Nigeria Final consumption expenditure (% of GDP) Forecast

Percentage

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Release date

12/1/2023

Region

Nigeria

Notes

Data from 2017-2022 is historical data, 2023-2025 are forecasts. Economic Indicators forecasts are based on the most current GDP and employment outlooks. These estimates are current (nominal) figures, not constant (real) figures. They do not account for unpredictable future declines (recessions, natural disasters, wars, etc.).

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Economic Indicators/Final consumption expenditure (% of GDP)

Methodology

Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources.

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© ForecastStats.com 2024

Additional Data

ForecastStats.com, WorldBank

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Nigeria Final consumption expenditure (% of GDP) Forecast

The Final consumption expenditure (% of GDP) in Nigeria is forecast to be 54.7 percent in 2024.


NAICS Definition

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Chart Title 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Page Organization Release Date Region Text Notes Methodology Copyright Source Additional Data Subscriber Access Filename Related Data-Percent Change 2018-2019 Related Data-Percent Change 2019-2020 Related Data-Percent Change 2020-2021 Related Data-Percent Change 2021-2022 Related Data-Percent Change 2022-2023 Related Data-Percent Change 2023-2024 Related Data-Percent Change 2024-2025 Related Data-World GDP 2018 Related Data-World GDP 2019 Related Data-World GDP 2020 Related Data-World GDP 2021 Related Data-World GDP 2022 Related Data-World GDP 2023 Related Data-World GDP 2024 Related Data-World GDP 2025 Related Data-World Inflation 2018 Related Data-World Inflation 2019 Related Data-World Inflation 2020 Related Data-World Inflation 2021 Related Data-World Inflation 2022 Related Data-World Inflation 2023 Related Data-World Inflation 2024 Related Data-World Inflation 2025 NAICS Definition
Nigeria Final consumption expenditure (% of GDP) Forecast 0 84.530147147239 82.200280335525 80.166133259886 72.618446779677 67.264933738234 64.271644186882 58.656873350716 54.663513413 51.475537310753 Economic Indicators/Final consumption expenditure (% of GDP) 12/1/2023 Nigeria The Final consumption expenditure (% of GDP) in Nigeria is forecast to be 54.7 percent in 2024. Data from 2017-2022 is historical data, 2023-2025 are forecasts. Economic Indicators forecasts are based on the most current GDP and employment outlooks. These estimates are current (nominal) figures, not constant (real) figures. They do not account for unpredictable future declines (recessions, natural disasters, wars, etc.). Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources. © ForecastStats.com 2024 ForecastStats.com, WorldBank ForecastStats.com, WorldBank Free N/A -0.024746230394065 -0.094150561755803 -0.073721117413674 -0.0445 -0.08736 -0.06808 -0.05832 86357073448746 87436705108245 84906814189240 96882397612409 1.07579183133E+14 1.13696135486E+14 1.19536705966E+14 1.2436479352E+14 2.4387365552294 2.1869015454346 1.9209680056684 3.4754032028988 8.208 5.508 5.04 4.347