Nigeria: Industrial production
* indicates monthly or quarterly data series
The most recent value is 3.76 percent as of Q4 2023, an increase compared to the previous value of -0.31 percent. Historically, the average for Nigeria from Q1 2011 to Q4 2023 is -0.08 percent. The minimum of -16.88 percent was recorded in Q4 2016, while the maximum of 27.65 percent was reached in Q1 2011.
Click on the following link to see the values of: Industrial production around the world.
Select indicator
Download data from our database
* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Bank of Nigeria
| Recent values | Nigeria: Industrial production, annual percent change |
|---|---|
| 2023 Q4 | 3.76 |
| 2023 Q3 | -0.31 |
| 2023 Q2 | -3.1 |
| 2023 Q1 | -0.49 |
| 2022 Q4 | -1.8 |
| 2022 Q3 | -10.54 |
| 2022 Q2 | -3.6 |
| 2022 Q1 | -9.71 |
Download data from our database
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 | Reference | Measure |
|---|---|---|---|
| Industrial production | 3.76 | Q4/2023 | percent |
| Business confidence survey | 19.70 | 2/2025 | points |
| Consumer confidence survey | -18.90 | Q3/2024 | points |