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Nigeria: Total consumption

Millions of local currency · 1950–2024 · 75 observations · cons

2024
311 trillionlocal currency
Change on 2023
+18.4%year on year
Average growth, 2014–2024
+13.7%a year
In US dollars, 2024
$210 billionUS dollars

Total consumption

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100M10B1T100T19501960197019801990200020102020NigeriaNigeria
Local currency

Compare with other countries →Definition of Total consumption

Recent values

Millions of local currency

YearValue
2024310,500,000
2023262,200,000
2022228,000,000
2021203,100,000
2020180,200,000
2019172,800,000
2018150,000,000
2017131,000,000
2016114,600,000
2015101,000,000

Sources

  • Penn World Table1950–2019
  • WDI (archive)1960–1997
  • United Nations1970–2024
  • IMF International Financial Statistics2010–2023

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms