Nigeria Economy & Nigeria Markets Data analytics

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MacroVar monitors real-time economic, financial and geopolitical developments for the Nigeria economy and Nigeria markets by analyzing financial, economic data and real-time news using statistical models. To help you forecast and analyze economic and financial developments, our team provides you with explanations of the theory and structure of our models and access to financial and economic data.

Nigeria Overview

 
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Nigeria Overview presents the current trends and dynamics of the major Nigeria financial markets and economic indicators. Select Details to get more information for each indicator, use Factors to monitor current statistical analysis of financial & economic factors affecting the specific asset, and select research to read the latest MacroVar research for the specific asset/indicator.


Symbol Price 1D% MoM% YoY% M T B Factors Details
NSE All Share ALLSHARE 99802.1 0 0.01 64.38
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Nigeria PMI vs Stocks Premium Factors are available to premium users only. Upgrade your account.
Momentum 1.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend -0.25 High 2024-10-07 08:47:02 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
Nigeria 2-Year Bond Yield NG.2Y 23.59 15.89 0.2 203.24
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 0.75 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
Nigeria 10-year bond yield NG.10Y 19.69 0 0.01 49.44
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Nigeria PMI vs 10Y Premium Factors are available to premium users only. Upgrade your account.
Momentum 1.0 High 2024-10-07 08:47:02 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 0.0 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk -50.0 High 2023-08-01 13:24:49 MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
Nigerian Naira US Dollar (NGN/USD) NGNUSD 1561.51 -1.79 0.02 97.21
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Nigeria 10Y vs FX Premium Factors are available to premium users only. Upgrade your account.
Nigeria 2Y vs FX Premium Factors are available to premium users only. Upgrade your account.
Nigeria PMI vs FX Premium Factors are available to premium users only. Upgrade your account.
Momentum 0.5 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 0.75 High 2024-10-07 08:47:02 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
manufacturing pmi ng.manpmi 42.8 -13 -13 -18
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down High 2024-07-11 09:32:08 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend Down High 2024-07-11 09:32:08 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
Services PMI ng.servpmi 36.2 -23 -23 -23
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down High 2024-07-12 19:52:03 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend Down High 2024-07-12 19:52:03 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
Symbol Price 1D% MoM% YoY% M T B Factors Details
NSE All Share ALLSHARE 99802.1 0 0.01 64.38
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Nigeria PMI vs Stocks Premium Factors are available to premium users only. Upgrade your account.
Momentum 1.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend -0.25 High 2024-10-07 08:47:02 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
Nigeria ETF NGE 3.74 0 0.02 -53.69
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Nigeria PMI vs ETF Premium Factors are available to premium users only. Upgrade your account.
Momentum -100.0 High 2023-12-18 15:44:05 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend -50.0 High 2023-09-20 16:50:14 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk -50.0 High 2024-01-11 08:16:43 MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
Nigeria 2-Year Bond Yield NG.2Y 23.59 15.89 0.2 203.24
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 0.75 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
Nigeria 10-year bond yield NG.10Y 19.69 0 0.01 49.44
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Nigeria PMI vs 10Y Premium Factors are available to premium users only. Upgrade your account.
Momentum 1.0 High 2024-10-07 08:47:02 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 0.0 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk -50.0 High 2023-08-01 13:24:49 MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
Nigeria Yield Curve NG.YC -3.9 484.13 22.51 -329.39
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Description
Nigerian Naira US Dollar (NGN/USD) NGNUSD 1561.51 -1.79 0.02 97.21
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Nigeria 10Y vs FX Premium Factors are available to premium users only. Upgrade your account.
Nigeria 2Y vs FX Premium Factors are available to premium users only. Upgrade your account.
Nigeria PMI vs FX Premium Factors are available to premium users only. Upgrade your account.
Momentum 0.5 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 0.75 High 2024-10-07 08:47:02 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
Symbol Price 1D% MoM% YoY% M T B Factors Details
Composite PMI ng.comppmi 49.2 -2 -2 1330
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum UP High 2024-07-12 19:52:03 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend Down High 2024-07-12 19:52:03 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
manufacturing pmi ng.manpmi 42.8 -13 -13 -18
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down High 2024-07-11 09:32:08 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend Down High 2024-07-11 09:32:08 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
Services PMI ng.servpmi 36.2 -23 -23 -23
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down High 2024-07-12 19:52:03 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend Down High 2024-07-12 19:52:03 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
GDP Growth (annual) ng.gdpgrowthan 2.98 -14 -14 484
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down High 2024-08-10 07:59:38 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend Down High 2024-08-10 07:59:38 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
Unemployment rate ng.unemploymentrate 5 19 19 -65
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down Medium 2024-09-26 13:17:01 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend Down Medium 2024-09-26 13:17:01 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
Symbol Price 1D% MoM% YoY% M T B Factors Details
NSE All Share ALLSHARE 99802.1 0 0.01 64.38
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Nigeria PMI vs Stocks Premium Factors are available to premium users only. Upgrade your account.
Momentum 1.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend -0.25 High 2024-10-07 08:47:02 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
Nigeria 2-Year Bond Yield NG.2Y 23.59 15.89 0.2 203.24
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 0.75 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
Nigeria 10-year bond yield NG.10Y 19.69 0 0.01 49.44
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Nigeria PMI vs 10Y Premium Factors are available to premium users only. Upgrade your account.
Momentum 1.0 High 2024-10-07 08:47:02 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 0.0 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk -50.0 High 2023-08-01 13:24:49 MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
Nigerian Naira US Dollar (NGN/USD) NGNUSD 1561.51 -1.79 0.02 97.21
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Nigeria 10Y vs FX Premium Factors are available to premium users only. Upgrade your account.
Nigeria 2Y vs FX Premium Factors are available to premium users only. Upgrade your account.
Nigeria PMI vs FX Premium Factors are available to premium users only. Upgrade your account.
Momentum 0.5 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 0.75 High 2024-10-07 08:47:02 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description

