Global Revenue Statistics … Gross domestic product, current prices in Nigeria
Nigeria: Global Revenue Statistics … Gross domestic product, current prices was 477,376 US dollar in 2022. ◆ Volatile
Global Revenue Statistics - Reference series — Gross domestic in Nigeria, 1990–2022
Source: Organisation for Economic Co-operation and Development. Measured in US dollar.
Analysis
In 2022, global revenue statistics - reference series — gross domestic in Nigeria stood at 477,376 US dollar.
That represents a change of up 8.1% on the previous year and up 3.6% over ten years.
Over the whole period, global revenue statistics - reference series — gross domestic in Nigeria peaked at 568,499 US dollar in 2014 and was at its lowest, 52,275 US dollar, in 1992.
That places Nigeria 27th out of 133 countries with data for 2022, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Global Revenue Statistics … Gross domestic product, current prices in Nigeria, year by year
| Year | US dollar | Change |
|---|---|---|
| 1990 | 62,165 US dollar | — |
| 1991 | 60,131 US dollar | -3.3% |
| 1992 | 52,275 US dollar | -13.1% |
| 1993 | 56,807 US dollar | +8.7% |
| 1994 | 80,128 US dollar | +41.1% |
| 1995 | 132,230 US dollar | +65.0% |
| 1996 | 172,686 US dollar | +30.6% |
| 1997 | 187,866 US dollar | +8.8% |
| 1998 | 209,677 US dollar | +11.6% |
| 1999 | 57,477 US dollar | -72.6% |
| 2000 | 67,824 US dollar | +18.0% |
| 2001 | 73,128 US dollar | +7.8% |
| 2002 | 93,983 US dollar | +28.5% |
| 2003 | 102,935 US dollar | +9.5% |
| 2004 | 130,345 US dollar | +26.6% |
| 2005 | 169,645 US dollar | +30.2% |
| 2006 | 222,791 US dollar | +31.3% |
| 2007 | 262,215 US dollar | +17.7% |
| 2008 | 330,260 US dollar | +26.0% |
| 2009 | 297,458 US dollar | -9.9% |
| 2010 | 369,062 US dollar | +24.1% |
| 2011 | 414,095 US dollar | +12.2% |
| 2012 | 460,952 US dollar | +11.3% |
| 2013 | 514,966 US dollar | +11.7% |
| 2014 | 568,499 US dollar | +10.4% |
| 2015 | 492,437 US dollar | -13.4% |
| 2016 | 404,649 US dollar | -17.8% |
| 2017 | 375,745 US dollar | -7.1% |
| 2018 | 421,737 US dollar | +12.2% |
| 2019 | 448,120 US dollar | +6.3% |
| 2020 | 429,423 US dollar | -4.2% |
| 2021 | 441,424 US dollar | +2.8% |
| 2022 | 477,376 US dollar | +8.1% |
Nigeria compared with similar countries
- Nigeria's 477,376 US dollar is above the median for lower middle income countries, which is 27,744 US dollar, 17.2× the median. (31 countries reporting)
- Nigeria's 477,376 US dollar is above the median for Sub-Saharan Africa, which is 16,417 US dollar, 29.1× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 107,144 US dollar | 52,275 US dollar | 209,677 US dollar | 10 |
| 2000s | 175,058 US dollar | 67,824 US dollar | 330,260 US dollar | 10 |
| 2010s | 447,026 US dollar | 369,062 US dollar | 568,499 US dollar | 10 |
| 2020s | 449,408 US dollar | 429,423 US dollar | 477,376 US dollar | 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 global revenue statistics - reference series — gross domestic in Nigeria?
- Global revenue statistics - reference series — gross domestic in Nigeria was 477,376 US dollar in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest global revenue statistics - reference series — gross domestic recorded in Nigeria?
- The highest recorded value was 568,499 US dollar in 2014.
- What is the lowest global revenue statistics - reference series — gross domestic recorded in Nigeria?
- The lowest recorded value was 52,275 US dollar in 1992.
- How does Nigeria rank for global revenue statistics - reference series — gross domestic?
- Nigeria ranks 27th out of 133 countries with data for 2022.
- Is global revenue statistics - reference series — gross domestic rising or falling in Nigeria?
- Over the last ten years it is up 3.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Global Revenue Statistics - Reference series — Gross domestic product, current prices. Statizoid updates them automatically from the source API.
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About this data
Includes Gross Domestic Product (GDP) for tax reporting years at market prices in national currency and in US dollars, and exchange rates in national currency per US dollar.