Exports in Nigeria
The Nigerian economy recorded an average growth rate of 4.0% in exports in the decade to 2022, significantly above the 0.5% average for Sub-Saharan Africa. In 2022, exports growth was 69.1%. For more exports information, visit our dedicated page.
Nigeria Exports Chart
Note: This chart displays Exports (G&S, ann. var. %) for Nigeria from 2013 to 2023.
Source: Macrobond.
Nigeria Exports Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exports (G&S, ann. var. %) | 15.0 | -33.4 | -32.1 | 69.1 | 28.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nigerian exports projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exports forecast available for Nigerian exports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nigerian exports projections.
Want to get access to the full dataset of Nigerian exports forecasts? Send an email to info@focus-economics.com.