Nigeria: Consumption as percent of GDP
* indicates monthly or quarterly data series
The most recent value is 55.8 percent as of Q4 2023, a decline compared to the previous value of 67.41 percent. Historically, the average for Nigeria from Q1 2010 to Q4 2023 is 70.38 percent. The minimum of 50.26 percent was recorded in Q4 2011, while the maximum of 86.08 percent was reached in Q3 2016.
Click on the following link to see the values of: Consumption as percent of GDP around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: TheGlobalEconomy.com
| Recent values | Nigeria: Consumption as percent of GDP |
|---|---|
| 2023 Q4 | 55.8 |
| 2023 Q3 | 67.41 |
| 2023 Q2 | 63.47 |
| 2023 Q1 | 58.31 |
| 2022 Q4 | 62.36 |
| 2022 Q3 | 66.64 |
| 2022 Q2 | 67 |
| 2022 Q1 | 64.54 |
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Definition: Household Consumption as percent of GDP
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Household consumption | 41,828.45 | Q3/2023 | billion |
| Consumption as percent of GDP | 67.41 | Q3/2023 | percent |
| Consumption growth | 18.04 | Q3/2023 | percent |
| Investment | 18,513.10 | Q3/2023 | billion |
| Investment as percent of GDP | 29.83 | Q3/2023 | percent |
| Investment growth | 7.49 | Q3/2023 | percent |