GDP Constant Prices in Nigeria decreased to 16044513.73 NGN Million in the second quarter of 2020 from 16893269.79 NGN Million in the first quarter of 2020. source: National Bureau Of Statistics, Nigeria

GDP Constant Prices in Nigeria averaged 4435462.37 NGN Million from 1981 until 2020, reaching an all time high of 19750934.72 NGN Million in the fourth quarter of 2019 and a record low of 56260.04 NGN Million in the third quarter of 1984. This page provides - Nigeria GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria GDP Constant Prices - values, historical data and charts - was last updated on October of 2020.

GDP Constant Prices in Nigeria is expected to be 18229891.00 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 16333315.00 in 12 months time. In the long-term, the Nigeria GDP Constant Prices is projected to trend around 18992894.00 NGN Million in 2021 and 19562681.00 NGN Million in 2022, according to our econometric models.

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Nigeria GDP Constant Prices

Actual Previous Highest Lowest Dates Unit Frequency
16044513.73 16893269.79 19750934.72 56260.04 1981 - 2020 NGN Million Quarterly
Constant Prices, NSA

Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate -5.00 -14.30 10.59 -14.30 percent [+]
GDP Annual Growth Rate -6.10 1.87 19.17 -7.81 percent [+]
GDP 448.10 398.20 568.50 4.20 USD Billion [+]
GDP Constant Prices 16044513.73 16893269.79 19750934.72 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2976480.11 2565487.78 3108123.30 17236.65 NGN Million [+]
GDP per capita 2386.90 2396.00 2563.90 1145.80 USD [+]
GDP per capita PPP 5135.50 5155.10 5516.40 2901.80 USD [+]
GDP From Agriculture 3918668.40 3677153.49 5408978.92 2594759.86 NGN Million [+]
GDP From Construction 513692.43 682791.74 752833.66 369190.91 NGN Million [+]
GDP From Manufacturing 1402571.39 1615390.58 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1419038.39 1591248.22 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 374511.56 280721.30 614330.87 280721.30 NGN Millions [+]
GDP From Services 6350208.68 6477202.90 7472196.49 4564086.31 NGN Millions [+]
GDP From Transport 118654.96 296779.23 296779.23 118654.96 NGN Millions [+]
GDP From Utilities 117016.62 63971.30 127728.46 51342.43 NGN Million [+]