The Gross Domestic Product per capita in Nigeria was last recorded at 2447.64 US dollars in 2024. The GDP per Capita in Nigeria is equivalent to 19 percent of the world's average. This dataset provides the latest reported value for - Nigeria GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The gross domestic product (GDP) per capita in Nigeria amounted to 1,083.51 U.S. dollars in 2024. Between 1990 and 2024, the GDP per capita rose by 148.33 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 599 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

The Gross Domestic Product per capita in Nigeria was last recorded at 5665.45 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Nigeria, when adjusted by Purchasing Power Parity is equivalent to 32 percent of the world's average. This dataset provides - Nigeria GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Nigeria GDP Per Capita

• Nigeria Gross Domestic Product (GDP) per Capita reached 2,955.323 USD in Dec 2022, compared with 2,853.939 USD in Dec 2021.
• Nigeria GDP Per Capita data is updated yearly, available from Dec 1981 to Dec 2022, with an average number of 581.492 USD.
• The data reached an all-time high of 3,315.550 USD in Dec 2019 and a record low of 492.767 in Dec 1999.
• CEIC calculates GDP per Capita from annual Nominal GDP and annual Population and converts it into USD. The National Bureau of Statistics provides Nominal GDP in local currency, at basic prices and Population. The Central Bank of Nigeria average market exchange rate is used for currency conversions. GDP per Capita prior to 2000 is calculated from Mid-year Population sourced from the International Monetary Fund.

Related information about Nigeria GDP Per Capita data

• In the latest reports, Nigeria GDP expanded 4.233 % YoY in Jun 2025.
• Nigeria Nominal GDP reached 63.773 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) fell 55.656 % in Mar 2025.
• Gross Savings Rate of Nigeria was measured at 48.458 % in Dec 2024.

Actual value and historical data chart for Nigeria GDP Per Capita Growth Annual Percent

Actual value and historical data chart for Nigeria GDP Per Capita Constant 2000 Us Dollar

Key information about Nigeria Nominal GDP

• Nigeria Nominal GDP reached 63.8 USD bn in Jun 2025, compared with 61.9 USD bn in the previous quarter.
• Nominal GDP in Nigeria is updated quarterly, available from Mar 2010 to Jun 2025, with an average number of 96.2 USD bn.
• The data reached an all-time high of 151.1 USD bn in Dec 2014 and a record low of 60.3 USD bn in Mar 2024.

CEIC converts quarterly Nominal GDP into USD. The National Bureau of Statistics provides Nominal GDP in local currency, at basic prices. The Central Bank of Nigeria average market exchange rate is used for currency conversions.


Related information about Nigeria Nominal GDP

• In the latest reports, Nigeria GDP expanded 4.2 % YoY in Jun 2025.
• Its GDP deflator (implicit price deflator) fell 55.7 % in Mar 2025.
• Nigeria GDP Per Capita reached 2,955.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 48.5 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 23.7 % in Dec 2024.
• Public Consumption accounted for 4.6 % in Dec 2024.
• Private Consumption accounted for 47.0 % in Dec 2024.

The estimated average electric power consumption per capita in Nigeria is projected to reach ****** kilowatt hours by 2025. Both demand from private households as industrial consumption are included in the figures.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to *** countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).

Key information about Nigeria Investment: % of GDP

• Nigeria Investment accounted for 23.7 % of its Nominal GDP in Dec 2024, compared with a ratio of 25.3 % in the previous year.
• Nigeria investment share of Nominal GDP data is updated yearly, available from Dec 1981 to Dec 2024, with an average ratio of 27.6 %.
• The data reached an all-time high of 89.4 % in Dec 1981 and a record low of 14.9 % in Dec 2013.

CEIC calculates Investment as % of Nominal GDP from annual Nominal Gross Capital Formation and annual Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. The National Bureau of Statistics provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about Nigeria Investment: % of GDP

• In the latest reports, Nigeria GDP expanded 4.2 % YoY in Jun 2025.
• Nigeria Nominal GDP reached 63.8 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) fell 55.7 % in Mar 2025.
• Nigeria GDP Per Capita reached 2,955.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 48.5 % in Dec 2024.

Actual value and historical data chart for Nigeria GDP Per Capita Ppp Constant 2005 International Dollar

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

Key information about Nigeria GDP Deflator Growth

• Nigeria GDP deflator (implicit price deflator) fell 55.7 % in Mar 2025, compared with an increase of 11.4 % in the previous quarter.
• Nigeria GDP Deflator Growth data is updated quarterly, available from Mar 2011 to Mar 2025, with an average rate of 47.0 %.
• The data reached an all-time high of 69.2 % in Mar 2021 and a record low of 34.4 % in Sep 2012.

CEIC calculates GDP Deflator Growth from quarterly Nominal and Real GDP. The National Bureau of Statistics provides Nominal GDP in local currency, at basic prices and Real GDP in local currency, at basic 2019 prices. GDP Deflator Growth prior to Q1 2024 is calculated from Real GDP at basic 2010 prices.


