Annual gdp growth in Nigeria
Nigeria: Annual gdp growth was 2.86 in 2023. ◆ Volatile
Latest (2023)
2.86
Change on year
down 12.0%
World rank
108th
of 211 countries
All-time high
15.33
in 2002
All-time low
-1.79
in 2020
Years of data
24
2000–2023
Annual gdp growth in Nigeria, 2000–2023
Source: Our World in Data.
Analysis
In 2023, annual gdp growth in Nigeria stood at 2.86.
Compared with earlier readings it is down 12.0% on the previous year and down 57.1% over ten years.
Over the whole period, annual gdp growth in Nigeria peaked at 15.33 in 2002 and was at its lowest, -1.79, in 2020.
That places Nigeria 108th out of 211 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.68 | 5.02 | 15.33 | 10 |
| 2010s | 3.65 | -1.62 | 8.01 | 10 |
| 2020s | 1.99 | -1.79 | 3.65 | 4 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Inflation of consumer prices 23.01 (2025)
- Gdp per capita worldbank constant usd 2,369 (2025)
- Manufacturing value added to gdp 8.26 (2025)
- Gdp worldbank constant usd 562.59 billion (2025)
- Gdp per capita in international and market dollars 2,369 (2025)
- DEC alternative conversion factor 1,518 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 35.23 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 23.20 billion current US$ (2025)
- Taxes less subsidies on products 10.36 trillion current LCU (2025)
- Taxes less subsidies on products 6.82 billion current US$ (2025)
Frequently asked questions
- What is annual gdp growth in Nigeria?
- Annual gdp growth in Nigeria was 2.86 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in Nigeria?
- The highest recorded value was 15.33 in 2002.
- What is the lowest annual gdp growth recorded in Nigeria?
- The lowest recorded value was -1.79 in 2020.
- How does Nigeria rank for annual gdp growth?
- Nigeria ranks 108th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Nigeria?
- Over the last ten years it is down 57.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).