GDP Constant Prices in Nigeria decreased to 16555183.90 NGN Million in the first quarter of 2019 from 19277641.99 NGN Million in the fourth quarter of 2018. GDP Constant Prices in Nigeria averaged 4002133.07 NGN Million from 1981 until 2019, reaching an all time high of 19277641.99 NGN Million in the fourth quarter of 2018 and a record low of 56260.04 NGN Million in the third quarter of 1984.

GDP Constant Prices in Nigeria is expected to be 16729733.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Constant Prices in Nigeria to stand at 16748393.00 in 12 months time. In the long-term, the Nigeria GDP Constant Prices is projected to trend around 20445568.00 NGN Million in 2020, according to our econometric models.

Nigeria GDP Constant Prices
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Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate -13.77 5.31 10.59 -13.97 percent [+]
GDP Annual Growth Rate 2.01 2.38 19.17 -7.81 percent [+]
GDP 375.77 404.70 568.50 4.20 USD Billion [+]
GDP Constant Prices 16555183.90 19277641.99 19277641.99 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2742192.51 2454034.29 2876293.00 17236.65 NGN Million [+]
GDP per capita 2412.41 2455.90 2563.10 1089.10 USD [+]
GDP per capita PPP 5338.45 5434.70 5671.90 2750.10 USD [+]
GDP From Agriculture 3597916.08 4978775.48 5288339.21 2594759.86 NGN Million [+]
GDP From Construction 671448.37 662431.53 747860.30 369190.91 NGN Million [+]
GDP From Manufacturing 1608461.83 1686416.37 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1500081.65 1344156.80 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 307550.32 427538.21 614330.87 307550.32 NGN Millions [+]
GDP From Services 7196009.75 6068482.62 7196009.75 4564086.31 NGN Millions [+]
GDP From Transport 288637.00 277338.67 288637.00 144848.60 NGN Millions [+]
GDP From Utilities 64825.41 127728.46 127728.46 51342.43 NGN Million [+]


Nigeria GDP Constant Prices

This page provides - Nigeria GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria GDP Constant Prices - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
16555183.90 19277641.99 19277641.99 56260.04 1981 - 2019 NGN Million Quarterly
Constant Prices, NSA




Country Last Previous
Turkey 450961520.00 Dec/18
Mexico 18614517.00 Dec/18
South Africa 3161721.00 Dec/18
Indonesia 2625042.10 Mar/19
Canada 2063439.00 Dec/18
Saudi Arabia 682514.00 Dec/18
Argentina 679263.00 Dec/18
France 575180.00 Mar/19
Japan 537613.00 Mar/19
United Kingdom 514019.00 Mar/19
Australia 461547.00 Dec/18
Italy 404077.50 Mar/19
South Korea 402678.40 Mar/19
Spain 307460.00 Mar/19
Brazil 295810.87 Dec/18
China 213433.00 Mar/19
Netherlands 188293.60 Mar/19
Switzerland 175308.33 Dec/18
Singapore 117673.00 Mar/19
India 35001.62 Dec/18
Russia 24553.50 Dec/18
United States 18912.33 Mar/19
Euro Area 2662.19 Mar/19
Germany 747.94 Mar/19


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