Government Consumption in Nigeria
The Nigerian economy recorded an average growth rate of 1.0% in government consumption in the decade leading to 2022. In 2022, government consumption growth was -9.9%.
Nigeria Government Consumption Chart
Note: This chart displays Government Consumption (ann. var. %) for Nigeria from 2013 to 2023.
Source: Macrobond.
Nigeria Government Consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Government Consumption (ann. var. %) | 8.8 | 61.6 | -34.0 | -9.9 | 12.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nigerian government consumption projections for the next ten years from a panel of 7 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 government consumption forecast available for Nigerian government consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nigerian government consumption projections.
Want to get access to the full dataset of Nigerian government consumption forecasts? Send an email to info@focus-economics.com.