Annual growth rate of real GDP per capita in Nigeria
Nigeria: Annual growth rate of real GDP per capita was 1.9% in 2024. ◆ Volatile
Annual growth rate of real GDP per capita in Nigeria, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual growth rate of real gdp per capita in Nigeria stood at 1.9%.
That represents a change of up 58.3% on the previous year and down 75.0% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Nigeria peaked at 12.2% in 2002 and was at its lowest, -8.3%, in 2020.
That places Nigeria 123rd out of 226 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth rate of real GDP per capita in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2.2% | — |
| 2001 | 3.1% | +40.9% |
| 2002 | 12.2% | +293.5% |
| 2003 | 4.4% | -63.9% |
| 2004 | 6.3% | +43.2% |
| 2005 | 3.5% | -44.4% |
| 2006 | 3.2% | -8.6% |
| 2007 | 3.7% | +15.6% |
| 2008 | 3.8% | +2.7% |
| 2009 | 5.1% | +34.2% |
| 2010 | 6.7% | +31.4% |
| 2011 | 5.9% | -11.9% |
| 2012 | 5.4% | -8.5% |
| 2013 | 6.5% | +20.4% |
| 2014 | 7.6% | +16.9% |
| 2015 | 4.0% | -47.4% |
| 2016 | -0.3% | -107.5% |
| 2017 | 2.2% | -833.3% |
| 2018 | 3.5% | +59.1% |
| 2019 | 3.9% | +11.4% |
| 2020 | -8.3% | -312.8% |
| 2021 | -1.0% | -88.0% |
| 2022 | 2.2% | -320.0% |
| 2023 | 1.2% | -45.5% |
| 2024 | 1.9% | +58.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.8% | 2.2% | 12.2% | 10 |
| 2010s | 4.5% | -0.3% | 7.6% | 10 |
| 2020s | -0.8% | -8.3% | 2.2% | 5 |
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)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is annual growth rate of real gdp per capita in Nigeria?
- Annual growth rate of real gdp per capita in Nigeria was 1.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Nigeria?
- The highest recorded value was 12.2% in 2002.
- What is the lowest annual growth rate of real gdp per capita recorded in Nigeria?
- The lowest recorded value was -8.3% in 2020.
- How does Nigeria rank for annual growth rate of real gdp per capita?
- Nigeria ranks 123rd out of 226 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Nigeria?
- Over the last ten years it is down 75.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
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