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 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 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.

Nigeria GDP per capita for 2023 was $1,597, a 25.37% decline from 2022.

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

<li>Nigeria GDP per capita for 2022 was <strong>$2,139</strong>, a <strong>6.05% increase</strong> from 2021.</li>
<li>Nigeria GDP per capita for 2021 was <strong>$2,017</strong>, a <strong>0.12% decline</strong> from 2020.</li>
<li>Nigeria GDP per capita for 2020 was <strong>$2,020</strong>, a <strong>10.84% 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.

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 growth (annual %) in Nigeria was reported at 1.2944 % in 2024, 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 July of 2025.

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

GDP per capita, PPP (current international $) in Nigeria was reported at 6440 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - GDP per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on July 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.

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 Per Capita

• Nigeria Gross Domestic Product (GDP) per Capita reached 2,057.020 USD in Dec 2021, compared with 2,072.338 USD in Dec 2020.
• Nigeria GDP Per Capita data is updated yearly, available from Dec 1981 to Dec 2021, with an average number of 1,868.471 USD.
• The data reached an all-time high of 3,136.832 USD in Dec 2014 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. The Central Bank of Nigeria provides 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 3.518 % YoY in Dec 2022.
• Nigeria Nominal GDP reached 128.609 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 11.269 % in Dec 2022.
• Gross Savings Rate of Nigeria was measured at 32.735 % in Dec 2021.

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 July 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.

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.

The gross domestic product (GDP) in current prices in Nigeria stood at about 187.64 billion U.S. dollars in 2024. Between 1990 and 2024, the GDP rose by approximately 125.47 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 109.80 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

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.

GDP per capita (current LCU) in Nigeria was reported at 1192601 LCU in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - GDP per capita (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on July 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, 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.

GDP per person employed (constant 2017 PPP $) in Nigeria was reported at 11988 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - GDP per person employed (constant 1990 PPP $) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.