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.

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) in Nigeria expanded 3.84 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides - Nigeria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria NG: Stocks Traded: Total Value: % of GDP data was reported at 0.587 % in 2017. This records an increase from the previous number of 0.373 % for 2016. Nigeria NG: Stocks Traded: Total Value: % of GDP data is updated yearly, averaging 0.922 % from Dec 1993 (Median) to 2017, with 22 observations. The data reached an all-time high of 10.429 % in 2007 and a record low of 0.191 % in 1993. Nigeria NG: Stocks Traded: Total Value: % of GDP 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: Financial Sector. The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.; ; World Federation of Exchanges database.; Weighted average; Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

GDP from Services in Nigeria increased to 12974640.87 NGN Million in the fourth quarter of 2024 from 10777518.06 NGN Million in the third quarter of 2024. This dataset provides the latest reported value for - Nigeria Gdp From Services - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This paper examines proxies of money market, capital market, and banks in Nigeria using annual data from 1961 to 2018. We employ autoregressive distributed lag (ARDL) bounds testing approach, Wald test, and vector error correction model (VECM) Granger causality technique to analyse the data. Our findings show that total subscriptions of treasury bills has a positive and negative statistically significant relationship with real gross domestic product (GDP) on the long-run and short-run, respectively. Hence, we argue that markets and banks exhibit competitive interaction in favour of markets in Nigeria. Additionally, our findings show a unidirectional short-run causality from real GDP to value of transactions on the Nigerian Stock Exchange (NSE). Furthermore, our results support the existence of growth-led finance view or demand-following hypothesis in Nigeria, as we observe a unidirectional long-run causality from real GDP to both value of money market instruments outstanding as at end-period and total subscriptions of treasury bills. This study investigates finance-growth nexus in Nigeria with a particular focus on banks and markets. The findings of this research reveal that the role of markets on economic growth is superior to banks in Nigeria. Hence, banks and markets are competitive. Additionally, our empirical findings provide evidence to support the existence of growth-led finance view in Nigeria. This research explains the relevance of the financial system on economic growth in Nigeria and provides corresponding insights to policy makers.

Nigeria NG: GDP: Gross Value Added at Basic Prices data was reported at 229,912,937.296 NGN mn in 2023. This records an increase from the previous number of 199,336,043.780 NGN mn for 2022. Nigeria NG: GDP: Gross Value Added at Basic Prices data is updated yearly, averaging 11,383,658.562 NGN mn from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 229,912,937.296 NGN mn in 2023 and a record low of 137,929.360 NGN mn in 1981. Nigeria NG: GDP: Gross Value Added at Basic Prices 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. Gross value added at basic prices (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at basic prices is derived by subtracting net product taxes from GDP. Data are in current local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

GDP from Manufacturing in Nigeria increased to 1824923.04 NGN Million in the fourth quarter of 2024 from 1651873.40 NGN Million in the third quarter of 2024. This dataset provides the latest reported value for - Nigeria Gdp From Manufacturing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Nigeria NG: Stocks Traded: Total Value data was reported at 2.206 USD bn in 2017. This records an increase from the previous number of 1.510 USD bn for 2016. Nigeria NG: Stocks Traded: Total Value data is updated yearly, averaging 2.080 USD bn from Dec 1993 (Median) to 2017, with 22 observations. The data reached an all-time high of 17.360 USD bn in 2007 and a record low of 30.200 USD mn in 1993. Nigeria NG: Stocks Traded: Total Value 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: Financial Sector. The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.; ; World Federation of Exchanges database.; Sum; Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

Nigeria NG: GDP: 2010 Price: USD: Gross Value Added Per Worker: Services data was reported at 0.008 USD mn in 2017. This records a decrease from the previous number of 0.009 USD mn for 2016. Nigeria NG: GDP: 2010 Price: USD: Gross Value Added Per Worker: Services data is updated yearly, averaging 0.006 USD mn from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 0.009 USD mn in 2015 and a record low of 0.005 USD mn in 1991. Nigeria NG: GDP: 2010 Price: USD: Gross Value Added Per Worker: Services 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: Real. Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2010 U.S. dollars. Services corresponds to the International Standard Industrial Classification (ISIC) tabulation categories G-P (revision 3) or tabulation categories G-U (revision 4), and includes wholesale and retail trade and restaurants and hotels; transport, storage, and communications; financing, insurance, real estate, and business services; and community, social and personal services.; ; Derived using World Bank national accounts data and OECD National Accounts data files, and employment data from International Labour Organization, ILOSTAT database.; Weighted Average;

Nigeria recorded a Government Debt to GDP of 52.90 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Nigeria Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

The Gross Domestic Product (GDP) in Nigeria expanded 10 percent in the third quarter of 2024 over the previous quarter. This dataset provides - Nigeria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Nigeria increased to 79289392.63 NGN Million in the fourth quarter of 2024 from 20115766.93 NGN Million in the third quarter of 2024. This dataset provides - Nigeria GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria NG: GDP: Real: Gross Value Added at Basic Prices data was reported at 76,684,940.770 NGN mn in 2023. This records an increase from the previous number of 74,639,468.943 NGN mn for 2022. Nigeria NG: GDP: Real: Gross Value Added at Basic Prices data is updated yearly, averaging 30,745,192.057 NGN mn from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 76,684,940.770 NGN mn in 2023 and a record low of 16,048,307.755 NGN mn in 1984. Nigeria NG: GDP: Real: Gross Value Added at Basic Prices 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. Gross value added at basic prices (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at basic prices is derived by subtracting net product taxes from GDP. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

GDP from Utilities in Nigeria increased to 152659.19 NGN Million in the fourth quarter of 2024 from 118136.54 NGN Million in the third quarter of 2024. This dataset provides the latest reported value for - Nigeria Gdp From Utilities - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Nigeria NG: GDP: Market Price: Linked Series data was reported at 114,906,663.516 NGN mn in 2017. This records an increase from the previous number of 102,575,418.035 NGN mn for 2016. Nigeria NG: GDP: Market Price: Linked Series data is updated yearly, averaging 11,626,597.491 NGN mn from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 114,906,663.516 NGN mn in 2017 and a record low of 303,811.109 NGN mn in 1989. Nigeria NG: GDP: Market Price: 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. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. 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 current local currency.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

GDP from Construction in Nigeria increased to 778695.90 NGN Million in the fourth quarter of 2024 from 672885.38 NGN Million in the third quarter of 2024. This dataset provides the latest reported value for - Nigeria Gdp From Construction - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation Rate in Nigeria decreased to 22.97 percent in May from 23.71 percent in April of 2025. This dataset provides - Nigeria Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Agriculture in Nigeria increased to 5785472.38 NGN Million in the fourth quarter of 2024 from 5763385.21 NGN Million in the third quarter of 2024. This dataset provides the latest reported value for - Nigeria Gdp From Agriculture - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.