Gross domestic product (GDP) in Nigeria
Nigeria: Gross domestic product (GDP) was 1.13 trillion international-$ in 2011 prices in 2022. ◆ Volatile
Latest (2022)
1.13 trillion international-$ in 2011 prices
Change on year
up 3.3%
World rank
25th
of 166 countries
All-time high
1.13 trillion international-$ in 2011 prices
in 2022
All-time low
38.16 billion international-$ in 2011 prices
in 1950
Years of data
73
1950–2022
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 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.
Gross domestic product (GDP) in Nigeria, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1950 | 38.16 billion international-$ in 2011 prices | — |
| 1951 | 41.01 billion international-$ in 2011 prices | +7.5% |
| 1952 | 43.93 billion international-$ in 2011 prices | +7.1% |
| 1953 | 44.98 billion international-$ in 2011 prices | +2.4% |
| 1954 | 48.28 billion international-$ in 2011 prices | +7.3% |
| 1955 | 49.58 billion international-$ in 2011 prices | +2.7% |
| 1956 | 48.44 billion international-$ in 2011 prices | -2.3% |
| 1957 | 50.39 billion international-$ in 2011 prices | +4.0% |
| 1958 | 49.79 billion international-$ in 2011 prices | -1.2% |
| 1959 | 51.98 billion international-$ in 2011 prices | +4.4% |
| 1960 | 54.30 billion international-$ in 2011 prices | +4.5% |
| 1961 | 56.16 billion international-$ in 2011 prices | +3.4% |
| 1962 | 59.40 billion international-$ in 2011 prices | +5.8% |
| 1963 | 64.96 billion international-$ in 2011 prices | +9.4% |
| 1964 | 67.73 billion international-$ in 2011 prices | +4.3% |
| 1965 | 72.34 billion international-$ in 2011 prices | +6.8% |
| 1966 | 69.98 billion international-$ in 2011 prices | -3.3% |
| 1967 | 59.10 billion international-$ in 2011 prices | -15.5% |
| 1968 | 58.42 billion international-$ in 2011 prices | -1.1% |
| 1969 | 74.07 billion international-$ in 2011 prices | +26.8% |
| 1970 | 96.94 billion international-$ in 2011 prices | +30.9% |
| 1971 | 108.40 billion international-$ in 2011 prices | +11.8% |
| 1972 | 112.46 billion international-$ in 2011 prices | +3.7% |
| 1973 | 122.13 billion international-$ in 2011 prices | +8.6% |
| 1974 | 136.24 billion international-$ in 2011 prices | +11.5% |
| 1975 | 132.13 billion international-$ in 2011 prices | -3.0% |
| 1976 | 146.60 billion international-$ in 2011 prices | +10.9% |
| 1977 | 151.90 billion international-$ in 2011 prices | +3.6% |
| 1978 | 142.94 billion international-$ in 2011 prices | -5.9% |
| 1979 | 152.73 billion international-$ in 2011 prices | +6.8% |
| 1980 | 155.63 billion international-$ in 2011 prices | +1.9% |
| 1981 | 143.11 billion international-$ in 2011 prices | -8.0% |
| 1982 | 141.85 billion international-$ in 2011 prices | -0.9% |
| 1983 | 132.38 billion international-$ in 2011 prices | -6.7% |
| 1984 | 126.32 billion international-$ in 2011 prices | -4.6% |
| 1985 | 137.61 billion international-$ in 2011 prices | +8.9% |
| 1986 | 140.22 billion international-$ in 2011 prices | +1.9% |
| 1987 | 139.11 billion international-$ in 2011 prices | -0.8% |
| 1988 | 152.97 billion international-$ in 2011 prices | +10.0% |
| 1989 | 162.80 billion international-$ in 2011 prices | +6.4% |
| 1990 | 171.28 billion international-$ in 2011 prices | +5.2% |
| 1991 | 174.07 billion international-$ in 2011 prices | +1.6% |
| 1992 | 181.87 billion international-$ in 2011 prices | +4.5% |
| 1993 | 188.89 billion international-$ in 2011 prices | +3.9% |
| 1994 | 193.99 billion international-$ in 2011 prices | +2.7% |
| 1995 | 202.40 billion international-$ in 2011 prices | +4.3% |
| 1996 | 215.95 billion international-$ in 2011 prices | +6.7% |
| 1997 | 227.88 billion international-$ in 2011 prices | +5.5% |
| 1998 | 239.84 billion international-$ in 2011 prices | +5.2% |
| 1999 | 247.53 billion international-$ in 2011 prices | +3.2% |
| 2000 | 268.13 billion international-$ in 2011 prices | +8.3% |
| 2001 | 293.37 billion international-$ in 2011 prices | +9.4% |
| 2002 | 344.84 billion international-$ in 2011 prices | +17.5% |
| 2003 | 387.28 billion international-$ in 2011 prices | +12.3% |
| 2004 | 438.81 billion international-$ in 2011 prices | +13.3% |
| 2005 | 481.80 billion international-$ in 2011 prices | +9.8% |
| 2006 | 527.63 billion international-$ in 2011 prices | +9.5% |
| 2007 | 581.00 billion international-$ in 2011 prices | +10.1% |
| 2008 | 638.91 billion international-$ in 2011 prices | +10.0% |
| 2009 | 709.93 billion international-$ in 2011 prices | +11.1% |
| 2010 | 810.00 billion international-$ in 2011 prices | +14.1% |
| 2011 | 871.10 billion international-$ in 2011 prices | +7.5% |
| 2012 | 908.38 billion international-$ in 2011 prices | +4.3% |
| 2013 | 957.38 billion international-$ in 2011 prices | +5.4% |
| 2014 | 1.02 trillion international-$ in 2011 prices | +6.3% |
| 2015 | 1.04 trillion international-$ in 2011 prices | +2.7% |
| 2016 | 1.03 trillion international-$ in 2011 prices | -1.6% |
| 2017 | 1.04 trillion international-$ in 2011 prices | +0.8% |
| 2018 | 1.06 trillion international-$ in 2011 prices | +1.9% |
| 2019 | 1.08 trillion international-$ in 2011 prices | +2.2% |
| 2020 | 1.06 trillion international-$ in 2011 prices | -1.8% |
| 2021 | 1.10 trillion international-$ in 2011 prices | +3.6% |
| 2022 | 1.13 trillion international-$ in 2011 prices | +3.3% |
Nigeria compared with similar countries
- Nigeria's 1.13 trillion international-$ in 2011 prices is above the median for lower middle income countries, which is 54.95 billion international-$ in 2011 prices, 20.6× the median. (41 countries reporting)
- Nigeria's 1.13 trillion international-$ in 2011 prices is above the median for Sub-Saharan Africa, which is 26.73 billion international-$ in 2011 prices, 42.4× the median. (44 countries reporting)
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
- 22 Pakistan 1.32 trillion international-$ in 2011 prices compare
- 23 Taiwan 1.25 trillion international-$ in 2011 prices compare
- 24 Poland 1.23 trillion international-$ in 2011 prices compare
- 26 Thailand 1.12 trillion international-$ in 2011 prices compare
- 27 Philippines 1.01 trillion international-$ in 2011 prices compare
- 28 Netherlands 879.61 billion international-$ in 2011 prices 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Nigeria?
- Gross domestic product (gdp) in Nigeria was 1.13 trillion international-$ 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 25th out of 166 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.