Consumer Spending in Nigeria increased to 14347658.52 NGN Million in the fourth quarter of 2020 from 11759533.11 NGN Million in the third quarter of 2020. source: National Bureau of Statistics, Nigeria

Consumer Spending in Nigeria averaged 10235643.71 NGN Million from 2010 until 2020, reaching an all time high of 14347658.52 NGN Million in the fourth quarter of 2020 and a record low of 7205430.82 NGN Million in the fourth quarter of 2011. This page provides - Nigeria Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Consumer Spending - values, historical data and charts - was last updated on July of 2021.

Consumer Spending in Nigeria is expected to be 8901286.00 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 14692002.00 in 12 months time. In the long-term, the Nigeria Consumer Spending is projected to trend around 15044596.00 NGN Million in 2022 and 15435756.00 NGN Million in 2023, according to our econometric models.

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Nigeria Consumer Spending

Actual Previous Highest Lowest Dates Unit Frequency
14347658.52 11759533.11 14347658.52 7205430.82 2010 - 2020 NGN Million Quarterly
Constant Prices 2010, NSA

Nigeria Consumer Last Previous Highest Lowest Unit
Consumer Confidence -14.80 -21.20 9.70 -29.80 points [+]
Consumer Spending 14347658.52 11759533.11 14347658.52 7205430.82 NGN Million [+]
Disposable Personal Income 20329672.71 19714315.66 20329672.71 117513.58 NGN Million [+]
Private Sector Credit 32198242.36 31822919.06 32198242.36 81687.64 NGN Million [+]
Gasoline Prices 0.43 0.40 0.73 0.02 USD/Liter [+]