Nigeria — Final consumption
millions of NGN · Annual · 1950–2024 · 75 observations
About this series
Final consumption expenditure is spending by households, nonprofit institutions serving households and government on goods and services for current use. It is a component of GDP.
The latest final consumption reading for Nigeria was 310.55T NGN in 2024. The previous reading was 262.23T NGN in 2023; the period change was +18.4%. The latest reading was above the selected 10-year average of 185.34T NGN. The corresponding ratio to GDP was 83.3% in 2024.
Get the full series
- Annual data, 1950–2024
- Quarterly data, 2010–2025
- All 4 sources, downloadable
Latest observations
2010–2024
| Period | Value |
|---|---|
| 2024 | 310.55T NGN |
| 2023 | 262.23T NGN |
| 2022 | 227.99T NGN |
| 2021 | 203.14T NGN |
| 2020 | 180.15T NGN |
10 earlier values, back to 2010
| 2019 | 172.77T NGN |
| 2018 | 149.97T NGN |
| 2017 | 130.95T NGN |
| 2016 | 114.64T NGN |
| 2015 | 100.99T NGN |
| 2014 | 85.75T NGN |
| 2013 | 75.19T NGN |
| 2012 | 54.40T NGN |
| 2011 | 50.15T NGN |
| 2010 | 42.37T NGN |