| Abstract |
This publication provides data on Quarterly Gross Domestic Product (QGDP) estimates using the
EXPENDITURE and INCOME approach for the four quarters of 2023, annual 2023, and the first two quarters
of 2024.
Quarterly National Accounts (QNA) are integrated systems of macroeconomic accounts designed to
describe the entire system of production in a nation every quarter. They provide a picture of the current
status of the economy that is timelier and more frequent than that provided by Annual National
Accounts (ANA). The key attribute of QNA is that it allows for a reasonable level of details about the
economy that help the government assess, analyse, and monitor economic growth regularly. QNA
adopts the same concepts, definitions, and structure as ANA. In principle, QNA covers the entire
sequence of accounts and balance sheets as reflected in the 2008 System of National Accounts (2008
SNA).
The estimates herein are from a wide variety of sources including expenditure surveys, government
accounts from the three tiers (Federal, State, and Local governments), trade statistics from the Nigerian
Customs Service, Nigeria’s Balance of Payments (BOP) compiled by the Central Bank of Nigeria and
business/establishment survey among others.
We are grateful to the various agencies and establishments that made their data available as input to
the estimates. |
