The Gross Domestic Product (GDP) in Nigeria expanded 4.23 percent in the second quarter of 2025 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.

The Gross Domestic Product (GDP) in Nigeria expanded 10 percent in the third quarter of 2024 over the previous quarter. This dataset provides - Nigeria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

In the second quarter of 2023, Nigeria's real estate sector grew by about 1.87 percent compared to the same quarter of the previous year. Over the observed period, the growth rate reached its highest value in the third quarter of 2022, as it grew by 4.56 percent compared to the same quarter of the previous year.

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.

Investment as percent of GDP in Nigeria, December, 2023 The most recent value is 38.56 percent as of Q4 2023, an increase compared to the previous value of 29.83 percent. Historically, the average for Nigeria from Q1 2010 to Q4 2023 is 20.99 percent. The minimum of 12.61 percent was recorded in Q3 2016, while the maximum of 39.09 percent was reached in Q1 2023. | TheGlobalEconomy.com

Key information about Nigeria Foreign Direct Investment: % of GDP

• Nigeria Foreign Direct Investment (FDI) registered a growth equal to 1.3 % of the country's Nominal GDP in Sep 2024, compared with a growth equal to 1.2 % in the previous quarter.
• Nigeria Foreign Direct Investment: % of Nominal GDP data is updated quarterly, available from Mar 2010 to Sep 2024.
• The data reached an all-time high of 2.5 % in Dec 2012 and a record low -0.7 % in Mar 2024.

CEIC calculates Foreign Direct Investment as % of Nominal GDP from quarterly Foreign Direct Investment and quarterly Nominal GDP. The Central Bank of Nigeria provides Foreign Direct Investment in 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. Foreign Direct Investment prior to Q1 2014 is based on BPM5.


Related information about Nigeria Foreign Direct Investment: % of GDP

• In the latest reports of Nigeria, Current Account recorded a surplus of 5.1 USD bn in Jun 2024.
• Foreign Direct Investment (FDI) increased by 1.2 USD bn in Mar 2023.
• Nigeria Direct Investment Abroad fell by 831.3 USD mn in Jun 2024.
• Its Foreign Portfolio Investment increased by 4.4 USD bn in Jun 2024.
• The country's Nominal GDP was reported at 111.3 USD bn in Mar 2023.

Key information about Nigeria Foreign Portfolio Investment: % of GDP

• Nigeria Foreign Portfolio Investment: % of GDP was reported at 4.3 % in Sep 2024.
• This records a decrease from the previous number of 10.0 % for Jun 2024.
• Nigeria Foreign Portfolio Investment: % of GDP data is updated quarterly, averaging 1.2 % from Mar 2010 to Sep 2024, with 59 observations.
• The data reached an all-time high of 10.0 % in Jun 2024 and a record low of -5.6 % in Sep 2018.
• Nigeria Foreign Portfolio Investment: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Foreign Portfolio Investment: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Foreign Portfolio Investment as % of Nominal GDP from quarterly Foreign Portfolio Investment and quarterly Nominal GDP. The Central Bank of Nigeria provides Foreign Portfolio Investment in 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. Foreign Portfolio Investment prior to Q1 2014 is based on BPM5.

Key information about Nigeria Direct Investment Abroad

• Nigeria Direct Investment Abroad fell by 831.3 USD mn in Jun 2024, compared with a drop of 716.2 USD mn in the previous quarter.
• Nigeria Direct Investment Abroad: USD mn data is updated quarterly.
• It is available from Mar 2008 to Jun 2024 and averaged 243.5 USD mn throughout the period.
• The data reached an all-time high of 3.2 USD bn in Dec 2020 and a record low of -1.4 USD bn in Jun 2020.

The Central Bank of Nigeria provides quarterly Direct Investment Abroad in USD. Direct Investment Abroad prior to Q1 2014 is based on BPM5.


Key information about Nigeria Direct Investment Abroad

• In the latest reports of Nigeria, Current Account recorded a surplus of 5.1 USD bn in Jun 2024.
• Foreign Direct Investment (FDI) increased by 1.2 USD bn in Mar 2023.
• Its Foreign Portfolio Investment increased by 4.4 USD bn in Jun 2024.
• The country's Nominal GDP was reported at 111.3 USD bn in Mar 2023.

Inflation Rate in Nigeria decreased to 20.12 percent in August from 21.88 percent in July of 2025. This dataset provides - Nigeria Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Nigeria Foreign Portfolio Investment

• Nigeria Foreign Portfolio Investment increased by 4.417 USD bn in Jun 2024, compared with an increase of 1.400 USD bn in the previous quarter.
• Nigeria Foreign Portfolio Investment: USD mn data is updated quarterly, available from Mar 2008 to Jun 2024.
• The data reached an all-time high of 9.111 USD bn in Mar 2019 and a record low of -6.105 USD bn in Sep 2018.

The Central Bank of Nigeria provides quarterly Foreign Portfolio Investment in USD. Foreign Portfolio Investment prior to Q1 2014 is based on BPM5.


Related information about Nigeria Foreign Portfolio Investment

• In the latest reports of Nigeria, Current Account recorded a surplus of 5.143 USD bn in Jun 2024.
• Foreign Direct Investment (FDI) increased by 1.198 USD bn in Mar 2023.
• Nigeria Direct Investment Abroad fell by 831.257 USD mn in Jun 2024.
• The country's Nominal GDP was reported at 111.303 USD bn in Mar 2023.

Cost of food in Nigeria increased 21.87 percent in August of 2025 over the same month in the previous year. This dataset provides - Nigeria Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crop production in Nigeria has shown varied growth patterns in recent years. Between the first quarter of 2019 and the second quarter of 2023, the sector’s growth rate fluctuated significantly, reflecting the challenges and opportunities inherent in the country’s agricultural landscape. The quarter-on-quarter changes further depict the sector’s vulnerability to climatic variability, logistics, and policy directions. While some quarters witnessed positive growth, others experienced contractions at constant 2010 prices. These dynamics highlight the persistent need for strategic investment to stabilize and accelerate agricultural output. Land and labor Nigeria’s agricultural potential is anchored in its vast land resources. As of 2023, the country boasted around 69.4 million hectares of agricultural land, with approximately 36.9 million hectares classified as arable. This substantial land base is a key driver for major crops such as maize, cassava, and yam, securing rural livelihoods and contributing to food security. Despite rapid urban growth, agriculture remains a major employer in Nigeria. In 2023, the sector accounted for about 34.3 percent of all jobs nationwide, emphasizing its socio-economic relevance to the country. Export potential Agricultural exports, while notable, reveal untapped opportunities. In 2023, Nigeria exported agricultural products valued at 2.43 billion U.S. dollars, making up a modest portion of total national exports. This performance signals room for greater value addition and diversification, as well as the importance of policies that can transform raw production into higher foreign exchange earnings for the country.

Investment as percent of GDP in Nigéria, décembre, 2023 Pour cet indicateur, TheGlobalEconomy.com fournit des données pour la Nigéria de Q1 2010 à Q4 2023. La valeur moyenne pour Nigéria pendant cette période était de 20.99 pour cent avec un minimum de 12.61 pour cent en Q3 2016 et un maximum de 39.09 pour cent en Q1 2023. | TheGlobalEconomy.com