Industrial Production in Nigeria decreased 10 percent in the first quarter of 2020 over the same quarter in the previous year. source: Central Bank of Nigeria
Industrial Production in Nigeria averaged 1.20 percent from 2007 until 2020, reaching an all time high of 25.10 percent in the fourth quarter of 2019 and a record low of -20.40 percent in the first quarter of 2016. This page provides - Nigeria Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Industrial Production - values, historical data and charts - was last updated on December of 2020.
Industrial Production in Nigeria is expected to be -10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Nigeria to stand at 3.00 in 12 months time. In the long-term, the Nigeria Industrial Production is projected to trend around 1.30 percent in 2021 and 2.50 percent in 2022, according to our econometric models.