Nigeria Economic Overview

  
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Nigeria economic overview presents a snapshot of Nigeria current economic conditions. You can find details for the Nigeria economy subsections by exploring the sections below.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
Composite PMI ng.comppmi 36.2 47.1 -23 886 Down UP
manufacturing pmi ng.manpmi 42.8 49.4 -13 -18 Down Down
services pmi ng.servpmi 36.2 47.1 -23 -23 Down Down

Nigeria Manufacturing

  
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MacroVar tracks hundreds of indicators related to Nigeria manufacturing. Our focus is on the most important leading indicators based on the ISM report and related indicators. The ISM report is the most important report reflecting the real demand of goods in the Nigeria economy.


1Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
manufacturing pmi ng.manpmi 42.8 49.4 -13 -18 Down Down
industrial production ng.indproduction 3.34 3.73 -10 -87 UP Down

Nigeria Services

  
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MacroVar tracks hundreds of indicators related to Nigeria services. Our focus is on the most important leading indicators based on the ISM report and related indicators. The ISM report is the most important report reflecting the real demand of services in the Nigeria economy.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
services pmi ng.servpmi 36.2 47.1 -23 -23 Down Down

Nigeria consumer sentiment

  
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Consumer spending makes up 67% of the U.S. Economy. MacroVar monitors direct consumer reports like the University of Michigan Consumer Sentiment Index and indirect macroeconomic indicators related to Nigeria employment and Nigeria consumer activity (building permits).


