Nigeria Real GDP


Nigeria Real GDP: 21773263.25 (11.99%)
Last Update: December 31, 2023

Nigeria Real GDP closed down 21773263.25 as of December 31, 2023 from 19442281.18 from the previous month and 19550100 from last year.


Nigeria Real GDP Analytics & Data




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Nigeria Real GDP

Date Values
2023-12-31 21773263.25
2023-09-30 19442281.18
2023-06-30 17719335.38
2023-03-31 17750060.97
2022-12-31 21044250.06
2022-09-30 18959954.87
2022-06-30 17285882.91
2022-03-31 17349381.1
2021-12-31 20329062.42
2021-09-30 18543054.58
2021-06-30 16694666.15
2021-03-31 16826900
2020-12-31 19550100
2020-09-30 17824500
2020-06-30 16044500
2020-03-31 16893300
2019-12-31 19750900
2019-09-30 18697300
2019-06-30 17047400
2019-03-31 16569700


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Nigeria Real GDP Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
Real GDP ng.realgdp 21773300 19442300 12 11 UP UP 53 2023-12-31

Nigeria Real GDP Factors

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What is the Nigeria Real GDP

Nigeria Real GDP Data and Analysis

Welcome to our webpage dedicated to providing you with the latest information on Nigeria Real GDP. Here, you can find current and historical data, trends, signals, analytics, and charts to gain a comprehensive understanding of the economic performance of Nigeria.

What is Nigeria Real GDP?

Real Gross Domestic Product (GDP) represents the total value of all goods and services produced within a country's borders, adjusted for inflation. It is a crucial measure of economic growth and serves as an important indicator of the overall health of an economy. Nigeria Real GDP specifically refers to the GDP of Nigeria, Africa's largest economy.

Interpreting Nigeria Real GDP

Understanding Nigeria Real GDP is key to assessing the country's economic performance. By analyzing the data and trends, you can gain valuable insights into the growth rate, dynamics, and overall stability of Nigeria's economy. Here are a few key aspects to consider when interpreting Nigeria Real GDP:

1. Economic Growth: Nigeria Real GDP helps determine the rate at which the country's economy is expanding or contracting. Positive GDP growth indicates economic progress, while negative growth suggests a decline in economic activity.

2. Sectoral Analysis: Nigeria Real GDP data allows for analyzing the contribution of different sectors to the economy. By examining sectoral growth rates, you can identify which industries are thriving and which might require attention for further development.

3. Economic Stability: Consistency in Nigeria Real GDP growth reflects a stable and resilient economy. Fluctuations in GDP growth rates may indicate volatility, and identifying the underlying factors contributing to these changes is essential for informed decision making.

Analyzing Nigeria Real GDP Data

Our webpage presents various tools and resources for analyzing Nigeria Real GDP data. Here are some features you can explore:

1. Charts and Analytics: Visualize Nigeria Real GDP trends using interactive charts. Our analytics tools provide customizable features to help you analyze data over specific periods and compare with other economic indicators.

2. MacroVar Signals and Trends: Our advanced algorithms generate MacroVar signals and trends, offering valuable insights into the future direction of Nigeria's economy. These signals can help inform your decision-making process and identify potential opportunities or risks.

3. Historical Data Export: Download historical Nigeria Real GDP data for free to conduct further analysis in your preferred software. This feature allows for in-depth examination and correlation with other economic variables.

By utilizing the aforementioned tools, you can gain a comprehensive overview of Nigeria Real GDP and its implications for the economy.

Conclusion

Nigeria Real GDP is a crucial measure that provides valuable insights into the economic growth and stability of Nigeria. By exploring our webpage, you can access current and historical data, trends, signals, analytics, and charts to better understand the performance of Nigeria's economy. Additionally, you can export historical data for free to conduct further analysis and leverage our MacroVar signals for informed decision making. Stay updated with Nigeria Real GDP to stay informed about the country's economic health.