Related information about Nigeria GDP Deflator Growth

• In the latest reports, Nigeria GDP expanded 4.2 % YoY in Jun 2025.
• Its Nominal GDP reached 63.8 USD bn in Jun 2025.
• Nigeria GDP Per Capita reached 2,955.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 48.5 % in Dec 2024.

Actual value and historical data chart for Nigeria GDP Per Capita Us Dollar

As of April 2025, South Africa's GDP was estimated at over 410 billion U.S. dollars, the highest in Africa. Egypt followed, with a GDP worth around 347 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with nearly 269 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

Key information about Nigeria Public Consumption: % of GDP

• Nigeria Public Consumption accounted for 4.6 % of its Nominal GDP in Dec 2024, compared with a share of 3.2 % in the previous year.
• Nigeria Public Consumption share of Nominal GDP ratio is updated yearly, available from Dec 1981 to Dec 2024, with an average number of 11.5 %.
• The data reached an all-time high of 13.2 % in Apr 2018 and a record low of 8.1 % in Apr 2004.

CEIC calculates Government Consumption as % of Nominal GDP from annual Government Consumption Expenditure and annual Nominal GDP. The National Bureau of Statistics provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Nigeria Public Consumption: % of GDP

• In the latest reports, Nigeria GDP expanded 4.2 % YoY in Jun 2025.
• Nigeria Nominal GDP reached 63.8 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) fell 55.7 % in Mar 2025.
• Nigeria GDP Per Capita reached 2,955.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 48.5 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 23.7 % in Dec 2024.
• Private Consumption accounted for 47.0 % in Dec 2024.

Key information about Nigeria Private Consumption: % of GDP

• Nigeria Private Consumption accounted for 47.0 % of its Nominal GDP in Dec 2024, compared with a ratio of 47.3 % in the previous year.
• Nigeria Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 1981 to Dec 2024, with an average share of 64.6 %.
• The data reached an all-time high of 81.5 % in Dec 2016 and a record low of 9.8 % in Dec 1981.

CEIC calculates Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. Private Consumption Expenditure is calculated as the sum of Household and NPISHs consumption. The National Bureau of Statistics provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Nigeria Private Consumption: % of GDP

• In the latest reports, Nigeria GDP expanded 4.2 % YoY in Jun 2025.
• Its Nominal GDP reached 63.8 USD bn in Jun 2025.
• Nigeria GDP Per Capita reached 2,955.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 48.5 % in Dec 2024.

Actual value and historical data chart for Nigeria Gni Per Capita PPP Us Dollar

Retirement Notice: This item is in mature support as of November 2025 and will be retired in December 2026. A replacement item has not been identified at this time. Esri recommends updating your maps and apps to phase out use of this item. This layer shows the purchasing power per capita in Nigeria in 2023, in a multiscale map (Country, State, and Local Government Area). Nationally, the purchasing power per capita is 680,581 Nigerian naira. Purchasing Power describes the disposable income (income without taxes and social security contributions, including received transfer payments) of a certain area's population. The figures are in Nigerian naira (NGN) per capita.The pop-up is configured to show the following information at each geography level:Purchasing power per capitaPurchasing power index per areaThe Purchasing Power Index compares the demand for a specific purchasing category in an area, with the national demand for that product or service. The index values at the national level are 100, representing average demand for the country. A value of more than 100 represents higher demand than the national average, and a value of less than 100 represents lower demand than the national average. For example, an index of 120 implies that demand in the area is 20 percent higher than the national average; an index of 80 implies that demand is 20 percent lower than the national average.The source of this data is Michael Bauer Research. The vintage of the data is 2023. This item was last updated in October, 2023 and is updated every 12-18 months as new annual figures are offered.Additional Esri Resources:Esri DemographicsThis item is for visualization purposes only and cannot be exported or used in analysis.We would love to hear from you. If you have any feedback regarding this item or Esri Demographics, please let us know.Permitted use of this data is covered in the DATA section of the Esri Master Agreement (E204CW) and these supplemental terms.

Key information about Nigeria Gross Savings Rate

• Nigeria Gross Savings Rate was measured at 48.5% in Dec 2024, compared with 48.5% in the previous year.
• Nigeria Gross Savings Rate is updated yearly, with data available from Dec 1981 to Dec 2024, and an average rate of 48.5%.
• The data reached an all-time high of 48.5% in Dec 1981 and a record low of 13.1% in Dec 2016.
• CEIC calculates Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Gross Domestic Savings is calculated from Nominal GDP less Final Consumption Expenditure. Final Consumption Expenditure is the sum of Private and Government Consumption Expenditure. The National Bureau of Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Nigeria GDP expanded 4.2% YoY in Jun 2025.
• Nigeria Nominal GDP reached 63,773.0 USD mn in Jun 2025. Its GDP deflator (implicit price deflator) fell 55.7% in Mar 2025.
• Nigeria GDP Per Capita reached 2,955.3 USD in Dec 2022.

GDP per capita (constant LCU) in Nigeria was reported at 346427 LCU in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - GDP per capita (constant LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.