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
- 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 |