The economy of Nigeria advanced 9.23 percent on quarter in the third quarter of 2019, accelerating from an upwardly revised 3.02 percent growth in the preceding quarter. It was the fastest quarterly expansion since the third quarter of 2012.
GDP Growth Rate in Nigeria averaged 1.26 percent from 2010 until 2019, reaching an all time high of 10.59 percent in the third quarter of 2010 and a record low of -13.97 percent in the first quarter of 2016. This page provides - Nigeria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Bureau Of Statistics, Nigeria
GDP Growth Rate in Nigeria is expected to be 6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Nigeria to stand at 9.40 in 12 months time. In the long-term, the Nigeria GDP Growth Rate is projected to trend around 6.70 percent in 2020, according to our econometric models.