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Nigeria announcement

Nigeria Gross Domestic Product (GDP) Growth 2022-05-16 10:00 Africa/Lagos: data, chart, and analysis

Nigeria Gross Domestic Product (GDP) Growth came in at 3.601 on May 16, 2022, compared with 4.642 previously. See the full release history, chart, Central Bank of Nigeria context, and API access for this series.

Back to Gross Domestic Product (GDP) Growth API reference
Actual
3.601
Previous
4.642
Forecast
--
Reference period
2022-03-31

Last updated:

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Nigeria Gross Domestic Product (GDP) Growth release chart

Market context, recent readings, and scenario notes for this announcement.

Nigeria Gross Domestic Product (GDP) Growth chart through 2022-03-31
NGN Gross Domestic Product (GDP) Growth readings through 2022-03-31. Latest: 3.601.

Gross Domestic Product (GDP) Growth release read

Nigeria Gross Domestic Product (GDP) Growth came in at 3.601 on May 16, 2022, compared with 4.642 previously. See the full release history, chart, Central Bank of Nigeria context, and API access for this series.

The parent Gross Domestic Product (GDP) Growth page shows the full time series for Nigeria. This release page keeps the realised value, prior value, forecast, reference period, and publication time together for the individual announcement.

For NGN event-risk work, the important read is whether this print changes the recent trend or simply extends it. Compare the actual value with the previous and forecast fields above, then use the raw JSON below for backtests keyed to the stable announcement ID.

Release data snapshot

The values below are the citation fields for this announcement.

Public release ID ngn_gdp_2022-05-16
API announcement ID ngn_gdp_2022-03-31
Release time
2022-05-16 09:00 UTC
Reference period date 2022-03-31
Actual value 3.601
Previous value 4.642
Forecast --
Surprise --
Announcement timestamp 1652691600

API data for this announcement

The API endpoint returns the full Nigeria Gross Domestic Product (GDP) Growth history. Clients can filter by date or match this row by announcement_id.

Forecasts live in the predictions endpoint and use the same announcement identifier where available. That is the preferred join key for realised values, forecast surprises, and release-event backtests.

More Nigeria Gross Domestic Product (GDP) Growth releases

Move through adjacent announcement records for the same series.

Newer release

2022-08-15 10:00 Africa/Lagos · 3.395

Older release

2022-02-14 10:00 Africa/Lagos · 4.642

Related Nigeria indicators

Continue from this release into adjacent macro series for the same country.

Business Confidence

Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.

Consumer Confidence

Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.

Core Inflation

CPI excluding volatile items like food and energy.

Current Account Balance

Measures trade in goods and services and income flows.

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Common questions about this release

The value, its publication time, the next scheduled date, and the official publisher for Nigeria Gross Domestic Product (GDP) Growth.

What did Nigeria Gross Domestic Product (GDP) Growth come in at, and how did it compare with the forecast and the previous reading?

Nigeria Gross Domestic Product (GDP) Growth was 3.601% year on year in Q1 2022. The previous reading was 4.642%.

When was this Nigeria Gross Domestic Product (GDP) Growth release published?

This release was published on May 16, 2022 at 10:00 Africa/Lagos. The publication time is derived from the lag measured on this series' confirmed releases and the record carries the release_time_assumed flag.

When is the next Nigeria Gross Domestic Product (GDP) Growth release?

The next Nigeria Gross Domestic Product (GDP) Growth date is added here as soon as the publisher confirms its official schedule.

What is the official source for Nigeria Gross Domestic Product (GDP) Growth?

CBN publishes the official Gross Domestic Product (GDP) Growth series. FXMacroData stores every release with its announcement timestamp and serves it from the announcements endpoint for this series.

Raw announcement payload

Field names are preserved for traceability and downstream testing.

{
  "announcement_datetime": 1652691600,
  "announcement_id": "ngn_gdp_2022-03-31",
  "date": "2022-03-31",
  "predictions": [
    {
      "confidence": 0.474,
      "generated_at": 1782636057,
      "predicted_value": 5.050911,
      "prediction_reason": "Moderately persistent series (stickiness 0.14); anchored 31% to the last actual of 4.64204. Trend/cross-indicator estimate 5.84925 (85%) shrunk toward the long-term mean 0.846567 (15%) \u2192 5.23646. Cross-indicator pressure adds a upward nudge of +1.01. Final prediction: 5.05091.",
      "prediction_source": "fxmacrodata_blended_v1",
      "prediction_type": "fxmacrodata"
    }
  ],
  "previous_value": 4.642042,
  "release_time_assumed": true,
  "revisions": [
    {
      "epoch": 1652691600,
      "val": 3.600646
    }
  ],
  "val": 3.600646
}