Consumer Spending in Nigeria decreased to 10042167.83 NGN Million in the first quarter of 2019 from 12062230.16 NGN Million in the fourth quarter of 2018. Consumer Spending in Nigeria averaged 10107679.56 NGN Million from 2010 until 2019, 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. source: National Bureau of Statistics, Nigeria

Consumer Spending in Nigeria is expected to be 10157653.00 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 10303264.00 in 12 months time. In the long-term, the Nigeria Consumer Spending is projected to trend around 10888325.00 NGN Million in 2020, according to our econometric models.

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Nigeria Consumer Spending

Actual Previous Highest Lowest Dates Unit Frequency
10042167.83 12062230.16 12470076.46 7205430.82 2010 - 2019 NGN Million Quarterly
Constant Prices 2010, NSA

Nigeria Consumer Last Previous Highest Lowest Unit
Consumer Confidence 3.30 3.80 9.70 -29.80 points [+]
Consumer Spending 10042167.83 12062230.16 12470076.46 7205430.82 NGN Million [+]
Disposable Personal Income 17580757.16 20011346.06 20011346.06 117513.58 NGN Million [+]
Private Sector Credit 26412742.87 25797653.23 26412742.87 440872.30 NGN Million [+]
Gasoline Prices 0.47 0.47 0.73 0.02 USD/Liter [+]