Nigeria’s Gross Domestic Product (GDP) experienced an increase of 3.98 percent year-over-year in real terms during the third quarter of 2025.
This recent figure reflects a modest rise from the 3.86 percent achieved in the equivalent period of 2024.
This information is derived from the newly released data by the National Bureau of Statistics (NBS) on Monday.
According to the NBS report, the agricultural sector witnessed a growth rate of 3.79 percent, an improvement from 2.55 percent in the third quarter of 2024.
The industrial sector also showed a commendable growth of 3.77 percent, in contrast to 2.78 percent from the same quarter last year.
Conversely, the growth rate in the services sector decelerated to 4.15 percent from the 4.97 percent recorded in Q3 2024. Despite this slowdown, the services sector continued to be the leading contributor to the economy, accounting for 53.02 percent of total GDP during the quarter, a slight increase from the 52.93 percent reported in the analogous period of 2024.
