National Bureau of Statistics, Nigeria

Accommodation Services of Nigeria

Balance of Payments, BPM6, Nigeria

In May 2023, the headline inflation rate increased to 22.41% relative to April 2023 headline inflation rate which was 22.22%. Looking at the movement, the May 2023 inflation rate showed an increase of 0.19% points when compared to April 2023 headline inflation rate. Similarly, on a year-on-year basis, the headline inflation rate was 4.70% points higher compared to the rate recorded in May 2022, which was (17.71%). This shows that the headline inflation rate (year-on-year basis) increased in the month of May 2023 when compared to the same month in the preceding year (i.e., May 2022). On a year-on-year basis, the headline inflation rate was 4.70% points higher compared to the rate recorded in May 2022, which was (17.71%). This shows that the headline inflation rate (year-on-year basis) increased in the month of May 2023 when compared to the same month in the preceding year (i.e., May 2022).

Demographic Statistics of Nigeria

Employment in Micro, Macro and Medium Enterprises (MSME) of Nigeria

Nigeria Trade Statistics by Region and Major Trading Partners  

Nigeria: Gross Domestic Product (GDP) Gross Domestic Product for Nigeria  

Nigeria: Gross Domestic Product (Expenditure and Income Approach)In the first quarter of 2022, Nigeria real GDP at basic prices grew by 3.11% on a year-on-year basis showing a higher growth rate compared to the corresponding period of 2021. Growth of the Q2 of 2022 remained positive at 3.54%, though lower compared to the Q2 growth of 2021 (5.01%). However, relative to the Q1 and Q2 of 2021, the performance in 2022 indicates an increase of 2.60% points in the Q1 2022 growth rate and a decrease of 1.47% points in Q2 2022. 

Abridged Labor Force Survey Under Covid-19 

MSMEs Contribution to National GDP of Nigeria, 2013

 

Nigeria: Summary of Foreign Trade