Federal finance and statistics / National Bureau of Statistics

Nigerian Gross Domestic Product Report (Expenditure and Income Approach) (Q1, Q2 2023)

Summary In the first quarter of 2023, Nigeria's real GDP at basic prices grew by 2.31% on a year-on-year basis, showing a lower growth rate compared to the corresponding quarter of 2022 which was 3.11%. Growth of Q2 of 2023 GDP remained positive at 2.51%, yet lower compared to the Q2 of 2022 (3.54%). However, relative to Q1 and Q2 of 2022, the performances in 2023 indicate a decrease of 0.80% points in the Q1 of 2023 growth rate and a fall of 1.03% points in Q2 of 2023. Data source : National Bureau of Statistics Download Tables INFOGRAPHICS