Consumer Spending in Nigeria increased to 12193023.60 NGN Million in the fourth quarter of 2019 from 10792568.53 NGN Million in the third quarter of 2019. source: National Bureau of Statistics, Nigeria

Consumer Spending in Nigeria averaged 10161201.20 NGN Million from 2010 until 2019, reaching an all time high of 12470076.46 NGN Million in the fourth quarter of 2015 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 October of 2020.

Consumer Spending in Nigeria is expected to be 11497013.54 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 12412498.00 in 12 months time. In the long-term, the Nigeria Consumer Spending is projected to trend around 11772941.87 NGN Million in 2021 and 12076807.00 NGN Million in 2022, according to our econometric models.

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Nigeria Consumer Spending

Actual Previous Highest Lowest Dates Unit Frequency
12193023.60 10792568.53 12470076.46 7205430.82 2010 - 2019 NGN Million Quarterly
Constant Prices 2010, NSA

Nigeria Consumer Last Previous Highest Lowest Unit
Consumer Confidence -29.20 -0.30 9.70 -29.80 points [+]
Consumer Spending 12193023.60 10792568.53 12470076.46 7205430.82 NGN Million [+]
Disposable Personal Income 19718833.62 18878061.31 20011346.06 117513.58 NGN Million [+]
Private Sector Credit 30189264.87 30189264.87 30189264.87 440872.30 NGN Million [+]
Gasoline Prices 0.40 0.39 0.73 0.02 USD/Liter [+]