Capacity Utilization in Nigeria increased to 55.80 percent in the third quarter of 2021 from 54.70 percent in the second quarter of 2021. source: Central Bank of Nigeria

Capacity Utilization in Nigeria averaged 54.61 percent from 2009 until 2021, reaching an all time high of 60.50 percent in the first quarter of 2015 and a record low of 40.10 percent in the second quarter of 2020. This page provides - Nigeria Capacity Utilization- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Capacity Utilization - values, historical data and charts - was last updated on August of 2022.

Capacity Utilization in Nigeria is expected to be 49.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Capacity Utilization is projected to trend around 54.00 percent in 2023 and 56.00 percent in 2024, according to our econometric models.

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Nigeria Capacity Utilization

Related Last Previous Unit Reference
Business Confidence -15.20 -1.50 points Dec 2020
Industrial Production -2.60 -2.20 percent Sep 2021
Manufacturing Production 4.30 3.50 percent Sep 2021
Manufacturing PMI 50.10 51.40 points Feb 2022
Services PMI 49.00 49.01 points Feb 2022
Mining Production -10.60 -12.30 percent Sep 2021
Capacity Utilization 55.80 54.70 percent Sep 2021
Leading Economic Index 45.90 45.50 percent Mar 2016