Capacity Utilization in Nigeria decreased to 51.30 percent in the second quarter of 2022 from 55.40 percent in the first quarter of 2022. source: Central Bank of Nigeria

Capacity Utilization in Nigeria averaged 54.57 percent from 2009 until 2022, 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 March of 2023.

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 52.00 percent in 2024 and 53.00 percent in 2025, 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 -7.20 -9.70 percent Jun 2022
Manufacturing Production 9.40 5.90 percent Jun 2022
Manufacturing PMI 47.40 47.80 points Nov 2022
Services PMI 47.80 51.40 points Nov 2022
Mining Production -4.80 27.50 percent Jun 2022
Capacity Utilization 51.30 55.40 percent Jun 2022
Leading Economic Index 45.90 45.50 percent Mar 2016