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