The Gross Domestic Product per capita in Nigeria was last recorded at 2416.36 US dollars in 2023. 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 was estimated at about 824.02 U.S. dollars in 2024. From 1990 to 2024, the GDP per capita rose by approximately 171.10 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by around 307.03 U.S. dollars, showing an overall upward trend with periodic ups and downs.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 5593.06 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Nigeria, when adjusted by Purchasing Power Parity is equivalent to 31 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.

Nigeria GDP per capita for 2023 was $1,621, a 25.04% decline from 2022.

<ul style='margin-top:20px;'>

<li>Nigeria GDP per capita for 2022 was <strong>$2,163</strong>, a <strong>4.69% increase</strong> from 2021.</li>
<li>Nigeria GDP per capita for 2021 was <strong>$2,066</strong>, a <strong>0.43% decline</strong> from 2020.</li>
<li>Nigeria GDP per capita for 2020 was <strong>$2,075</strong>, a <strong>11.11% decline</strong> from 2019.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. GDP 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. Data are in current U.S. dollars.

GDP per capita growth (annual %) in Nigeria was reported at 0.7243 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

The national gross income per capita in Nigeria decreased to ***** U.S. dollars compared to the previous year. This marks the lowest national gross income during the observed period. Gross national income (GNI) per capita is the total amount of money received by a country (regardless of whether it originates in the country or abroad) divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which uses a price adjusted, three year moving average, which smooths out exchange rate fluctuations.Find more statistics on other topics about Nigeria with key insights such as gross national income (GNI), value of personal remittances paid, and personal remittances received.

GDP per capita (current US$) in Nigeria was reported at 1597 USD in 2023, 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 June of 2025.

GDP per capita (constant LCU) in Nigeria was reported at 342001 LCU in 2023, 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 June of 2025.

Graph and download economic data for Constant GDP per capita for Nigeria (NYGDPPCAPKDNGA) from 1960 to 2023 about Nigeria, per capita, real, and GDP.

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.

GDP per capita (constant 2015 US$) in Nigeria was reported at 2416 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

GDP per capita, PPP (constant 2017 international $) in Nigeria was reported at 5593 USD in 2023, 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 June of 2025.

South Africa's GDP was estimated at just over 403 billion U.S. dollars in 2024, the highest in Africa. Egypt followed, with a GDP worth around 380 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with about 260 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 Nominal GDP

• Nigeria Nominal GDP reached 111.3 USD bn in Mar 2023, compared with 128.6 USD bn in the previous quarter.
• Nominal GDP in Nigeria is updated quarterly, available from Mar 2010 to Mar 2023, with an average number of 112.3 USD bn.
• The data reached an all-time high of 151.1 USD bn in Dec 2014 and a record low of 85.0 USD bn in Mar 2010.

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 3.5 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 11.3 % in Dec 2022.
• Nigeria GDP Per Capita reached 2,057.0 USD in Dec 2021.
• Its Gross Savings Rate was measured at 32.7 % in Dec 2021.
• For Nominal GDP contributions, Investment accounted for 33.8 % in Dec 2021.
• Public Consumption accounted for 5.1 % in Dec 2021.
• Private Consumption accounted for 62.2 % in Dec 2021.

Adjusted net national income per capita (current US$) in Nigeria was reported at 1663 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Adjusted net national income per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

The gross national income (GNI) in Nigeria decreased by 111.6 billion U.S. dollars (-24.03 percent) in 2023 in comparison to the previous year. This marks the lowest GNI during the observed period. Gross National Income is the aggregate value added by all resident producers adding product taxes (minus subsidies) not covered in the output valuation plus net receipts of primary income (compensation for income on property and employees) coming from overseas. Figures are in current U.S. dollars.Find more statistics on other topics about Nigeria with key insights such as national gross income per capita, personal remittances received, and value of personal remittances paid.

Adjusted net national income per capita (annual % growth) in Nigeria was reported at 10.18 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Adjusted net national income per capita (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Nigeria GNP for 2023 was 429.50 billion US dollars, a 9.2% decline from 2022.

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<li>Nigeria GNP for 2022 was <strong>473.00 billion US dollars</strong>, a <strong>2.6% increase</strong> from 2021.</li>
<li>Nigeria GNP for 2021 was <strong>461.01 billion US dollars</strong>, a <strong>4.66% increase</strong> from 2020.</li>
<li>Nigeria GNP for 2020 was <strong>440.49 billion US dollars</strong>, a <strong>2.61% increase</strong> from 2019.</li>
</ul>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 current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

Key information about Nigeria Gross National Product (GNP)

• Nigeria Gross National Product (GNP) was reported at 352.906 USD bn in Dec 2023.
• This records a decrease from the previous number of 464.531 USD bn for Dec 2022.
• Nigeria Gross National Product (GNP) data is updated yearly, averaging 52.802 USD bn from Dec 1960 to 2023, with 64 observations.
• The data reached an all-time high of 555.022 USD bn in 2014 and a record low of 4.174 USD bn in 1960.

Related information about Nigeria Gross National Product (GNP) data

• Nigeria Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• The World Bank provides annual Gross National Product in USD.

In 2023, agriculture contributed around 22.72 percent to Nigeria’s GDP, 32.58 percent came from industry, and 42.77 percent from the services sector. Economic sectors The most common breakdown of economic activity in a country is looking at three economic sectors: The primary sector, which involves agriculture, forestry, and fishing, the secondary sector, industry, that includes manufacturing, processing, or transforming goods, and finally, the tertiary sector, services, i.e. providing information or services to consumers, such as in IT, tourism, or banking. A country’s contribution to GDP, and thus its own economy, is easily visible when looking at the performance of these three sectors. Soaring services in NigeriaLike in most thriving economies nowadays, the services sector is gaining momentum in Nigeria, because more and more people are moving from the countryside to the cities to find jobs. Nigeria is a mixed economy which focuses mainly on telecommunications, financial services, and technology, a strategy that is likely to pay off in the future and will see its GDP soaring. Nigeria’s reliance on oil is also an important contributor to its economic success; between 2001 and 2010, it was one of the countries with the highest GDP growth worldwide. However, oil prices are also responsible for a GDP growth slump in 2016 and for the first trade deficit in over a decade.