Nigeria Industrial Production Index Growth

2011 - 2024 | Quarterly | % | CEIC Data

Key information about Nigeria Industrial Production Index Growth

  • Nigeria Industrial production rose 4.1 % YoY in Jun 2024, following an increase of 3.3 % YoY in the previous quarter.
  • Nigeria Industrial production index growth rate YoY data is updated quarterly, available from Mar 2011 to Jun 2024, with an average rate of -0.5 %.
  • The data reached an all-time high of 27.6 % in Mar 2011 and a record low of -16.9 % in Dec 2016.

CEIC calculates quarterly Industrial Production Index Growth from quarterly Industrial Production Index. The Central Bank of Nigeria provides Industrial Production Index with base 2010=100.

View Nigeria's Industrial Production Index Growth from Mar 2011 to Jun 2024 in the chart:

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Nigeria Industrial Production Index Growth
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Nigeria Industrial Production Index Growth

What was Nigeria's Industrial Production Index Growth in Jun 2024?

Nigeria Industrial production rose 4.1 % YoY in Jun 2024, following an increase of 3.3 % YoY in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.1 Jun 2024 3.3 Mar 2024 -16.9 Dec 2016 27.6 Mar 2011 % quarterly Mar 2011 - Jun 2024

Industrial Production Index Growth by Country Comparison

country/region Last Frequency Range
Albania (%) -13.7 Dec 2024 quarterly Mar 2007 - Dec 2024
Algeria (%) 3.2 Sep 2024 quarterly Mar 1996 - Sep 2024
Argentina (2004=100) 110.2 Jan 2025 monthly Jan 2016 - Jan 2025
Armenia (%) -10.4 Jan 2025 monthly Jan 2008 - Jan 2025
Australia (%) -1.2 Dec 2024 quarterly Sep 1975 - Dec 2024
Austria (%) 1.1 Apr 2023 monthly Jan 1958 - Apr 2023
Azerbaijan (%) 1.1 Dec 2024 monthly Dec 2009 - Dec 2024
Bangladesh (%) 7.5 Dec 2024 monthly Jul 1974 - Dec 2024
Belarus (%) 2.9 Jan 2025 monthly Jan 2002 - Jan 2025
Belgium (%) -3.8 Apr 2023 monthly Jan 1956 - Apr 2023
Bolivia (%) -0.5 2019 yearly 1991 - 2019
Bosnia and Herzegovina (%) 0.7 Dec 2024 monthly Jan 2007 - Dec 2024
Brazil (%) 1.7 Jan 2025 monthly Jan 1986 - Jan 2025
Bulgaria (%) -10.8 Apr 2023 monthly Jan 2001 - Apr 2023
Canada (%) -0.1 Jan 2025 monthly Jan 1958 - Jan 2025
Chile (%) 2.0 Jan 2025 monthly Jan 2010 - Jan 2025
China (%) 6.2 Dec 2024 monthly Jan 1995 - Dec 2024
Colombia (%) -0.3 Dec 2024 monthly Jan 1981 - Dec 2024
Croatia (%) 0.4 May 2023 monthly Jan 1999 - May 2023
Cyprus (%) 3.3 Dec 2024 monthly Jan 2001 - Dec 2024
Czech Republic (%) -0.0 Jan 2025 monthly Jan 1999 - Jan 2025
Denmark (%) 11.3 Apr 2023 monthly Jan 2001 - Apr 2023
Ecuador (%) 30.3 Sep 2020 monthly Jan 2017 - Sep 2020
Egypt (%) 10.9 Jan 2025 monthly Aug 2004 - Jan 2025
Estonia (%) -15.1 Apr 2023 monthly Jan 1999 - Apr 2023
European Union (%) 0.6 Apr 2023 monthly Jan 1992 - Apr 2023
Finland (%) -2.4 Apr 2023 monthly Jan 1955 - Apr 2023
France (%) 2.6 May 2023 monthly Jan 1991 - May 2023
Georgia (%) -1.2 Sep 2024 quarterly Mar 2002 - Sep 2024
Germany (%) -1.5 Jan 2025 monthly Jan 1959 - Jan 2025
Greece (%) 4.2 Apr 2023 monthly Jan 1991 - Apr 2023
Hong Kong SAR, China (%) 0.9 Dec 2024 quarterly Mar 1983 - Dec 2024
Hungary (%) -4.6 May 2023 monthly Jan 1986 - May 2023
Iceland (%) 11.7 2018 yearly 2008 - 2018
India (%) 5.0 Jan 2025 monthly Apr 2006 - Jan 2025
Indonesia (%) 4.0 Dec 2024 monthly Jan 1999 - Dec 2024
Iran (%) 12.7 Mar 2017 monthly Jan 1958 - Mar 2017
Ireland (%) 27.4 Apr 2023 monthly Jul 1976 - Apr 2023
Israel (%) 10.1 Dec 2024 monthly Jan 1991 - Dec 2024
Italy (%) -7.0 Apr 2023 monthly Jan 1954 - Apr 2023
Ivory Coast (%) 0.9 Sep 2024 monthly Feb 2022 - Sep 2024
Japan (%) 2.6 Jan 2025 monthly Jan 1954 - Jan 2025
Jordan (%) 2.8 Jan 2025 monthly Jan 2003 - Jan 2025
Kazakhstan (%) 2.3 Jan 2025 monthly Feb 2001 - Jan 2025
Kenya (%) 2.8 2023 yearly 2002 - 2023
South Korea (%) 3.6 Jan 2025 monthly Jan 1958 - Jan 2025
Kuwait (%) -10.0 Mar 2017 monthly Jan 1966 - Mar 2017
Kyrgyzstan (%) 12.4 Dec 2024 monthly Jan 1999 - Dec 2024
Latvia (%) -8.7 May 2023 monthly Jan 2001 - May 2023
Lebanon (%) 10.6 2010 yearly 1998 - 2010
Lithuania (%) 8.8 Jan 2025 monthly Jan 1999 - Jan 2025
Luxembourg (%) 7.6 Dec 2024 monthly Jan 2011 - Dec 2024
Macau SAR, China (%) 37.0 Dec 2024 quarterly Mar 2001 - Dec 2024
North Macedonia (%) 1.4 Jan 2025 monthly Jan 2004 - Jan 2025
Malawi (%) 63.5 Sep 2024 monthly Jan 2014 - Sep 2024
Malaysia (%) 2.3 Jan 2025 monthly Jan 2011 - Jan 2025
Malta (%) 14.5 Apr 2023 monthly Jan 2001 - Apr 2023
Mauritius (%) -0.7 Dec 2021 quarterly Mar 2015 - Dec 2021
Mexico (%) -3.3 Oct 2024 monthly Jan 1981 - Oct 2024
Moldova (%) -3.4 Dec 2024 monthly Jan 2004 - Dec 2024
Mongolia (%) 105.6 May 2023 monthly Jan 2010 - May 2023
Montenegro (%) -3.7 Jan 2025 monthly Jan 2001 - Jan 2025
Morocco (%) 9.2 Sep 2024 quarterly Mar 1979 - Sep 2024
Mozambique (%) -2.1 Jun 2023 monthly Jun 2012 - Jun 2023
Nepal (%) 7.9 Jul 2018 quarterly Oct 2016 - Jul 2018
Netherlands (%) -12.4 Apr 2023 monthly Jan 2001 - Apr 2023
New Zealand (%) -3.7 Sep 2023 quarterly Jun 1978 - Sep 2023
Nigeria (%) 4.1 Jun 2024 quarterly Mar 2011 - Jun 2024
Norway (%) -5.1 Apr 2023 monthly Jan 1991 - Apr 2023
Oman (%) -1.9 Apr 2017 monthly Jul 1968 - Apr 2017
Pakistan (%) -1.2 Jan 2025 monthly May 1998 - Jan 2025
Palestinian Territory (%) -1.0 Jan 2025 monthly Jan 2012 - Jan 2025
Panama (%) 0.8 Dec 2021 monthly Jan 2004 - Dec 2021
Peru (%) 11.8 Dec 2024 monthly Jan 1994 - Dec 2024
Philippines (%) 3.2 Jan 2025 monthly Jan 2002 - Jan 2025
Poland (%) -2.4 May 2023 monthly Jan 1998 - May 2023
Portugal (%) -3.7 Jun 2023 monthly Jan 1996 - Jun 2023
Qatar (%) -11.2 Mar 2017 monthly Jan 1958 - Mar 2017
Romania (%) -4.7 Apr 2023 monthly Jan 2006 - Apr 2023
Russia (%) 2.2 Jan 2025 monthly Jan 2014 - Jan 2025
Saudi Arabia (%) -10.5 Dec 2023 monthly Jan 2019 - Dec 2023
Serbia (%) 0.6 May 2023 monthly Jan 2001 - May 2023
Singapore (%) 13.0 Jan 2025 monthly Jan 1984 - Jan 2025
Slovakia (%) -2.0 Apr 2023 monthly Jan 1999 - Apr 2023
Slovenia (%) -8.8 Apr 2023 monthly Dec 1992 - Apr 2023
South Africa (%) -3.5 Jan 2025 monthly Jan 1962 - Jan 2025
Spain (%) -0.1 May 2023 monthly Jan 1962 - May 2023
Sri Lanka (%) -8.2 Apr 2023 monthly Jan 2016 - Apr 2023
Sweden (%) 2.4 Apr 2023 monthly Jan 1981 - Apr 2023
Switzerland (%) -0.9 Sep 2024 monthly Oct 2010 - Sep 2024
Syria (%) -11.1 2022 yearly 1966 - 2022
Taiwan (%) 12.0 Jan 2025 monthly Jan 1997 - Jan 2025
Tajikistan (%) 15.3 Nov 2024 monthly Jan 2000 - Nov 2024
Thailand (%) -0.9 Jan 2025 monthly Jan 2012 - Jan 2025
Tunisia (%) -3.1 Dec 2024 monthly Jan 2001 - Dec 2024
Turkey (%) -0.9 Apr 2023 monthly Jan 1987 - Apr 2023
Ukraine (%) 1.3 Sep 2024 monthly Dec 2000 - Sep 2024
United Arab Emirates (%) 2.2 Mar 2017 monthly Jan 1975 - Mar 2017
United Kingdom (%) -1.8 Apr 2023 monthly Jan 1949 - Apr 2023
United States (%) 2.0 Jan 2025 monthly Jan 1920 - Jan 2025

Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Sep 2024 quarterly Dec 2010 - Sep 2024
Consolidated Fiscal Balance (USD mn) -2,078.997 Sep 2024 quarterly Mar 2005 - Sep 2024
National Government Debt (USD mn) 86,261.2 Sep 2024 quarterly Dec 2006 - Sep 2024
Government Debt: % of GDP (%) 53.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024
Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024
Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024
Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Growth Rate: MoM (%) -17.669 Sep 2024 monthly Jan 2019 - Sep 2024
Imports: Growth Rate: MoM (%) -17.535 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Sep 2024 quarterly Mar 2010 - Sep 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 4.3 Sep 2024 quarterly Mar 2010 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 43,026.6 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
External Debt: Government (USD mn) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 24,967.124 Jan 2025 monthly Nov 1992 - Jan 2025
Money Supply M2 (USD mn) 75,096.954 Jan 2025 monthly Nov 1992 - Jan 2025
M2 Growth (%) 18.3 Jan 2025 monthly Nov 1993 - Jan 2025
Reserve Requirement Ratio (%) 50.0 Feb 2025 monthly Nov 2005 - Feb 2025
Foreign Exchange Reserves (USD mn) 40,380.0 Nov 2024 monthly Jan 1960 - Nov 2024
Foreign Exchange Reserves: % of GDP (%) 18.573 Sep 2024 quarterly Dec 2010 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 14.5 Sep 2024 monthly Jan 2003 - Sep 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 67,269.4 Jan 2025 monthly Nov 1992 - Jan 2025
Domestic Credit Growth (%) -0.6 Jan 2025 monthly Nov 1993 - Jan 2025
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - Jan 2025
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 74,077,851.830 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024

More Indicators for Nigeria

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