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Prof Econ Dataset

The document presents selected economic and financial performance indicators for Nigeria from 2023 to 2024, detailing GDP growth rates by sector, unemployment rates, and inflation rates. It includes quarterly data showing trends in oil and non-oil contributions to GDP, as well as monetary policy rates and lending rates. The information is sourced from the NBS and CBN Quarterly Statistical Bulletin.

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efayena oba
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81 views1 page

Prof Econ Dataset

The document presents selected economic and financial performance indicators for Nigeria from 2023 to 2024, detailing GDP growth rates by sector, unemployment rates, and inflation rates. It includes quarterly data showing trends in oil and non-oil contributions to GDP, as well as monetary policy rates and lending rates. The information is sourced from the NBS and CBN Quarterly Statistical Bulletin.

Uploaded by

efayena oba
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Table 1.

Nigeria: Selected Economic Performance Indicators, 2023-2024


Year Quarter GDP Contribution to Real Growth Rate by Sector Growth Rate Contribution to GDP (%)
Growth GDP (%) Year-on-Year (%)
(%) (%)
Oil Non- Agric. Industry Services Non- Oil Agric. Industr Services Manuf.
Oil oil y
2023 Q1 2.31 6.21 93.79 (0.90) 0.31 4.35 2.77 (4.21) 21.66 21.05 57.29 15.70
Q2 2.51 5.34 94.66 1.50 (1.94) 4.42 3.58 (13.43) 23.01 18.56 58.42 14.55
Q3 2.54 5.48 94.52 1.30 0.46 3.99 2.75 (0.85) 29.31 18.00 52.70 16.18
Q4 3.46 4.70 95.30 2.10 3.86 3.98 3.07 12.11 26.11 17.34 56.55 16.04
2024 Q1 2.98 6.38 93.62 0.18 2.19 4.32 2.80 5.70 21.07 20.89 58.04 14.79
Q2 3.19 5.70 94.30 1.41 3.53 3.79 2.80 10.15 22.61 18.62 58.76 12.68
Q3 3.46 5.57 94.43 1.14 2.18 5.19 3.37 5.17 28.65 17.77 53.58 14.30
Source: NBS, CBN Quarterly Statistical Bulletin (2024).

Table 2. Nigeria: Selected Financial Performance Indicators, 2023-2024


Year Quarte Unemployment Time-related Monetary Lending Inflation Rate
r (%) underemployment Policy Rate Rate* (%)
(%) (%) (%)
All Items Food Urban Rural
2023 Q1 4.1 12.2 18.00 28.08 22.04 24.45 23.07 21.09
Q2 4.2 11.8 18.50 28.94 22.79 25.25 24.33 21.37
Q3 5.0 12.3 18.75 27.24 26.72 30.64 28.68 24.94
Q4 - - 18.75 26.07 28.92 33.93 31.00 27.10
2024 Q1 5.3 10.6 24.75 29.38 33.20 40.01 35.18 31.45
Q2 4.3 9.2 26.25 29.11 34.19 40.87 36.55 32.09
Source: NBS, CBN Quarterly Statistical Bulletin (2024).
Note: * Maximum lending rate

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