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Live macro and micro economic signals, historical context and probabilistic forecasts — built to surface trends before they become consensus.

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World/Forecast/Nigeria

Forecast

Nigeria — macro forecast

Forward projections from the prediction engine — baseline plus an optimistic/pessimistic band and a confidence interval, per macro indicator. These are PROJECTIONS, not observations: generated from observed history, never a guarantee. A country we hold no projections for is shown honestly.

How to read this:Observeda real measured value from a named source.Derivedcomputed by Predictonomy from observed series using a reproducible method.AI readan AI interpretation of already-computed figures. Opinion, not a new data point.

Forecast

Forward projections

Need it as JSON? GET /api/v1/forecast/country/{iso3}.

Forecast heldDerivedledger 12fb228
Real GDP growth — 2027 baseline projection
4.23

Nigeria: forward projections across 14 macro indicators, horizons 1961, 1963, 1965, 1970, 2026, 2027, 2028, 2029, 2030, 2031, 2035, 2036. These are projections, not observations — each carries an optimistic/pessimistic band and a confidence interval, anchored against the latest observed value where one is held.

Current account balance to GDP

Weak track record · +8%

Nowcast

Where the data already points

Each indicator nowcast from its strongest leading series — inferable from observations already in hand.

Leading-indicator nowcastDerived

For each indicator, Nigeria's strongest leading series is fit by ordinary least squares over their shared observed history, then the leader's already-observed recent values project the target — so the next year or two is inferable from data already in hand. These are nowcasts from a leading correlation: correlation, not causation, and not a guaranteed forecast.

CPI inflation

high confidence

Led by Govt debt / GDP by 2 years (it moves withthe target; r = 0.743 over 35 obs).

YearNowcastImplied by Govt debt / GDP in
202727.672025 (35.5)

Latest observed5.8(2026)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
20277.1911.3836.22 – 8.16
20299.9617.222.718.01 – 11.92
203112.7422.113.379.81 – 15.67
203619.68306.4413.83 – 25.53

Blended 1-yr-ahead5.64· skill-weighted across models

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Exports of goods and services

Latest observed9.24(1960)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
19619.249.738.828.96 – 9.53
19639.249.738.828.56 – 9.93
19659.249.738.828.19 – 10.29
19709.249.738.827.32 – 11.16

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Gross domestic product, current US dollars

Below naive baseline · 0%

Latest observed290.8bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
2027343.8bn573.9bn144.4bn310.9bn – 376.7bn
2029263.1bn661.6bn0203bn – 323.2bn
2031182.3bn696.8bn0106.5bn – 258.2bn
20360727.6bn00 – 86.6bn

Blended 1-yr-ahead347.9bn· skill-weighted across models

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Real GDP growth

Below naive baseline · -8%

Latest observed4.01(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20274.237.221.653.67 – 4.8
20294.579.740.093.49 – 5.65
20314.9111.59-0.873.41 – 6.42
20365.7612-2.423.27 – 8.26

Blended 1-yr-ahead4.34· skill-weighted across models

Method: weighted_composite; lookback 6y; horizon 1y; confidence 80%

GDP per capita, current US dollars

Below naive baseline · -1%

Latest observed1.2k(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20271.4k2.4k506.131.2k – 1.5k
2029939.222.7k0686.79 – 1.2k
2031500.82.7k0193.05 – 808.55
203603.2k00 – 378.72

Blended 1-yr-ahead1.4k· skill-weighted across models

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

General government debt to GDP

Below naive baseline · -8%

Latest observed32.3(2026)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
202734.4840.2127.8533.04 – 35.91
202938.8348.7727.3535.43 – 42.22
203143.1856.0128.3737.75 – 48.6
203654.0572.233.1142.61 – 65.49

Blended 1-yr-ahead33.64· skill-weighted across models

Method: linear_trend; lookback 10y; horizon 1y; confidence 80%

Imports of goods and services

Latest observed16.92(1960)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
196116.9217.7516.116.4 – 17.45
196316.9217.7516.115.67 – 18.18
196516.9217.7516.115 – 18.85
197016.9217.7516.113.41 – 20.44

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Consumer price inflation

Weak track record · +7%

Latest observed23.01(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202713.8328.6-1.9910.34 – 17.33
20294.0229.6-5-1.84 – 9.88
2031-528.03-5-5 – 2.72
2036-541.7-5-5 – 6.15

Blended 1-yr-ahead13.83· skill-weighted across models

Method: exponential_smoothing; lookback 6y; horizon 1y; confidence 80%

Total population

Strong track record · +91%

Latest observed237.5m(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
2027241.3m252.7m230.7m233.8m – 248.8m
2029246.9m258.5m236m228.6m – 265.1m
2031252.4m264.4m241.4m223.8m – 281.1m
2036266.3m278.9m254.6m211.1m – 321.6m

Blended 1-yr-ahead246.9m· skill-weighted across models

Method: exponential_smoothing; lookback 10y; horizon 1y; confidence 80%

Productivity growth

Weak track record · +1%

Latest observed1.13(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20261.918.93-3.361 – 2.82
20283.8415-5.282.14 – 5.55
20305.7815-63.36 – 8.21
203510.6215-6.046.15 – 15

Blended 1-yr-ahead0.48· skill-weighted across models

Track record±0.51typical miss · 1 realized · 45% MAPE

Method: weighted_composite; lookback 7y; horizon 1y; confidence 80%

Total reserves (excluding gold)

Weak track record · +12%

Latest observed43bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202644.4bn53bn35.8bn42.4bn – 46.4bn
202847.7bn62.7bn32.7bn43.1bn – 52.3bn
203051bn70.4bn31.7bn44bn – 58.1bn
203559.3bn86.6bn32bn45.6bn – 73bn

Blended 1-yr-ahead43.2bn· skill-weighted across models

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Reserves in months of imports

Below naive baseline · -3%

Latest observed7.12(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20266.819.763.866.25 – 7.37
20286.4511.561.345.36 – 7.54
20306.2712.8704.76 – 7.79
20356.1315.4603.72 – 8.54

Blended 1-yr-ahead7.12· skill-weighted across models

Method: mean_reversion; lookback 10y; horizon 1y; confidence 80%

Total reserves (including gold)

Weak track record · +11%

Latest observed46bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202647.7bn56.8bn38.7bn45.6bn – 49.9bn
202851.9bn67.6bn36.3bn47bn – 56.8bn
203056.1bn76.3bn35.9bn48.5bn – 63.7bn
203566.5bn95.1bn38bn51.5bn – 81.6bn

Blended 1-yr-ahead46.4bn· skill-weighted across models

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Unemployment rate

Below naive baseline · -5%

Latest observed3.06(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20262.463.621.32.25 – 2.68
20281.263.2600.89 – 1.62
20300.052.6400 – 0.53
203503.6600 – 0.72

Blended 1-yr-ahead2.75· skill-weighted across models

Method: linear_trend; lookback 6y; horizon 1y; confidence 80%

Reliability badges show each indicator's best model skill— how much it beats a naive last-value forecast, measured out-of-sample on that series' own observed history (backtested one-step-ahead). A track record, not a guarantee of future accuracy.

Generated by the prediction engine (model prediction-engine-v1) on 2026-08-02 from observed history. Projections, not observations — never a guarantee of future values.

Machine-readable: GET /api/v1/forecast/country/NGA · Country page → · Full brief → · API docs

2028
25.09
2026 (32.3)

Fit: CPI inflation ≈ -0.993 + 0.8075·Govt debt / GDP. Correlation, not causation.

GDP (current US$)

low confidence

Led by Govt debt / GDP by 3 years (it moves inversely tothe target; r = -0.582 over 34 obs).

YearNowcastImplied by Govt debt / GDP in
2027204.3bn2024 (39.3)
2028233bn2025 (35.5)
2029257.2bn2026 (32.3)

Fit: GDP (current US$) ≈ 501179008177.5561 + -7553894086.5989·Govt debt / GDP. Correlation, not causation.

Machine-readable: GET /api/v1/nowcast/country/NGA?indicator= · API docs