Gdp penn world table in Nigeria
Nigeria: Gdp penn world table was 1.07 trillion in 2023. ◆ Volatile
Latest (2023)
1.07 trillion
Change on year
down 1.0%
World rank
30th
of 184 countries
All-time high
1.20 trillion
in 2020
All-time low
63.14 billion
in 1950
Years of data
58
1950–2023
Gdp penn world table in Nigeria, 1950–2023
Source: Our World in Data.
Analysis
The most recent figure for gdp penn world table in Nigeria is 1.07 trillion, measured in 2023.
Compared with earlier readings it is down 1.0% on the previous year and down 0.8% over ten years.
Over the whole period, gdp penn world table in Nigeria peaked at 1.20 trillion in 2020 and was at its lowest, 63.14 billion, in 1950.
That places Nigeria 30th out of 184 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gdp penn world table in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1950 | 63.14 billion | — |
| 1951 | 63.37 billion | +0.4% |
| 1952 | 63.66 billion | +0.5% |
| 1953 | 66.60 billion | +4.6% |
| 1954 | 74.03 billion | +11.2% |
| 1955 | 72.29 billion | -2.4% |
| 1956 | 69.43 billion | -4.0% |
| 1957 | 68.52 billion | -1.3% |
| 1958 | 72.67 billion | +6.0% |
| 1959 | 80.27 billion | +10.5% |
| 1960 | 91.23 billion | +13.6% |
| 1961 | 95.96 billion | +5.2% |
| 1962 | 101.28 billion | +5.5% |
| 1963 | 106.84 billion | +5.5% |
| 1964 | 106.73 billion | -0.1% |
| 1965 | 120.25 billion | +12.7% |
| 1966 | 120.87 billion | +0.5% |
| 1967 | 104.66 billion | -13.4% |
| 1968 | 105.02 billion | +0.3% |
| 1969 | 130.25 billion | +24.0% |
| 1970 | 175.97 billion | +35.1% |
| 1971 | 194.90 billion | +10.8% |
| 1972 | 208.51 billion | +7.0% |
| 1973 | 248.60 billion | +19.2% |
| 1974 | 272.57 billion | +9.6% |
| 1975 | 276.92 billion | +1.6% |
| 1976 | 291.42 billion | +5.2% |
| 1977 | 324.68 billion | +11.4% |
| 1978 | 337.78 billion | +4.0% |
| 1979 | 352.48 billion | +4.4% |
| 1980 | 380.44 billion | +7.9% |
| 1981 | 370.37 billion | -2.6% |
| 1982 | 331.59 billion | -10.5% |
| 1999 | 92.24 billion | -72.2% |
| 2000 | 125.80 billion | +36.4% |
| 2001 | 137.12 billion | +9.0% |
| 2002 | 177.83 billion | +29.7% |
| 2003 | 237.57 billion | +33.6% |
| 2004 | 321.28 billion | +35.2% |
| 2005 | 528.67 billion | +64.6% |
| 2006 | 621.11 billion | +17.5% |
| 2007 | 689.97 billion | +11.1% |
| 2008 | 715.07 billion | +3.6% |
| 2009 | 761.40 billion | +6.5% |
| 2010 | 909.02 billion | +19.4% |
| 2011 | 962.11 billion | +5.8% |
| 2012 | 1.01 trillion | +4.6% |
| 2013 | 1.08 trillion | +7.6% |
| 2014 | 1.16 trillion | +7.0% |
| 2015 | 1.16 trillion | +0.3% |
| 2016 | 1.13 trillion | -3.1% |
| 2017 | 1.10 trillion | -2.3% |
| 2018 | 1.12 trillion | +1.5% |
| 2019 | 1.20 trillion | +7.2% |
| 2020 | 1.20 trillion | +0.5% |
| 2021 | 1.11 trillion | -7.3% |
| 2022 | 1.08 trillion | -2.6% |
| 2023 | 1.07 trillion | -1.0% |
Nigeria compared with similar countries
- Nigeria's 1.07 trillion is above the median for lower middle income countries, which is 72.56 billion, 14.8× the median. (42 countries reporting)
- Nigeria's 1.07 trillion is above the median for Sub-Saharan Africa, which is 45.59 billion, 23.5× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Gdp penn world table 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 |
|---|---|---|---|
| 1999 | -72.2% | 331.59 billion | 92.24 billion |
| 2005 | +64.6% | 321.28 billion | 528.67 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 69.40 billion | 63.14 billion | 80.27 billion | 10 |
| 1960s | 108.31 billion | 91.23 billion | 130.25 billion | 10 |
| 1970s | 268.38 billion | 175.97 billion | 352.48 billion | 10 |
| 1980s | 360.80 billion | 331.59 billion | 380.44 billion | 3 |
| 1990s | 92.24 billion | 92.24 billion | 92.24 billion | 1 |
| 2000s | 431.58 billion | 125.80 billion | 761.40 billion | 10 |
| 2010s | 1.08 trillion | 909.02 billion | 1.20 trillion | 10 |
| 2020s | 1.12 trillion | 1.07 trillion | 1.20 trillion | 4 |
Countries ranked near Nigeria
- 27 Netherlands 1.26 trillion compare
- 28 Argentina 1.24 trillion compare
- 29 Philippines 1.16 trillion compare
- 31 Malaysia 1.07 trillion compare
- 32 Colombia 915.37 billion compare
- 33 United Arab Emirates 812.83 billion compare
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 penn world table in Nigeria?
- Gdp penn world table in Nigeria was 1.07 trillion in 2023, according to Our World in Data.
- What is the highest gdp penn world table recorded in Nigeria?
- The highest recorded value was 1.20 trillion in 2020.
- What is the lowest gdp penn world table recorded in Nigeria?
- The lowest recorded value was 63.14 billion in 1950.
- How does Nigeria rank for gdp penn world table?
- Nigeria ranks 30th out of 184 countries with data for 2023.
- Is gdp penn world table rising or falling in Nigeria?
- Over the last ten years it is down 0.8%. 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 penn world table. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 58 observations, free to reuse under CC BY 4.0 (Our World in Data).