Nigerian Gross Domestic Product Report (Expenditure and Income Approach) (Q1, Q2, Q3 & Q4 2019)
In the second quarter of 2019, Nigeria’s real GDP at basic prices grew by 2.12% on a year on year basis. Growth accelerated further in the third and fourth quarters by 2.28% and 2.55%. The steady increase in quarterly growth resulted in an annual growth rate of 2.27% for 2019, compared to 1.91% in 2018 on a year on year basis. Compared to the second quarter of 2018, the performance in 2019 indicated an increase of 0.61% points while the third and fourth quarters were 0.47% pointsand 0.17% points higher, respectively, than the corresponding quarters of 2018 .
Data source: National Bureau of Statistics