Capacity Utilization in Nigeria increased to 45.40 percent in the fourth quarter of 2020 from 43.80 percent in the third quarter of 2020. source: Central Bank of Nigeria
Capacity Utilization in Nigeria averaged 54.58 percent from 2009 until 2020, reaching an all time high of 60.50 percent in the first quarter of 2015 and a record low of 40.10 percent in the second quarter of 2020. This page provides - Nigeria Capacity Utilization- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Capacity Utilization - values, historical data and charts - was last updated on May of 2021.
Capacity Utilization in Nigeria is expected to be 51.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Capacity Utilization in Nigeria to stand at 54.00 in 12 months time. In the long-term, the Nigeria Capacity Utilization is projected to trend around 54.00 percent in 2022 and 56.00 percent in 2023, according to our econometric models.