The Gross Domestic Product (GDP) in Nigeria expanded 2.90 percent in the second quarter of 2018 over the previous quarter.
GDP Growth Rate in Nigeria averaged 1.08 percent from 2010 until 2018, reaching an all time high of 10.59 percent in the third quarter of 2010 and a record low of -13.98 percent in the first quarter of 2016.
Nigeria is one of the most developed countries in Africa. Services is the largest sector of the economy, accounting for about 50 percent of total GDP. One of the fastest growing segments in Services are Information and Communication, which together account for about 10 percent of the total output.
Agriculture, which in the past was the biggest sector, now weights around 23 percent. Crude Petroleum and Natural Gas constitute only 11 percent of total GDP, while being the main exports. Industry and Construction account for the remaining 16 percent of GDP.
This page provides – Nigeria GDP Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria GDP Growth Rate – actual data, historical chart and calendar of releases – was last updated on October of 2018.