Consumer Spending in Nigeria increased to 10134919.77 NGN Million in the second quarter of 2018 from 9693647.78 NGN Million in the first quarter of 2018. Consumer Spending in Nigeria averaged 10011346.45 NGN Million from 2010 until 2018, reaching an all time high of 12470076.46 NGN Million in the fourth quarter of 2015 and a record low of 7205430.82 NGN Million in the fourth quarter of 2011.

Consumer Spending in Nigeria is expected to be 11117306.30 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in Nigeria to stand at 11238505.87 in 12 months time. In the long-term, the Nigeria Consumer Spending is projected to trend around 11772941.87 NGN Million in 2020, according to our econometric models.

Nigeria Consumer Spending
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Forecast Data Chart
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Nigeria Consumer Last Previous Highest Lowest Unit
Consumer Confidence 1.20 4.80 9.70 -29.80 Index Points [+]
Consumer Spending 10134919.77 9693647.78 12470076.46 7205430.82 NGN Million [+]
Disposable Personal Income 16922082.90 16503258.22 19990333.51 117513.58 NGN Million [+]
Private Sector Credit 24864713.17 24896672.98 24896672.98 440872.30 NGN Million [+]
Gasoline Prices 0.47 0.47 0.73 0.02 USD/Liter [+]


Nigeria Consumer Spending

This page provides - Nigeria Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Consumer Spending - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10134919.77 9693647.78 12470076.46 7205430.82 2010 - 2018 NGN Million Quarterly
Constant Prices 2010, NSA




Country Last Previous
Argentina 500964.00 Mar/19
Australia 262566.00 Mar/19
Brazil 1111386.80 Mar/19
Canada 1177409.00 Mar/19
China 348209.60 Dec/18
Euro Area 1433.28 Mar/19
France 310707.00 Mar/19
Germany 408.97 Mar/19
India 21111.41 Mar/19
Indonesia 1442320.30 Mar/19
Italy 242896.90 Mar/19
Japan 300365.70 Mar/19
Mexico 12144804.00 Mar/19
Netherlands 82459.00 Mar/19
Russia 11314.80 Mar/19
Saudi Arabia 284833.00 Mar/19
Singapore 43858.50 Mar/19
South Africa 1946237.00 Mar/19
South Korea 220417.20 Mar/19
Spain 173667.00 Mar/19
Switzerland 93430.10 Mar/19
Turkey 236727780.80 Mar/19
United Kingdom 338901.00 Mar/19
United States 13061.63 Mar/19


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