Gross domestic product (GDP), Constant prices, Domestic currency in Nigeria
Nigeria: Gross domestic product (GDP), Constant prices, Domestic currency was 289.71 trillion in 2031. ▲ Rising
Gross domestic product (GDP), Constant prices, Domestic currency in Nigeria, 1990–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), constant prices, domestic currency in Nigeria stood at 289.71 trillion. That is the highest value across all 42 years on record.
Compared with earlier readings it is up 4.2% on the previous year and up 49.2% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, domestic currency in Nigeria peaked at 289.71 trillion in 2031 and was at its lowest, 54.62 trillion, in 1991.
That places Nigeria 5th out of 26 countries with data for 2031, putting it in the top quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Gross domestic product (GDP), Constant prices, Domestic currency in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 54.92 trillion | — |
| 1991 | 54.62 trillion | -0.6% |
| 1992 | 55.81 trillion | +2.2% |
| 1993 | 56.69 trillion | +1.6% |
| 1994 | 56.84 trillion | +0.3% |
| 1995 | 57.90 trillion | +1.9% |
| 1996 | 60.25 trillion | +4.1% |
| 1997 | 61.98 trillion | +2.9% |
| 1998 | 63.53 trillion | +2.5% |
| 1999 | 63.86 trillion | +0.5% |
| 2000 | 67.39 trillion | +5.5% |
| 2001 | 71.88 trillion | +6.7% |
| 2002 | 82.38 trillion | +14.6% |
| 2003 | 90.21 trillion | +9.5% |
| 2004 | 99.63 trillion | +10.4% |
| 2005 | 106.61 trillion | +7.0% |
| 2006 | 113.78 trillion | +6.7% |
| 2007 | 122.10 trillion | +7.3% |
| 2008 | 130.90 trillion | +7.2% |
| 2009 | 141.83 trillion | +8.4% |
| 2010 | 157.80 trillion | +11.3% |
| 2011 | 165.51 trillion | +4.9% |
| 2012 | 172.59 trillion | +4.3% |
| 2013 | 181.90 trillion | +5.4% |
| 2014 | 193.38 trillion | +6.3% |
| 2015 | 198.51 trillion | +2.7% |
| 2016 | 195.30 trillion | -1.6% |
| 2017 | 196.87 trillion | +0.8% |
| 2018 | 200.66 trillion | +1.9% |
| 2019 | 205.09 trillion | +2.2% |
| 2020 | 192.03 trillion | -6.4% |
| 2021 | 194.16 trillion | +1.1% |
| 2022 | 202.54 trillion | +4.3% |
| 2023 | 209.26 trillion | +3.3% |
| 2024 | 217.78 trillion | +4.1% |
| 2025 | 226.52 trillion | +4.0% |
| 2026 | 235.71 trillion | +4.1% |
| 2027 | 245.90 trillion | +4.3% |
| 2028 | 256.06 trillion | +4.1% |
| 2029 | 266.91 trillion | +4.2% |
| 2030 | 278.08 trillion | +4.2% |
| 2031 | 289.71 trillion | +4.2% |
Nigeria compared with similar countries
- Nigeria's 289.71 trillion is above the median for lower middle income countries, which is 11.60 trillion, 25.0× the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 58.64 trillion | 54.62 trillion | 63.86 trillion | 10 |
| 2000s | 102.67 trillion | 67.39 trillion | 141.83 trillion | 10 |
| 2010s | 186.76 trillion | 157.80 trillion | 205.09 trillion | 10 |
| 2020s | 224.69 trillion | 192.03 trillion | 266.91 trillion | 10 |
| 2030s | 283.90 trillion | 278.08 trillion | 289.71 trillion | 2 |
Countries ranked near Nigeria
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), constant prices, domestic currency in Nigeria?
- Gross domestic product (gdp), constant prices, domestic currency in Nigeria was 289.71 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, domestic currency recorded in Nigeria?
- The highest recorded value was 289.71 trillion in 2031.
- What is the lowest gross domestic product (gdp), constant prices, domestic currency recorded in Nigeria?
- The lowest recorded value was 54.62 trillion in 1991.
- How does Nigeria rank for gross domestic product (gdp), constant prices, domestic currency?
- Nigeria ranks 5th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, domestic currency rising or falling in Nigeria?
- Over the last ten years it is up 49.2%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.