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.

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.

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.

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.

Nigeria NG: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data was reported at 109,433,099.125 NGN mn in 2021. This records an increase from the previous number of 98,583,822.750 NGN mn for 2020. Nigeria NG: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data is updated yearly, averaging 13,440,209.478 NGN mn from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 109,433,099.125 NGN mn in 2021 and a record low of 159,082.491 NGN mn in 1990. Nigeria NG: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series 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: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

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.

Full Year GDP Growth in Nigeria increased to 3.40 percent in 2024 from 2.74 percent in 2023. This dataset includes a chart with historical data for Nigeria Full Year Gdp Growth.

Nigeria NG: GDP: Real: Gross Capital Formation data was reported at 10,424,818.103 NGN mn in 2016. This records a decrease from the previous number of 10,949,730.370 NGN mn for 2015. Nigeria NG: GDP: Real: Gross Capital Formation data is updated yearly, averaging 2,766,912.531 NGN mn from Dec 1981 (Median) to 2016, with 36 observations. The data reached an all-time high of 11,120,361.370 NGN mn in 2014 and a record low of 1,439,069.524 NGN mn in 1988. Nigeria NG: GDP: Real: Gross Capital Formation 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. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

GDP from Utilities in Nigeria increased to 152659.19 NGN Million in the fourth quarter of 2024 from 118136.54 NGN Million in the third quarter of 2024. This dataset provides the latest reported value for - Nigeria Gdp From Utilities - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP Deflator in Nigeria decreased to 346.63 points in the fourth quarter of 2024 from 353.61 points in the third quarter of 2024. This dataset provides - Nigeria Gdp Deflator- actual values, historical data, forecast, chart, statistics, economic calendar 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.

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.

GDP Constant Prices in Nigeria increased to 79289392.63 NGN Million in the fourth quarter of 2024 from 20115766.93 NGN Million in the third quarter of 2024. This dataset provides - Nigeria GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria NG: Current Health Expenditure: % of GDP data was reported at 3.565 % in 2015. This records an increase from the previous number of 3.331 % for 2014. Nigeria NG: Current Health Expenditure: % of GDP data is updated yearly, averaging 3.461 % from Dec 2000 (Median) to 2015, with 16 observations. The data reached an all-time high of 4.453 % in 2003 and a record low of 2.143 % in 2002. Nigeria NG: Current Health Expenditure: % of GDP 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: Health Statistics. Level of current health expenditure expressed as a percentage of GDP. Estimates of current health expenditures include healthcare goods and services consumed during each year. This indicator does not include capital health expenditures such as buildings, machinery, IT and stocks of vaccines for emergency or outbreaks.; ; World Health Organization Global Health Expenditure database (http://apps.who.int/nha/database).; Weighted average;

Nigeria recorded a Current Account deficit of 0.50 percent of the country's Gross Domestic Product in 2024. This dataset provides - Nigeria Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria NG: General Government: Expenditure: % of GDP data was reported at 12.514 % in 2023. This records an increase from the previous number of 12.443 % for 2022. Nigeria NG: General Government: Expenditure: % of GDP data is updated yearly, averaging 14.922 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 30.857 % in 2001 and a record low of 9.482 % in 2016. Nigeria NG: General Government: Expenditure: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Nigeria – Table NG.IMF.FM: Government Finance Statistics.

Nigeria recorded a Government Debt to GDP of 52.90 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Nigeria Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP from Manufacturing in Nigeria increased to 1824923.04 NGN Million in the fourth quarter of 2024 from 1651873.40 NGN Million in the third quarter of 2024. This dataset provides the latest reported value for - Nigeria Gdp From Manufacturing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP from Public Administration in Nigeria increased to 466688.83 NGN Million in the fourth quarter of 2024 from 407231.74 NGN Million in the third quarter of 2024. This dataset provides the latest reported value for - Nigeria Gdp From Public Administration - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.