Nigeria: Consumption growth

* indicates monthly or quarterly data series
The most recent value is 4.79 percent as of Q4 2023, a decline compared to the previous value of 18.04 percent. Historically, the average for Nigeria from Q1 2011 to Q4 2023 is 11.82 percent. The minimum of -17.4 percent was recorded in Q2 2020, while the maximum of 44.73 percent was reached in Q3 2013. Click on the following link to see the values of: Consumption growth around the world.
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* indicates monthly or quarterly data series

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  • Measure: percent
  • Source: TheGlobalEconomy.com

Recent values Nigeria: Consumption growth
2023  Q4 4.79
2023  Q3 18.04
2023  Q2 9.83
2023  Q1 2.24
2022  Q4 18.77
2022  Q3 23.31
2022  Q2 24.28
2022  Q1 14.72


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Definition: The percent change in Household Consumption from the same quarter last year.

 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
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