Economic Indicators for NG | Sigmanomics | Sigmanomics

Economic Indicators for NG

Indicator	Last	Previous	Highest	Lowest	Unit
Stanbic IBTC Bank Nigeria PMI	54.3	52.5	54.3	52.5
Foreign Exchange Reserves	53.31	51.92	53.31	51.29
Interest Rate Decision	23	26.5	26.5	23	%
Inflation Rate YoY	15.39	15.43	15.91	15.39	%
Food Inflation YoY	19.57	20.31	20.31	17.52	%
GDP Growth Rate YoY	4.43	3.89	4.43	2.83	%
Gross Domestic Product YoY	4.43	3.89	4.43	2.83	%
CPI YoY	15.43	15.91	15.91	15.43	%
Real interest rate (%)	1.23	1.23	18.18	0.92	%
GDP growth (annual %)	2.86	2.86	8.04	-1.79	B
Lending interest rate (%)	14.01	14.01	18.99	11.48	%
Labor force, total	78812242	78812242	78812242	52996739
GDP (current US$)	362814951696.07	362814951696.07	574183763411.51	295008835381	B
Current account balance (% of GDP)	1.66	1.66	8.59	-3.7	B
Consumer price index (2010 = 100)	524.91	524.91	524.91	78.12
Population, total	223804632	223804632	223804632	156595758
Inflation, consumer prices (annual %)	24.66	24.66	24.66	8.05	%
New businesses registered (number)	136961	136961	136961	64017
Fertility rate, total (births per woman)	5.14	5.14	6.08	5.14	%
Unemployment with advanced education (% of total labor force with advanced education)	6.72	6.72	17.15	6.72	%
Unemployment, total (% of total labor force) (national estimate)	3.82	3.82	10.7	3.71	%
Physicians (per 1,000 people)	0.4	0.4	0.44	0.37
Primary government expenditures as a proportion of original approved budget (%)	98.73	98.73	106.17	78.32
Armed forces personnel, total	223000	223000	223000	162000
Human Capital Index (HCI) (scale 0-1)	0.36	0.36	0.36	0.34
Time required to build a warehouse (days)	104.79	104.79	104.79	104.79
Time required to start a business (days)	7.2	7.2	30.3	7.2