Capacity Utilization in Nigeria increased to 55 percent in the fourth quarter of 2018 from 54.60 percent in the third quarter of 2018. source: Central Bank of Nigeria

Capacity Utilization in Nigeria averaged 55.36 percent from 2009 until 2018, reaching an all time high of 60.50 percent in the first quarter of 2015 and a record low of 48.50 percent in the third quarter of 2016. 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 November of 2020.

Capacity Utilization in Nigeria is expected to be 43.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Capacity Utilization in Nigeria to stand at 53.00 in 12 months time. In the long-term, the Nigeria Capacity Utilization is projected to trend around 53.00 percent in 2021 and 54.00 percent in 2022, according to our econometric models.

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Nigeria Capacity Utilization

Actual Previous Highest Lowest Dates Unit Frequency
55.00 54.60 60.50 48.50 2009 - 2018 percent Quarterly

Nigeria Business Last Previous Highest Lowest Unit
Business Confidence -1.50 -17.00 41.10 -66.20 points [+]
Industrial Production -10.00 25.10 25.10 -20.40 percent [+]
Manufacturing Production -1.20 -1.90 24.60 -7.00 percent [+]
Internet Speed 3853.93 4129.28 4129.28 348.64 KBps [+]
IP Addresses 209207.00 194830.00 244394.00 29604.00 IP [+]
Services Pmi 47.60 46.80 62.30 25.30 points [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 50.20 49.40 61.10 41.10 points [+]
Mining Production -27.20 0.10 48.20 -34.10 percent [+]
Crude Oil Rigs 7.00 10.00 23.00 3.00 [+]
Ease of Doing Business 131.00 146.00 170.00 120.00 [+]
Changes In Inventories 146696.36 78347.13 178909.34 32488.05 NGN Million [+]
Competitiveness Index 48.33 47.53 48.33 3.37 Points [+]
Competitiveness Rank 116.00 115.00 127.00 94.00 [+]
Composite Pmi 53.50 52.50 59.10 37.10 points [+]
Capacity Utilization 55.00 54.60 60.50 48.50 percent [+]
Corruption Index 26.00 27.00 28.00 6.90 Points [+]
Corruption Rank 146.00 144.00 152.00 52.00 [+]