GDP in Nigeria
Nigeria: GDP was 290.79 billion current US$ in 2025. ◆ Volatile
Latest (2025)
290.79 billion current US$
Change on year
up 15.3%
World rank
50th
of 214 countries
All-time high
668.22 billion current US$
in 2019
All-time low
4.20 billion current US$
in 1960
Years of data
66
1960–2025
GDP in Nigeria, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, gdp in Nigeria stood at 290.79 billion current US$.
That represents a change of up 15.3% on the previous year and down 41.0% over ten years.
Over the whole period, gdp in Nigeria peaked at 668.22 billion current US$ in 2019 and was at its lowest, 4.20 billion current US$, in 1960.
Nigeria ranks 50th of 214 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 4.20 billion current US$ | — |
| 1961 | 4.47 billion current US$ | +6.5% |
| 1962 | 4.91 billion current US$ | +9.9% |
| 1963 | 5.17 billion current US$ | +5.2% |
| 1964 | 5.55 billion current US$ | +7.5% |
| 1965 | 5.87 billion current US$ | +5.8% |
| 1966 | 6.37 billion current US$ | +8.4% |
| 1967 | 5.20 billion current US$ | -18.3% |
| 1968 | 5.20 billion current US$ | -0.0% |
| 1969 | 6.63 billion current US$ | +27.6% |
| 1970 | 12.55 billion current US$ | +89.1% |
| 1971 | 9.18 billion current US$ | -26.8% |
| 1972 | 12.27 billion current US$ | +33.7% |
| 1973 | 15.16 billion current US$ | +23.5% |
| 1974 | 24.85 billion current US$ | +63.9% |
| 1975 | 27.78 billion current US$ | +11.8% |
| 1976 | 36.31 billion current US$ | +30.7% |
| 1977 | 36.04 billion current US$ | -0.8% |
| 1978 | 36.53 billion current US$ | +1.4% |
| 1979 | 47.26 billion current US$ | +29.4% |
| 1980 | 64.20 billion current US$ | +35.8% |
| 1981 | 164.47 billion current US$ | +156.2% |
| 1982 | 142.77 billion current US$ | -13.2% |
| 1983 | 97.09 billion current US$ | -32.0% |
| 1984 | 73.48 billion current US$ | -24.3% |
| 1985 | 73.75 billion current US$ | +0.4% |
| 1986 | 54.81 billion current US$ | -25.7% |
| 1987 | 52.68 billion current US$ | -3.9% |
| 1988 | 49.65 billion current US$ | -5.7% |
| 1989 | 44.00 billion current US$ | -11.4% |
| 1990 | 54.04 billion current US$ | +22.8% |
| 1991 | 59.53 billion current US$ | +10.2% |
| 1992 | 52.06 billion current US$ | -12.5% |
| 1993 | 56.72 billion current US$ | +9.0% |
| 1994 | 80.40 billion current US$ | +41.7% |
| 1995 | 140.92 billion current US$ | +75.3% |
| 1996 | 185.73 billion current US$ | +31.8% |
| 1997 | 200.85 billion current US$ | +8.1% |
| 1998 | 218.42 billion current US$ | +8.7% |
| 1999 | 59.15 billion current US$ | -72.9% |
| 2000 | 69.17 billion current US$ | +17.0% |
| 2001 | 73.56 billion current US$ | +6.3% |
| 2002 | 95.05 billion current US$ | +29.2% |
| 2003 | 104.74 billion current US$ | +10.2% |
| 2004 | 135.76 billion current US$ | +29.6% |
| 2005 | 175.67 billion current US$ | +29.4% |
| 2006 | 238.46 billion current US$ | +35.7% |
| 2007 | 278.26 billion current US$ | +16.7% |
| 2008 | 339.48 billion current US$ | +22.0% |
| 2009 | 295.01 billion current US$ | -13.1% |
| 2010 | 366.99 billion current US$ | +24.4% |
| 2011 | 414.47 billion current US$ | +12.9% |
| 2012 | 463.97 billion current US$ | +11.9% |
| 2013 | 520.12 billion current US$ | +12.1% |
| 2014 | 574.18 billion current US$ | +10.4% |
| 2015 | 493.03 billion current US$ | -14.1% |
| 2016 | 404.65 billion current US$ | -17.9% |
| 2017 | 375.75 billion current US$ | -7.1% |
| 2018 | 421.74 billion current US$ | +12.2% |
| 2019 | 668.22 billion current US$ | +58.4% |
| 2020 | 598.59 billion current US$ | -10.4% |
| 2021 | 609.15 billion current US$ | +1.8% |
| 2022 | 646.95 billion current US$ | +6.2% |
| 2023 | 487.39 billion current US$ | -24.7% |
| 2024 | 252.26 billion current US$ | -48.2% |
| 2025 | 290.79 billion current US$ | +15.3% |
Nigeria compared with similar countries
- Nigeria's 290.79 billion current US$ is above the median for lower middle income countries, which is 32.08 billion current US$, 9.1× the median. (47 countries reporting)
- Nigeria's 290.79 billion current US$ is above the median for Sub-Saharan Africa, which is 19.77 billion current US$, 14.7× the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1981 | +156.2% | 64.20 billion current US$ | 164.47 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.36 billion current US$ | 4.20 billion current US$ | 6.63 billion current US$ | 10 |
| 1970s | 25.79 billion current US$ | 9.18 billion current US$ | 47.26 billion current US$ | 10 |
| 1980s | 81.69 billion current US$ | 44.00 billion current US$ | 164.47 billion current US$ | 10 |
| 1990s | 110.78 billion current US$ | 52.06 billion current US$ | 218.42 billion current US$ | 10 |
| 2000s | 180.52 billion current US$ | 69.17 billion current US$ | 339.48 billion current US$ | 10 |
| 2010s | 470.31 billion current US$ | 366.99 billion current US$ | 668.22 billion current US$ | 10 |
| 2020s | 480.85 billion current US$ | 252.26 billion current US$ | 646.95 billion current US$ | 6 |
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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gdp in Nigeria?
- Gdp in Nigeria was 290.79 billion current US$ 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 668.22 billion current US$ in 2019.
- What is the lowest gdp recorded in Nigeria?
- The lowest recorded value was 4.20 billion current US$ in 1960.
- How does Nigeria rank for gdp?
- Nigeria ranks 50th out of 214 countries with data for 2025.
- Is gdp rising or falling in Nigeria?
- Over the last ten years it is down 41.0%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.