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.

In the second quarter of 2023, the agricultural sector generated about ** percent of Nigeria's GDP. Other key activities for the country's economy were manufacturing, trade, mining and quarrying, and telecommunication. Moreover, around ***** percent of Nigeria's GDP was covered by the mining and quarrying sector. In particular, the largest contribution was from crude oil and natural gas. Nigeria is one of the key oil-producing countries and largest exporters in the world. Indeed, the country has one of the main oil reserves in the world.

Nigeria GDP Composition by Sector, 2016 Discover more data with ReportLinker!

Nigeria NG: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 8.741 % in 2017. This records an increase from the previous number of 8.680 % for 2016. Nigeria NG: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 18.809 % from Dec 1981 (Median) to 2017, with 37 observations. The data reached an all-time high of 54.207 % in 1982 and a record low of 6.452 % in 2010. Nigeria NG: GDP: % of GDP: Gross Value Added: Industry: Manufacturing 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. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

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.

Industry is the main economic sector in Nigeria. According to a forecast, the contribution of the industry sector to GDP in the country will grow by *** percent in 2025 compared to a *** percent growth in the previous year. On the other hand, the GDP contribution of agriculture is expected to grow by *** percent in 2025.

Nigeria NG: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at -0.212 % in 2017. This records an increase from the previous number of -4.318 % for 2016. Nigeria NG: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 4.524 % from Dec 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 39.050 % in 1985 and a record low of -33.827 % in 1983. Nigeria NG: GDP: Growth: Gross Value Added: Industry: Manufacturing 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 growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Industry (including construction), value added (% of GDP) in Nigeria was reported at 29.65 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In the second quarter of 2022, the sector of arts, entertainment, and recreation accounted for **** percent of Nigeria's GDP. The industry's participation declined compared to the second quarter of 2021, when it reached *** percent.

Nigeria GDP: Basic Prices: Industry: Mfg: Pulp, Paper & Paper Products data was reported at 86,192.508 NGN mn in 2017. This records an increase from the previous number of 70,712.701 NGN mn for 2016. Nigeria GDP: Basic Prices: Industry: Mfg: Pulp, Paper & Paper Products data is updated yearly, averaging 6,347.169 NGN mn from Dec 1981 (Median) to 2017, with 37 observations. The data reached an all-time high of 86,192.508 NGN mn in 2017 and a record low of 194.653 NGN mn in 1981. Nigeria GDP: Basic Prices: Industry: Mfg: Pulp, Paper & Paper Products data remains active status in CEIC and is reported by National Bureau of Statistics of the Federal Republic of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.A007: GDP: by Industry: Current Price: Annual.

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 GDP: Basic Prices: Industry: Mfg: Food, Beverage & Tobacco data was reported at 4,568,843.852 NGN mn in 2017. This records an increase from the previous number of 4,101,673.554 NGN mn for 2016. Nigeria GDP: Basic Prices: Industry: Mfg: Food, Beverage & Tobacco data is updated yearly, averaging 599,014.042 NGN mn from Dec 1981 (Median) to 2017, with 37 observations. The data reached an all-time high of 4,568,843.852 NGN mn in 2017 and a record low of 18,370.355 NGN mn in 1981. Nigeria GDP: Basic Prices: Industry: Mfg: Food, Beverage & Tobacco data remains active status in CEIC and is reported by National Bureau of Statistics of the Federal Republic of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.A007: GDP: by Industry: Current Price: Annual.

Motion picture and music recording accounted for roughly *** billion Nigerian naira (NGN) (roughly ***** million U.S. dollars) of Nigeria's GDP in 2023. Despite the significant contribution of the movie and music industry to the country's GDP, that of telecommunications and information services stood at **** trillion NGN (around **** billion U.S. dollars), representing the most valuable sector in the information and communication industry.

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.

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.

Nigeria: Value added by industry as percent of GDP: The latest value from 2023 is 32.58 percent, an increase from 30.78 percent in 2022. In comparison, the world average is 26.27 percent, based on data from 168 countries. Historically, the average for Nigeria from 1981 to 2023 is 29.75 percent. The minimum value, 18.17 percent, was reached in 2016 while the maximum of 39.25 percent was recorded in 1981.

Before the coronavirus (COVID-19) pandemic, Nigeria's oil sector generally accounted for about nine percent of the country's gross domestic product (GDP). Between October and December 2020, the oil industry contributed to 5.9 percent to the total real GDP, a decrease of roughly three percentage points compared to the previous quarter. In the third quarter of 2023, the contribution of the oil sector to the country's GDP reached 5.48 percent. Impact of the pandemic on the oil sector In 2023, over 91 percent of the value of exports in Nigeria was generated by the mineral fuels, oils, and distillation products' sector, accounting for approximately 60 billion U.S. dollars. In 2019, due to the lower demand related to the COVID-19 pandemic, oil production and export dropped. Data for 2021 shows, indeed, a recovery in the export value derived from oil. Fluctuating oil production Nigeria is one of the largest oil producers in the world. At the beginning of 2020, Nigeria’s daily oil production exceeded two million barrels. Afterwards, the production fluctuated but mainly decreased, reaching 1.35 million barrels per day in October 2023. The lowest production volume since September 2019 was achieved in July 2023.

In 2022, motion picture and music recording accounted for roughly *** percent of Nigeria's GDP. However, despite the notable contribution of the movie and music industry to the country's GDP, telecommunications and information services held **** percent of the country's GDP, representing the most valuable sector in the creative, information, and communication industry.

Nigeria NG: GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 33.436 % in 2015. This stayed constant from the previous number of 33.436 % for 2014. Nigeria NG: GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 33.436 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 34.186 % in 1995 and a record low of 14.161 % in 1993. Nigeria NG: GDP: % of Manufacturing: Medium and High Tech Industry 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. The proportion of medium and high-tech industry value added in total value added of manufacturing; ; United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database; ;

GDP Growth Oil Sector in Nigeria decreased to 1.48 percent in the fourth quarter of 2024 from 5.17 percent in the third quarter of 2024. This dataset includes a chart with historical data for Nigeria GDP Growth Oil Sector.