Naira

• iso 4217: NGN
• Nigeria (Africa)

Nigeria Interest Rate

The benchmark interest rate in Nigeria was last recorded at 12 percent. Interest Rate in Nigeria is reported by the Central Bank of Nigeria. Historically, from 2007 until 2013, Nigeria Interest Rate averaged 9.10 Percent reaching an all time high of 12 Percent in May of 2013 and a record low of 6 Percent in July of 2009. 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 Interest Rate.

source: Central Bank of Nigeria

Nigeria Consumer Price Index (CPI)

Consumer Price Index (cpi) in Nigeria increased to 144.80 in April of 2013 from 144 in March of 2013. Consumer Price Index (cpi) in Nigeria is reported by the Nigeria National Bureau of Statistics. Historically, from 2004 until 2013, Nigeria Consumer Price Index (CPI) averaged 93.23 reaching an all time high of 144.80 in April of 2013 and a record low of 54 in March of 2004. In Nigeria, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. This page includes a chart with historical data for Nigeria Consumer Price Index (cpi).

source: Nigeria National Bureau of Statistics

Nigeria Inflation Rate

The inflation rate in Nigeria was recorded at 9.10 percent in April of 2013. Inflation Rate in Nigeria is reported by the Nigeria National Bureau of Statistics. Historically, from 2006 until 2013, Nigeria Inflation Rate averaged 10.61 Percent reaching an all time high of 15.60 Percent in February of 2010 and a record low of 3 Percent in July of 2006. In Nigeria, the Consumer Price Index (CPI) measures the change over time in prices of 740 goods and services consumed by people for day-to-day living. The index weights are based on expenditures of both urban and rural households in the 36 states. The most important categories in the CPI are Food and Non Alcoholic Beverages (51.8 percent of total weight); Housing, Water, Electricity, Gas and Other Fuel (16.7 percent) and Clothing and Footwear (7.7 percent). Transports account for 6.5 percent of total index and Furnishings and Household Equipment Maintenance for 5 percent. Education represents 3.9 percent of total weight, Health 3 percent, Miscellaneous Goods and Services 1.7 percent and Restaurants and Hotels 1.2 percent. Alcoholic Beverages, Tobacco and Kola account for 1.1 percent of total index, Communications for 0.7 percent and Recreation and Culture for the remaining 0.7 percent. This page includes a chart with historical data for Nigeria Inflation Rate.

source: Nigeria National Bureau of Statistics

Nigeria Industrial Production

Industrial Production in Nigeria increased 0.70 percent in the first quarter of 2013 over the same quarter in the previous year. Industrial Production in Nigeria is reported by the Central Bank of Nigeria. Historically, from 2007 until 2013, Nigeria Industrial Production averaged 3.05 Percent reaching an all time high of 14.90 Percent in December of 2011 and a record low of 0.10 Percent in June of 2007. In Nigeria, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page includes a chart with historical data for Nigeria Industrial Production.

source: Central Bank of Nigeria

Nigeria GDP Growth Rate

The Gross Domestic Product (GDP) in Nigeria expanded 6.60 percent in the first quarter of 2013 over the same quarter of the previous year. GDP Growth Rate in Nigeria is reported by the Central Bank of Nigeria. Historically, from 2005 until 2013, Nigeria GDP Growth Rate averaged 6.81 Percent reaching an all time high of 8.60 Percent in December of 2010 and a record low of 4.50 Percent in March of 2009. Nigeria is one of the most developed countries in Africa. Agriculture is the largest sector of the economy, accounting for about 42 percent of total GDP. Yet, the fastest growing segments are Wholesale and Retail Trade and Telecommunication and Post. Together they account for almost 35 percent of total output. The third largest sector is Crude Petroleum and Natural Gas which constitutes 13.5 percent of total weight, but its contribution to GDP have been decreasing over the last two years. Industry and Construction account for the remaining 9.5 percent of the GDP. This page includes a chart with historical data for Nigeria GDP Growth Rate.

