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Nigeria: Household consumption

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

2024
286 trillionlocal currency
Change on 2023
+16.7%year on year
Average growth, 2014–2024
+13.8%a year
In US dollars, 2024
$193 billionUS dollars

Household consumption

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100M10B1T100T19501960197019801990200020102020NigeriaNigeria
Local currency

Compare with other countries →Definition of Household consumption

Recent values

Millions of local currency

YearValue
2024286,089,472
2023245,102,080
2022213,678,544
2021187,699,184
2020160,126,688
2019160,075,888
2018139,747,680
2017124,129,008
2016107,537,176
201593,112,176

Sources

  • Penn World Table1950–2019
  • United Nations1970–2024

Compare these sources →

Nigeria documentation (PDF)

More for Nigeria

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 67 series →

Household consumption elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

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 →

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