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
consumer confidence ng.consconfidence -14.8 -21.2s -30 -1580 Down Down
unemployment rate ng.unemploymentrate 5.3 5.4s -2 -67 Down Down

Nigeria Construction

  
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The Nigeria construction sector is a significant component of the Nigeria economy. MacroVar monitors leading indicators of construction activity like building permits and new home sales.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope

Nigeria Macroeconomic outlook

  
Nigeria Macroeconomic outlook presents an overview of the long-term fundamental coincident factors of the Nigeria economy. Components monitored are the country's rserves, debt, Monetary Policy and Fiscal Policy. Explore Nigeria macroeconomic model in detail.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
gdp ng.gdp 362.81 472.62 -23 -12 Down Down
Real GDP ng.realgdp 18285019.24 18278200 0 10 Down UP
gdp growth annual ng.gdpgrowthan 2.98 3.46 -14 -26 Down Down
gdp growth ng.gdpgrowth -16.1 12 -234 -245 Down Down
interest rate ng.interestrate 26.25 24.75 6 42 UP UP
unemployment rate ng.unemploymentrate 5.3 5.4 -2 -67 Down Down
external debt ng.externaldebt 42120.0 41594.5 1 26 UP UP
government debt to gdp ng.govdebtgdp 38.8 38 2 88 UP UP
current account ng.currentaccount 2660.0 3350 -21 -151 UP UP
current account to gdp ng.currentaccountgdp -0.3 -0.3 0 -110 Down Down
exports ng.exports 4284566.61 4267980 0 123 UP UP
imports ng.imports 3152397.82 4875380 -35 25 Down UP
foreign exchange reserves ng.fxreserves 37870.0 36340 4 12 UP UP
gold reserves ng.goldres 21.37 21.37 0 -0 Down Down
government revenues ng.govrev 1445.67 1682.24 -14 45 UP UP
fiscal expenditure ng.fiscalexp 3691.46 4951.46 -25 55 UP UP

Nigeria Inflation

  
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MacroVar monitors major inflation indexes and subcompoonents based on Bureau of Labour Statistics monthly report.


Indicator Symbol Actual Previous M/M% Y/Y% Trend
core inflation rate ng.coreinflationrate 27.6 27.47 0 28

Nigeria Employment

  
MacroVar monitors leading indicators (ISM/NMI employment activity), coincident (Initial & Continuing jobless claims) and lagging indicators of Nigeria employment. Nigeria employment is one of the major factors affecting Nigeria monetary policy.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
unemployment rate ng.unemploymentrate 5.3 5.4 -2 -67 Down Down

Nigeria Monetary Policy

  
Nigeria Monetary policy is monitored by tracking the most important indicators related to the Fed's balance sheet and interest rates.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
interest rate ng.interestrate 26.25 24.75 6 42 UP UP
money supply m1 ng.msm1 34949935.48 35324100 -1 43 UP UP
money supply m2 ng.msm2 107182219.49 106347000 1 63 UP UP
government debt to gdp ng.govdebtgdp 38.8 38 2 88 UP UP
Nigeria Credit Rating (S&P) RATING.S&P.NG
Nigeria Credit Rating (Moody's) RATING.MOODYS.NG
Nigeria Credit Rating (Fitch) RATING.FITCH.NG

Nigeria Fiscal Policy

  
Nigeria Fiscal policy is monitored by tracking the most important indicators related to the Treasury's decisions on government spending, revenues and budget surplus/deficit.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
government revenues ng.govrev 1445.67 1682.24 -14 45 UP UP
fiscal expenditure ng.fiscalexp 3691.46 4951.46 -25 55 UP UP
government budget ng.govbudget -6.1 -5 22 336 Down Down
Government budget ng.govbudgetvalue -2245.79 -3269.2 -31 45 Down Down
government debt to gdp ng.govdebtgdp 38.8 38 2 88 UP UP

Nigeria Trade

  
Nigeria trade activity is monitored by tracking Trade and Capital flows.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
current account ng.currentaccount 2660.0 3350 -21 -151 UP UP
current account to gdp ng.currentaccountgdp -0.3 -0.3 0 -110 Down Down
balance of trade ng.balanceoftrade 4128274.18 1716710 140 -741 UP UP
imports ng.imports 3152397.82 4875380 -35 25 Down UP
exports ng.exports 4284566.61 4267980 0 123 UP UP
external debt ng.externaldebt 42120.0 41594.5 1 26 UP UP
foreign exchange reserves ng.fxreserves 37870.0 36340 4 12 UP UP
gold reserves ng.goldres 21.37 21.37 0 -0 Down Down