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Nigeria: Household consumption (% of GDP)

Percent of GDP · 1950–2024 · 75 observations · hcons_GDP

2024
76.7%percent of GDP
Change on 2023
−1.3 pointsfrom 78.1%
Average, 2015–2024
78.9%10 years
Record high and low
83.4% (2016)low 8.54% (1977)

Household consumption (% of GDP)

Report error
0%10%20%30%40%50%60%70%80%90%19501960197019801990200020102020NigeriaNigeria
Percent of GDP

Compare with other countries →Definition of Household consumption (% of GDP)

Recent values

Percent of GDP

YearValue
202476.7
202378.1
202277.9
202177.1
202075.0
201978.1
201879.9
201782.8
201683.4
201580.0

Sources

This series is derived from other GMD variables.

Nigeria documentation (PDF)

More for Nigeria

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

Household consumption (% of GDP) elsewhere

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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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