Gross Domestic Product (GDP) Nominal



Period Agriculture Manufacturing Information & Communication Finance & Insurance Real Estate
Aug 2020 31,904,140.86 16,781,064.04 15,694,006.24 4,230,923.86 8,997,602.29
Aug 2020 27,371,295.76 12,455,527.91 12,979,873.09 3,996,755.06 8,632,817.11
Aug 2020 23,952,554.20 10,044,484.95 11,717,555.46 3,835,776.76 8,591,544.09
Aug 2020 21,523,512.50 8,903,236.28 11,479,495.60 3,593,327.39 8,340,425.20
Aug 2020 19,636,969.04 8,973,773.15 10,781,076.87 3,260,496.16 8,187,548.27




Insight

Nigeria’s GDP at the current basic price stood at N144.21 trillion in nominal terms in 2019 when compared to the N127.74 trillion recorded in 2018.

This figure represents a nominal growth of 12.33% in 2019 from 12.90% growth recorded in the previous year. The nominal Gross Domestic Product stood at N39.58 trillion in the last quarter of 2019, a steady increase compared to N32.09 trillion, N35.3 trillion and N38.22 trillion recorded in Q1, Q2, and Q3 of 2019 respectively.

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