Gross domestic product (GDP) in Nigeria
Nigeria: Gross domestic product (GDP) was 1.13 trillion international-$ in 2011 prices in 2022. ◆ Volatile
Gross domestic product (GDP) in Nigeria, 1950–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
Nigeria recorded 1.13 trillion international-$ in 2011 prices for gross domestic product (gdp) in 2022. That is the highest value across all 73 years on record.
The figure is up 3.3% on the previous year and up 24.9% over ten years.
Over the whole period, gross domestic product (gdp) in Nigeria peaked at 1.13 trillion international-$ in 2011 prices in 2022 and was at its lowest, 38.16 billion international-$ in 2011 prices, in 1950.
Nigeria ranks 24th of 165 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 46.65 billion international-$ in 2011 prices | 38.16 billion international-$ in 2011 prices | 51.98 billion international-$ in 2011 prices | 10 |
| 1960s | 63.65 billion international-$ in 2011 prices | 54.30 billion international-$ in 2011 prices | 74.07 billion international-$ in 2011 prices | 10 |
| 1970s | 130.25 billion international-$ in 2011 prices | 96.94 billion international-$ in 2011 prices | 152.73 billion international-$ in 2011 prices | 10 |
| 1980s | 143.20 billion international-$ in 2011 prices | 126.32 billion international-$ in 2011 prices | 162.80 billion international-$ in 2011 prices | 10 |
| 1990s | 204.37 billion international-$ in 2011 prices | 171.28 billion international-$ in 2011 prices | 247.53 billion international-$ in 2011 prices | 10 |
| 2000s | 467.17 billion international-$ in 2011 prices | 268.13 billion international-$ in 2011 prices | 709.93 billion international-$ in 2011 prices | 10 |
| 2010s | 980.91 billion international-$ in 2011 prices | 810.00 billion international-$ in 2011 prices | 1.08 trillion international-$ in 2011 prices | 10 |
| 2020s | 1.10 trillion international-$ in 2011 prices | 1.06 trillion international-$ in 2011 prices | 1.13 trillion international-$ in 2011 prices | 3 |
Countries ranked near Nigeria
- 21 Pakistan 1.32 trillion international-$ in 2011 prices compare
- 22 Taiwan 1.25 trillion international-$ in 2011 prices compare
- 23 Poland 1.23 trillion international-$ in 2011 prices compare
- 25 Thailand 1.12 trillion international-$ in 2011 prices compare
- 26 Philippines 1.01 trillion international-$ in 2011 prices compare
- 27 Netherlands 879.61 billion international-$ in 2011 prices compare
More economy & growth data for Nigeria
- Inflation of consumer prices 23.0% (2025)
- GDP per capita 2,369 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.3% (2025)
- Gross domestic product (GDP) 562.59 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 2,369 constant 2015 US$ (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 gross domestic product (gdp) in Nigeria?
- Gross domestic product (gdp) in Nigeria was 1.13 trillion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Nigeria?
- The highest recorded value was 1.13 trillion international-$ in 2011 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Nigeria?
- The lowest recorded value was 38.16 billion international-$ in 2011 prices in 1950.
- How does Nigeria rank for gross domestic product (gdp)?
- Nigeria ranks 24th out of 165 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Nigeria?
- Over the last ten years it is up 24.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.