Nigeria Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
NSE All Share ALLSHARE 71230.5 1 1 1.60129 74.6549 0.0025 0.00165 0.06098 0.61846
Nigeria ETF NGE 7.75 -0.5 -1 -1.59522 38.6064 0.0144 0.02513 -0.07468 0.053
Nigerian Naira US Dollar (NGN/USD) NGNUSD 788.33 0 1 1.11221 50.9669 0.00169 -0.00211 0.02176 0.78683
Nigeria 10-year bond yield NG.10Y 15.433 1 1 2.13446 67.3937 0.00823 0.03251 0.04944 0.07525
Nigeria 2-Year Bond Yield NG.2Y 15.147 0 0 0 0 0 0 0 0
Nigeria Yield Curve NG.YC 0.784 -1 -1 -3.5335 29.4427 -0.73442 -0.69706 -0.59017 -0.72179
Nigeria Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade ng.balanceoftrade 1741090 -653831 -366 -2746 UP UP 3 2023-07-31
business confidence ng.bizconfidence -15.2 -1.5 913 -152 Down Down 32 2020-12-01
capacity utilization ng.caputilization 54.9 56.4 -3 37 UP UP 0 2023-06-30
cash reserve ratio ng.cashreserveratio 45 45 0 38 UP UP 99 2024-02-29
composite pmi ng.comppmi 51.1 52.7 -3 21 Down UP 97 2024-03-31
consumer confidence ng.consconfidence -14.8 -21.2 -30 -1580 Down Down 0 2020-12-31
consumer price index cpi ng.cpi 701.9 681.4 3 33 UP UP 100 2024-03-31
core inflation rate ng.coreinflationrate 25.39 24.67 3 35 UP UP 92 2024-02-29
current account ng.currentaccount 3280 2870 14 -200 UP UP 23 2023-06-30
current account to gdp ng.currentaccountgdp -0.3 -0.5 -40 -110 Down Down 0 2023-01-31
deposit interest rate ng.depositrate 7.68 7.95 -3 69 UP UP 86 2023-06-30
exports ng.exports 3026630 1878040 61 44 UP UP 72 2023-02-28
external debt ng.externaldebt 41594.5 43159.2 -4 30 UP UP 0 2023-09-30
fiscal expenditure ng.fiscalexp 4040.18 4175.35 -3 90 UP UP 0 2023-09-30
foreign exchange reserves ng.fxreserves 34260 33520 2 -4 UP Down 72 2024-03-31
gdp ng.gdp 472.62 440.84 7 17 UP UP 0 2023-01-31
Real GDP ng.realgdp 21773300 19442300 12 11 UP UP 53 2023-12-31
gdp growth ng.gdpgrowth 12 9.7 24 -1600 UP UP 0 2023-12-31
gdp growth annual ng.gdpgrowthan 3.46 2.54 36 3045 UP UP 100 2023-12-31
gold reserves ng.goldres 21.37 21.46 0 0 Down Down 51 2021-06-30
government budget ng.govbudget -6.1 -5 22 336 Down Down 0 2024-01-31
Government budget ng.govbudgetvalue -2347.16 -2665.26 -12 88 Down Down 0 2023-09-30
government debt to gdp ng.govdebtgdp 38.8 38 2 123 UP UP 0 2023-01-31
government revenues ng.govrev 1693.02 1510.09 12 70 UP UP 0 2023-09-30
imports ng.imports 1285540 2531870 -49 -37 Down Down 3 2023-02-28
industrial production ng.indproduction -9.7 15.2 -164 31 Down Down 0 2023-06-30
interest rate ng.interestrate 18.75 18.5 1 34 UP UP 85 2023-07-25
lending rate ng.lendingrate 13.85 14.07 -2 14 UP UP 91 2023-06-30
manufacturing pmi ng.manpmi 42.8 49.4 -13 -16 Down Down 18 2023-06-30
money supply m0 ng.msm0 3693570 3650500 1 276 UP UP 100 2024-02-29
money supply m1 ng.msm1 30277200 31158900 -3 44 UP UP 90 2024-02-29
money supply m2 ng.msm2 93968500 92843000 1 78 UP UP 98 2024-02-29
services pmi ng.servpmi 51.1 52.7 -3 3 UP UP 60 2023-06-30
unemployment rate ng.unemploymentrate 5 4.2 19 -64 Down Down 0 2021-06-30
youth unemployment rate ng.ytunemploymentrate 8.6 7.2 19 -66 Down Down 0 2021-09-30