The Gross Domestic Product (GDP) in Nigeria was worth 187.76 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Nigeria represents 0.18 percent of the world economy. This dataset provides the latest reported value for - Nigeria GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Gross Domestic Product Per Capita for Nigeria (PCAGDPNGA646NWDB) from 1960 to 2024 about Nigeria, per capita, and GDP.

GDP per capita, PPP (constant 2017 international $) in Nigeria was reported at 5665 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - GDP per capita, PPP (constant 2005 international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Graph and download economic data for Gross Domestic Product for Nigeria (MKTGDPNGA646NWDB) from 1960 to 2024 about Nigeria and GDP.

Manufacturing, value added (% of GDP) in Nigeria was reported at 13.51 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Manufacturing, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Graph and download economic data for Bank Deposits to GDP for Nigeria (DDOI02NGA156NWDB) from 1960 to 2021 about Nigeria, deposits, banks, depository institutions, and GDP.

GDP per capita (constant 2015 US$) in Nigeria was reported at 2448 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Nigeria GDP: Seasonally Adjusted data was reported at 74,237,984.557 NGN mn in Dec 2024. This records an increase from the previous number of 71,063,095.227 NGN mn for Sep 2024. Nigeria GDP: Seasonally Adjusted data is updated quarterly, averaging 28,630,696.094 NGN mn from Mar 2010 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 74,237,984.557 NGN mn in Dec 2024 and a record low of 13,197,217.222 NGN mn in Mar 2010. Nigeria GDP: Seasonally Adjusted data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.GEM: Gross Domestic Products: Nominal: Quarterly.

Graph and download economic data for Constant GDP per capita for Nigeria (NYGDPPCAPKDNGA) from 1960 to 2024 about Nigeria, per capita, real, and GDP.

Nigeria NG: GDP: Growth: Household Final Consumption Expenditure per Capita data was reported at -8.136 % in 2016. This records a decrease from the previous number of -1.190 % for 2015. Nigeria NG: GDP: Growth: Household Final Consumption Expenditure per Capita data is updated yearly, averaging -1.890 % from Dec 1982 (Median) to 2016, with 35 observations. The data reached an all-time high of 37.928 % in 2001 and a record low of -23.180 % in 1987. Nigeria NG: GDP: Growth: Household Final Consumption Expenditure per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2010 prices and World Bank population estimates. Household final consumption expenditure (private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Graph and download economic data for Remittance Inflows to GDP for Nigeria (DDOI11NGA156NWDB) from 1977 to 2020 about remittances, Nigeria, and GDP.

Nigeria NG: GDP: % of GDP: Final Consumption Expenditure: General Government data was reported at 5.384 % in 2016. This records a decrease from the previous number of 5.935 % for 2015. Nigeria NG: GDP: % of GDP: Final Consumption Expenditure: General Government data is updated yearly, averaging 8.205 % from Dec 1981 (Median) to 2016, with 36 observations. The data reached an all-time high of 17.944 % in 1994 and a record low of 4.833 % in 1991. Nigeria NG: GDP: % of GDP: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Nigeria GDP: USD: Seasonally Adjusted data was reported at 45.586 USD bn in Dec 2024. This records an increase from the previous number of 44.333 USD bn for Sep 2024. Nigeria GDP: USD: Seasonally Adjusted data is updated quarterly, averaging 104.284 USD bn from Mar 2010 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 140.421 USD bn in Sep 2014 and a record low of 44.333 USD bn in Sep 2024. Nigeria GDP: USD: Seasonally Adjusted data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.GEM: Gross Domestic Products: Nominal: Quarterly.

Nigeria NG: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data was reported at 109,433,099.125 NGN mn in 2021. This records an increase from the previous number of 98,583,822.750 NGN mn for 2020. Nigeria NG: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data is updated yearly, averaging 13,440,209.478 NGN mn from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 109,433,099.125 NGN mn in 2021 and a record low of 159,082.491 NGN mn in 1990. Nigeria NG: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

Agriculture, forestry, and fishing, value added (% of GDP) in Nigeria was reported at 20.35 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Agriculture, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

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.

Trade (% of GDP) in Nigeria was reported at 22.58 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Nigeria NG: GDP: Real: Gross National Income data was reported at 67,497,480.759 NGN mn in 2016. This records a decrease from the previous number of 68,240,693.139 NGN mn for 2015. Nigeria NG: GDP: Real: Gross National Income data is updated yearly, averaging 20,814,340.233 NGN mn from Dec 1981 (Median) to 2016, with 36 observations. The data reached an all-time high of 68,240,693.139 NGN mn in 2015 and a record low of 14,099,998.123 NGN mn in 1987. Nigeria NG: GDP: Real: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Real. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Nigeria NG: GDP: Real: GNI per Capita data was reported at 362,909.895 NGN in 2016. This records a decrease from the previous number of 376,642.214 NGN for 2015. Nigeria NG: GDP: Real: GNI per Capita data is updated yearly, averaging 199,140.702 NGN from Dec 1981 (Median) to 2016, with 36 observations. The data reached an all-time high of 376,642.214 NGN in 2015 and a record low of 160,042.424 NGN in 1987. Nigeria NG: GDP: Real: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Real. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

GDP per capita (current US$) in Nigeria was reported at 807 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.