Nigeria: Industrial production

* indicates monthly or quarterly data series
 Nigeria

Industrial production, annual percent change

 Latest value 3.76
 Reference Q4 2023
 Measure percent
 Data availability Q1 2011 - Q4 2023
 Average -0.08
 Min - Max -16.88 - 27.65
 Source Central Bank of Nigeria
For that indicator, we provide data for Nigeria from Q1 2011 to Q4 2023. The average value for Nigeria during that period was -0.08 percent with a minimum of -16.88 percent in Q4 2016 and a maximum of 27.65 percent in Q1 2011. Click on the following link to see the values of Industrial production, annual percent change around the world.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Industrial production - recent values

Historical chart
Nigeria - Industrial production - historical chart - 2011-2023
Measure: percent
Source: Central Bank of Nigeria


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Definition: The indicator shows the percent change in the index of industrial production from the same month last year. Industrial production includes mining and quarrying, manufacturing, and electricity production.

 Related indicators Latest value Reference Measure
 Industrial production -0.31 Q3/2023 percent
 Business confidence survey -17.00 9/2020 points
 Consumer confidence survey 6.47 Q3/2020 points
 Purchasing Managers Index (PMI), composite 51.10 9/2023 index points
 Purchasing Managers Index (PMI), manufacturing 46.90 9/2020 index points
 Purchasing Managers Index (PMI), services 41.90 9/2020 index points
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