Table of Contents

    The Economy of Nigeria

    📊Economic Indicators

    Major Indicators

    Nigeria
    Global Median

    Latest Indicator Releases

    Mar 18, 2023LatestPrevious
    Inflation21.9121.82
    Mar 17, 2023LatestPrevious
    Consumer Price Index (CPI)517.38508.69
    Mar 7, 2023LatestPrevious
    Real GDP Growth3.6402.380
    GDP57.78k53.18k
    Mar 4, 2023LatestPrevious
    Purchasing Managers Index Composite (PMI)44.7053.50
    Mar 2, 2023LatestPrevious
    Exchange Rate460.24453.88
    Mar 1, 2023LatestPrevious
    Money Supply52.97k51.75k
    Feb 21, 2023LatestPrevious
    Foreign Exchange Reserves36.6138.46
    Feb 17, 2023LatestPrevious
    Inflation21.8221.34
    Consumer Price Index (CPI)508.69499.36

    🔁Trade

    Source: United Nations

    Trade Balance

    Imports
    Exports

    Major Trade Partners

    Country
    Trade Value
    % of Trade
    Import Value
    Export Value
    Balance
    		Region
    China$15.91b30.56$12.88b$3.03b-$9.84bAsia
    India$13.76b26.42$4.60b$9.16b$4.56bAsia
    Netherlands$8.19b15.72$5.35b$2.84b-$2.52bEurope
    Spain$7.38b14.18$688.62m$6.69b$6.00bEurope
    United States$6.75b12.97$3.18b$3.58b$396.78mNorth America
    France$4.58b8.8$1.18b$3.41b$2.23bEurope
    Belgium$4.03b7.74$3.78b$247.98m-$3.53bEurope
    Italy$2.94b5.64$1.06b$1.88b$825.49mEurope
    South Africa$2.77b5.32$530.20m$2.24b$1.71bAfrica
    South Korea$2.45b4.71$1.48b$974.12m-$505.73mAsia

    🗞News

    Nigeria's Economy
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