Gdp maddison project database in Nigeria
Nigeria: Gdp maddison project database was 1.13 trillion in 2022. ◆ Volatile
Latest (2022)
1.13 trillion
Change on year
up 3.3%
World rank
25th
of 166 countries
All-time high
1.13 trillion
in 2022
All-time low
38.16 billion
in 1950
Years of data
73
1950–2022
Gdp maddison project database in Nigeria, 1950–2022
Source: Our World in Data.
Analysis
Nigeria recorded 1.13 trillion for gdp maddison project database 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, gdp maddison project database in Nigeria peaked at 1.13 trillion in 2022 and was at its lowest, 38.16 billion, in 1950.
Nigeria ranks 25th of 166 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 maddison project database in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1950 | 38.16 billion | — |
| 1951 | 41.01 billion | +7.5% |
| 1952 | 43.93 billion | +7.1% |
| 1953 | 44.98 billion | +2.4% |
| 1954 | 48.28 billion | +7.3% |
| 1955 | 49.58 billion | +2.7% |
| 1956 | 48.44 billion | -2.3% |
| 1957 | 50.39 billion | +4.0% |
| 1958 | 49.79 billion | -1.2% |
| 1959 | 51.98 billion | +4.4% |
| 1960 | 54.30 billion | +4.5% |
| 1961 | 56.16 billion | +3.4% |
| 1962 | 59.40 billion | +5.8% |
| 1963 | 64.96 billion | +9.4% |
| 1964 | 67.73 billion | +4.3% |
| 1965 | 72.34 billion | +6.8% |
| 1966 | 69.98 billion | -3.3% |
| 1967 | 59.10 billion | -15.5% |
| 1968 | 58.42 billion | -1.1% |
| 1969 | 74.07 billion | +26.8% |
| 1970 | 96.94 billion | +30.9% |
| 1971 | 108.40 billion | +11.8% |
| 1972 | 112.46 billion | +3.7% |
| 1973 | 122.13 billion | +8.6% |
| 1974 | 136.24 billion | +11.5% |
| 1975 | 132.13 billion | -3.0% |
| 1976 | 146.60 billion | +10.9% |
| 1977 | 151.90 billion | +3.6% |
| 1978 | 142.94 billion | -5.9% |
| 1979 | 152.73 billion | +6.8% |
| 1980 | 155.63 billion | +1.9% |
| 1981 | 143.11 billion | -8.0% |
| 1982 | 141.85 billion | -0.9% |
| 1983 | 132.38 billion | -6.7% |
| 1984 | 126.32 billion | -4.6% |
| 1985 | 137.61 billion | +8.9% |
| 1986 | 140.22 billion | +1.9% |
| 1987 | 139.11 billion | -0.8% |
| 1988 | 152.97 billion | +10.0% |
| 1989 | 162.80 billion | +6.4% |
| 1990 | 171.28 billion | +5.2% |
| 1991 | 174.07 billion | +1.6% |
| 1992 | 181.87 billion | +4.5% |
| 1993 | 188.89 billion | +3.9% |
| 1994 | 193.99 billion | +2.7% |
| 1995 | 202.40 billion | +4.3% |
| 1996 | 215.95 billion | +6.7% |
| 1997 | 227.88 billion | +5.5% |
| 1998 | 239.84 billion | +5.2% |
| 1999 | 247.53 billion | +3.2% |
| 2000 | 268.13 billion | +8.3% |
| 2001 | 293.37 billion | +9.4% |
| 2002 | 344.84 billion | +17.5% |
| 2003 | 387.28 billion | +12.3% |
| 2004 | 438.81 billion | +13.3% |
| 2005 | 481.80 billion | +9.8% |
| 2006 | 527.63 billion | +9.5% |
| 2007 | 581.00 billion | +10.1% |
| 2008 | 638.91 billion | +10.0% |
| 2009 | 709.93 billion | +11.1% |
| 2010 | 810.00 billion | +14.1% |
| 2011 | 871.10 billion | +7.5% |
| 2012 | 908.38 billion | +4.3% |
| 2013 | 957.38 billion | +5.4% |
| 2014 | 1.02 trillion | +6.3% |
| 2015 | 1.04 trillion | +2.7% |
| 2016 | 1.03 trillion | -1.6% |
| 2017 | 1.04 trillion | +0.8% |
| 2018 | 1.06 trillion | +1.9% |
| 2019 | 1.08 trillion | +2.2% |
| 2020 | 1.06 trillion | -1.8% |
| 2021 | 1.10 trillion | +3.6% |
| 2022 | 1.13 trillion | +3.3% |
Nigeria compared with similar countries
- Nigeria's 1.13 trillion is above the median for lower middle income countries, which is 54.95 billion, 20.6× the median. (41 countries reporting)
- Nigeria's 1.13 trillion is above the median for Sub-Saharan Africa, which is 26.73 billion, 42.4× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 46.65 billion | 38.16 billion | 51.98 billion | 10 |
| 1960s | 63.65 billion | 54.30 billion | 74.07 billion | 10 |
| 1970s | 130.25 billion | 96.94 billion | 152.73 billion | 10 |
| 1980s | 143.20 billion | 126.32 billion | 162.80 billion | 10 |
| 1990s | 204.37 billion | 171.28 billion | 247.53 billion | 10 |
| 2000s | 467.17 billion | 268.13 billion | 709.93 billion | 10 |
| 2010s | 980.91 billion | 810.00 billion | 1.08 trillion | 10 |
| 2020s | 1.10 trillion | 1.06 trillion | 1.13 trillion | 3 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Real gdp growth, annual growth rate 22.77 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (2025)
Frequently asked questions
- What is gdp maddison project database in Nigeria?
- Gdp maddison project database in Nigeria was 1.13 trillion in 2022, according to Our World in Data.
- What is the highest gdp maddison project database recorded in Nigeria?
- The highest recorded value was 1.13 trillion in 2022.
- What is the lowest gdp maddison project database recorded in Nigeria?
- The lowest recorded value was 38.16 billion in 1950.
- How does Nigeria rank for gdp maddison project database?
- Nigeria ranks 25th out of 166 countries with data for 2022.
- Is gdp maddison project database 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 Our World in Data, published as part of Gdp maddison project database. Statizoid updates them automatically from the source API.
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