GDP Constant Prices in Nigeria increased to 18697323.82 NGN Million in the third quarter of 2019 from 17047418.43 NGN Million in the second quarter of 2019. GDP Constant Prices in Nigeria averaged 4181197.76 NGN Million from 1981 until 2019, reaching an all time high of 19277641.99 NGN Million in the fourth quarter of 2018 and a record low of 56260.04 NGN Million in the third quarter of 1984. source: National Bureau Of Statistics, Nigeria

GDP Constant Prices in Nigeria is expected to be 16760287.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Constant Prices in Nigeria to stand at 19183454.00 in 12 months time. In the long-term, the Nigeria GDP Constant Prices is projected to trend around 20272768.00 NGN Million in 2020, according to our econometric models.

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Nigeria GDP Constant Prices

Actual Previous Highest Lowest Dates Unit Frequency
18697323.82 17047418.43 19277641.99 56260.04 1981 - 2019 NGN Million Quarterly
Constant Prices, NSA

Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 9.23 3.02 10.59 -13.97 percent [+]
GDP Annual Growth Rate 2.28 2.12 19.17 -7.81 percent [+]
GDP 397.30 375.70 568.50 4.20 USD Billion [+]
GDP Constant Prices 18697323.82 17047418.43 19277641.99 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2798505.79 2799691.71 2876293.11 17236.65 NGN Million [+]
GDP per capita 2396.30 2412.40 2563.90 1145.80 USD [+]
GDP per capita PPP 5315.82 5351.44 5687.59 2991.83 USD [+]
GDP From Agriculture 5408978.92 3857705.59 5408978.92 2594759.86 NGN Million [+]
GDP From Construction 557147.53 752833.66 752833.66 369190.91 NGN Million [+]
GDP From Manufacturing 1616584.66 1537522.17 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1806746.96 1491129.02 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 367755.38 367112.43 614330.87 307550.32 NGN Millions [+]
GDP From Services 6517283.97 6259209.21 7196009.75 4564086.31 NGN Millions [+]
GDP From Transport 261809.92 233705.81 288637.00 144848.60 NGN Millions [+]
GDP From Utilities 117091.44 64825.41 127728.46 51342.43 NGN Million [+]