The gross domestic product (GDP) per capita in Nigeria amounted to 1,083.51 U.S. dollars in 2024. Between 1990 and 2024, the GDP per capita rose by 148.33 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 599 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.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 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 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.

Key information about Nigeria GDP Per Capita

• Nigeria Gross Domestic Product (GDP) per Capita reached 2,955.323 USD in Dec 2022, compared with 2,853.939 USD in Dec 2021.
• Nigeria GDP Per Capita data is updated yearly, available from Dec 1981 to Dec 2022, with an average number of 581.492 USD.
• The data reached an all-time high of 3,315.550 USD in Dec 2019 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 and 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 4.233 % YoY in Jun 2025.
• Nigeria Nominal GDP reached 63.773 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) fell 55.656 % in Mar 2025.
• Gross Savings Rate of Nigeria was measured at 48.458 % in Dec 2024.

Monthly and long-term Nigeria GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

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

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

Actual value and historical data chart for Nigeria GDP Per Capita Growth Annual Percent

Yearly (annual) dataset of the Nigeria GDP per Capita, including historical data, latest releases, and long-term trends from 1960-12-31 to 2024-12-31. Available for free download in CSV format.

Key information about Nigeria Nominal GDP

• Nigeria Nominal GDP reached 63.8 USD bn in Jun 2025, compared with 61.9 USD bn in the previous quarter.
• Nominal GDP in Nigeria is updated quarterly, available from Mar 2010 to Jun 2025, with an average number of 96.2 USD bn.
• The data reached an all-time high of 151.1 USD bn in Dec 2014 and a record low of 60.3 USD bn in Mar 2024.

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 4.2 % YoY in Jun 2025.
• Its GDP deflator (implicit price deflator) fell 55.7 % in Mar 2025.
• Nigeria GDP Per Capita reached 2,955.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 48.5 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 23.7 % in Dec 2024.
• Public Consumption accounted for 4.6 % in Dec 2024.
• Private Consumption accounted for 47.0 % in Dec 2024.

Actual value and historical data chart for Nigeria GDP Per Capita Ppp Constant 2005 International Dollar

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.

Real GDP per capita of Nigeria improved by 1.29% from 2,416 US dollars in 2023 to 2,448 US dollars in 2024. Since the 3.86% reduction in 2020, real GDP per capita grew by 4.71% in 2024. 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.

Actual value and historical data chart for Nigeria GDP Per Capita Constant 2000 Us Dollar

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.

Real GDP per capita (LCU) of Nigeria rose by 1.29% from 342,001 LCU in 2023 to 346,427 LCU in 2024. Since the 3.86% decline in 2020, real GDP per capita (LCU) went up by 4.71% in 2024. GDP per capita is gross domestic product divided by midyear population. 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.

Key information about Nigeria Public Consumption: % of GDP

• Nigeria Public Consumption accounted for 4.6 % of its Nominal GDP in Dec 2024, compared with a share of 3.2 % in the previous year.
• Nigeria Public Consumption share of Nominal GDP ratio is updated yearly, available from Dec 1981 to Dec 2024, with an average number of 11.5 %.
• The data reached an all-time high of 13.2 % in Apr 2018 and a record low of 8.1 % in Apr 2004.

CEIC calculates Government Consumption as % of Nominal GDP from annual Government Consumption Expenditure and annual Nominal GDP. The National Bureau of Statistics provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Nigeria Public Consumption: % of GDP

• In the latest reports, Nigeria GDP expanded 4.2 % YoY in Jun 2025.
• Nigeria Nominal GDP reached 63.8 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) fell 55.7 % in Mar 2025.
• Nigeria GDP Per Capita reached 2,955.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 48.5 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 23.7 % in Dec 2024.
• Private Consumption accounted for 47.0 % in Dec 2024.

The gross domestic product (GDP) in current prices in Nigeria amounted to 252.11 billion U.S. dollars in 2024. Between 1990 and 2024, the GDP rose by 164.57 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by 191.49 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 Investment: % of GDP

• Nigeria Investment accounted for 23.7 % of its Nominal GDP in Dec 2024, compared with a ratio of 25.3 % in the previous year.
• Nigeria investment share of Nominal GDP data is updated yearly, available from Dec 1981 to Dec 2024, with an average ratio of 27.6 %.
• The data reached an all-time high of 89.4 % in Dec 1981 and a record low of 14.9 % in Dec 2013.

CEIC calculates Investment as % of Nominal GDP from annual Nominal Gross Capital Formation and annual Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. The National Bureau of Statistics provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about Nigeria Investment: % of GDP

• In the latest reports, Nigeria GDP expanded 4.2 % YoY in Jun 2025.
• Nigeria Nominal GDP reached 63.8 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) fell 55.7 % in Mar 2025.
• Nigeria GDP Per Capita reached 2,955.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 48.5 % in Dec 2024.

Real GDP per capita based on PPP of Nigeria climb by 1.29% from 5,593 international dollars in 2023 to 5,665 international dollars in 2024. Since the 3.86% decrease in 2020, real GDP per capita based on PPP increased by 4.71% in 2024. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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.