.394
6.310
2.653
-1.617
0.806
1.923
2.208
-1.794
2019
Nigeria
Total investment
Percent of GDP
Source: National Statistics Office. Official re-based (2010) data for 2010-13 was published in July 2014, based on SNA 2008. Official backcasted data were published in July 2016 and 1990-2009 nominal and real GDP numbers were updated. However expenditure components of GDP are still IMF staff estimates and are subject to revision with official backcasted data.
Latest actual data: 2019
Notes: Official backcasted data were published in July 2016 and 1990-2009 nominal and real GDP numbers were updated. However expenditure components of GDP are still IMF staff estimates and are subject to revision with official backcasted data.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2010
Chain-weighted: No
Primary domestic currency: Nigerian naira
Data last updated: 03/2021
17.291
16.212
14.908
14.904
15.803
15.490
15.367
15.474
19.814
25.416
25.124
2019
Nigeria
Inflation, average consumer prices
Percent change
See notes for:
Inflation, average consumer prices (Index).
13.742
10.825
12.225
8.495
8.048
9.010
15.696
16.502
12.094
11.397
13.247
2019
Nigeria
Unemployment rate
Percent of total labor force
Source: National Statistics Office
Latest actual data: 2017. Data for 2018 is as of Q3.
Employment type: The new definition of unemployment uses a variant of the ILO definition. People who worked 20-40 hours are now reported as underemployed rather than unemployed.
Primary domestic currency: Nigerian naira
Data last updated: 03/2021
5.092
5.957
10.566
9.955
7.841
9.000
13.375
17.462
22.562
n/a
n/a
2017
International Monetary Fund, World Economic Outlook Database April 2021
