Nigeria - Final consumption expenditure (annual % growth)

The value for Final consumption expenditure (annual % growth) in Nigeria was 7.42 as of 2020. As the graph below shows, over the past 38 years this indicator reached a maximum value of 57.70 in 2001 and a minimum value of -22.38 in 1983.

Definition: Average annual growth of final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.

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

See also:

Year Value
1982 -11.43
1983 -22.38
1984 5.87
1985 22.26
1986 -9.10
1987 -5.41
1988 6.85
1989 -7.36
1990 23.21
1991 5.80
1992 16.62
1993 -8.03
1994 -9.61
1995 4.84
1996 19.59
1997 -3.14
1998 -0.29
1999 -8.32
2000 1.77
2001 57.70
2002 15.10
2003 10.35
2004 4.93
2005 12.63
2006 -11.16
2007 39.03
2008 -13.76
2009 18.29
2010 3.38
2011 -2.17
2012 -0.24
2013 17.24
2014 -0.10
2015 0.29
2016 -6.45
2017 -1.44
2018 7.03
2019 -0.20
2020 7.42

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts