GDP Report Shows Nigeria Slumps Into Worst Recession

NATIONAL BUREAU OF STATISTICS
Nigerian Gross Domestic

Product Report
(Q3 2020)
Report Date: November 2020
Data Source: National Bureau of Statistics (NBS)

CONTENT
Preface 1
Introduction 2
Overview of GDP Third Quarter 2020 3
Oil Sector 4
Non-Oil Sector 5
Major Economic Sectors: Q3 2020 8
Methodology 81
Appendix 88
Acknowledgements/Contact 97
PREFACE
This publication provides data on Quarterly Gross Domestic Product (GDP) estimates for the four
quarters of 2019 and the annual figure for 2019. It also includes the first, second and third quarters of
2020 with focus on the third quarter of 2020 .
Quarterly National Accounts (QNA) are integrated system of macroeconomic accounts designed to
describe the entire system of production in a nation on a quarterly basis. They provide a picture of the
current economic status of the economy that is more timely and frequent than that provided by Annual
National Accounts (ANA). The key attribute of QNA is that they provide a reasonable level of detail of the
economy that help government to assess, analyse, and monitor economic growth on a regular basis.
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).
Data for this analysis were obtained from the Quarterly Establishment Survey (QES) conducted by the
National Bureau of Statistics (NBS). This series covers major aggregates of quarterly GDP by kind of
economic activities at current and constant (2010) prices.
We are grateful to the various agencies and establishments that made their data available as input to the
estimates.
Dr. Yemi Kale,

Statistician – General,
National Bureau of Statistics,
Abuja – Nigeria.
November, 2020.
1
Nigerian Gross Domestic Product Report - Q3 2020
INTRODUCTION
The National Bureau of Statistics (NBS), has been conducting Establishment Surveys to provide data for
the estimation of the Gross Domestic Product (GDP) for the country. In 2008, NBS started to improve the
GDP series by conducting Quarterly Establishment Surveys (QES) for the four quarters of each year to
complement the annual surveys which normally take place in the first quarter of the succeeding year.
In 2018, the National Bureau of Statistics (NBS) conducted the Quarterly Establishment Surveys for the
first three quarters of 2018 (Q1-Q3/ 2018), while the fourth quarter survey for 2018, the first, second and
third quarter surveys for 2019 were conducted in 2019. Moreover, the fourth quarter survey for 2019,
together with the first, second and third quarter surveys of 2020 were conducted in 2020. These surveys
produced the data used for the compilation of quarterly GDP for the four quarters of 2018(Q1 – Q4,
2018), the four quarters of 2019 (Q1 – Q4, 2019), as well as the first, second and third quarters of 2020
(Q1-Q3, 2020).
In subsequent sections of this report, emphasis will be given to the composition of GDP in the third quarter
of 2020 relative to performance in the corresponding quarter in 2019. Comparison with the preceding
quarter (Q2 2020) is also included.
2
OVERVIEW OF GDP IN Q3 2020
Nigeria’s gross domestic product (GDP) recorded a growth rate of –3.62% (year-on-year) in real terms in
the third quarter of 2020. Cumulatively, the economy has contracted by -2.48%While this represents an
improvement of 2.48% points over the –6.10% growth rate recorded in the preceding quarter (Q2 2020),
it also indicates that two consecutive quarters of negative growth have been recorded in 2020.
Furthermore, growth in Q3 2020 was slower by 5.90% points when compared to the third quarter of 2019
which recorded a real growth rate of 2.28% year on year.
The performance of the economy in Q3 2020 reflected residual effects of the restrictions to movement
and economic activity implemented across the country in early Q2 in response to the COVID-19
pandemic. As these restrictions were lifted, businesses re-opened and international travel and trading
activities resumed, some economic activities have returned to positive growth. A total of 18 economic
activities recorded positive growth in Q3 2020, compared to 13 activities in Q2 2020.
During the quarter under review, aggregate GDP stood at N39,089,460.61 million in nominal terms. This
performance was 3.39% higher when compared to the third quarter of 2019 which recorded an
aggregate of N37,806,924.41 million. This rate was, however, lower relative to growth recorded in the
third quarter of 2019 by –9.91% points but higher than the proceeding quarter by 6.19% points. For
clarity, the Nigerian economy has been broadly classified into the oil and non-oil sectors (Figure 1):
Figure1: Real GDP Growth
3
The Oil Sector
The average daily oil production recorded in the third quarter of 2020 stood at 1.67 million barrels per day
(mbpd), or 0.37mbpd lower than the average production recorded in the same quarter of 2019 and
0.14mbpd lower than production volume recorded in the second quarter of 2020 (Figure2) .
Figure 2: Crude Oil Output (MBPD)
Real growth for the oil sector was –13.89% (year-on-year) in Q3 2020, indicating a sharp contraction of
–20.38% points relative to the rate recorded in the corresponding quarter of 2019. Furthermore, real oil
growth decreased by –7.26% points when compared with oil sector growth recorded in Q2 2020 (6.63%).
Quarter on quarter however, the oil sector recorded a growth rate of 9.64% in Q3 2020. The sector
contributed 8.73% to total real GDP in Q3 2020, down from 9.77% and 8.93% respectively recorded in the
corresponding period of 2019 and the preceding quarter, Q2 2020.
4
The Non-Oil Sector
The non-oil sector grew by –2.51% in real terms during the reference quarter, which is –4.36% points
lower than the rate recorded in Q3 2019 but 3.54% points higher than in the second quarter of 2020. The
non-oil sector was driven mainly by Information and Communication (Telecommunications), with other
drivers being Agriculture (Crop Production), Construction, Financial and Insurance (Financial
Institutions), and Public Administration. In real terms, the non-oil sector contributed 91.27% to the
nation’s GDP in the third quarter of 2020, higher than its share in the third quarter of 2019 (90.23% ) and
the second quarter of 2020 (91.07%).
Figure 3: Crude Oil and Non-Oil Growth
5
GDP REPORT Q3 2020
REAL QUARTERLY GDP GROWTH FOR Q3 2020 AT
-3.62%
(FROM -6.10% IN Q2 2020)
NOMINAL GDP REAL GDP

(Q3 2020) (Q3 2020)
N39.09 trillion N17.82 trillion
2.28% 2.55%
2.10% 2.12%
1.87%
Q1 2019 Q2 2019 Q2 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020
-6.10% -3.62%
YEARLY GDP GROWTH RATE

6.22%
5.49%
4.21%
2.79% 2.27%
1.91%
0.82%
2012 2013 2014 2015 2016 2017 2018 2019
-1.58%
6
GDP REPORT Q3 2020
CONTRIBUTION OF OIL AND CONTRIBUTION OF OIL AND

NON-OIL SECTORS NON-OIL SECTORS
NON-OIL GDP
8.73% OIL
Q1 Q2 Q3 Q4 Q1 Q2 Q3
2019 2019 2019 2019 2020 2020 2020
90.78 91.02 90.23 92.68 90.50 91.07 91.27
OIL GDP
91.27% NON - OIL

Q1 Q2 Q3 Q4 Q1 Q2 Q3
2019 2019 2019 2019 2020 2020 2020
9.22 8.98 9.77 7.32 9.50 8.93 8.73
OIL PRODUCTION (MBPD) CONTRIBUTION TO REAL GDP

Q2 2020 (%)
AGRICULTURE 21.96%
2.02 1.95 1.98 1.84 1.94 1.91 1.99 2.02 2.04 2.00 2.07 1.81 1.67
INDUSTRIES 23.65%
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020
SERVICES 54.39%
SHARE OF AGRICULTURE, SHARE OF OIL

INDUSTRY AND SERVICES AND NON-OIL SECTORS
7
MAJOR ECONOMIC SECTORS: Q3 2020
Mining & Quarrying
The Mining & Quarrying sector consists of Crude Petroleum and Natural Gas, Coal Mining, Metal ore and
Quarrying and other Minerals activities. In nominal terms, the sector recorded significant decline,
recording a negative growth rate of –19.92% in Q3 compared to 5.98% last year and –16.02% in the
second quarter of 2020. Of the four activities in the sector, Quarrying and other minerals exhibited the
highest growth rate at 94.37%, followed by Metal ores (–1.87%). However, Crude Petroleum and Natural
gas was the main contributor to the sector, accounting for 93.10% of total sector output in Q3 2020. The
Mining & Quarrying sector contributed 7.65% to overall GDP in the third quarter of 2020, lower than the
contributions recorded in 2019 at 9.87%, and the preceding quarter ’s share of 7.76%.
In real terms, the Mining and Quarrying sector grew by –13.22% (year-on-year) in the third quarter of
2020. Compared to real growth rates recorded in the same quarter of 2019 and the second quarter of
2020, this was lower by -19.41% points and –6.62% points respectively. The contribution of
Mining and Quarrying to Real GDP in the quarter under review stood at 8.91%, lower than the rate of
9.90% recorded in the corresponding quarter of 2019 and the 9.08% recorded in the second quarter of
2020 respectively.
Figure 4: Mining and Quarrying real growth
8
GDP REPORT Q3 2020
Mining and Quarrying Sector: Q1 2019 – Q3 2020
Mining and Quarrying sector
Mining and Quarrying sector contracted by -13.22% in Q3 2020 from -6.6% in Q2 2020 and
6.19% in Q3 2019.
9
GDP REPORT Q3 2020
Crude Petroleum and Natural Gas: Q1 2019 – Q3 2020
Crude Petroleum
Crude Petroleum and Natural Gas under Mining And Quarrying sector contracted by -
13.89% in Q3 2020 from -6.63% in Q2 2020 and 6.49% in Q3 2019.
10
GDP REPORT Q3 2020
Coal Mining : Q1 2019 – Q3 2020
Coal Mining
Coal Mining under Mining And Quarrying sector contracted by -13.99% in Q3 2020 from
10.53% in Q2 2020 and 32.19% in Q3 2019.
11
GDP REPORT Q3 2020
Metal Ores Sector: Q1 2019 – Q3 2020
Metal Ores
Metal Ores under Mining And Quarrying sector contracted by -6.22% in Q3 2020 from -
7.01% in Q2 2020 and -7.44% in Q3 2019.
12
GDP REPORT Q3 2020
Quarrying and Other Minerals: Q1 2019 – Q3 2020
Quarrying and Other Minerals
Quarrying and Other Minerals under Mining And Quarrying sector grew by 41.81% in Q3
2020 from -6.39% in Q2 2020 and -14.02% in Q3 2019.
13
Agriculture
Four sub-activities make up the Agricultural sector: Crop Production, Livestock, Forestry and Fishing.
sector grew by 13.52 % year-on-year in nominal terms in Q3 2020, showing a decline of –1.36% points
from the same quarter of 2019. Compared to growth in the preceding quarter (19.90%), this represented a
drop of –6.38% points.
Crop Production remained the major driver of the sector, accounting for 92.93% of overall nominal
growth of the sector in third quarter 2020.
Quarter on quarter growth stood at 36.45% in Q3 2020. Agriculture contributed 28.41% to nominal GDP
in the third quarter of 2020. This figure was higher than the rates recorded for the third quarter of 2019
and higher than the second quarter of 2020 which recorded 25.88% and 23.92% respectively.
Figure 5: Agriculture real growth
In the third quarter of 2020, the agricultural sector grew by 1.39% (year-on-year) in real terms, a drop of
0.89% points from the corresponding period of 2019, and a decrease of –0.19% points from the preceding
quarter. On a quarter on quarter basis, agriculture GDP grew 39.95%.
In terms of contribution, the sector contributed 30.77% to overall GDP in real terms in Q3 2020, higher
than the contribution in the third quarter of 2019 and the second quarter of 2020 which stood at 29.25%
and 24.65% respectively.
14
GDP REPORT Q3 2020
Agriculture: Q1 2019 – Q3 2020
Agriculture sector
Agricultural sector grew by 1.39% in Q3 2020 from 1.58% in Q2 2020 and 2.28% in
Q32019.
15
GDP REPORT Q3 2020
Crop Production: Q1 2019 – Q3 2020
Crop Production
Crop Production sector grew by 1.38% in Q3 2020 from 1.44% in Q2 2020 and 2.41% in
Q32019.
16
GDP REPORT Q3 2020
Livestock: Q1 2019 – Q3 2020
Livestock
Livestock under agriculture sector grew by 2.29% in Q3 2020 from 2.26% in Q2 2020 and
0.02% in Q32019.
17
GDP REPORT Q3 2020
Forestry: Q1 2019 – Q3 2020
Forestry
Forestry under agriculture sector grew by 2.55% in Q3 2020 from 1.08% in Q2 2020 and
3.78% in Q3 2019.
18
GDP REPORT Q3 2020
Fishing: Q1 2019 – Q3 2020
Fishing
Fishing under agriculture sector contracted by -2.07% in Q3 2020 from 5.68% in Q2 2020
and 1.68% in Q3 2019.
19
Manufacturing
The Manufacturing sector is comprised of thirteen activities: Oil Refining; Cement; Food, Beverages and
Tobacco; Textile, Apparel, and Footwear; Wood and Wood products; Pulp Paper and Paper products;
Chemical and Pharmaceutical products; Non-metallic Products, Plastic and Rubber products; Electrical
and Electronic, Basic Metal and Iron and Steel; Motor Vehicles and Assembly; and Other Manufacturing.
In nominal terms, Manufacturing sector GDP growth, in the third quarter of 2020, was recorded at
13.54% (year-on-year), -26.15% points lower than figure recorded in the corresponding period of 2019
(39.69%) and 13.68% points higher than the preceding quarter’s figure of -0.14%. Quarter on quarter
growth of the sector was recorded at 32.13%. The contribution of Manufacturing to nominal GDP in Q3
2020 was 13.56%, higher than in the corresponding period of 2019 (12.34%) and the second quarter of
2020 (11.79%).
Real GDP growth in the manufacturing sector, in the third quarter of 2020, was –1.51% (year on year),
lower than the same quarter of 2019 but higher than the preceding quarter by –2.60% points and 7.27%
points respectively. Growth rate of the sector on a quarter-on-quarter basis stood at 13.52%, higher than
the quarter on quarter growth rate recorded in the preceding quarter of 2020. Real contribution to GDP in
2020 third quarter was 8.93%, higher than the 8.74% recorded in third quarter of 2019 and higher than
the 8.82 recorded in second quarter 2020.
Figure 6: Manufacturing real growth
20
GDP REPORT Q3 2020
Manufacturing Sector: Q1 2019 – Q3 2020
Manufacturing sector
Manufacturing sector contracted by -1.51% in Q3 2020 from -8.78% in Q2 2020 and 1.1%
in Q3 2019.
21
GDP REPORT Q3 2020
Oil Refining : Q1 2019 – Q3 2020
Oil Refining
Oil Refining under Manufacturing sector contracted by -68.29% in Q3 2020 from -67.66%
in Q2 2020 and -30.77% in Q3 2019.
22
GDP REPORT Q3 2020
Cement: Q1 2019 – Q3 2020
Cement
Cement under Manufacturing sector grew by 11.96% in Q3 2020 from -5.54% in Q2 2020
and 6.87% in Q3 2019.
23
GDP REPORT Q3 2020
Food, Beverage and Tobacco: Q1 2019 – Q3 2020
Food, Beverage and Tobacco
Food, Beverage and Tobacco under Manufacturing sector grew by 5.57% in Q3 2020 from -
3.01% in Q2 2020 and 2.98% in Q3 2019.
24
GDP REPORT Q3 2020
Textile, Apparel and Footwear: Q1 2019 – Q3 2020
Textile, Apparel and Footwear
Textile, Apparel and Footwear under Manufacturing sector contracted by -12.12% in Q3

2020 from -14.43% in Q2 2020 and -1.12% in Q3 2019.
25
GDP REPORT Q3 2020
Wood and Wood Products: Q1 2019 – Q3 2020
Wood and Wood Products
Wood and Wood Products under Manufacturing sector contracted by -5.12% in Q3 2020
from -10.71% in Q2 2020 and 3.37% in Q3 2019.
26
GDP REPORT Q3 2020
Pulp, Paper and Paper Products: Q1 2019 – Q3 2020
Pulp, Paper and Paper Products
Pulp, Paper and Paper Products under Manufacturing sector contracted by -7.15% in Q3
2020 from -28.16% in Q2 2020 and 2.04% in Q3 2019.
27
GDP REPORT Q3 2020
Chemical and Pharmaceutical Product: Q1 2019 – Q3 2020
Chemical and Pharmaceutical Products
Chemical and Pharmaceutical Products under Manufacturing sector grew by 6.6% in Q3

2020 from 3.79% in Q2 2020 and 0.13% in Q3 2019.
28
GDP REPORT Q3 2020
Non-Metallic Products: Q1 2019 – Q3 2020
Non-Metallic Products
Non-Metallic Products under Manufacturing sector contracted by -12.23% in Q3 2020

from -22.78% in Q2 2020 and 0.92% in Q3 2019.
29
GDP REPORT Q3 2020
Plastic and Rubber Products: Q1 2019 – Q3 2020
Plastic and Rubber Products
Plastic and Rubber Products under Manufacturing sector contracted by -6.96% in Q3

2020 from -10.76% in Q2 2020 and 1.03% in Q3 2019.
30
GDP REPORT Q3 2020
Electrical and Electronics: Q1 2019 – Q3 2020
Electrical and Electronics
Electrical and Electronics under Manufacturing sector contracted by -20.12% in Q3 2020

from -28.41% in Q2 2020 and 1.02% in Q3 2019.
31
GDP REPORT Q3 2020
Basic Metal , Iron and Steel: Q1 2019 – Q3 2020
Basic metal , Iron and Steel
Basic metal, Iron and Steel under Manufacturing sector contracted by -5.35% in Q3 2020
from -7.03% in Q2 2020 and -5.06% in Q3 2019.
32
GDP REPORT Q3 2020
Motor Vehicles & Assembly: Q1 2019 – Q3 2020
Motor Vehicles & Assembly
Motor Vehicles & Assembly under Manufacturing sector grew by 7.03% in Q3 2020 from
6.95% in Q2 2020 and -1.52% in Q3 2019.
33
GDP REPORT Q3 2020
Other Manufacturing: Q1 2019 – Q3 2020
Other Manufacturing
Other Manufacturing under Manufacturing sector contracted by -13.03% in Q3 2020

from -14.31% in Q2 2020 and 0.85% in Q3 2019.
34
Electricity, Gas, Steam and Air Conditioning Supply
The Electricity, Gas, Steam and Air conditioning Supply sector recorded a year on year growth of –0.01% in
the third quarter of 2020. This was –12.84% points lower than the 12.83% growth rate recorded in the
corresponding quarter of 2019, and –8.65% points lower than the growth rate of 8.64% recorded in the
quarter before. Quarter on quarter, the sector recorded a growth rate of –13.77% in Q3 2020. The
contribution of Electricity, Gas, Steam and Air Conditioning Supply to Nominal GDP in the third quarter of
2020 was 0.69%, lower than the contribution in the corresponding quarter of 2019 as well as in the
preceding quarter.
In real terms, the sector contracted by –3.66% in Q3 2020, but this was still an improvement compared to
the growth rate of –11.81% recorded in the same quarter of 2019. When compared to the immediate past
quarter, this was a decrease of –0.66% points from –3.00% recorded. Quarter on quarter, the sector grew
at a rate of –14.32%. The contribution of this sector to real GDP in Q3 2020 was 0.36%, relatively same as
in 2019 but lower than the contribution of 0.47% in the preceding quarter.
Figure 7: Elect. Gas an Steam real growth
35
GDP REPORT Q3 2020
Electricity, Gas, Steam and Air Conditioning Supply: Q1 2019 – Q3 2020
Electricity, Gas ,Steam And Air Conditioning Supply
Electricity, Gas, Steam and Air Conditioning Supply sector contracted by -3.66% in Q3
2020 from -3.0% in Q2 2020 and -11.81% in Q3 2019.
36
Construction
The Construction sector grew 35.50% in nominal terms (year on year) in Q3 2020, a drop of –13.30%
points compared to 48.80% recorded in the same quarter of 2019. There was an increase of 38.70% points
when compared to the rate recorded in the preceding quarter. Nominal growth quarter on quarter was
recorded at 21.73%. Construction contributed 7.23% to nominal GDP in the third quarter of 2020, higher
than the 5.52% it contributed a year earlier and the 6.83% contributed in the second quarter of 2020.
The real growth rate of the construction sector in the third quarter of 2020 was recorded at 2.84% (year
on year), higher by 0.47% points from the rate recorded a year earlier. Relative to the preceding quarter,
there was an increase of 34.61% points. Quarter on quarter, the sector grew by 11.54% in real terms,
higher (by 37.53% points) than the –25.99% it recorded in third quarter 2019 and higher than the
–24.77% recorded in Q2 2020 (by 36.31%).
Its contribution to total real GDP was 3.21% in the third quarter 2020, which is higher than its
contribution of 3.01% in the same quarter of the previous year, and lower than in the immediate past
quarter where it contributed 3.23%.
Figure 8: Construction real growth
37
GDP REPORT Q3 2020
Construction: Q1 2019 – Q3 2020
Construction
Construction sector grew by 2.84% in Q3 2020 from -31.77% in Q2 2020 and 2.37% in Q3
2019.
38
Trade
In the third quarter of 2020, the nominal year on year growth rate of Trade stood at –9.82%. This indicates
a decrease by –10.95% points when compared to the third quarter of 2019 and 5.13% points higher than
the preceding quarter. The quarter on quarter growth rate was 9.72%. Trade’s contribution to nominal
GDP in the third quarter of 2020 was 12.81%, lower than the contribution in the same quarter of the
previous year of 14.69%, and the preceding quarter recorded at 13.41%.
Figure 9: Trade real growth
In real terms, Trade’s year on year growth stood at –12.12%, which was –10.67% points lower than the rate
recorded the previous year, but 4.46% points higher than in the preceding quarter at –16.59% growth rate.
Quarter on quarter growth stood at 9.01%.
In real terms, Trade’s contribution to GDP was 13.88%, lower than the 15.23% it represented in the
previous year, and the 14.28% recorded in 2020.
39
GDP REPORT Q3 2020
Trade: Q1 2019 – Q3 2020
Wholesale and Retail Trade
Trade sector contracted by -12.12% in Q3 2020 from -16.59% in Q2 2020 and -1.45% in Q3
2019.
40
Accommodation and Food Services
In nominal terms, Accommodation and Food Services grew by –9.64% year on year in Q3 2020, indicating
a decline of –29.07% points relative to Q3 2019. However, the Q3 2020 growth was higher than the
preceding quarter by 20.52% points when growth was –30.16%. Quarter on quarter growth stood at
99.42%. Accommodation and Food Services contribution to nominal GDP stood at 0.83% in Q3 2020..
In real terms, Accommodation and Food Services contracted by –22.61%, compared to a growth rate of
2.28% recorded in the previous year. Relative to the preceding quarter, growth rate was 17.58% points
higher. Quarter on quarter, real growth was 91.84%, The sector accounted for 0.70% of real GDP,
compared to 0.87% last year and 0.41% in the preceding quarter.
41
GDP REPORT Q3 2020
Accommodation and Food Services: Q1 2019 – Q3 2020
Accommodation and Food Services
Accommodation and Food Services sector contracted by -22.61% in Q3 2020 from -

40.19% in Q2 2020 and 2.28% in Q3 2019.
42
Information & Communication
The Information and Communication sector is composed of the four activities of Telecommunications and
Information Services; Publishing; Motion Picture, Sound Recording and Music Production; and
Broadcasting.
In nominal terms, Information and Communication sectors growth was recorded at 15.91% (year-on-
year), a 4.72% points increase from the rate of 11.19% recorded in the same quarter of 2019, and 17.06%
points higher than rate recorded in the preceding quarter. The quarter on quarter growth rate was -
21.78%.
The Information and Communications sector contributed 9.57% to total nominal GDP in Q3 2020, higher
than 8.54% recorded in the same quarter of 2019 but lower than the 14.06% it contributed in the
preceding quarter.
In real terms, the Information and Communications sector recorded a growth rate of 14.56%, year on year,
an increase of 4.68% points compared to the previous year. Quarter on quarter, the sector exhibited a
growth of –15.29% in real terms.
Of total real GDP, the sector accounted for 13.47% as at Q3 2020, compared to 17.83% contribution in the
preceding quarter.
Figure 10: Info and Communication real growth
43
GDP REPORT Q3 2020
Information and Communication : Q1 2019 – Q3 2020
Information and Communication sector
Information and Communication sector grew by 14.56% in Q3 2020 from 16.52% in Q2

2020 and 9.88% in Q3 2019.
44
GDP REPORT Q3 2020
Telecommunications & Information Services: Q1 2019 – Q3 2020
Telecommunications & Information Services
Te l e c o m m u n i c a t i o n s & I n f o r m a t i o n S e r v i c e s u n d e r I n f o r m a t i o n a n d
Communicationsector grew by 17.36% in Q3 2020 from 18.10% in Q2 2020 and 12.16% in
Q3 2019.
45
GDP REPORT Q3 2020
Publishing: Q1 2019 – Q3 2020
Publishing
Publishing under Information and Communication sector contracted by -5.77% in Q3

2020 from -18.35% in Q2 2020 and 2.93% in Q3 2019.
46
GDP REPORT Q3 2020
Motion Pictures, Sound Recording and
Music Production: Q1 2019 – Q3 2020
Motion Pictures, Sound recording and Music production
Motion Pictures, Sound Recording and Music Production under Information and
Communication sector grew by 1.61% in Q3 2020 from -4.6% in Q2 2020 and 1.03% in Q3
2019.
47
GDP REPORT Q3 2020
Broadcasting: Q1 2019 – Q3 2020
Broadcasting
Broadcasting under Information and Communication sector grew by 3.23% in Q3 2020

from 8.78% in Q2 2020 and 0.98% in Q3 2019.
48
Transportation and Storage
Six activities make up the Transportation and Storage sector: Road Transport; Rail Transport and
Pipelines; Water Transport; Air Transport; Transport Services; and Post and Courier Services.
In the third quarter of 2020, the sector contracted by –35.06% in nominal terms (year on year) as it sought
to gradually recover from the restricted movements of passenger and goods. The growth rate in Q3 was
slightly better than the preceding quarter which saw contraction of -41.63%. All activities under Transport
and Storage industry recorded negative growth rates except Post and Courier Services. Quarter on
quarter, growth stood at 29.69%. Transport activities contributed 1.28% to Nominal GDP in Q3 2020, a
decline from the 2.03% recorded in the corresponding period of 2019, but higher than 1.13% recorded in
the second quarter of 2020.
In real terms, the Transportation and Storage sector contracted by –42.98% in Q3 2020, a slightly better
performance than the preceding quarter when it recorded –49.23%, an increase of 6.25% points. Quarter
on quarter, growth was 25.81%. Furthermore, the sector contributed 0.84% to real GDP in Q3 2020
49
GDP REPORT Q3 2020
Transportation and Storage: Q1 2019 – Q3 2020
Transportation and Storage sector
Transportation and Storage sector contracted by -42.98% in Q3 2020 from -49.23% in Q2

2020 and 18.24% in Q3 2019.
50
GDP REPORT Q3 2020
Road Transport: Q1 2019 – Q3 2020
Road Transport
Road Transport under Transportation and Storage sector contracted by -46.64% in Q3

2020 from -51.37% in Q2 2020 and 20.18% in Q3 2019.
51
GDP REPORT Q3 2020
Rail Transport & Pipelines: Q1 2019 – Q3 2020
Rail Transport & Pipelines
Rail Transport and Pipelines under Transportation and Storage sector contracted by -
46.45% in Q3 2020 from -63.32% in Q2 2020 and 4.05% in Q3 2019.
52
GDP REPORT Q3 2020
Water Transport: Q1 2019 – Q3 2020
Water Transport
Water Transport under Transportation and Storage sector contracted by -17.37% in Q3

2020 from -28.33% in Q2 2020 and 1.19% in Q3 2019.
53
GDP REPORT Q3 2020
Air Transport: Q1 2019 – Q3 2020
Air Transport
Air Transport under Transportation and Storage sector contracted by -38.86% in Q3 2020
from -57.38% in Q2 2020 and 15.23% in Q3 2019.
54
GDP REPORT Q3 2020
Transport Services: Q1 2019 – Q3 2020
Transport Services
Transport Services under Transportation and Storage sector contracted by -3.45% in Q3

2020 from -11.15% in Q2 2020 and 2.36% in Q3 2019.
55
GDP REPORT Q3 2020
Post and Courier Services: Q1 2019 – Q3 2020
Post and Courier Services
Post and Courier Services under Transportation and Storage sector grew by 1.06% in Q3
2020 from -0.43% in Q2 2020 and -0.87% in Q3 2019.
56
Arts, Entertainment and Recreation
In nominal terms, Arts, Entertainment and Recreation sector recorded a growth rate of –4.04% in the third
quarter of 2020 (year-on-year), representing an increase of 15.06% points relative to the preceding
quarter, but a decrease of –7.61% points compared with the preceding year. On quarter on quarter basis,
growth was recorded at -6.15%. Nevertheless, this activity contributed 0.15% to total nominal GDP in the
third quarter of 2020, slightly lower than the 0.16% it contributed in Q3 2019 and 0.18% contributed in
Q2 of 2020.
In real terms, the activity grew by –4.67% year on year, less than the rate recorded in Q3 2019 by –7.56%
points, but higher by 4.26% points when compared with that of the preceding quarter. Quarter on quarter,
growth stood at –6.31% in real terms, higher than the quarter-on-quarter growth rate recorded in Q3
2019 at –10.49%. Overall, Art, Entertainment and Recreation contributed 0.19% to real GDP in Q3 2020,
same as it recorded the previous year, but lower than 0.22% recorded in the preceding quarter.
57
GDP REPORT Q3 2020
Arts, Entertainment and Recreation: Q1 2019 – Q3 2020
Arts, Entertainment and Recreation
Arts, Entertainment and Recreation sector contracted by -4.67% in Q3 2020 from -8.93%
in Q2 2020 and 2.89% in Q3 2019.
58
Real Estate Services
In nominal terms, Real Estate Services recorded a growth rate of –8.06% in the third quarter of 2020,
indicating a decline of –11.78% points compared to the growth rate at the same period in 2019, and by
9.12% points when compared to the preceding quarter. Quarter-on-quarter, the sector growth rate was
18.92%.
Real GDP growth recorded in the sector in Q3 2020 stood at -13.40%, lower than the growth recorded in
third quarter of 2019 by –11.09% points, but higher relative to Q2 2020 by 8.59% points. Quarter-on-
quarter, the sector grew by 17.15% in the third quarter of 2020. It contributed 5.58% to real GDP in Q3
2020, lower than the 6.21% it recorded in the corresponding quarter of 2019.
59
GDP REPORT Q3 2020
Real Estate: Q1 2019 – Q3 2020
Real Estate
Real Estate sector contracted by -13.4% in Q3 2020 from -21.99% in Q2 2020 and -2.31%
in Q3 2019.
60
Finance and Insurance
The Finance and Insurance Sector consists of the two subsectors, Financial Institutions and Insurance,
which accounted for 88.89% and 11.11% of the sector in real terms in Q3 2020.
As a whole, the sector grew at 5.91% in nominal terms (year on year), with the growth rate of Financial
Institutions at 9.60% and –16.54% growth rate recorded for Insurance. The overall rate was higher than
that in Q3 2019 by 2.20% points, but –14.91% points lower than the preceding quarter. Quarter on
quarter, growth was -24.76%. The sector’s contribution to the overall nominal GDP was 2.46% in Q3 2020,
higher than the 2.40% it represented a year prior, but lower than the contribution of 3.76 % it made in the
preceding quarter.
In real terms, growth in this sector was estimated at 3.21% during Q3 2020, or 2.14% points from the rate
recorded in the third quarter, though down by –15.29% points from the rate recorded in the preceding
quarter. Quarter on quarter growth in real terms stood at –25.24%. The contribution of Finance and
Insurance to real GDP reached 2.67%, higher than the contribution of 2.49% recorded in the third quarter
of 2019, but 1.33% points lower than 4.00% recorded in Q2 2020.
Figure 11: Finance and Insurance real growth
61
GDP REPORT Q3 2020
Financial Institutions: Q1 2019 – Q3 2020
Financial Institutions
Financial Institutions under Financial and Insurance sector grew by 6.8% in Q3 2020 from
28.41% in Q2 2020 and 0.61% in Q3 2019.
62
GDP REPORT Q3 2020
Insurance: Q1 2019 – Q3 2020
Insurance
Insurance under Financial and Insurance sector contracted by -18.67% in Q3 2020 from -
29.53% in Q2 2020 and 3.96% in Q3 2019.
63
GDP REPORT Q3 2020
Financial and Insurance: Q1 2019 – Q3 2020
Financial and Insurance
Financial and Insurance sector grew by 3.21% in Q3 2020 from 18.49% in Q2 2020 and
1.07% in Q3 2019.
64
Administrative and Support Services
In nominal terms, the Administrative and Support Services sector grew by 1.38% (year on year) in Q3
2020, or 4.37% points lower when compared to the third quarter of 2019, but 1.85% points higher than
the growth rate in the previous quarter. Quarter on quarter, growth rate in the sector was 19.76% in Q3
2020. The contribution of Administrative and Support Services to nominal GDP was 0.02% in Q3 2020,
same as the 0.02% it contributed in the same period in 2019 and 0.02% it contributed in the preceding
quarter.
In real terms, the sector recorded a growth rate of –1.21% (year-on-year), a decrease of 4.26% points from
the corresponding quarter of 2019, but an increase of 1.18% points from the rate recorded in Q2 2020.
Quarter on quarter, the sector grew by 18.99% in Q3 2020. The sector’s contribution to real GDP was
0.02% in Q3 2020, unchanged from the corresponding quarter in 2019 and Q2 2020.
65
GDP REPORT Q3 2020
Administrative & Support Services: Q1 2019 – Q3 2020
Administrative & Support Services
Administrative & Support Services sector contracted by -1.21% in Q3 2020 from -2.39% in
Q2 2020 and 3.05% in Q3 2019.
66
Professional, Scientific and Technical Services
In Q3 2020, Professional, Scientific and Technical Services recorded a nominal growth of –7.96% (year-
on-year), which is -7.90% points lower than in Q3 2019, but 5.79% points higher than the rate recorded in
Q2 2020. Quarter on quarter, the sector grew by 16.99%. The contribution of Professional, Scientific and
Technical Services to nominal GDP was 3.07% in Q3 2020, down from the 3.44% contribution in Q3 2019
but up from the 3.01% recorded in Q2 2020.
Real growth in the sector was recorded at –10.31% in Q3 2020, a decrease of –7.69% points relative to the
rate recorded in the corresponding period of 2019, and 5.10% points higher than that of Q2 2020. On a
quarter-on-quarter basis, the sector grew by 16.24 % in Q3 2020. Professional, Scientific and Technical
Services contributed 3.32% to aggregate GDP in Q3 2020, lower than the 3.57% it contributed in Q3
2019 and higher than 3.20% in Q2 2020.
67
GDP REPORT Q3 2020
Professional, Scientific and Technical Services: Q1 2019 – Q3 2020
Professional, Scientific and Technical Services
Professional, Scientific and Technical Services sector contracted by -10.31% in Q3 2020

from -15.41% in Q2 2020 and -2.62% in Q3 2019.
68
Education
Nominal growth in the Education sector in the third quarter of 2020 was –15.75% (year-on-year), down
–23.31% points from the 7.56% reported in the corresponding quarter of 2019, but up by 6.33% points
when compared to Q2 2020 growth rate of –22.09%. The contribution of Education to nominal GDP in Q3
2020 was 1.64%, lower compared to 2.02% estimated in Q3 2019 but higher than 1.37% in Q2 2020.
Real growth in Education year-on-year stood at -20.74% in Q3 2020, a decrease of –21.93% points from
the corresponding quarter of 2019 which was estimated at 1.19%. When compared with the previous
quarter’s growth rate of -24.12%, the Q3 growth rate was 3.38% points higher. The Sector contributed
1.74% to total real GDP in Q3 2020, lower than 2.12% reported for the corresponding quarter in 2019.
69
GDP REPORT Q3 2020
Education: Q1 2019 – Q3 2020
Education
Education sector contracted by -20.74% in Q3 2020 from -24.12% in Q2 2020 and 1.19% in
Q3 2019.
70
Public Administration
In nominal terms, the Public Administration sector grew by 6.29% in Q3 2020, or 3.05% points higher than
the corresponding quarter of 2019 and 2.27% points higher relative to Q2 2020. Quarter on quarter, the
sector grew by 2.37%. The contribution of Public Administration to nominal GDP stood at 1.97% in Q3
2020, higher than the 1.92% recorded in Q3 2019, but 0.24% points lower than the 2.21% recorded in Q2
2020.
In real terms, the sector recorded a growth rate of 3.58% (year on year) in Q3 2020, which is 2.97% points
and 1.56% points higher than the Q3 2019 and Q2 2020 growth rates respectively. On quarter on quarter
basis, the sector grew by 1.71% in Q3 2020. The contribution of Public Administration to real GDP stood
at 2.14 % in Q3 2020, higher than 1.99% recorded in Q3 2019 but a decrease from 2.36% recorded in Q2
2020.
71
GDP REPORT Q3 2020
Public Administration: Q1 2019 – Q3 2020
Public Administration
Public Administration sector grew by 3.58% in Q3 2020 from 2.02% in Q2 2020 and 0.61%
in Q3 2019.
72
Human Health and Social Services
The year on year growth rate for Human Health and Social Services in nominal terms was 8.90%, higher
than the growth rate of 6.83% reported for the same quarter in 2019 by 2.08% points. Quarter on quarter,
growth was 0.96%. The contribution to nominal GDP was 0.62% in Q3 2020, higher than the 0.58%
recorded in Q3 2019 but down from the 0.70% recorded in Q2 2020.
Real GDP growth of Human Health and Social Services for Q3 2020 stood at 2.82% (year-on-year)
compared to 0.86% for the corresponding period of 2019. Quarter-on-quarter, the sector grew by -
0.48%. The contribution of Human Health and Social Services to real GDP was 0.68% in Q3 2020, higher
than the figure recorded in Q3 2019 but down from the 0.77% recorded for the preceding quarter.
73
GDP REPORT Q3 2020
Human Health and Social Services: Q1 2019 – Q3 2020
Human Health and Social Services
Human Health And Social Services sector grew by 2.82% in Q3 2020 from 1.89% in Q2
2020 and 0.86% in Q3 2019.
74
Other Services
In nominal terms, Other Services grew by –5.11% (year-on-year) in Q3 2020. This growth rate was lower
than the 3.68% growth rate recorded in the same quarter of the previous year, but higher than the growth
rate of –13.40% recorded in Q2 2020. Quarter on quarter growth was –5.18%. This sector contributed
2.23% to the aggregate nominal GDP in Q3 2020, lower than the 2.43% it contributed in the same period
of the previous year and the 2.70% it contributed in the preceding quarter.
Other Services real GDP grew by –7.53% (year-on-year) in Q3 2020, lower than the growth recorded in
the same period of the previous year by –8.56% points, but higher than the growth recorded in Q2 2020 by
7.54% points. Quarter on Quarter growth was –5.79%. The sector contributed 2.41% to real GDP in Q3
2020 as against the 2.52% reported for the corresponding quarter of 2019 and the 2.87% recorded in Q2
2020.
75
GDP REPORT Q3 2020
Other Services: Q1 2019 – Q3 2020
Other Services
Other Services sector contracted by -7.53% in Q3 2020 from -15.07% in Q2 2020 and
1.03% in Q3 2019.
76
GDP REPORT Q3 2020
Water Supply, Sewerage, Waste Management
and Remediation: Q1 2019 – Q3 2020
Water Supply,Sewerage, Waste Management And Remediation
Water Supply, Sewerage, Waste Management And Remediation sector grew by 7.1% in Q3
2020 from 5.71% in Q2 2020 and -1.9% in Q3 2019.
77
GDP REPORT Q3 2020
Industries: Q1 2019 – Q3 2020
Industries
Industries sector contracted by -6.12% in Q3 2020 from -12.05% in Q2 2020 and 3.21% in
Q3 2019.
WATER SUPPLY,SEWERAGE,
ELECTRICITY, GAS ,STEAM AND WASTE MANAGEMENT
AIR CONDITIONING SUPPLY AND REMEDIATION CONSTRUCTION MINING AND QUARRYING MANUFACTURING
INDUSTRIES
78
GDP REPORT Q3 2020
Services: Q1 2019 – Q3 2020
Services
TRADE
ACCOMMODATION AND FOOD SERVICES
TRANSPORTATION AND STORAGE
Road Transport
Rail Transport & Pipelines
Water Transport
Air Transport
Transport Services
Post and Courier Services
INFORMATION AND COMMUNICATION
Telecommunications
Publishing,
Motion Pictures, Sound recording and Music production
Broadcasting
ARTS, ENTERTAINMENT AND RECREATION
FINANCIAL AND INSURANCE
Financial Institutions
Insurance
REAL ESTATE
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES
ADMINISTRATIVE & SUPPORT SERVICES
PUBLIC ADMINISTRATION
EDUCATION
HUMAN HEALTH AND SOCIAL SERVICES
OTHER SERVICES
79
GDP REPORT Q3 2020
Services: Q1 2019 – Q3 2020
Services
Services sector contracted by -5.49% in Q3 2020 from -6.78% in Q2 2020 and 1.87% in Q3
2019.
80
METHODOLOGICAL NOTES
Quarterly National Accounts (QNA) are an integrated system of macroeconomic accounts designed to describe the entire
system of production in a nation on a quarterly basis. They provide a picture of the current economic status of an economy on a
more frequent basis than Annual National Accounts (ANA). In providing a reasonable level of detailed information of the
economy, QNA allows the government to regularly assess, analyze and monitor economic developments.
In line with international standards outlined under the United Nations Statistics Division (UNSTATS), four major
methodological pillars underpin GDP compilation in Nigeria:
The System of National Accounts (SNA 2008 version)

The internationally agreed standard of recommendations as to how to compile measures of economic activity.
The International Standard Industrial Classification (ISIC Revision 4.0):

This is the international reference for the classification of productive activities. Its main purpose is to provide a set of activity
categories that can be used for the collection and reporting of statistics according to such activities.
The Central Product Classification (CPC version 2)

A classification based on the physical characteristics of goods or on the nature of services rendered. The CPC covers products
that are output of economic activities.
Data for this analysis were obtained from the Quarterly Establishment Survey (QES) conducted by the National Bureau of
Statistics (NBS), tax receipts from the Federal Inland Revenue Service, and other administrative sources such as the Nigerian
National Petroleum Corporation. The series covers major aggregates of quarterly GDP under 46 activities at current and
constant (2010) prices.
Using the above data and standards, GDP is computed as gross output minus intermediate consumption. Both gross output and
intermediate consumption are detailed below for each activity:
1. AGRICULTURE
Under Section A, Division 01-03 of ISIC rev 4, Agriculture is divided into four main activities.
1.1 CROP PRODUCTION

Section A, Division 01 of ISIC Rev 4
Gross Output: Quantities produced multiplied by farm gate price, less losses (wastages).
Intermediate consumption: Seeds, fertilizer, pesticides, hire of farm implements and simple farm tools that are used up in one
farming season.
1.2 LIVESTOCK PRODUCTION

Gross Output is calculated using the following Live animals and their produce + imports = animals slaughtered and their
produce– animals which died of natural causes +exports + change in animal stock.
Intermediate Consumption: Value of animal feeds as input in the production of livestock and livestock products (such as broiler
starter concentrate, breeder concentrate, ground cake, guinea corn etc.)
81
1.3 FORESTRY
Gross Output: Value and quantity of timbers of various types (firewood, charcoal, uncultivated materials gathered). Other
forest products obtained using expenditure approach. Sawn-logs, and other wood products categories are obtained using the
production method, whereby, the quantity of logs produced is multiplied by the price per cubic of log.
Intermediate consumption: Expenditure on seeds and sapling, fuel oils, lubricants, feed, hand tools and spare parts, payments
for contract work and other services.
1.4 FISHING
Gross Output: Measured by multiplying quantity in kilogram by the average price to obtain the value of production.
Intermediate consumption: Intermediate consumption here is captured according to expenditure on fingerlings, nets, feeds
and other operating expenses.
2. MINING AND QUARRYING

Section B, Division 05-09 of ISIC Rev 4.0
2.1 CRUDE PETROLEUM AND NATURAL GAS

Section B, Division 06 of ISIC Rev 4
Gross Output: Quantity of crude petroleum produced (barrels) and Natural gas in million cubic feet (mcf) multiplied by the
average price in domestic currency (equivalent of the price in dollar during the account period).
Intermediate Consumption: Includes purchase of consultancy services, Transportation, Electricity Bills, Water bills, Cost of
Fuel used, Minor Repairs and Maintenance, Medical expense to staff, License & Registration fees, Travelling allowance, Staff
Uniform, Rents on machinery & buildings, Spare Parts etc.
2.2 COAL MINING

Gross Output: Quantity produced multiplied by the average price.
Intermediate Consumption: Cost of raw materials used; both imported and Local, purchase of consultancy services,
transportation, electricity bills, water bills, cost of fuel used, minor repairs and maintenance, medical expense to staff, royalty,
travelling allowance, special clothing use at work, rents on machinery & buildings, Spare Parts etc.
2.3 METAL ORES

Gross Output: Quantity produced multiplied by the average price
Intermediate Consumption: Cost of raw materials used; both imported and Local, purchase of consultancy services,
travelling allowance, special clothing used at work, rents on machinery & buildings, Spare Parts etc.
2.4 QUARRYING AND OTHER MINING

Gross Output: Quantity produced multiplied by the average price
Intermediate Consumption: Cost of raw materials used; both imported and local, purchase of consultancy services,
82
travelling allowance, special clothing used at work, rents on machinery & buildings, Spare Parts etc.
3. MANUFACTURING
Section C, Division 10-33 of ISIC Rev 4.
Gross output =Revenue from sales of goods + Revenue from sales of goods bought for resale (trade margin) + Revenue from
rendering services to other +Closing stock of finished goods -Opening stock of finished goods +Closing stock of work-in-
progress -Opening stock of work-in-progress
Intermediate consumption = Purchases of raw materials and supplies + Purchases of goods bought for resale + Purchases of
packaging materials +Fuels and lubricants +Electricity +Water and Sewerage +Repair and Maintenance +Freight charges and
transport +Closing stock of raw materials and supplies - Opening stock of raw materials and supplies +Insurance premium +All
other costs and expenses for goods and services
4. ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY

Section D, Division 35 of ISIC Rev 4.
Gross Output: The value of output is the amount of gas and electricity paid for. Hence, value added is the output less
intermediate consumption.
Intermediate Consumption=other cost of sales+Indirect expenses
5. WATER SUPPLY, SEWERAGE, WASTE MANAGEMENT AND REMEDIATION

Section E, Division 36 of ISIC Rev. 4
Gross output = Water revenue+Sewage revenue+New connections
Intermediate Consumption=other cost of sales+Indirect expenses
6. TRADE
Section G, Divisions 45 to 47 of ISIC Rev. 4.
Gross Output: This is equal to the trade margin, i.e. the difference between the revenue of goods sold and the value of the goods
purchased for resale.
Intermediate Consumption: Goods and services needed to run the trading establishment, such as packaging materials,
electricity, office supplies, and rentals.
7. CONSTRUCTION
Section F, Division 41 to 43 of ISIC Rev 4.
Gross Output: Value of work done and other incomes.
Intermediate Consumption: This comprises cement, blocks, metals/iron bars,sand, stone, wood, gravel, other construction
inputs, and cost of fuel used by generator, water bills and expenses on internet services/telephone/postage bills during the
construction period.
8. ACCOMODATION AND FOOD SERVICES

Section I, Division 55 to 56 of ISIC Rev. 4.
Gross Output: Income generated from Accommodation, Catering, Restaurants, Beverage Service activities, Other income
Intermediate Consumption includes expenses incurred in running the businesses.
83
9. TRANSPORTATION AND STORAGE

This industry broadly categorized under ISIC Rev. 4, Section H, division 49-53. The sector is divided into 6 sub-economic
activities.
9.1 ROAD TRANSPORT

Section H, Division 49 of ISIC Rev 4
Gross Output: The output of road transport is the revenue generated for the period under consideration.
Intermediate Consumption: Intermediate consumption consists of fuels and lubricants used electricity bills, water bills, office
supplies, and rentals.
9.2 RAIL TRANSPORT AND PIPELINES

Gross Output: Receipts from passengers, goods traffic and subventions from Federal Government. The Petroleum Pipeline
Product income is from the transportation of the petroleum products and crude oil to designated depots and refineries in
Nigeria.
Intermediate Consumption: This consists of the summation of all expenses incurred in the production process such as fuels and
lubricants used, electricity bills, water bills, office supplies, and rentals.
9.3 WATER TRANSPORT

Gross Output: Receipts from passengers and goods traffic.
Intermediate Consumption: Fuels and lubricants used electricity bills, water bills, office supplies, and rentals.
9.4 AIR TRANSPORT

Gross Output: Receipts from passengers and Cargoes (goods traffic).
Intermediate Consumption: Fuels and lubricants used, electricity bills, water bills, office supplies, and rentals, Spare parts,
Consultancy, Audit fees
9.5 TRANSPORT SERVICES

Gross Output: Receipts from services for storage and transportation activities.
Intermediate Consumption: Fuels and lubricants used, transportation cost, electricity bills, water bills, office supplies, and
rentals.
9.6 POST AND COURIER SERVICES

Gross Output: Receipts from services rendered on number of mails and parcels handled.
Intermediate Consumption: Fuels and lubricants used, transportation cost, electricity bills, water bills, office supplies, and
rentals.
10. INFORMATION AND COMMUNICATION

Categorized under ISIC Rev. 4, Section J, Division 58-63, the sector is divided into 4 economic activities:
84
10.1 TELECOMMUNICATION AND INFORMATION SERVICES

Section J, division 61 to 63 of ISIC Rev 4.
Gross Output: Revenue from telephone, telex, Facsimile, telegraph, and other income from satellite and internet services.
Intermediate consumption: Transit fees, operational expenditure, minor repairs and maintenance and other expenses.
10.2 PUBLISHING
Section J, Division 58 of ISIC Rev 4
Gross Output: Revenue from publishing services.
Intermediate consumption: This includes details of the cost structure including transportation fees, operational expenditure,
minor repairs etc.
10.3 MOTION PICTURE AND SOUND RECORDING

Section J, Division 59 of ISIC Rev 4.
Gross Output: Revenue generated/total sales from the number of movies and sound recordings produced including revenue
generated from TV rights, royalties and fees.
Intermediate consumption: Detail on the cost structure of operating firms including transportation fees, operational
expenditure, minor repairs and maintenance, and other administrative expenses.
10.4 BRODCASTING
Section J, Division 60 of ISIC Rev 4
Gross Output: Public corporation data derived from Accountants General’s reports, while private component relies on revenue
generated from services rendered e.g. advertisement.
Intermediate consumption: Details of the cost structure of market participants which include transportation fees, operational
expenditure, minor repairs and maintenance
11. ARTS ENTERTAINMENT AND RECREATION

Section R, division 90-93 of ISIC Rev 4.
Gross Output: Revenue generated was estimated in two categories: one as a market output and the second as non-market
output (public establishments)
Intermediate consumption: Details of the cost structure were obtained from the financial reports of firms.
12. FINANCE AND INSURANCE SERVICES

Section k, Division 64-66 of ISIC Rev 4, Finance and Insurance Services is divided into two (2) sectors.
12.1 FINANCIAL INSTITUTIONS

Section K, Division 64 of ISIC Rev 4
Gross Output: Gross output for financial services are measured by Financial Services Indirectly Measured (FISIM).
Gross Output = Implicit service charges (FISIM) +Explicit service changes.
Intermediate Consumption: Details of the cost structure are extracted from the data supplied such as; Currency Issue
Expenses, Administrative Expenses, Repairs and Maintenance, Consultancy Fees, Bank Charges, Audit fees, Directors related
expenses
85
12.2. INSURANCE
Section K, Division 65 of ISIC Rev 4
Gross Output:
Output of life insurance: Output = Actual premiums earned+Plus Premium supplements -Benefits due -Minus Increases (plus
decreases) in life insurance technical reserves
Output of non-life (General) insurance: Output = Actual premiums earned +Premium supplements - Adjusted claims incurred
Output of funded pension fund: Output = Actual pension contributions+Supplementary contributions -Benefits due +Plus
Change in the actuarial reserves+Property income
Intermediate consumption: consists of the cost structure (operating expenses) from the annual reports of institutions.
13. REAL ESTATE

Section L, Division 68 of ISIC Rev 4
Gross Output: Sum of fees and commissions receivable for the services rendered.
Intermediate consumption: Details of the cost structure including transportation fees, operational expenditure, minor repairs
and maintenance etc.
14. PROFESSIONAL SCIENTIFIC AND TECHNICAL SERVICES

Section M, Division 69-75 of ISIC Rev 4.
Gross Output: Sum of revenues receivable for the services rendered.
15. ADMINISTRATIVE AND SUPPORT SERVICES

Section N, Division 77-82 of ISIC RE 4.
Gross Output: Sum of fees and commissions receivable for the services rendered.
16 . PUBLIC ADMINISTRATION
Section O, Division 48 of ISIC Rev. 4
Gross output Basic = Intermediate consumption (Less commodity sales and fees) +Compensation of employees+Consumption
of fixed capital +Other taxes less subsidies on production.
17. EDUCATION
Section P, division 85 of ISIC Rev. 4.
Gross Output: Consists of government production, which is a non-market service offered without charge or at a price not
economically significant, and private production, offered at the market price.
Government Production (non-market service):
Gross output Basic=+Intermediate consumption (Less commodity sales and fees) +Compensation of
employees+Consumption of fixed capital +Other taxes less subsidies on production.
Private Production (market service):
Gross output Basic=Total output-Intermediate consumption + other taxes less subsidies on production.
Intermediate consumption: Details of cost structure including transportation fees, operational expenditure, minor repairs and
86
maintenance etc.
18. HUMAN HEALTH AND SOCIAL SERVICES

Section Q, Division 86-88 of ISIC Rev. 4.
Gross Output: Consists of government production, which is a non-market service offered without charge or at a price not
economically significant, and private production, offered at the market price.
Government production (non-makret service):
Gross output Basic = Intermediate consumption (Less commodity sales and fees)+Compensation of employees+Consumption
of fixed capital +Other taxes less subsidies on production.
Private production (market service):
Gross output Basic = Total output-Intermediate consumption+ other taxes less subsidies on production.
Intermediate consumption: Details of the cost structure of operators including transportation fees, operational expenditure,
minor repairs and maintenance etc.
19. OTHER SERVICE ACTIVITIES

Section S Division 94 to 96 of ISIC Rev.4.
Gross Output: Income generated from the various services rendered.
87
APPENDIX
Table One: Gross Domestic Product At Current Basic Prices (=N=Million)

2019 2020
Q1 Q2 Q3 Q4 Total Q1 Q2 Q3
ACTIVITY SECTOR
AGRICULTURE
1. Crop Production 5,174,393.33 5,947,453.57 8,963,201.89 8,211,878.17 28,296,926.97 6,410,647.17 7,198,345.63 10,192,217.02
2. Livestock 514,932.01 500,680.74 497,422.38 595,909.90 2,108,945.03 509,547.73 503,341.58 509,946.41
3. Forestry 65,980.47 77,863.37 66,570.45 75,464.38 285,878.67 64,114.31 75,495.31 69,162.83
4. Fishing 321,896.13 262,603.99 256,348.16 371,541.92 1,212,390.20 458,368.20 362,339.21 334,665.48
MINING AND QUARRYING
5. Crude Petroleum and Natural Gas 3,148,350.00 3,059,667.28 3,624,334.40 2,568,074.01 12,400,425.69 2,827,160.42 2,519,995.03 2,782,376.36
6. Coal Mining 5,157.03 4,119.97 1,120.29 2,510.35 12,907.64 3,308.76 4,892.45 1,092.35
7. Metal Ores 4,794.35 2,597.76 2,231.51 1,519.75 11,143.37 5,212.48 2,595.16 2,189.70
8. Quarrying and Other Minerals 18,430.92 79,274.94 104,408.79 142,832.46 344,947.11 5,354.01 114,173.03 202,938.59
MANUFACTURING
9. Oil Refining 21,915.32 42,651.71 38,764.60 45,453.43 148,785.07 10,666.52 14,223.60 12,579.79
10. Cement 469,994.42 481,080.24 652,102.92 638,246.75 2,241,424.32 756,701.75 593,115.76 1,039,654.07
11. Food, Beverage and Tobacco 1,469,652.37 1,512,871.82 1,674,423.89 1,725,660.53 6,382,608.61 1,733,815.12 1,620,825.45 1,897,039.77
12. Textile, Apparel and Footwear 858,939.41 893,764.81 1,053,410.96 1,115,755.93 3,921,871.11 1,096,255.69 888,358.01 1,028,014.23
13. Wood and Wood Products 100,006.97 106,250.34 118,772.89 108,392.71 433,422.90 114,783.13 94,829.42 115,004.59
14. Pulp, Paper and Paper Products 41,235.67 48,417.01 58,777.08 57,777.95 206,207.71 62,061.07 47,347.60 64,388.49
15. Chemical and Pharmaceutical Products 77,164.29 134,497.15 148,526.78 100,247.75 460,435.97 97,084.66 109,245.23 164,504.65
16. Non-Metallic Products 190,183.63 220,420.51 266,762.86 249,874.20 927,241.20 272,205.10 225,903.78 297,466.77
17. Plastic and Rubber products 111,996.49 196,787.56 206,665.22 132,722.15 648,171.43 134,478.43 120,114.36 193,432.87
18. Electrical and Electronics 2,094.15 4,421.72 5,171.13 3,609.49 15,296.49 2,716.80 2,807.43 4,154.74
19. Basic metal , Iron and Steel 75,445.25 133,595.31 145,846.56 97,783.90 452,671.01 89,804.62 81,288.90 139,526.97
20. Motor vehicles & assembly 54,394.97 32,686.74 43,763.33 68,129.62 198,974.65 111,598.99 104,110.98 119,781.37
21. Other Manufacturing 127,573.06 208,364.51 253,599.20 154,416.80 743,953.57 143,673.26 108,175.03 223,127.46
22. ELECTRICITY, GAS ,STEAM AND AIR CONDITIONING SUPPLY 114,709.87 288,647.51 270,419.56 363,997.44 1,037,774.37 134,797.54 313,589.49 270,399.61
23. WATER SUPPLY,SEWERAGE, WASTE MANAGEMENT AND REMEDIATION 63,475.58 95,959.65 74,628.41 60,470.26 294,533.89 78,033.48 114,005.85 86,412.01
24. CONSTRUCTION 1,961,424.27 2,400,060.43 2,087,138.94 2,548,271.54 8,996,895.18 2,829,463.49 2,323,182.01 2,828,014.71
25. TRADE 5,392,759.49 5,365,910.12 5,552,617.06 6,197,977.30 22,509,263.97 5,377,999.54 4,563,929.92 5,007,436.62
26. ACCOMMODATION AND FOOD SERVICES 379,311.55 232,683.86 358,633.23 428,074.24 1,398,702.88 429,653.11 162,508.35 324,075.78
27. Road Transport 728,473.03 592,299.55 676,237.25 730,524.78 2,727,534.62 879,851.58 338,318.17 423,857.95
28. Rail Transport & Pipelines 36.87 112.28 75.36 134.7 359.21 38.33 40.94 41.09
29. Water Transport 1,628.91 2,887.41 3,239.54 2,368.98 10,124.86 1,659.75 2,094.94 2,725.44
30. Air Transport 40,878.71 36,426.97 57,562.27 63,750.99 198,618.95 51,346.57 21,266.68 41,827.76
31. Transport Services 12,602.84 22,569.55 27,611.79 30,741.13 93,525.31 12,594.14 19,554.31 27,012.95
32. Post and Courier Services 8,464.72 4,374.02 3,062.58 6,505.51 22,406.83 8,500.75 3,194.14 3,139.83
33. Telecommunications & Information Services 2,460,192.27 3,782,643.68 2,542,880.08 3,105,196.14 11,890,912.18 2,744,728.83 3,803,603.69 3,034,875.18
34. Publishing, 9,545.81 10,583.20 8,096.68 8,895.90 37,121.58 9,684.94 7,981.84 7,732.82
34. Motion Pictures, Sound recording and Music production 375,329.70 328,295.51 280,579.99 316,625.26 1,300,830.45 379,048.82 278,224.98 286,991.30
36. Broadcasting 529,411.17 717,674.34 396,306.85 530,535.43 2,173,927.79 542,547.89 693,529.50 411,831.52
37.ARTS, ENTERTAINMENT AND RECREATION 87,277.21 75,886.96 60,042.01 68,008.06 291,214.23 89,201.32 61,392.56 57,616.68
38. Financial Institutions 870,767.54 877,839.42 780,986.57 1,115,864.99 3,645,458.53 1,108,100.63 1,149,417.86 855,950.71
39. Insurance 156,510.25 181,317.21 128,151.57 119,486.31 585,465.33 165,332.58 130,283.32 106,958.93
40. REAL ESTATE 1,842,549.42 2,221,912.32 2,380,177.00 2,552,963.55 8,997,602.29 1,863,236.07 1,840,109.04 2,188,247.84
41. PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 1,118,243.22 1,187,336.05 1,301,697.41 1,410,186.22 5,017,462.89 1,143,132.56 1,024,069.12 1,198,105.13
42. ADMINISTRATIVE & SUPPORT SERVICES 6,531.21 6,689.04 7,864.81 7,914.11 28,999.17 6,575.21 6,657.56 7,973.34
43. PUBLIC ADMINISTRATION 598,654.42 723,874.69 725,172.65 849,056.63 2,896,758.39 560,764.03 752,976.11 770,803.65
44. EDUCATION 654,821.02 596,797.81 762,886.33 954,811.12 2,969,316.28 700,852.55 464,986.90 642,714.94
45. HUMAN HEALTH AND SOCIAL SERVICES 203,886.34 238,498.35 220,949.72 232,857.86 896,192.28 218,227.97 238,340.38 240,622.13
46. OTHER SERVICES 1,352,334.01 1,060,526.99 917,681.46 1,404,319.42 4,734,861.88 1,402,476.20 918,417.00 870,828.16
GDP Current Basic Price 31,824,349.67 35,001,877.95 37,806,924.41 39,577,340.04 144,210,492.07 35,647,406.08 34,023,197.60 39,089,460.61
Net Indirect Taxes on Products 261,770.54 299,076.86 415,414.98 452,384.93 1,428,647.31 322,495.09 313,700.00 625,260.80
GDP Current Market Price 32,086,120.21 35,300,954.81 38,222,339.39 40,029,724.97 145,639,139.38 35,969,901.18 34,336,897.61 39,714,721.41
88
APPENDIX
Table Two: Gross Domestic Product At 2010 Constant Basic Prices (=N=Million)
2019 2020
ACTIVITY SECTOR
AGRICULTURE
1. Crop Production 3,144,587.69 3,443,607.45 4,994,729.88 4,599,067.95 16,181,992.98 3,219,506.13 3,493,035.24 5,063,608.76
2. Livestock 294,971.65 283,559.35 291,218.38 340,306.01 1,210,055.38 296,837.60 289,964.07 297,891.75
3. Forestry 42,265.37 49,559.78 44,980.39 50,669.33 187,474.87 42,989.85 50,093.58 46,125.19
4. Fishing 116,091.37 80,979.01 78,050.27 103,939.83 379,060.48 117,819.91 85,575.52 76,438.23
5. Crude Petroleum and Natural Gas 1,514,641.29 1,519,802.94 1,806,746.96 1,429,667.98 6,270,859.17 1,591,248.22 1,419,038.39 1,555,771.57
6. Coal Mining 3,239.94 2,377.16 661.03 1,435.50 7,713.63 1,833.62 2,627.52 568.54
7. Metal Ores 3,012.08 1,498.87 1,215.28 869.04 6,595.27 2,888.61 1,393.75 1,139.68
8. Quarrying and Other Minerals 6,169.16 21,093.83 21,888.67 28,311.04 77,462.70 1,047.04 19,746.31 31,040.26
MANUFACTURING
9. Oil Refining 14,673.75 28,338.82 25,365.06 29,738.31 98,115.94 6,925.07 9,163.54 8,042.28
10. Cement 152,413.88 139,646.42 154,895.44 147,619.72 594,575.45 154,954.73 131,915.27 173,421.72
11. Food, Beverage and Tobacco 736,653.78 710,910.06 739,803.77 775,708.42 2,963,076.02 744,747.87 689,546.18 781,014.70
12. Textile, Apparel and Footwear 359,513.71 334,927.71 355,317.85 391,916.74 1,441,676.01 363,212.15 286,582.34 312,241.04
13. Wood and Wood Products 53,216.94 48,320.14 51,185.53 52,503.56 205,226.17 53,883.58 43,143.09 48,566.22
14. Pulp, Paper and Paper Products 13,346.55 13,115.32 13,495.94 13,967.59 53,925.40 13,612.35 9,422.51 12,531.07
15. Chemical and Pharmaceutical Products 37,075.43 38,225.08 39,448.21 40,720.50 155,469.22 37,288.82 39,675.28 42,051.18
16. Non-Metallic Products 60,435.70 59,818.80 61,631.96 60,066.84 241,953.29 59,622.11 46,191.25 54,093.47
17. Plastic and Rubber products 58,176.95 56,513.87 56,571.96 60,679.67 231,942.45 58,921.01 50,434.79 52,633.11
18. Electrical and Electronics 938.49 1,244.08 1,331.09 1,314.77 4,828.42 923.54 890.63 1,063.23
19. Basic metal , Iron and Steel 40,712.62 38,515.23 40,229.67 46,717.54 166,175.05 41,198.66 35,808.61 38,079.12
20. Motor vehicles & assembly 8,693.62 7,394.15 6,181.66 6,992.71 29,262.14 8,784.10 7,907.70 6,616.43
21. Other Manufacturing 72,610.43 60,552.50 71,126.52 79,316.86 283,606.31 71,316.59 51,890.19 61,855.48
22. ELECTRICITY, GAS ,STEAM AND AIR CONDITIONING SUPPLY 34,708.73 77,649.42 66,983.83 95,889.60 275,231.59 33,907.85 75,322.52 64,533.72
23. WATER SUPPLY,SEWERAGE, WASTE MANAGEMENT AND REMEDIATION 30,116.67 39,442.02 28,011.32 24,542.03 122,112.04 30,063.46 41,694.10 29,999.29
24. CONSTRUCTION 671,448.37 752,833.66 557,147.53 671,110.60 2,652,540.16 682,791.74 513,692.43 572,977.23
25. TRADE 2,770,454.69 2,721,316.70 2,815,887.74 3,122,887.95 11,430,547.07 2,692,253.73 2,269,985.07 2,474,504.80
26. ACCOMMODATION AND FOOD SERVICES 183,831.29 108,482.91 160,848.58 184,695.99 637,858.77 178,331.47 64,886.95 124,480.10
27. Road Transport 257,171.01 200,853.16 220,274.94 228,575.51 906,874.62 264,443.50 97,673.68 117,544.23
28. Rail Transport & Pipelines 19.28 57.06 39.05 69.48 184.86 19.68 20.93 20.91
29. Water Transport 796.81 1,397.98 1,570.49 1,143.30 4,908.58 797.43 1,001.99 1,297.71
30. Air Transport 17,982.42 17,687.34 23,226.12 24,635.96 83,531.84 19,003.68 7,538.24 14,199.68
31. Transport Services 6,685.19 11,483.47 14,550.41 16,146.11 48,865.19 6,593.02 10,202.95 14,048.28
32. Post and Courier Services 5,982.30 2,226.80 2,148.91 4,548.30 14,906.30 5,921.92 2,217.16 2,171.63
33. Telecommunications & Information Services 1,660,075.09 1,924,618.87 1,701,527.77 2,069,090.27 7,355,312.00 1,821,239.59 2,272,972.78 1,996,930.50
34. Publishing, 5,347.64 5,385.39 4,505.47 4,933.60 20,172.10 5,353.19 4,397.04 4,245.58
34. Motion Pictures, Sound recording and Music production 217,126.20 167,325.29 161,779.40 182,261.81 728,492.70 217,835.62 159,629.62 164,387.84
36. Broadcasting 306,261.49 365,783.47 228,506.26 305,396.83 1,205,948.05 311,796.92 397,907.65 235,895.99
37.ARTS, ENTERTAINMENT AND RECREATION 50,489.39 38,677.98 34,619.58 39,148.08 162,935.03 51,263.12 35,223.55 33,002.68
38. Financial Institutions 447,344.63 445,195.51 396,060.18 562,235.25 1,850,835.57 554,720.77 571,691.82 422,981.72
39. Insurance 80,404.95 91,954.87 64,989.25 60,203.89 297,552.96 82,766.32 64,799.68 52,855.46
40. REAL ESTATE 916,064.55 1,088,267.52 1,148,470.43 1,213,548.10 4,366,350.60 872,533.43 848,905.93 994,521.86
41. PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 574,481.80 602,156.45 660,127.24 710,530.76 2,547,296.25 572,257.93 509,346.47 592,062.79
42. ADMINISTRATIVE & SUPPORT SERVICES 3,355.32 3,392.34 3,988.47 3,987.57 14,723.69 3,291.58 3,311.31 3,940.15
43. PUBLIC ADMINISTRATION 307,550.32 367,112.43 367,755.38 427,802.26 1,470,220.39 280,721.30 374,511.56 380,904.94
44. EDUCATION 346,165.27 300,161.48 391,169.57 482,164.11 1,519,660.44 348,558.96 227,752.16 310,036.17
45. HUMAN HEALTH AND SOCIAL SERVICES 112,506.18 120,126.87 118,468.79 123,072.93 474,174.77 113,695.47 122,402.84 121,812.13
46. OTHER SERVICES 694,742.66 537,845.35 465,381.99 707,574.74 2,405,544.75 702,086.67 456,797.74 430,333.65
GDP at 2010 constant price 16,434,552.65 16,931,434.89 18,494,114.17 19,527,724.96 71,387,826.67 16,741,809.92 15,897,931.94 17,824,482.08
Net Indirect Taxes on Products 135,182.08 144,665.83 203,209.65 223,209.76 706,267.32 151,459.87 146,581.79 285,113.94
GDP Constant Market Price 16,569,734.73 17,076,100.72 18,697,323.82 19,750,934.72 72,094,094.00 16,893,269.79 16,044,513.73 18,109,596.02
89
APPENDIX
Table Three: GDP Growth Rate at Current prices (Nominal GDP Growth)%
ACTIVITY SECTOR 2019 2020
Full Year
Q1 Q2 Q3 Q4 Q1 Q2 Q3
2019
AGRICULTURE 22.58 17.76 14.88 13.8 16.56 22.47 19.9 13.52

1. Crop Production 23.17 17.99 15.48 13.98 16.89 23.89 21.03 13.71
2. Livestock 7.28 3.93 0.37 0.79 2.95 -1.05 0.53 2.52
3. Forestry 9.92 11.22 2 -2.62 4.8 -2.83 -3.04 3.89
4. Fishing 48.55 52.42 31.89 43.58 43.97 42.4 37.98 30.55
MINING AND QUARRYING -19.32 -16.82 5.98 12.75 -6.44 -10.57 -16.02 -19.92
5. Crude Petroleum and Natural Gas -19.71 -17.95 4.98 10.64 -7.62 -10.2 -17.64 -23.23
6. Coal Mining 57.36 28.76 43.68 -0.59 31.95 -35.84 18.75 -2.49
7. Metal Ores -8.35 15.12 9 10.98 2.2 8.72 -0.1 -1.87
8. Quarrying and Other Minerals 137.41 67.65 58.03 72.11 69.01 -70.95 44.02 94.37
MANUFACTURING 36.45 37.79 39.69 26.29 34.73 28.47 -0.14 13.54
9. Oil Refining -47.26 -21.45 -30.14 -23.38 -29.37 -51.33 -66.65 -67.55
10. Cement 86.65 58.24 68.51 58.4 66.56 61 23.29 59.43
11. Food, Beverage and Tobacco 23.13 19.13 20.07 17.05 19.7 17.97 7.14 13.3
12. Textile, Apparel and Footwear 40.66 31.2 31.77 27.61 32.24 27.63 -0.6 -2.41
13. Wood and Wood Products 21.68 30.08 30.61 13.44 23.71 14.78 -10.75 -3.17
14. Pulp, Paper and Paper Products 73.48 63.71 65.07 45.78 60.36 50.5 -2.21 9.55
15. Chemical and Pharmaceutical Products 39.72 97.43 92.45 26.25 64.48 25.82 -18.78 10.76
16. Non-Metallic Products 72.56 56.28 58.03 46.85 57.1 43.13 2.49 11.51
17. Plastic and Rubber products 33.33 110.16 99.88 21.99 66.27 20.07 -38.96 -6.4
18. Electrical and Electronics 49.57 100.8 91.77 33.23 69.81 29.73 -36.51 -19.66
19. Basic metal , Iron and Steel 28.26 104.94 92.88 18.26 60.35 19.03 -39.15 -4.33
20. Motor vehicles & assembly 176.97 18.38 49.27 81.93 74.51 105.16 218.51 173.7
21. Other Manufacturing 20.42 117.17 110.34 14.92 62.86 12.62 -48.08 -12.02
22. ELECTRICITY, GAS ,STEAM AND AIR CONDITIONING SUPPLY 41.36 29.75 12.83 10.88 19.07 17.51 8.64 -0.01
23. WATER SUPPLY,SEWERAGE, WASTE MANAGEMENT AND
39.62 54.32 32.21 27.49 39.24 22.93 18.81 15.79
REMEDIATION
24. CONSTRUCTION 66.99 42.8 48.8 43.72 49.18 44.26 -3.2 35.5
25. TRADE 4.82 3.03 1.13 2.03 2.7 -0.27 -14.95 -9.82
26. ACCOMMODATION AND FOOD SERVICES 30.29 20.18 19.43 19.13 22.23 13.27 -30.16 -9.64
TRANSPORTATION AND STORAGE 50.39 25.56 38.6 15.34 31.1 20.44 -41.63 -35.06
27. Road Transport 53.22 27.1 41.16 14.43 32.47 20.78 -42.88 -37.32
28. Rail Transport & Pipelines -3.48 4.54 5.94 5.98 4.47 3.94 -63.54 -45.47
29. Water Transport 3.17 1.28 3.02 3.71 2.7 1.89 -27.45 -15.87
30. Air Transport 39.86 15.83 36.96 36.67 32.99 25.61 -41.62 -27.33
31. Transport Services 4.14 7.26 3.72 5.12 5.07 -0.07 -13.36 -2.17
32. Post and Courier Services 1.98 39.53 0.56 1.88 7.38 0.43 -26.97 2.52
INFORMATION AND COMMUNICATION 11.45 40.54 11.19 9.86 18.67 8.94 -1.15 15.91
33. Telecommunications & Information Services 15.03 49.53 14.06 12.13 23 11.57 0.55 19.35
34. Publishing, 1.96 16.32 4.32 4.52 6.88 1.46 -24.58 -4.49
34. Motion Pictures, Sound recording and Music production 2.14 11.36 1.7 1.48 4.05 0.99 -15.25 2.29
36. Broadcasting 3.34 17.72 1.65 2.85 7.21 2.48 -3.36 3.92
37.ARTS, ENTERTAINMENT AND RECREATION 8.19 14.99 3.57 5.54 8.23 2.2 -19.1 -4.04
FINANCIAL AND INSURANCE -3.96 0.98 3.72 23.33 5.86 23.96 20.82 5.91
38. Financial Institutions -5.64 -0.35 3.25 25.54 5.7 27.26 30.94 9.6
39. Insurance 6.61 7.91 6.69 5.92 6.88 5.64 -28.15 -16.54
40. REAL ESTATE 10.27 2.09 3.71 2.51 4.23 1.12 -17.18 -8.06
41. PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 5.74 4.53 -0.06 3.19 3.19 2.23 -13.75 -7.96
42. ADMINISTRATIVE & SUPPORT SERVICES 5.42 5.38 5.75 3.92 5.09 0.67 -0.47 1.38
43. PUBLIC ADMINISTRATION -10.84 -0.22 3.24 2.69 -1 -6.33 4.02 6.29
44. EDUCATION 9.64 11.09 7.56 7.18 8.59 7.03 -22.09 -15.75
45. HUMAN HEALTH AND SOCIAL SERVICES 8.7 15.67 6.83 5.32 9.07 7.03 -0.07 8.9
46. OTHER SERVICES 6.38 5.92 3.68 4.21 5.1 3.71 -13.4 -5.11
GDP Current Basic Price (Nominal GDP Growth %) 11.91 14.01 13.3 12.34 12.9 12.01 -2.8 3.39
90
APPENDIX
Table Four: GDP Growth Rate at Constant 2010 prices (Real GDP Growth)%
ACTIVITY SECTOR 2019 2020
Full Year
Q1 Q2 Q3 Q4 Q1 Q2 Q3
2019
AGRICULTURE 3.17 1.79 2.28 2.31 2.36 2.2 1.58 1.39

1. Crop Production 3.26 1.94 2.41 2.52 2.51 2.38 1.44 1.38
2. Livestock 0.88 -0.01 0.02 -0.2 0.16 0.63 2.26 2.29
3. Forestry 2.19 3.23 3.78 1.26 2.59 1.71 1.08 2.55
4. Fishing 7.09 1.09 1.68 2.33 3.33 1.49 5.68 -2.07
MINING AND QUARRYING -1.37 7 6.19 6.07 4.43 4.58 -6.6 -13.22
5. Crude Petroleum and Natural Gas -1.46 7.17 6.49 6.36 4.59 5.06 -6.63 -13.89
6. Coal Mining 31.1 7.63 32.19 -12.32 13.15 -43.41 10.53 -13.99
7. Metal Ores -23.64 -3.77 -7.44 -2.11 -14.38 -4.1 -7.01 -6.22
8. Quarrying and Other Minerals 29.31 -3.48 -14.02 -5.63 -5.63 -83.03 -6.39 41.81
MANUFACTURING 0.81 -0.13 1.1 1.24 0.77 0.43 -8.78 -1.51
9. Oil Refining -49.62 -23.83 -30.77 -25.71 -31.39 -52.81 -67.66 -68.29
10. Cement 2.81 1.58 6.87 1.13 3.11 1.67 -5.54 11.96
11. Food, Beverage and Tobacco 1.76 1.22 2.98 2.69 2.17 1.1 -3.01 5.57
12. Textile, Apparel and Footwear 1.01 -1.42 -1.12 1.01 -0.09 1.03 -14.43 -12.12
13. Wood and Wood Products 1.39 1.19 3.37 1.75 1.93 1.25 -10.71 -5.12
14. Pulp, Paper and Paper Products 2.06 2.33 2.04 -1.21 1.25 1.99 -28.16 -7.15
15. Chemical and Pharmaceutical Products 1.66 -1.27 0.13 0.92 0.35 0.58 3.79 6.6
16. Non-Metallic Products 3.67 0.96 0.92 1.22 1.68 -1.35 -22.78 -12.23
17. Plastic and Rubber products 4.36 2.26 1.03 3.08 2.69 1.28 -10.76 -6.96
18. Electrical and Electronics 1.52 2.47 1.02 1.06 1.5 -1.59 -28.41 -20.12
19. Basic metal , Iron and Steel 1.49 -3.06 -5.06 1.12 -1.33 1.19 -7.03 -5.35
20. Motor vehicles & assembly 13.32 -1.5 -1.52 -2.13 2.31 1.04 6.95 7.03
21. Other Manufacturing -1.26 0.07 0.85 1.6 0.34 -1.78 -14.31 -13.03
22. ELECTRICITY, GAS ,STEAM AND AIR CONDITIONING SUPPLY 8.47 0.43 -11.81 -7.82 -4.86 -2.31 -3 -3.66
23. WATER SUPPLY,SEWERAGE, WASTE MANAGEMENT AND
3.75 14.35 -1.9 3.52 5.47 -0.18 5.71 7.1
REMEDIATION
24. CONSTRUCTION 3.18 0.67 2.37 1.31 1.81 1.69 -31.77 2.84
25. TRADE 0.85 -0.25 -1.45 -0.58 -0.38 -2.82 -16.59 -12.12
26. ACCOMMODATION AND FOOD SERVICES 4.15 2.92 2.28 2.02 2.85 -2.99 -40.19 -22.61
TRANSPORTATION AND STORAGE 19.5 8.02 18.24 -0.8 10.73 2.82 -49.23 -42.98
27. Road Transport 21.48 8.21 20.18 -2.58 11.24 2.83 -51.37 -46.64
28. Rail Transport & Pipelines -6.04 0.25 4.05 4.09 1.74 2.09 -63.32 -46.45
29. Water Transport 0.44 -1.1 1.19 1.87 0.56 0.08 -28.33 -17.37
30. Air Transport 9.09 12.31 15.23 14.98 13.17 5.68 -57.38 -38.86
31. Transport Services 2.11 1.87 2.36 3.74 2.66 -1.38 -11.15 -3.45
32. Post and Courier Services -0.19 -0.57 -0.87 0.42 -0.16 -1.01 -0.43 1.06
INFORMATION AND COMMUNICATION 9.48 9.01 9.88 8.5 9.17 7.65 15.09 14.56
33. Telecommunications & Information Services 12.18 11.34 12.16 10.26 11.41 9.71 18.1 17.36
34. Publishing, -0.07 4.6 2.93 3.12 2.6 0.1 -18.35 -5.77
34. Motion Pictures, Sound recording and Music production 1.13 -2.37 1.03 0.81 0.2 0.33 -4.6 1.61
36. Broadcasting 2.33 3.2 0.98 2.17 2.29 1.81 8.78 3.23
37.ARTS, ENTERTAINMENT AND RECREATION 7.12 0.81 2.89 4.85 4.12 1.53 -8.93 -4.67
FINANCIAL AND INSURANCE -7.6 -2.24 1.07 20.18 2.56 20.79 18.49 3.21
38. Financial Institutions -9.21 -3.52 0.61 22.33 2.4 24 28.41 6.8
39. Insurance 2.58 4.48 3.96 3.21 3.59 2.94 -29.53 -18.67
40. REAL ESTATE 0.93 -3.84 -2.31 -3.45 -2.36 -4.75 -21.99 -13.4
41. PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 1.73 1.21 -2.62 0.55 0.12 -0.39 -15.41 -10.31
42. ADMINISTRATIVE & SUPPORT SERVICES 1.43 2.03 3.05 1.27 1.96 -1.9 -2.39 -1.21
43. PUBLIC ADMINISTRATION -14.21 -3.39 0.61 0.06 -4.01 -8.72 2.02 3.58
44. EDUCATION 0.18 0.96 1.19 0.84 0.8 0.69 -24.12 -20.74
45. HUMAN HEALTH AND SOCIAL SERVICES -0.16 1.13 0.86 -0.56 0.31 1.06 1.89 2.82
46. OTHER SERVICES 2.35 2.55 1.03 1.55 1.9 1.06 -15.07 -7.53
GDP at 2010 constant price (Real GDP Growth %) 2.1 2.12 2.28 2.55 2.27 1.87 -6.1 -3.62
91
APPENDIX
Table Five: Implicit Price Deflators

2019 2020
ACTIVITY SECTOR
AGRICULTURE
1. Crop Production 164.55 172.71 179.45 178.56 174.87 199.12 206.08 201.28
2. Livestock 174.57 176.57 170.81 175.11 174.29 171.66 173.59 171.19
3. Forestry 156.11 157.11 148 148.94 152.49 149.14 150.71 149.95
4. Fishing 277.28 324.29 328.44 357.46 319.84 389.04 423.41 437.82
5. Crude Petroleum and Natural Gas 207.86 201.32 200.6 179.63 197.75 177.67 177.58 178.84
6. Coal Mining 159.17 173.31 169.48 174.88 167.34 180.45 186.2 192.13
7. Metal Ores 159.17 173.31 183.62 174.88 168.96 180.45 186.2 192.13
8. Quarrying and Other Minerals 298.76 375.82 477 504.51 445.31 511.35 578.2 653.79
MANUFACTURING
9. Oil Refining 149.35 150.51 152.83 152.84 151.64 154.03 165.22 156.42
10. Cement 308.37 344.5 421 432.36 376.98 488.34 449.62 599.49
12. Textile, Apparel and Footwear 238.92 266.85 296.47 284.69 272.04 301.82 309.98 329.24
13. Wood and Wood Products 187.92 219.89 232.04 206.45 211.19 213.02 249.8 236.8
14. Pulp, Paper and Paper Products 308.96 369.16 435.52 413.66 382.39 455.92 502.49 513.83
15. Chemical and Pharmaceutical Products 208.13 351.86 376.51 246.18 296.16 260.36 375.35 391.2
17. Plastic and Rubber products 192.51 348.21 365.31 218.73 279.45 228.24 248.16 367.51
18. Electrical and Electronics 223.14 355.42 388.49 274.54 316.8 294.17 315.22 390.77
19. Basic metal , Iron and Steel 185.31 346.86 362.53 209.31 272.41 217.98 247.01 366.41
20. Motor vehicles & assembly 625.69 442.06 707.95 974.29 679.97 1270.47 1,316.58 1810.36
21. Other Manufacturing 175.7 344.11 356.55 194.68 262.32 201.46 258.47 360.72
22. ELECTRICITY, GAS ,STEAM AND AIR CONDITIONING SUPPLY 330.49 371.73 403.71 379.6 377.05 397.54 416.33 419.01
23. WATER SUPPLY,SEWERAGE, WASTE MANAGEMENT AND REMEDIATION 210.77 243.29 266.42 246.39 241.2 259.56 293.43 288.05
24. CONSTRUCTION 292.12 318.8 374.61 379.71 339.18 414.4 452.25 493.56
25. TRADE 194.65 197.18 197.19 198.47 196.92 199.76 201.06 202.36
26. ACCOMMODATION AND FOOD SERVICES 206.34 214.49 222.96 231.77 219.28 240.93 250.45 260.34
27. Road Transport 283.26 294.89 307 319.6 300.76 332.72 346.38 360.59
28. Rail Transport & Pipelines 191.28 196.78 193 193.87 194.32 194.75 195.62 196.51
29. Water Transport 204.43 206.54 206.28 207.21 206.27 208.14 209.08 210.02
30. Air Transport 227.33 205.95 247.83 258.77 237.78 270.19 282.12 294.57
31. Transport Services 188.52 196.54 189.77 190.39 191.39 191.02 191.65 192.29
32. Post and Courier Services 141.5 196.43 142.52 143.03 150.32 143.55 144.06 144.58
34. Publishing, 178.5 196.52 179.71 180.31 184.02 180.92 181.53 182.14
34. Motion Pictures, Sound recording and Music production 172.86 196.2 173.43 173.72 178.56 174.01 174.29 174.58
36. Broadcasting 172.86 196.2 173.43 173.72 180.27 174.01 174.29 174.58
37.ARTS, ENTERTAINMENT AND RECREATION 172.86 196.2 173.43 173.72 178.73 174.01 174.29 174.58
38. Financial Institutions 194.65 197.18 197.19 198.47 196.96 199.76 201.06 202.36
39. Insurance 194.65 197.18 197.19 198.47 196.76 199.76 201.06 202.36
40. REAL ESTATE 201.14 204.17 207.25 210.37 206.07 213.54 216.76 220.03
41. PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 194.65 197.18 197.19 198.47 196.97 199.76 201.06 202.36
42. ADMINISTRATIVE & SUPPORT SERVICES 194.65 197.18 197.19 198.47 196.96 199.76 201.06 202.36
43. PUBLIC ADMINISTRATION 194.65 197.18 197.19 198.47 197.03 199.76 201.06 202.36
44. EDUCATION 189.16 198.83 195.03 198.03 195.39 201.07 204.16 207.3
45. HUMAN HEALTH AND SOCIAL SERVICES 181.22 198.54 186.5 189.2 189 191.94 194.72 197.54
46. OTHER SERVICES 194.65 197.18 197.19 198.47 196.83 199.76 201.06 202.36
GDP Deflator 193.64 206.73 204.43 202.67 202.01 212.92 214.64 219.3
92
APPENDIX
Table Six: Gross Domestic Product At Current Basic Prices Percentage Distribution
2019 2020
ACTIVITY SECTOR
AGRICULTURE
1. Crop Production 16.26 16.99 23.71 20.75 19.62 17.98 21.16 26.07
2. Livestock 1.62 1.43 1.32 1.51 1.46 1.43 1.48 1.3
3. Forestry 0.21 0.22 0.18 0.19 0.2 0.18 0.22 0.18
4. Fishing 1.01 0.75 0.68 0.94 0.84 1.29 1.06 0.86
6. Coal Mining 0.02 0.01 0 0.01 0.01 0.01 0.01 0
7. Metal Ores 0.02 0.01 0.01 0 0.01 0.01 0.01 0.01
8. Quarrying and Other Minerals 0.06 0.23 0.28 0.36 0.24 0.02 0.34 0.52
MANUFACTURING
9. Oil Refining 0.07 0.12 0.1 0.11 0.1 0.03 0.04 0.03
10. Cement 1.48 1.37 1.72 1.61 1.55 2.12 1.74 2.66
24. CONSTRUCTION 6.16 6.86 5.52 6.44 6.24 7.94 6.83 7.23
25. TRADE 16.95 15.33 14.69 15.66 15.61 15.09 13.41 12.81
27. Road Transport 2.29 1.69 1.79 1.85 1.89 2.47 0.99 1.08
28. Rail Transport & Pipelines 0 0 0 0 0 0 0 0
29. Water Transport 0.01 0.01 0.01 0.01 0.01 0 0.01 0.01
30. Air Transport 0.13 0.1 0.15 0.16 0.14 0.14 0.06 0.11
34. Publishing, 0.03 0.03 0.02 0.02 0.03 0.03 0.02 0.02
34. Motion Pictures, Sound recording and Music production 1.18 0.94 0.74 0.8 0.9 1.06 0.82 0.73
36. Broadcasting 1.66 2.05 1.05 1.34 1.51 1.52 2.04 1.05
39. Insurance 0.49 0.52 0.34 0.3 0.41 0.46 0.38 0.27
40. REAL ESTATE 5.79 6.35 6.3 6.45 6.24 5.23 5.41 5.6
44. EDUCATION 2.06 1.71 2.02 2.41 2.06 1.97 1.37 1.64
45. HUMAN HEALTH AND SOCIAL SERVICES 0.64 0.68 0.58 0.59 0.62 0.61 0.7 0.62
46. OTHER SERVICES 4.25 3.03 2.43 3.55 3.28 3.93 2.7 2.23
GDP at current basic price 100 100 100 100 100 100 100 100
93
APPENDIX
Table Seven: Gross Domestic Product At 2010 Basic Prices Percentage Distribution
2019 2020
ACTIVITY SECTOR
AGRICULTURE
1. Crop Production 19.13 20.34 27.01 23.55 22.67 19.23 21.97 28.41
2. Livestock 1.79 1.67 1.57 1.74 1.7 1.77 1.82 1.67
3. Forestry 0.26 0.29 0.24 0.26 0.26 0.26 0.32 0.26
4. Fishing 0.71 0.48 0.42 0.53 0.53 0.7 0.54 0.43
6. Coal Mining 0.02 0.01 0 0.01 0.01 0.01 0.02 0
7. Metal Ores 0.02 0.01 0.01 0 0.01 0.02 0.01 0.01
8. Quarrying and Other Minerals 0.04 0.12 0.12 0.14 0.11 0.01 0.12 0.17
MANUFACTURING
9. Oil Refining 0.09 0.17 0.14 0.15 0.14 0.04 0.06 0.05
10. Cement 0.93 0.82 0.84 0.76 0.83 0.93 0.83 0.97
11. Food, Beverage and Tobacco 4.48 4.2 4 3.97 4.15 4.45 4.34 4.38
24. CONSTRUCTION 4.09 4.45 3.01 3.44 3.72 4.08 3.23 3.21
25. TRADE 16.86 16.07 15.23 15.99 16.01 16.08 14.28 13.88
27. Road Transport 1.56 1.19 1.19 1.17 1.27 1.58 0.61 0.66
28. Rail Transport & Pipelines 0 0 0 0 0 0 0 0
29. Water Transport 0 0.01 0.01 0.01 0.01 0 0.01 0.01
30. Air Transport 0.11 0.1 0.13 0.13 0.12 0.11 0.05 0.08
INFORMATION AND COMMUNICATION 0
34. Publishing, 0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.02
34. Motion Pictures, Sound recording and Music production 1.32 0.99 0.87 0.93 1.02 1.3 1 0.92
36. Broadcasting 1.86 2.16 1.24 1.56 1.69 1.86 2.5 1.32
FINANCIAL AND INSURANCE 0
39. Insurance 0.49 0.54 0.35 0.31 0.42 0.49 0.41 0.3
40. REAL ESTATE 5.57 6.43 6.21 6.21 6.12 5.21 5.34 5.58
44. EDUCATION 2.11 1.77 2.12 2.47 2.13 2.08 1.43 1.74
45. HUMAN HEALTH AND SOCIAL SERVICES 0.68 0.71 0.64 0.63 0.66 0.68 0.77 0.68
46. OTHER SERVICES 4.23 3.18 2.52 3.62 3.37 4.19 2.87 2.41
GDP at 2010 constant price 100 100 100 100 100 100 100 100
94
APPENDIX
Table Eight: Quarterly Contribution to Gross Domestic Product (%),

at 2010 Constant Basic Prices
2019 2020
CONTRIBUTION TO GDP
AGRICULTURE 21.89 22.78 29.25 26.09 25.16 21.96 24.65 30.77

INDUSTRIES 23.56 23.34 22.17 20.27 22.25 23.65 21.87 21.59
SERVICES 54.55 53.87 48.59 53.64 52.6 54.39 53.49 47.64
100 100 100 100 100 100 100 100
NON OIL 90.78 91.02 90.23 92.68 91.22 90.5 91.07 91.27
OIL 9.22 8.98 9.77 7.32 8.78 9.5 8.93 8.73
100 100 100 100 100 100 100 100
Table Nine: Quarterly Real Growth Rate by Sector (%) Year-on-Year

2019 2020
GROWTH
AGRICULTURE 3.17 1.79 2.28 2.31 2.36 2.2 1.58 1.39

INDUSTRIES 0.42 2.84 3.21 2.75 2.31 2.26 -12.05 -6.12
SERVICES 2.41 1.94 1.87 2.6 2.22 1.57 -6.78 -5.49
REAL GROWTH RATE AT BASIC PRICE 2.1 2.12 2.28 2.55 2.27 1.87 -6.1 -3.62
REAL GROWTH RATE AT MARKET PRICE 2.06 2.14 2.14 2.46 2.21 1.95 -6.04 -3.14
NON OIL GROWTH RATE 2.47 1.64 1.85 2.26 2.06 1.55 -6.05 -2.51
OIL GROWTH RATE -1.46 7.17 6.49 6.36 4.59 5.06 -6.63 -13.89
Table Ten: Annual Real Contribution & Growth Rate by Sector (%) Year-on-Year
CONTRIBUTION TO GDP 2012 2013 2014 2015 2016 2017 2018 2019
AGRICULTURE 23.91 23.33 22.9 23.11 24.45 25.08 25.13 25.16

INDUSTRY 25.61 24.81 24.93 23.71 21.96 22.25 22.24 22.25
SERVICES 50.48 51.86 52.16 53.18 53.59 52.67 52.63 52.6
100 100 100 100 100 100 100 100
GROWTH 2012 2013 2014 2015 2016 2017 2018 2019
AGRICULTURE 6.7 2.94 4.27 3.72 4.11 3.45 2.12 2.36

INDUSTRY 2.43 2.16 6.76 -2.24 -8.85 2.15 1.87 2.31
SERVICES 3.97 8.38 6.85 4.78 -0.82 -0.91 1.83 2.22
REAL GROWTH RATE AT BASIC PRICE 4.21 5.49 6.22 2.79 -1.58 0.82 1.91 2.27
REAL GROWTH RATE AT MARKET PRICE 4.28 5.39 6.31 2.65 -1.62 0.81 1.92 2.21
NON OIL GROWTH RATE 5.81 8.42 7.18 3.75 -0.22 0.47 2 2.06
OIL GROWTH RATE -4.95 -13.07 -1.32 -5.45 -14.45 4.69 0.97 4.59
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Issue 27: Quarter Three, 2020
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NATIONAL BUREAU OF STATISTICS

Nigerian Gross Domestic

Report Date: November 2020

Data Source: National Bureau of Statistics (NBS)

Overview of GDP Third Quarter 2020 3

Major Economic Sectors: Q3 2020 8

Dr. Yemi Kale,

Figure1: Real GDP Growth

Figure 2: Crude Oil Output (MBPD)

Figure 3: Crude Oil and Non-Oil Growth

NOMINAL GDP REAL GDP

N39.09 trillion N17.82 trillion

Q1 2019 Q2 2019 Q2 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020

YEARLY GDP GROWTH RATE

2012 2013 2014 2015 2016 2017 2018 2019

CONTRIBUTION OF OIL AND CONTRIBUTION OF OIL AND

90.78 91.02 90.23 92.68 90.50 91.07 91.27

91.27% NON - OIL

9.22 8.98 9.77 7.32 9.50 8.93 8.73

OIL PRODUCTION (MBPD) CONTRIBUTION TO REAL GDP

SHARE OF AGRICULTURE, SHARE OF OIL

Mining & Quarrying

Figure 4: Mining and Quarrying real growth

Mining and Quarrying sector

Quarrying and Other Minerals

Figure 5: Agriculture real growth

Figure 6: Manufacturing real growth

Food, Beverage and Tobacco

Textile, Apparel and Footwear

Textile, Apparel and Footwear under Manufacturing sector contracted by -12.12% in Q3

Wood and Wood Products

Pulp, Paper and Paper Products

Chemical and Pharmaceutical Products

Chemical and Pharmaceutical Products under Manufacturing sector grew by 6.6% in Q3

Non-Metallic Products under Manufacturing sector contracted by -12.23% in Q3 2020

Plastic and Rubber Products

Plastic and Rubber Products under Manufacturing sector contracted by -6.96% in Q3

Electrical and Electronics

Electrical and Electronics under Manufacturing sector contracted by -20.12% in Q3 2020

Basic metal , Iron and Steel

Motor Vehicles & Assembly

Other Manufacturing under Manufacturing sector contracted by -13.03% in Q3 2020

Figure 7: Elect. Gas an Steam real growth

Electricity, Gas ,Steam And Air Conditioning Supply

Figure 8: Construction real growth

Figure 9: Trade real growth

Wholesale and Retail Trade

Accommodation and Food Services

Accommodation and Food Services sector contracted by -22.61% in Q3 2020 from -

Figure 10: Info and Communication real growth

Information and Communication sector

Information and Communication sector grew by 14.56% in Q3 2020 from 16.52% in Q2

Telecommunications & Information Services

Publishing under Information and Communication sector contracted by -5.77% in Q3

Broadcasting under Information and Communication sector grew by 3.23% in Q3 2020

Transportation and Storage sector

Transportation and Storage sector contracted by -42.98% in Q3 2020 from -49.23% in Q2

Road Transport under Transportation and Storage sector contracted by -46.64% in Q3

Rail Transport & Pipelines