Nigeria BIP Veränderung zum Vorjahr

Nigeria's economy expanded by 3.46% year-on-year in Q3 2024, the most since Q4 2023 and quickening from 3.19% in the previous quarter. The non-oil sector grew by 3.37%, accelerating from 2.80% in the prior period, primarily driven by the services sector, which saw a 5.19% increase and accounted for 53.58% of overall GDP. Key contributors to growth included financial and insurance services (+30.8%), information and communication (+5.9%), transportation and storage (+12.2%), trade (+0.7%), and construction (+2.9%). In the meantime, the industrial sector advanced by 2.18% and agricultural activity rose by 1.14%. Meanwhile, the all-important oil sector rose by 5.17% in Q3, following a 10.15% jump in the previous period. Average daily crude oil production reached 1.47 million barrels per day in Q3, up from 1.41 million bpd in Q2 2024 and 1.45 million bpd in the same period last year. On a quarterly basis, the GDP grew by 10% in Q3, after showing no growth in the previous quarter.