Africa's Development: Annual real GDP growth per capita Growth … 04 in Nigeria
Nigeria: Africa's Development: Annual real GDP growth per capita Growth … 04 was 1.04 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 04 - 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 04 - annual real gdp in Nigeria is 1.04 Percent per annum, measured in 2029.
The figure is up 0.5% on the previous year and up 493.5% over ten years.
Over the whole period, africa's development dynamics (afdd) table 04 - annual real gdp in Nigeria peaked at 11.57 Percent per annum in 2002 and was at its lowest, -4.16 Percent per annum, in 2020.
That places Nigeria 138th out of 166 countries with data for 2029, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development: Annual real GDP growth per capita Growth … 04 in Nigeria, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1991 | -3.07 Percent per annum | — |
| 1992 | -0.3533 Percent per annum | -88.5% |
| 1993 | -0.9942 Percent per annum | +181.4% |
| 1994 | -2.29 Percent per annum | +130.5% |
| 1995 | -0.6997 Percent per annum | -69.5% |
| 1996 | 1.46 Percent per annum | -308.1% |
| 1997 | 0.3226 Percent per annum | -77.8% |
| 1998 | -0.0511 Percent per annum | -115.8% |
| 1999 | -2 Percent per annum | +3821.2% |
| 2000 | 2.81 Percent per annum | -240.2% |
| 2001 | 3.88 Percent per annum | +38.1% |
| 2002 | 11.57 Percent per annum | +198.5% |
| 2003 | 6.59 Percent per annum | -43.0% |
| 2004 | 7.5 Percent per annum | +13.8% |
| 2005 | 4.16 Percent per annum | -44.5% |
| 2006 | 3.89 Percent per annum | -6.7% |
| 2007 | 4.45 Percent per annum | +14.5% |
| 2008 | 4.32 Percent per annum | -2.8% |
| 2009 | 5.44 Percent per annum | +25.8% |
| 2010 | 8.25 Percent per annum | +51.7% |
| 2011 | 2.03 Percent per annum | -75.4% |
| 2012 | 1.45 Percent per annum | -28.4% |
| 2013 | 2.59 Percent per annum | +78.4% |
| 2014 | 3.55 Percent per annum | +37.2% |
| 2015 | 0.077 Percent per annum | -97.8% |
| 2016 | -4.05 Percent per annum | -5365.9% |
| 2017 | -1.71 Percent per annum | -57.8% |
| 2018 | -0.5904 Percent per annum | -65.5% |
| 2019 | -0.2635 Percent per annum | -55.4% |
| 2020 | -4.16 Percent per annum | +1479.8% |
| 2021 | 1.18 Percent per annum | -128.4% |
| 2022 | 0.8233 Percent per annum | -30.4% |
| 2023 | 0.4412 Percent per annum | -46.4% |
| 2024 | 0.9262 Percent per annum | +109.9% |
| 2025 | 0.5847 Percent per annum | -36.9% |
| 2026 | 0.6321 Percent per annum | +8.1% |
| 2027 | 1.01 Percent per annum | +59.3% |
| 2028 | 1.03 Percent per annum | +2.4% |
| 2029 | 1.04 Percent per annum | +0.5% |
Nigeria compared with similar countries
- Nigeria's 1.04 Percent per annum is below the median for lower middle income countries, which is 2.31 Percent per annum, 45% of the median. (41 countries reporting)
- Nigeria's 1.04 Percent per annum is below the median for Sub-Saharan Africa, which is 2.31 Percent per annum, 45% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth per capita Growth … 04 in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | -5365.9% | 0.077 Percent per annum | -4.05 Percent per annum |
| 1999 | -3821.2% | -0.0511 Percent per annum | -2 Percent per annum |
| 2020 | -1479.8% | -0.2635 Percent per annum | -4.16 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.8535 Percent per annum | -3.07 Percent per annum | 1.46 Percent per annum | 9 |
| 2000s | 5.46 Percent per annum | 2.81 Percent per annum | 11.57 Percent per annum | 10 |
| 2010s | 1.13 Percent per annum | -4.05 Percent per annum | 8.25 Percent per annum | 10 |
| 2020s | 0.3503 Percent per annum | -4.16 Percent per annum | 1.18 Percent per annum | 10 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0107 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 13.14 units per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 04 - annual real gdp in Nigeria?
- Africa's development dynamics (afdd) table 04 - annual real gdp in Nigeria was 1.04 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 04 - annual real gdp recorded in Nigeria?
- The highest recorded value was 11.57 Percent per annum in 2002.
- What is the lowest africa's development dynamics (afdd) table 04 - annual real gdp recorded in Nigeria?
- The lowest recorded value was -4.16 Percent per annum in 2020.
- How does Nigeria rank for africa's development dynamics (afdd) table 04 - annual real gdp?
- Nigeria ranks 138th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 04 - annual real gdp rising or falling in Nigeria?
- Over the last ten years it is up 493.5%. 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 04 - Annual real GDP growth per capita — Growth rate of real gross domestic product per capita. 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 4 shows the full time series of annual real GDP growth per capta, up to present, and including projected real GDP growth rates over the next five years calculated using the real GDP growth and population growth figures reported in the AfDD Statistical Annex.