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Real Gross Domestic Product (Billion Naira)


  Year 2023
Activity Sector Q1 Q2 Q3 Q4 Annual
A. AGRICULTURE 3,844.85 4,077.72 5,698.27 5,685.66 19,306.49
1. Crop Production 3,457.23 3,661.39 5,270.72 5,196.08 17,585.43
2. Livestock 221.13 275.52 306.48 337.11 1,140.24
3. Forestry 44.68 52.24 49.13 53.77 199.83
4. Fishing 121.80 88.56 71.95 98.70 381.00
B. INDUSTRY 3,735.98 3,289.15 3,498.69 3,774.65 14,298.47
1. Mining and Quarrying 1,111.85 988.36 1,096.17 1,070.12 4,266.50
a. Crude Petroleum and Natural Gas 1,102.44 946.74 1,064.78 1,024.21 4,138.16
b. Coal Mining 1.63 4.04 0.49 1.09 7.25
c. Metal Ores 7.42 2.08 4.08 0.94 14.53
d. Quarrying and Other Minerals 0.36 35.50 26.83 43.88 106.57
2. Manufacturing 1,797.29 1,528.01 1,636.75 1,792.91 6,754.96
a. Oil Refining 1.06 1.82 1.46 2.85 7.19
b. Cement 191.78 148.54 198.87 178.06 717.25
c. Food, Beverage and Tobacco 910.12 792.98 802.11 897.36 3,402.58
d. Textile, Apparel and Footwear 329.87 270.93 294.58 351.18 1,246.56
e. Wood and Wood Products 55.23 45.46 51.45 46.48 198.62
f. Pulp, Paper and Paper Products 13.59 9.84 11.75 12.58 47.76
g. Chemical and Pharmaceutical Products 45.41 50.40 54.88 50.03 200.72
h. Non-Metallic Products 65.06 50.30 59.75 57.84 232.96
i. Plastic and Rubber products 60.73 54.42 50.27 62.38 227.80
j. Electrical and Electronics 0.83 0.93 1.15 1.27 4.18
k. Basic Metal, Iron and Steel 39.75 38.18 39.71 45.76 163.40
l. Motor Vehicles & Assembly 10.04 7.33 7.34 8.12 32.83
m. Other Manufacturing 73.81 56.86 63.42 79.00 273.09
3. Electricity,Gas,Steam & Air conditioner 35.83 126.04 72.53 117.54 351.94
4. Water Supply, Sewage, Waste Management 41.23 73.69 39.41 37.67 192.00
5. Construction 749.76 573.06 653.83 756.41 2,733.06
C. SERVICES 10,169.24 10,352.47 10,245.32 12,312.96 43,079.98
1. Trade 2,835.34 2,976.15 2,954.18 3,375.71 12,141.37
2. Accomodation and Food Services 179.63 70.48 140.52 172.52 563.16
3. Transportation and Storage 209.38 157.03 163.54 240.17 770.12
a. Road Transport 164.16 131.81 120.06 193.41 609.44
b. Rail Transport & Pipelines 0.02 0.02 0.03 0.10 0.17
c. Water Transport 0.95 1.10 1.93 1.48 5.47
d. Air Transport 30.17 10.11 22.60 22.52 85.41
e. Transport Services 7.66 11.52 16.58 17.51 53.27
f. Post and Courier Services 6.41 2.47 2.34 5.14 16.36
4. Information and Communication 3,101.31 3,462.42 3,105.77 3,628.50 13,297.99
a. Telecommunications and Information Services 2,508.61 2,845.09 2,625.13 3,049.04 11,027.87
b. Publishing 5.58 4.78 5.03 5.39 20.78
c. Motion Pictures, Sound Recording and Music Production 235.83 154.43 206.04 208.70 805.01
d. Broadcasting 351.28 458.12 269.56 365.37 1,444.34
5. Arts, Entertainment & Recreation 54.69 36.60 38.52 45.02 174.83
6. Financial and Insurance 949.11 932.82 847.28 1,078.60 3,807.82
a. Financial Institutions 870.82 846.77 771.06 1,014.15 3,502.80
b. Insurance 78.30 86.04 76.22 64.46 305.02
7. Real Estate 943.07 937.72 1,084.24 1,318.61 4,283.65
8. Professional, Scientific & Technical Services 577.74 541.13 625.17 714.50 2,458.54
9. Administrative and Support Services 3.23 3.61 4.35 4.05 15.24
10. Public Administration 289.34 383.79 397.17 456.51 1,526.81
11. Education 335.47 235.13 322.35 445.46 1,338.40
12. Human Health & Social Services 129.11 133.84 137.67 144.13 544.76
13. Other Services 561.82 481.73 424.56 689.17 2,157.29
GDP at 2010 Constant Basic Prices 17,750.06 17,719.34 19,442.28 21,773.26 76,684.94
           
Net Taxes on Products 244.22 221.72 447.37 337.85 1,251.16
           
GDP at 2010 Constant Market Prices 17,994.28 17,941.05 19,889.65 22,111.12 77,936.10
       
Coverage of Annual Real Gross Domestic Product commenced 1981.
Coverage of Quarterly Real Gross Domestic Product commenced 1st Quarter of 2010.
Choose year to display. 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981
Export to Excel Export Real GDP

Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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