Federal finance and statistics / National Bureau of Statistics

Nigerian Gross Domestic Product Report (Q4 & Full Year 2018)

Overview of GDP in Q4 2018 In the fourth quarter of 2018, Nigeria's Gross Domestic Product (GDP) grew by 2.38% in real terms (yearon-year). This represents an increase of 0.27% points when compared to the fourth quarter of 2017 which recorded a growth rate of 2.11%. It also indicates a rise of 0.55% points when compared with the growth rate recorded in Q3 2018. On a quarter on quarter basis, real GDP growth was 5.31%. The fourth quarter growth performance implies that real GDP grew at an annual growth rate of 1.93% in 2018, compared to 0.82% recorded in 2017, an increase of 1.09% points. Durin…