Federal finance and statistics / National Bureau of Statistics

Nigerian Gross Domestic Product Report (Expenditure and Income Approach) (Q1, Q2 2022)

Executive Summary In the first quarter of 2022, Nigeria real GDP at basic prices grew by 3.11% on a year-on-year basis showing a higher growth rate compared to the corresponding period of 2021. Growth of the Q2 of 2022 remained positive at 3.54%, though lower compared to the Q2 growth of 2021 (5.01%). However, relative to the Q1 and Q2 of 2021, the performance in 2022 indicates an increase of 2.60% points in the Q1 2022 growth rate and a decrease of 1.47% points in Q2 2022. Data source : National Bureau of Statistics Download Tables INFOGRAPHICS