Consumer Spending in Nigeria increased to 10240513.94 NGN Million in the second quarter of 2020 from 9242251.37 NGN Million in the first quarter of 2020. source: National Bureau of Statistics, Nigeria

Consumer Spending in Nigeria averaged 10141209.84 NGN Million from 2010 until 2020, 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 March of 2021.

Consumer Spending in Nigeria is expected to be 11851619.00 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 10486286.00 in 12 months time. In the long-term, the Nigeria Consumer Spending is projected to trend around 12124206.00 NGN Million in 2021 and 12451560.00 NGN Million in 2022, according to our econometric models.

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Nigeria Consumer Spending

Actual Previous Highest Lowest Dates Unit Frequency
10240513.94 9242251.37 12470076.46 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 10240513.94 9242251.37 12470076.46 7205430.82 NGN Million [+]
Disposable Personal Income 17270557.89 17362484.35 20011346.06 117513.58 NGN Million [+]
Private Sector Credit 30558793.06 30167136.44 30558793.06 440872.30 NGN Million [+]
Gasoline Prices 0.46 0.46 0.73 0.02 USD/Liter [+]