Nigeria: Household consumption
* indicates monthly or quarterly data series
The most recent value is 37757.62 billion Nigerian Naira as of Q4 2023, a decline compared to the previous value of 41828.45 billion Nigerian Naira. Historically, the average for Nigeria from Q1 2010 to Q4 2023 is 21168.48 billion Nigerian Naira. The minimum of 7896.9 billion Nigerian Naira was recorded in Q2 2010, while the maximum of 41828.45 billion Nigerian Naira was reached in Q3 2023.
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* indicates monthly or quarterly data series
- Measure: billion Nigerian Naira
- Source: National Bureau of Statistics, Nigeria
| Recent values | Nigeria: Household consumption, billion currency units |
|---|---|
| 2023 Q4 | 37757.62 |
| 2023 Q3 | 41828.45 |
| 2023 Q2 | 33483.68 |
| 2023 Q1 | 30289.75 |
| 2022 Q4 | 36031.73 |
| 2022 Q3 | 35435.35 |
| 2022 Q2 | 30486.75 |
| 2022 Q1 | 29627.55 |
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Definition: The market value of all goods and services, including durable products, purchased by households.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Household consumption | 37,757.62 | Q4/2023 | billion |
| Consumption as percent of GDP | 55.80 | Q4/2023 | percent |
| Consumption growth | 4.79 | Q4/2023 | percent |
| Investment | 26,090.66 | Q4/2023 | billion |
| Investment as percent of GDP | 38.56 | Q4/2023 | percent |
| Investment growth | 33.66 | Q4/2023 | percent |