Data Release Calendar

GDP -
Nigeria Gross Domestic Product (GDP) grew by 2.51% (year-on-year) in real terms in the second quarter of 2023. This growth rate is lower than the 3.54% recorded in the second quarter of 2022 and may be attributed to the challenging economic conditions being experienced.
GDP -
Other Services’ real GDP grew by 1.69% (year-on-year) in Q2 2023. This growth was lower by 1.36% points than the growth recorded in the same period of the previous year, and higher by 21.75% points from Q1 2023.
GDP -
Real GDP growth in the manufacturing sector in the second quarter of 2023 was 2.20% (year-on-year), lower than the same quarter of 2022 and higher than the preceding quarter by 0.81% points and 0.59% points respectively.
GDP -
In real terms, the public administration sector recorded a growth rate of 2.18% (year-on-year) in Q2 2023, higher by 0.18% points and higher by 0.15% points from the Q2 2022 rate and the Q1 2023 rate respectively
GDP -
The agricultural sector in the second quarter of 2023 grew by 1.50% (year-on-year) in real terms, an increase of 0.30% points from the corresponding period of 2022, and an increase of 2.40% points from the preceding quarter which recorded a growth rate of -0.90%.
GDP -
The non-oil sector grew by 3.58% in real terms during the reference quarter (Q2 2023). This rate was lower by 1.19% points compared to the rate recorded in the same quarter of 2022 and 0.81% points higher than the first quarter of 2023.
GDP -
The real growth of the oil sector was –13.43% (year-on-year) in Q2 2023, indicating a decrease of 1.66% points relative to the rate recorded in the corresponding quarter of 2022 (-11.77%).
Capital Importation -
The total value of capital importation into Nigeria in the first quarter of 2022 stood at US$1,573.14 million from US$2,187.63 million in the preceding quarter showing a decrease of 28.09%. When compared to the corresponding quarter of 2021, capital importation decreased by 17.46% from US$1,905.89 million.