Consumer Spending in Nigeria increased to 11018143.01 NGN Million in the fourth quarter of 2017 from 10114112.76 NGN Million in the third quarter of 2017. Consumer Spending in Nigeria averaged 10025194.11 NGN Million from 2010 until 2017, 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.

Consumer Spending in Nigeria is expected to be 11128324.00 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 11348687.00 in 12 months time. In the long-term, the Nigeria Consumer Spending is projected to trend around 12156998.00 NGN Million in 2020, according to our econometric models.

Nigeria Consumer Spending
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Forecast Data Chart
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Nigeria Consumer Last Previous Highest Lowest Unit
Consumer Confidence 9.70 1.50 9.70 -29.80 Index Points [+]
Consumer Spending 11018143.01 10114112.76 12470076.46 7205430.82 NGN Million [+]
Disposable Personal Income 19838426.72 19664055.91 19990333.51 117513.58 NGN Million [+]
Private Sector Credit 24163429.75 22960734.58 24163429.75 440872.30 NGN Million [+]
Gasoline Prices 0.47 0.47 0.73 0.02 USD/Liter [+]


Nigeria Consumer Spending

This page provides - Nigeria Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Consumer Spending - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
11018143.01 10114112.76 12470076.46 7205430.82 2010 - 2017 NGN Million Quarterly
Constant Prices 2010, NSA




Country Last Previous
Argentina 459458.00 Dec/18
Australia 261905.00 Dec/18
Brazil 1157083.52 Dec/18
Canada 1166783.00 Dec/18
China 317509.70 Dec/17
Euro Area 1424.12 Dec/18
France 308679.00 Dec/18
Germany 402.98 Dec/18
India 20671.40 Dec/18
Indonesia 1441814.00 Dec/18
Italy 242630.50 Dec/18
Japan 300989.90 Dec/18
Mexico 12817024.00 Dec/18
Netherlands 82475.00 Dec/18
Russia 12811.80 Dec/18
Saudi Arabia 282278.00 Dec/18
Singapore 38550.50 Dec/18
South Africa 1950359.00 Dec/18
South Korea 193328.70 Dec/18
Spain 173459.00 Dec/18
Switzerland 93004.10 Dec/18
Turkey 257299893.30 Dec/18
United Kingdom 336990.00 Dec/18
United States 13032.30 Dec/18


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