source: Central Bank of Nigeria

Nigeria GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Nigeria expanded 6.60 percent in the first quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Nigeria is reported by the Central Bank of Nigeria. Historically, from 2005 until 2013, Nigeria GDP Annual Growth Rate averaged 6.82 Percent reaching an all time high of 8.60 Percent in December of 2010 and a record low of 4.50 Percent in March of 2009. In Nigeria, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page includes a chart with historical data for Nigeria GDP Annual Growth Rate.

source: Central Bank of Nigeria

Nigeria Government Debt To GDP

Nigeria recorded a Government Debt to GDP of 18.30 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Nigeria is reported by the Central Bank of Nigeria. Historically, from 2000 until 2012, Nigeria Government Debt To GDP averaged 37.82 Percent reaching an all time high of 88 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 a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Nigeria Government Debt To GDP.

source: Central Bank of Nigeria

Nigeria Current Account to GDP

Nigeria recorded a Current Account surplus of 10.80 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Nigeria is reported by the Nigeria Budget Office. Historically, from 1980 until 2012, Nigeria Current Account to GDP averaged 1.51 Percent reaching an all time high of 37.90 Percent in December of 2008 and a record low of -18.70 Percent in December of 1986. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for Nigeria Current Account to GDP.

source: Nigeria Budget Office

Nigeria Government Budget

Nigeria recorded a Government Budget surplus equal to 0.30 percent of the country's Gross Domestic Product in 2012. Government Budget in Nigeria is reported by the Nigeria Budget Office. Historically, from 2006 until 2012, Nigeria Government Budget averaged -2.44 Percent of GDP reaching an all time high of 4.60 Percent of GDP in December of 2008 and a record low of -10.40 Percent of GDP in December of 2009. 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 Government Budget.

source: Nigeria Budget Office

Nigeria Business Confidence

Business Confidence in Nigeria increased to 25.10 in the first quarter of 2013 from 10.90 in the fourth quarter of 2012. Business Confidence in Nigeria is reported by the Central Bank of Nigeria. Historically, from 2008 until 2013, Nigeria Business Confidence averaged 14.27 reaching an all time high of 41.10 in June of 2011 and a record low of -8.60 in June of 2009. In Nigeria, the Business Expectations Survey is based on a sample of 1850 companies and provides advance indication of change in the overall business activity. It is a quarterly survey of nationwide leading firms from the main sectors of the economy: Services, Industrial, Wholesale/Retail Trade and Construction. The overall index is computed as the percentage share of firms that have an “improving outlook” less percentage share of firms that have a “deteriorating outlook”. This page includes a chart with historical data for Nigeria Business Confidence.

source: Central Bank of Nigeria

Nigeria Consumer Confidence

Consumer Confidence in Nigeria increased to -2.70 in the first quarter of 2013 from -8.50 in the fourth quarter of 2012. Consumer Confidence in Nigeria is reported by the Central Bank of Nigeria. Historically, from 2009 until 2013, Nigeria Consumer Confidence averaged -6.64 reaching an all time high of 6.40 in March of 2011 and a record low of -23 in June of 2009. In Nigeria, the Consumer Expectations Survey is based on a sample of 1800 households. It provides consumers’ tendencies and expectations for general economic conditions, job opportunities, personal financial standing and market developments. The overall consumer confidence index is computed as an average of three measures: the outlook on macroeconomic conditions, family financial situation and family income. The CES is computed as the percentage share of respondents that answered positively less the percentage share of respondents that answered negatively with regard to the given indicator. This page includes a chart with historical data for Nigeria Consumer Confidence.

source: Central Bank of Nigeria

Nigeria Current Account

Nigeria recorded a Current Account surplus of 7185.14 USD Million in the fourth quarter of 2012. Current Account in Nigeria is reported by the Central Bank of Nigeria. Historically, from 2005 until 2012, Nigeria Current Account averaged 2582.09 USD Million reaching an all time high of 9455.37 USD Million in December of 2009 and a record low of -4410 USD Million in September of 2010. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for Nigeria Current Account.

source: Central Bank of Nigeria

Nigeria Balance of Trade

Nigeria recorded a trade surplus of 3.94 USD Billion in December of 2012. Balance of Trade in Nigeria is reported by the Central Bank of Nigeria, National Bureau of Statistics. Historically, from 2002 until 2012, Nigeria Balance of Trade averaged 2.25 USD Billion reaching an all time high of 6.17 USD Billion in May of 2008 and a record low of -0.36 USD Billion in June of 2003. 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 Balance of Trade.

source: Central Bank of Nigeria, National Bureau of Statistics

Nigeria Exports

Exports in Nigeria increased to 8.12 USD Billion in December of 2012 from 8.10 USD Billion in November of 2012. Exports in Nigeria is reported by the Central Bank of Nigeria. Historically, from 2002 until 2012, Nigeria Exports averaged 4.96 USD Billion reaching an all time high of 10.26 USD Billion in May of 2008 and a record low of 1 USD Billion in February of 2002. 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 Exports.

source: Central Bank of Nigeria

Nigeria Imports

Imports in Nigeria increased to 4.18 USD Billion in December of 2012 from 4.15 USD Billion in November of 2012. Imports in Nigeria is reported by the Central Bank of Nigeria, National Bureau of Statistics. Historically, from 2002 until 2012, Nigeria Imports averaged 2.72 USD Billion reaching an all time high of 7.52 USD Billion in August of 2011 and a record low of 0.47 USD Billion in December of 2002. 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 Imports.

source: Central Bank of Nigeria, National Bureau of Statistics

Nigeria GDP per capita PPP

The Gross Domestic Product per capita in Nigeria was last recorded at 2533.05 US dollars in 2011, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Nigeria, when adjusted by Purchasing Power Parity is equivalent to 12 percent of the world's average. GDP per capita PPP in Nigeria is reported by the World Bank. Historically, from 1980 until 2011, Nigeria GDP per capita PPP averaged 1291.13 USD reaching an all time high of 2533.05 USD in December of 2011 and a record low of 693.36 USD in December of 1984. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Nigeria GDP per capita PPP.

source: World Bank

Nigeria GDP per capita

The Gross Domestic Product per capita in Nigeria was last recorded at 565.99 US dollars in 2011. The GDP per Capita in Nigeria is equivalent to 5 percent of the world's average. GDP per capita in Nigeria is reported by the World Bank. Historically, from 1960 until 2011, Nigeria GDP per capita averaged 371.75 USD reaching an all time high of 565.99 USD in December of 2011 and a record low of 236.39 USD in December of 1968. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Nigeria GDP per capita.

source: World Bank

Nigeria GDP

The Gross Domestic Product (GDP) in Nigeria was worth 243.98 billion US dollars in 2011. The GDP value of Nigeria represents 0.39 percent of the world economy. GDP in Nigeria is reported by the World Bank. Historically, from 1961 until 2011, Nigeria GDP averaged 50.07 USD Billion reaching an all time high of 243.98 USD Billion in December of 2011 and a record low of 4.40 USD Billion in December of 1961. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page includes a chart with historical data for Nigeria GDP.

source: World Bank

Nigeria | Credit Rating

Standard & Poor's credit rating for Nigeria stands at BB-. Moody's rating for Nigeria sovereign debt is Ba3. Fitch's credit rating for Nigeria is BB-. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Nigeria thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Nigeria as reported by major credit rating agencies.

source:

Nigeria Population

The total population in Nigeria was last recorded at 162.5 million people in 2011 from 45.2 million in 1960, changing 260 percent during the last 50 years. Population in Nigeria is reported by the World Bank. Historically, from 1960 until 2011, Nigeria Population averaged 92.0 Million reaching an all time high of 162.5 Million in December of 2011 and a record low of 45.2 Million in December of 1960. The population of Nigeria represents 2.35 percent of the world´s total population which arguably means that one person in every 43 people on the planet is a resident of Nigeria. This page includes a chart with historical data for Nigeria Population.

source: World Bank

datas from tradingeconomics.com

22 May 2013 ► Converter Naira ► Free online currency conversion based on exchange rates. Currency converter