Nominal GDP in local currency (units of local currency; seasonally unadjusted) - Nigeria - IMF - Quarterly
This series is part of the dataset: Nominal GDP by country (IMF)
Download Full Dataset (.xlsx)Latest updates. In Nigeria, seasonally-unadjusted nominal GDP was 62,232,719,777,461 units of local currency in 2024-Q2, compared to 60,276,874,107,435 in 2024-Q1. This constitutes a rise of 3.24 percent.
Sample. There are 58 observations in the quarterly time series shown in the figure above. The time period covered by the series stretches from March 2010 to June 2024.
History. Here’s a quick look at a few simple statistics we computed on the whole sample: GDP was equal on average to 31,718,796,458,350 units of local currency; it recorded its highest level of 67,668,484,205,273 in December 2023; it hit a trough of 12,790,378,370,741 in March 2010.
Latest values
| Date | Value - Units of local currency |
|---|---|
| 2023-12-31 | 67668484205272.6 |
| 2024-03-31 | 60276874107434.9 |
| 2024-06-30 | 62232719777460.9 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Gross Domestic Product (GDP) in domestic currency |
| Country | Nigeria |
| Economic concept | Flow |
| Data type | Nominal aggregate |
| Seasonally adjusted | No |
| Deflation method | Current prices |
| Rescaling | None |
| Measure type | Level |
| Frequency | Quarterly |
| Unit | Units of local currency |
| Source | International Monetary Fund |
| Source type | International organization |
| Data licence | Free reuse subject to conditions |
| Other information | Not available |
| FSR temporal aggregation code | SM03 |
Series in the same data set
Discover the other time series included in this data set.