Nigeria — Household consumption (USD)
millions of USD · 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 reports the amount in millions of US dollars.
In Nigeria, the household consumption reading was 193.44B USD in 2024, compared with 379.89B USD in 2023. The period change was −49.1%. The latest reading was below the selected 10-year average of 428.12B USD. The corresponding ratio to GDP was 76.7% in 2024.
Get the full series
- Annual data, 1950–2024
- Quarterly data, 2010–2024
- All 2 sources, downloadable
Latest observations
2010–2024
| Period | Value |
|---|---|
| 2024 | 193.44B USD |
| 2023 | 379.89B USD |
| 2022 | 501.62B USD |
| 2021 | 467.90B USD |
| 2020 | 446.27B USD |
10 earlier values, back to 2010
| 2019 | 521.55B USD |
| 2018 | 456.57B USD |
| 2017 | 405.93B USD |
| 2016 | 424.22B USD |
| 2015 | 483.85B USD |
| 2014 | 496.83B USD |
| 2013 | 435.81B USD |
| 2012 | 303.62B USD |
| 2011 | 289.08B USD |
| 2010 | 249.73B USD |