Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Nigeria
Nigeria: Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP was 3.32 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Nigeria, 1991–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
The most recent figure for africa's development dynamics (afdd) table 02 - annual real gdp in Nigeria is 3.32 Percent per annum, measured in 2029.
The figure is down 0.6% on the previous year and up 50.1% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Nigeria peaked at 14.6 Percent per annum in 2002 and was at its lowest, -1.79 Percent per annum, in 2020.
That places Nigeria 72nd out of 166 countries with data for 2029, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Nigeria, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1991 | -0.552 Percent per annum | — |
| 1992 | 2.19 Percent per annum | -497.3% |
| 1993 | 1.57 Percent per annum | -28.5% |
| 1994 | 0.2566 Percent per annum | -83.6% |
| 1995 | 1.87 Percent per annum | +629.7% |
| 1996 | 4.05 Percent per annum | +116.4% |
| 1997 | 2.89 Percent per annum | -28.8% |
| 1998 | 2.5 Percent per annum | -13.5% |
| 1999 | 0.5218 Percent per annum | -79.1% |
| 2000 | 5.52 Percent per annum | +957.5% |
| 2001 | 6.67 Percent per annum | +20.8% |
| 2002 | 14.6 Percent per annum | +119.1% |
| 2003 | 9.5 Percent per annum | -34.9% |
| 2004 | 10.44 Percent per annum | +9.9% |
| 2005 | 7.01 Percent per annum | -32.9% |
| 2006 | 6.73 Percent per annum | -4.0% |
| 2007 | 7.32 Percent per annum | +8.8% |
| 2008 | 7.2 Percent per annum | -1.6% |
| 2009 | 8.35 Percent per annum | +16.0% |
| 2010 | 11.26 Percent per annum | +34.8% |
| 2011 | 4.89 Percent per annum | -56.6% |
| 2012 | 4.28 Percent per annum | -12.4% |
| 2013 | 5.39 Percent per annum | +26.1% |
| 2014 | 6.31 Percent per annum | +17.0% |
| 2015 | 2.65 Percent per annum | -58.0% |
| 2016 | -1.62 Percent per annum | -161.0% |
| 2017 | 0.8059 Percent per annum | -149.8% |
| 2018 | 1.92 Percent per annum | +138.6% |
| 2019 | 2.21 Percent per annum | +14.9% |
| 2020 | -1.79 Percent per annum | -181.2% |
| 2021 | 3.65 Percent per annum | -303.3% |
| 2022 | 3.25 Percent per annum | -10.8% |
| 2023 | 2.86 Percent per annum | -12.0% |
| 2024 | 3.34 Percent per annum | +16.7% |
| 2025 | 2.96 Percent per annum | -11.2% |
| 2026 | 2.98 Percent per annum | +0.6% |
| 2027 | 3.34 Percent per annum | +12.0% |
| 2028 | 3.34 Percent per annum | -0.1% |
| 2029 | 3.32 Percent per annum | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.7 Percent per annum | -0.552 Percent per annum | 4.05 Percent per annum | 9 |
| 2000s | 8.33 Percent per annum | 5.52 Percent per annum | 14.6 Percent per annum | 10 |
| 2010s | 3.81 Percent per annum | -1.62 Percent per annum | 11.26 Percent per annum | 10 |
| 2020s | 2.72 Percent per annum | -1.79 Percent per annum | 3.65 Percent per annum | 10 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.18 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 348.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 427,154 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.4555 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 557.59 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 209.92 constant LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 256,992 constant LCU per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Nigeria?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Nigeria was 3.32 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Nigeria?
- The highest recorded value was 14.6 Percent per annum in 2002.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Nigeria?
- The lowest recorded value was -1.79 Percent per annum in 2020.
- How does Nigeria rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Nigeria ranks 72nd out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Nigeria?
- Over the last ten years it is up 50.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.