GDP in Nigeria
Nigeria: GDP was 562.59 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
562.59 billion constant 2015 US$
Change on year
up 4.0%
World rank
25th
of 212 countries
All-time high
562.59 billion constant 2015 US$
in 2025
All-time low
65.10 billion constant 2015 US$
in 1968
Years of data
66
1960–2025
GDP in Nigeria, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Nigeria recorded 562.59 billion constant 2015 US$ for gdp in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 4.0% on the previous year and up 14.1% over ten years.
Over the whole period, gdp in Nigeria peaked at 562.59 billion constant 2015 US$ in 2025 and was at its lowest, 65.10 billion constant 2015 US$, in 1968.
Nigeria ranks 25th of 212 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Nigeria, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 65.55 billion constant 2015 US$ | — |
| 1961 | 65.68 billion constant 2015 US$ | +0.2% |
| 1962 | 68.37 billion constant 2015 US$ | +4.1% |
| 1963 | 74.24 billion constant 2015 US$ | +8.6% |
| 1964 | 77.91 billion constant 2015 US$ | +5.0% |
| 1965 | 81.72 billion constant 2015 US$ | +4.9% |
| 1966 | 78.25 billion constant 2015 US$ | -4.3% |
| 1967 | 65.93 billion constant 2015 US$ | -15.7% |
| 1968 | 65.10 billion constant 2015 US$ | -1.2% |
| 1969 | 80.86 billion constant 2015 US$ | +24.2% |
| 1970 | 101.08 billion constant 2015 US$ | +25.0% |
| 1971 | 115.47 billion constant 2015 US$ | +14.2% |
| 1972 | 119.35 billion constant 2015 US$ | +3.4% |
| 1973 | 125.79 billion constant 2015 US$ | +5.4% |
| 1974 | 139.83 billion constant 2015 US$ | +11.2% |
| 1975 | 132.52 billion constant 2015 US$ | -5.2% |
| 1976 | 144.50 billion constant 2015 US$ | +9.0% |
| 1977 | 153.21 billion constant 2015 US$ | +6.0% |
| 1978 | 144.38 billion constant 2015 US$ | -5.8% |
| 1979 | 154.13 billion constant 2015 US$ | +6.8% |
| 1980 | 160.62 billion constant 2015 US$ | +4.2% |
| 1981 | 139.53 billion constant 2015 US$ | -13.1% |
| 1982 | 130.04 billion constant 2015 US$ | -6.8% |
| 1983 | 115.83 billion constant 2015 US$ | -10.9% |
| 1984 | 114.54 billion constant 2015 US$ | -1.1% |
| 1985 | 121.31 billion constant 2015 US$ | +5.9% |
| 1986 | 121.39 billion constant 2015 US$ | +0.1% |
| 1987 | 125.27 billion constant 2015 US$ | +3.2% |
| 1988 | 134.46 billion constant 2015 US$ | +7.3% |
| 1989 | 137.04 billion constant 2015 US$ | +1.9% |
| 1990 | 153.18 billion constant 2015 US$ | +11.8% |
| 1991 | 153.73 billion constant 2015 US$ | +0.4% |
| 1992 | 160.85 billion constant 2015 US$ | +4.6% |
| 1993 | 157.57 billion constant 2015 US$ | -2.0% |
| 1994 | 154.71 billion constant 2015 US$ | -1.8% |
| 1995 | 154.60 billion constant 2015 US$ | -0.1% |
| 1996 | 161.09 billion constant 2015 US$ | +4.2% |
| 1997 | 165.82 billion constant 2015 US$ | +2.9% |
| 1998 | 170.10 billion constant 2015 US$ | +2.6% |
| 1999 | 171.09 billion constant 2015 US$ | +0.6% |
| 2000 | 179.68 billion constant 2015 US$ | +5.0% |
| 2001 | 190.31 billion constant 2015 US$ | +5.9% |
| 2002 | 219.48 billion constant 2015 US$ | +15.3% |
| 2003 | 235.61 billion constant 2015 US$ | +7.3% |
| 2004 | 257.40 billion constant 2015 US$ | +9.3% |
| 2005 | 273.97 billion constant 2015 US$ | +6.4% |
| 2006 | 290.57 billion constant 2015 US$ | +6.1% |
| 2007 | 309.73 billion constant 2015 US$ | +6.6% |
| 2008 | 330.68 billion constant 2015 US$ | +6.8% |
| 2009 | 357.25 billion constant 2015 US$ | +8.0% |
| 2010 | 385.86 billion constant 2015 US$ | +8.0% |
| 2011 | 406.34 billion constant 2015 US$ | +5.3% |
| 2012 | 423.52 billion constant 2015 US$ | +4.2% |
| 2013 | 451.78 billion constant 2015 US$ | +6.7% |
| 2014 | 480.29 billion constant 2015 US$ | +6.3% |
| 2015 | 493.03 billion constant 2015 US$ | +2.7% |
| 2016 | 485.06 billion constant 2015 US$ | -1.6% |
| 2017 | 488.96 billion constant 2015 US$ | +0.8% |
| 2018 | 498.37 billion constant 2015 US$ | +1.9% |
| 2019 | 509.37 billion constant 2015 US$ | +2.2% |
| 2020 | 476.93 billion constant 2015 US$ | -6.4% |
| 2021 | 482.22 billion constant 2015 US$ | +1.1% |
| 2022 | 503.05 billion constant 2015 US$ | +4.3% |
| 2023 | 519.73 billion constant 2015 US$ | +3.3% |
| 2024 | 540.89 billion constant 2015 US$ | +4.1% |
| 2025 | 562.59 billion constant 2015 US$ | +4.0% |
Nigeria compared with similar countries
- Nigeria's 562.59 billion constant 2015 US$ is above the median for lower middle income countries, which is 28.68 billion constant 2015 US$, 19.6× the median. (47 countries reporting)
- Nigeria's 562.59 billion constant 2015 US$ is above the median for Sub-Saharan Africa, which is 16.42 billion constant 2015 US$, 34.3× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 72.36 billion constant 2015 US$ | 65.10 billion constant 2015 US$ | 81.72 billion constant 2015 US$ | 10 |
| 1970s | 133.03 billion constant 2015 US$ | 101.08 billion constant 2015 US$ | 154.13 billion constant 2015 US$ | 10 |
| 1980s | 130.00 billion constant 2015 US$ | 114.54 billion constant 2015 US$ | 160.62 billion constant 2015 US$ | 10 |
| 1990s | 160.27 billion constant 2015 US$ | 153.18 billion constant 2015 US$ | 171.09 billion constant 2015 US$ | 10 |
| 2000s | 264.47 billion constant 2015 US$ | 179.68 billion constant 2015 US$ | 357.25 billion constant 2015 US$ | 10 |
| 2010s | 462.26 billion constant 2015 US$ | 385.86 billion constant 2015 US$ | 509.37 billion constant 2015 US$ | 10 |
| 2020s | 514.23 billion constant 2015 US$ | 476.93 billion constant 2015 US$ | 562.59 billion constant 2015 US$ | 6 |
Countries ranked near Nigeria
- 22 Argentina 609.23 billion constant 2015 US$ compare
- 23 Sweden 582.97 billion constant 2015 US$ compare
- 24 Ireland 572.66 billion constant 2015 US$ compare
- 26 Belgium 539.12 billion constant 2015 US$ compare
- 27 Iran 519.15 billion constant 2015 US$ compare
- 28 Egypt 503.37 billion constant 2015 US$ compare
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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gdp in Nigeria?
- Gdp in Nigeria was 562.59 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Nigeria?
- The highest recorded value was 562.59 billion constant 2015 US$ in 2025.
- What is the lowest gdp recorded in Nigeria?
- The lowest recorded value was 65.10 billion constant 2015 US$ in 1968.
- How does Nigeria rank for gdp?
- Nigeria ranks 25th out of 212 countries with data for 2025.
- Is gdp rising or falling in Nigeria?
- Over the last ten years it is up 14.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.