Data Release Calendar

GDP -
Gross Domestic Product (GDP) grew by 2.54% (year-on-year) in real terms in the third quarter of 2023. This growth rate is higher than the 2.25% recorded in the third quarter of 2022 and higher than the second quarter 2023 growth of 2.51%.
GDP -
Other Services real GDP grew by 0.63% (year-on-year) in Q3 2023. This growth was higher by 3.30% points than the growth recorded in the same period of the previous year, and lower by 1.06% points from Q2 2023
GDP -
Real GDP growth in the manufacturing sector in the third quarter of 2023 was 0.48% (year-on-year), higher than the same quarter of 2022 and lower than the preceding quarter by 2.39% points and 1.72% points respectively.
GDP -
In real terms, the public administration recorded a growth rate of 2.05% (year-on-year) in Q3 2023, lower by 0.27% points and lower by 0.13% points from the Q3 2022 rate and the Q2 2023 rate respectively
GDP -
The agricultural sector in the third quarter of 2023 grew by 1.30% (year-on-year) in real terms, a decrease of 0.04% points from the corresponding period of 2022, and a decrease of 0.20% points from the preceding quarter which recorded a growth rate of 1.50%. It grew on a quarter-on-quarter basis at 39.74%.
GDP -
The non-oil sector grew by 2.75% in real terms during the reference quarter (Q3 2023). This rate was lower by 1.52% points compared to the rate recorded in the same quarter of 2022 and 0.84% points lower than the second quarter of 2023.
GDP -
The real growth of the oil sector was –0.85% (year-on-year) in Q3 2023, indicating an increase of 21.83% points relative to the rate recorded in the corresponding quarter of 2022 (-22.67%).
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.