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).

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.

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 NG: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 2,080.000 USD in 2017. This records a decrease from the previous number of 2,450.000 USD for 2016. Nigeria NG: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 325.000 USD from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 2,980.000 USD in 2014 and a record low of 100.000 USD in 1968. Nigeria NG: GDP: USD: Gross National Income per Capita: Atlas Method 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: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI 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. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

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.

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.

• 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, 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 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.

Nigeria NG: GDP: USD: Adjusted Net National Income per Capita data was reported at 1,830.842 USD in 2016. This records a decrease from the previous number of 2,242.151 USD for 2015. Nigeria NG: GDP: USD: Adjusted Net National Income per Capita data is updated yearly, averaging 349.028 USD from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 2,630.354 USD in 2014 and a record low of 68.541 USD in 1993. Nigeria NG: GDP: USD: Adjusted Net National Income per Capita 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: Nominal. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted Average;

In the second quarter of 2023, Nigeria's Gross Domestic Product stood at 52.1 trillion Nigerian naira (NGN), around 66.84 billion U.S. dollars. In 2021, the value reached around 173.5 trillion NGN, over 390 billion U.S. dollars at the time. Moreover, Nigeria has one of the largest GDPs in Africa. Its GDP per capita ranked the nation 22nd among African countries in 2022.

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.

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.

Nigeria: Personal income per capita, U.S. dollars: The latest value from is U.S. dollars, unavailable from U.S. dollars in . In comparison, the world average is 0 U.S. dollars, based on data from countries. Historically, the average for Nigeria from to is U.S. dollars. The minimum value, U.S. dollars, was reached in while the maximum of U.S. dollars was recorded in .

Nigeria NG: GNI per Capita: USD: 2015 Price data was reported at 2,519.086 USD in 2015. Nigeria NG: GNI per Capita: USD: 2015 Price data is updated yearly, averaging 2,519.086 USD from Dec 2015 (Median) to 2015, with 1 observations. The data reached an all-time high of 2,519.086 USD in 2015 and a record low of 2,519.086 USD in 2015. Nigeria NG: GNI per Capita: USD: 2015 Price 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. GNI per capita is gross national income divided by midyear population. 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 constant 2015 U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Nigeria NG: GDP: 2010 Price: USD: Adjusted Net National Income per Capita data was reported at 1,617.312 USD in 2016. This records a decrease from the previous number of 1,815.132 USD for 2015. Nigeria NG: GDP: 2010 Price: USD: Adjusted Net National Income per Capita data is updated yearly, averaging 974.817 USD from Dec 1981 (Median) to 2016, with 36 observations. The data reached an all-time high of 1,917.697 USD in 2014 and a record low of 487.298 USD in 1993. Nigeria NG: GDP: 2010 Price: USD: Adjusted Net National Income per Capita 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. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;

This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

• 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.

Nigeria NG: Adjusted Net National Income per Capita: USD: 2015 Price data was reported at 2,241.012 USD in 2015. Nigeria NG: Adjusted Net National Income per Capita: USD: 2015 Price data is updated yearly, averaging 2,241.012 USD from Dec 2015 (Median) to 2015, with 1 observations. The data reached an all-time high of 2,241.012 USD in 2015 and a record low of 2,241.012 USD in 2015. Nigeria NG: Adjusted Net National Income per Capita: USD: 2015 Price 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. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;Weighted average;