Gross domestic product (GDP) in Nigeria
Nigeria: Gross domestic product (GDP) was 562.59 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
562.59 billion constant 2015 US$
Change on year
up 4.0%
World rank
25th
of 209 countries
All-time high
562.59 billion constant 2015 US$
in 2025
All-time low
65.10 billion constant 2015 US$
in 1968
Years of data
66
1960–2025
Gross domestic product (GDP) in Nigeria, 1960–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data. Measured in constant 2015 US$.
Analysis
In 2025, gross domestic product (gdp) in Nigeria stood at 562.59 billion constant 2015 US$. That is the highest value across all 66 years on record.
The figure is up 4.0% on the previous year and up 14.1% over ten years.
Over the whole period, gross domestic product (gdp) in Nigeria peaked at 562.59 billion constant 2015 US$ in 2025 and was at its lowest, 65.10 billion constant 2015 US$, in 1968.
Nigeria ranks 25th of 209 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Nigeria, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 65.55 billion constant 2015 US$ | — |
| 1961 | 65.68 billion constant 2015 US$ | +0.2% |
| 1962 | 68.37 billion constant 2015 US$ | +4.1% |
| 1963 | 74.24 billion constant 2015 US$ | +8.6% |
| 1964 | 77.91 billion constant 2015 US$ | +5.0% |
| 1965 | 81.72 billion constant 2015 US$ | +4.9% |
| 1966 | 78.25 billion constant 2015 US$ | -4.3% |
| 1967 | 65.93 billion constant 2015 US$ | -15.7% |
| 1968 | 65.10 billion constant 2015 US$ | -1.2% |
| 1969 | 80.86 billion constant 2015 US$ | +24.2% |
| 1970 | 101.08 billion constant 2015 US$ | +25.0% |
| 1971 | 115.47 billion constant 2015 US$ | +14.2% |
| 1972 | 119.35 billion constant 2015 US$ | +3.4% |
| 1973 | 125.79 billion constant 2015 US$ | +5.4% |
| 1974 | 139.83 billion constant 2015 US$ | +11.2% |
| 1975 | 132.52 billion constant 2015 US$ | -5.2% |
| 1976 | 144.50 billion constant 2015 US$ | +9.0% |
| 1977 | 153.21 billion constant 2015 US$ | +6.0% |
| 1978 | 144.38 billion constant 2015 US$ | -5.8% |
| 1979 | 154.13 billion constant 2015 US$ | +6.8% |
| 1980 | 160.62 billion constant 2015 US$ | +4.2% |
| 1981 | 139.53 billion constant 2015 US$ | -13.1% |
| 1982 | 130.04 billion constant 2015 US$ | -6.8% |
| 1983 | 115.83 billion constant 2015 US$ | -10.9% |
| 1984 | 114.54 billion constant 2015 US$ | -1.1% |
| 1985 | 121.31 billion constant 2015 US$ | +5.9% |
| 1986 | 121.39 billion constant 2015 US$ | +0.1% |
| 1987 | 125.27 billion constant 2015 US$ | +3.2% |
| 1988 | 134.46 billion constant 2015 US$ | +7.3% |
| 1989 | 137.04 billion constant 2015 US$ | +1.9% |
| 1990 | 153.18 billion constant 2015 US$ | +11.8% |
| 1991 | 153.73 billion constant 2015 US$ | +0.4% |
| 1992 | 160.85 billion constant 2015 US$ | +4.6% |
| 1993 | 157.57 billion constant 2015 US$ | -2.0% |
| 1994 | 154.71 billion constant 2015 US$ | -1.8% |
| 1995 | 154.60 billion constant 2015 US$ | -0.1% |
| 1996 | 161.09 billion constant 2015 US$ | +4.2% |
| 1997 | 165.82 billion constant 2015 US$ | +2.9% |
| 1998 | 170.10 billion constant 2015 US$ | +2.6% |
| 1999 | 171.09 billion constant 2015 US$ | +0.6% |
| 2000 | 179.68 billion constant 2015 US$ | +5.0% |
| 2001 | 190.31 billion constant 2015 US$ | +5.9% |
| 2002 | 219.48 billion constant 2015 US$ | +15.3% |
| 2003 | 235.61 billion constant 2015 US$ | +7.3% |
| 2004 | 257.40 billion constant 2015 US$ | +9.3% |
| 2005 | 273.97 billion constant 2015 US$ | +6.4% |
