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• iso 4217: NGN
• Nigeria (Africa)

Nigeria Inflation Rate

The inflation rate in Nigeria was last reported at 12.1 percent in March of 2012. This page includes a chart with historical data for Nigeria's Inflation Rate.

source: Central Bank of Nigeria

Nigeria Interest Rate

The benchmark interest rate in Nigeria was last reported at 12 percent. In Nigeria, interest rate decisions are taken by The Central Bank of Nigeria. The official interest rate is the Monetary Policy Rate (MPR). This page includes a chart with historical data for Nigeria's Interest Rate.

source: Central Bank of Nigeria

Nigeria GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Nigeria expanded 7.7 percent in the fourth quarter of 2011 over the same quarter, previous year. Unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. Historically, from 2005 until 2010, Nigeria's average annual GDP Growth was 6.71 percent reaching an historical high of 8.29 percent in December of 2010 and a record low of 4.50 percent in March of 2009. This page includes: Nigeria Annual GDP Growth Rate chart, historical data, forecasts and news. Data is also available for Nigeria GDP Quarterly Growth Rate, which measures growth over the previous quarter.

source: National Bureau of Statistics

Nigeria Current Account

Nigeria reported a current account surplus equivalent to 8140 Million USD in the second quarter of 2011. This page includes a chart with historical data for Nigeria's Current Account.

source: Central Bank of Nigeria

Nigeria Balance of Trade

Nigeria reported a trade surplus equivalent to 9.2 Billion USD in December of 2011. Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 95% of total exports. Nigeria's main exports partners are: USA (30% of total in 2009), Equatorial Guinea (8%), Brazil (6.6%), France (6%) and India (6%). Nigeria imports mainly: industrial supplies (32% of total), transport equipment and parts (23%), capital goods (24%), food and beverage (11%) and consumer goods. Main import partners are: China (17% of total), Albania (11.3%), United States (7.5%), France and Belgium. This page includes a chart with historical data for Nigeria's Balance of Trade.

source: Central Bank of Nigeria, National Bureau of Statistics

Nigeria Imports

Nigeria's imports were worth 3.35 Billion USD in December of 2011. Nigeria imports mainly: industrial supplies (32% of total), transport equipment and parts (23%), capital goods (24%), food and beverage (11%) and consumer goods. Main import partners are: China (17% of total), Albania (11.3%), United States (7.5%), France and Belgium. This page includes a chart with historical data for Nigeria's Imports.

source: Central Bank of Nigeria, National Bureau of Statistics

Nigeria Exports

Nigeria's exports were worth 17 Billion USD in December of 2011. Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 95% of total exports. Nigeria's main exports partners are: USA (30% of total in 2009), Equatorial Guinea (8%), Brazil (6.6%), France (6%) and India (6%). This page includes a chart with historical data for Nigeria's exports.

source: Central Bank of Nigeria, National Bureau of Statistics

Nigeria Unemployment Rate

The unemployment rate in Nigeria was last reported at 23.9 percent in 2011. This page includes a chart with historical data for Nigeria's Unemployment Rate.

source: National Bureau of Statistics

Nigeria GDP Growth Rate

The Gross Domestic Product (GDP) in Nigeria expanded 7.7 percent in the fourth quarter of 2011 over the same quarter, previous year. Historically, from 2005 until 2010, Nigeria's average quarterly GDP Growth was 6.71 percent reaching an historical high of 8.29 percent in December of 2010 and a record low of 4.50 percent in March of 2009. Nigeria is one of the most developed economies in Africa. The petroleum industry provides 95% of foreign trade earnings and about 80% of budget revenues. Yet, agriculture is the main source of revenue for two-thirds of the population. Still, more than 50% of Nigerians live in poverty with corruption and poor infrastructure as the main obstacles for future sustainable development. This page includes: Nigeria GDP Growth Rate chart, historical data, forecasts and news. Data is also available for Nigeria GDP Annual Growth Rate, which measures growth over a full economic year.

source: National Bureau of Statistics

Nigeria GDP per capita

The GDP per capita in Nigeria was last reported at 540 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita in Nigeria standed at 514 US dollars in December of 2009. The GDP per capita in Nigeria is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Historically, from 1960 until 2010, Nigeria's average GDP Per Capita was 367.94 dollars reaching an historical high of 540.34 dollars in December of 2010 and a record low of 236.39 dollars in December of 1968. This page includes a chart with historical data for Nigeria's GDP Per Capita.

source: World Bank

Nigeria GDP per capita PPP

The GDP per capita, adjusted by purchasing power parity, in Nigeria was last reported at 2381 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita PPP in Nigeria standed at 2245 US dollars in December of 2009. The GDP per capita PPP in Nigeria is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. Historically, from 1980 until 2010, Nigeria's average GDP per capita PPP was 1252.91 dollars reaching an historical high of 2380.62 dollars in December of 2010 and a record low of 700.03 dollars in December of 1984. This page includes a chart with historical data for Nigeria's GDP per capita PPP.

source: World Bank

Nigeria Population

The total population in Nigeria was last reported at 158.3 million people in 2010 from 45.2 million in 1960, changing 251 percent during the last 50 years. Nigeria has 2.29 percent of the world´s total population which means that one person in every 44 people on the planet is a resident of Nigeria. This page includes a chart with historical data for Nigeria's Total Population.

source: World Bank

Nigeria Government Debt To GDP

The Government Debt in Nigeria was last reported at 16.4 percent of the country´s GDP. From 2000 until 2010, Nigeria's average Government Debt to GDP was 41.27 percent reaching an historical high of 88.00 percent in December of 2001 and a record low of 11.60 percent in December of 2008. Generally, Government debt as a percent of GDP is used by investors to measure Nigeria's ability to make future payments on its debt, thus affecting Nigeria's borrowing costs and government bond yields. This page includes a chart with historical data for Nigeria's General Government Gross Debt as a percent of GDP.

source: International Monetary Fund

Nigeria Government Budget

Nigeria is expected to report a government budget deficit equivalent to 3.3 percent of the Gross Domestic Product (GDP) in 2010. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.This page includes a chart with historical data for Nigeria's Government Budget.

source: Nigeria Budget Office

Nigeria GDP

Nigeria Gross Domestic Product is worth 194 billion dollars or 0.31% of the world economy, according to the World Bank. Historically, from 1980 until 2010, Nigeria's average Gross Domestic Product was 63.87 billion dollars reaching an historical high of 207.12 billion dollars in December of 2008 and a record low of 15.79 billion dollars in December of 1993. Nigeria is one of the most developed economies in Africa. The petroleum industry provides 95% of foreign trade earnings and about 80% of budget revenues. Yet, agriculture is the main source of revenue for two-thirds of the population. Still, more than 50% of Nigerians live in poverty with corruption and poor infrastructure as the main obstacles for future sustainable development. This page includes: Nigeria GDP chart, historical data, forecasts and news.

source: IMF

datas from tradingeconomics.com

21 May 2012 ► Converter Naira ► Free online currency conversion based on exchange rates. Currency converter