Nigeria — Household consumption (% of GDP)
% of GDP · Annual · 1950–2024 · 75 observations
About this series
Household final consumption expenditure records spending by households and nonprofit institutions serving households on goods and services for current use. It is a component of GDP. This series expresses the aggregate as a percentage of GDP for the matching period.
The latest household consumption reading for Nigeria was 76.7% of GDP in 2024. The previous reading was 78.1% of GDP in 2023; the period change was −1.32 percentage points. The latest reading was below the selected 10-year average of 78.9% of GDP.
Get the full series
- Annual data, 1950–2024
- Quarterly data, 2010–2024
- All 2 sources, downloadable
Latest observations
2010–2024
| Period | Value |
|---|---|
| 2024 | 76.7 % of GDP |
| 2023 | 78.1 % of GDP |
| 2022 | 77.9 % of GDP |
| 2021 | 77.1 % of GDP |
| 2020 | 75 % of GDP |
10 earlier values, back to 2010
| 2019 | 78.1 % of GDP |
| 2018 | 79.9 % of GDP |
| 2017 | 82.8 % of GDP |
| 2016 | 83.4 % of GDP |
| 2015 | 80 % of GDP |
| 2014 | 74.2 % of GDP |
| 2013 | 74.7 % of GDP |
| 2012 | 60.3 % of GDP |
| 2011 | 66.4 % of GDP |
| 2010 | 66.6 % of GDP |