| 2006 | 290.57 billion constant 2015 US$ | +6.1% |
| 2007 | 309.73 billion constant 2015 US$ | +6.6% |
| 2008 | 330.68 billion constant 2015 US$ | +6.8% |
| 2009 | 357.25 billion constant 2015 US$ | +8.0% |
| 2010 | 385.86 billion constant 2015 US$ | +8.0% |
| 2011 | 406.34 billion constant 2015 US$ | +5.3% |
| 2012 | 423.52 billion constant 2015 US$ | +4.2% |
| 2013 | 451.78 billion constant 2015 US$ | +6.7% |
| 2014 | 480.29 billion constant 2015 US$ | +6.3% |
| 2015 | 493.03 billion constant 2015 US$ | +2.7% |
| 2016 | 485.06 billion constant 2015 US$ | -1.6% |
| 2017 | 488.96 billion constant 2015 US$ | +0.8% |
| 2018 | 498.37 billion constant 2015 US$ | +1.9% |
| 2019 | 509.37 billion constant 2015 US$ | +2.2% |
| 2020 | 476.93 billion constant 2015 US$ | -6.4% |
| 2021 | 482.22 billion constant 2015 US$ | +1.1% |
| 2022 | 503.05 billion constant 2015 US$ | +4.3% |
| 2023 | 519.73 billion constant 2015 US$ | +3.3% |
| 2024 | 540.89 billion constant 2015 US$ | +4.1% |
| 2025 | 562.59 billion constant 2015 US$ | +4.0% |
Nigeria compared with similar countries
- Nigeria's 562.59 billion constant 2015 US$ is above the median for lower middle income countries, which is 28.68 billion constant 2015 US$, 19.6× the median. (47 countries reporting)
- Nigeria's 562.59 billion constant 2015 US$ is above the median for Sub-Saharan Africa, which is 16.42 billion constant 2015 US$, 34.3× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 72.36 billion constant 2015 US$ | 65.10 billion constant 2015 US$ | 81.72 billion constant 2015 US$ | 10 |
| 1970s | 133.03 billion constant 2015 US$ | 101.08 billion constant 2015 US$ | 154.13 billion constant 2015 US$ | 10 |
| 1980s | 130.00 billion constant 2015 US$ | 114.54 billion constant 2015 US$ | 160.62 billion constant 2015 US$ | 10 |
| 1990s | 160.27 billion constant 2015 US$ | 153.18 billion constant 2015 US$ | 171.09 billion constant 2015 US$ | 10 |
| 2000s | 264.47 billion constant 2015 US$ | 179.68 billion constant 2015 US$ | 357.25 billion constant 2015 US$ | 10 |
| 2010s | 462.26 billion constant 2015 US$ | 385.86 billion constant 2015 US$ | 509.37 billion constant 2015 US$ | 10 |
| 2020s | 514.23 billion constant 2015 US$ | 476.93 billion constant 2015 US$ | 562.59 billion constant 2015 US$ | 6 |
Countries ranked near Nigeria
- 22 Argentina 609.23 billion constant 2015 US$ compare
- 23 Sweden 582.97 billion constant 2015 US$ compare
- 24 Ireland 572.66 billion constant 2015 US$ compare
- 26 Belgium 539.12 billion constant 2015 US$ compare
- 27 Iran 519.15 billion constant 2015 US$ compare
- 28 Egypt 503.37 billion constant 2015 US$ 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Nigeria?
- Gross domestic product (gdp) in Nigeria was 562.59 billion constant 2015 US$ in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Nigeria?
- The highest recorded value was 562.59 billion constant 2015 US$ in 2025.
- What is the lowest gross domestic product (gdp) recorded in Nigeria?
- The lowest recorded value was 65.10 billion constant 2015 US$ in 1968.
- How does Nigeria rank for gross domestic product (gdp)?
- Nigeria ranks 25th out of 209 countries with data for 2025.
- Is gross domestic product (gdp) rising or falling in Nigeria?
- Over the last ten years it is up 14.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted by inflation but _does not_ account for differences in living costs between countries.