Nigeria - Household final consumption expenditure (annual % growth)

The value for Household final consumption expenditure (annual % growth) in Nigeria was 2.20 as of 2020. As the graph below shows, over the past 38 years this indicator reached a maximum value of 59.39 in 2001 and a minimum value of -22.89 in 1983.

Definition: Annual percentage growth of household final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1982 -11.67
1983 -22.89
1984 5.97
1985 22.79
1986 -9.35
1987 -5.59
1988 6.98
1989 -7.61
1990 23.82
1991 5.91
1992 16.93
1993 -8.24
1994 -9.85
1995 4.96
1996 19.98
1997 -3.24
1998 -0.33
1999 -8.54
2000 1.77
2001 59.39
2002 15.22
2003 10.77
2004 0.23
2005 12.75
2006 -13.72
2007 34.58
2008 -15.98
2009 22.28
2010 1.74
2011 -3.06
2012 0.01
2013 21.06
2014 0.61
2015 1.45
2016 -5.73
2017 -0.95
2018 5.22
2019 -0.99
2020 2.20

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts