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Nigeria Gross Domestic Product (GDP) YoY

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Nigeria Gross Domestic Product (GDP) YoY

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Latest Release
Aug 26, 2024
Actual
3.19%
Previous
2.98%
Gross National Product and Gross Domestic Product is the total value of the finished goods and services produced in the economy. It is not a precise measure of national economic well-being but expressed in volume (adjusted for inflation) it is the closest single number we have got to such a measure. It is the sum of Final expenditures, Export of goods and services, Imports of goods and services, Private Consumption, Government Consumption, Gross Fixed Capital Formation and Increases/Decreases(-) in stocks. The difference between Gross National Product and Gross Domestic Product is the Net Factor Income/Payments abroad. The data are seasonally and calender adjusted.
Importance:
Country:
Currency: NGN
Source: National Bureau of Statistics
Nigeria Gross Domestic Product (GDP) YoY
 
Release Date Time Actual Forecast Previous
Nov 25, 2024 (Q3) 08:00     3.19%
Aug 26, 2024 (Q2) 07:30 3.19%   2.98%
May 24, 2024 (Q1) 05:25 2.98%   3.46%
Feb 22, 2024 07:00 3.46% 2.40% 2.54%
Nov 24, 2023 (Q3) 06:30 2.54%   2.51%
Aug 25, 2023 07:40 2.51% 2.30% 2.31%

GDP (YoY) Discussion

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