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Nominal Gross Domestic Product at Current Basic Prices - (Billion Naira)


  Year 2024
Activity Sector Q1 Q2 Q3 Q4 Annual
A. AGRICULTURE 10,137.04 11,293.99 - - -
1. Crop Production 8,918.19 9,879.61 - - -
2. Livestock 405.65 738.85 - - -
3. Forestry 93.19 114.20 - - -
4. Fishing 720.01 561.33 - - -
B. INDUSTRY 19,821.95 17,659.31 - - -
1. Mining and Quarrying 4,624.60 3,414.71 - - -
a. Crude Petroleum and Natural Gas 4,552.98 3,165.44 - - -
b. Coal Mining 2.69 6.87 - - -
c. Metal Ores 67.21 14.12 - - -
d. Quarrying and Other Minerals 1.73 228.29 - - -
2. Manufacturing 8,705.33 7,725.97 - - -
a. Oil Refining 1.49 4.21 - - -
b. Cement 1,931.11 1,500.65 - - -
c. Food, Beverage and Tobacco 2,969.36 2,951.57 - - -
d. Textile, Apparel and Footwear 1,491.38 1,273.30 - - -
e. Wood and Wood Products 175.62 203.68 - - -
f. Pulp, Paper and Paper Products 106.81 87.07 - - -
g. Chemical and Pharmaceutical Products 242.54 271.77 - - -
h. Non-Metallic Products 588.58 454.98 - - -
i. Plastic and Rubber products 294.46 266.54 - - -
j. Electrical and Electronics 5.06 5.81 - - -
k. Basic Metal, Iron and Steel 187.15 182.98 - - -
l. Motor Vehicles & Assembly 399.69 274.98 - - -
m. Other Manufacturing 312.07 248.42 - - -
3. Electricity,Gas,Steam & Air conditioner 239.70 953.06 - - -
4. Water Supply, Sewage, Waste Management 226.19 413.99 - - -
5. Construction 6,026.13 5,151.58 - - -
C. SERVICES 28,896.16 31,976.70 - - -
1. Trade 6,898.94 9,719.77 - - -
2. Accomodation and Food Services 620.50 258.48 - - -
3. Transportation and Storage 976.68 638.23 - - -
a. Road Transport 849.30 546.78 - - -
b. Rail Transport & Pipelines 0.08 0.11 - - -
c. Water Transport 2.38 3.54 - - -
d. Air Transport 95.60 42.37 - - -
e. Transport Services 17.88 39.51 - - -
f. Post and Courier Services 11.44 5.93 - - -
4. Information and Communication 7,724.35 8,644.37 - - -
a. Telecommunications and Information Services 6,243.61 6,857.91 - - -
b. Publishing 10.94 9.31 - - -
c. Motion Pictures, Sound Recording and Music Production 588.69 442.39 - - -
d. Broadcasting 881.11 1,334.76 - - -
5. Arts, Entertainment & Recreation 140.11 106.92 - - -
6. Financial and Insurance 2,994.03 3,896.38 - - -
a. Financial Institutions 2,790.14 3,580.21 - - -
b. Insurance 203.89 316.17 - - -
7. Real Estate 5,177.95 3,364.97 - - -
8. Professional, Scientific & Technical Services 1,402.73 1,778.46 - - -
9. Administrative and Support Services 7.65 11.87 - - -
10. Public Administration 710.04 1,267.66 - - -
11. Education 817.35 579.90 - - -
12. Human Health & Social Services 322.09 345.09 - - -
13. Other Services 1,103.73 1,364.59 - - -
GDP at Current Basic Prices 58,855.14 60,930.00 - - -
           
Net Taxes on Products 1,421.73 1,302.72 - - -
           
GDP at Current Market Prices 60,276.87 62,232.72 - - -
       
Coverage of Annual Nominal Gross Domestic Product commenced 1981.
Coverage of Quarterly Nominal Gross Domestic Product commenced 1st Quarter of 2010.
Choose year to display. 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981
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Facts : 1/1/1900
Development Stocks:The first development stock was issued in 1946. Central Bank of Nigeria took the responsiblity of issuing stock at its inception. The Lagos Stock Exchange (now Nigerian Stock Exchange) was set up in 1961 to take over transactions in the stocks.
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