Gross domestic product (GDP), Constant prices, Purchasing power in Nigeria
Nigeria: Gross domestic product (GDP), Constant prices, Purchasing power was 2.19 % change on previous year in 2019. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Nigeria, 1961–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded 2.19 % change on previous year for gross domestic product (gdp), constant prices, purchasing power in 2019.
The figure is up 13.7% on the previous year and down 72.7% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Nigeria peaked at 19.84 % change on previous year in 1970 and was at its lowest, -15.72 % change on previous year, in 1967.
Nigeria ranks 111th of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Purchasing power in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -4.17 % change on previous year | — |
| 1962 | 3.79 % change on previous year | -191.0% |
| 1963 | 8.67 % change on previous year | +128.7% |
| 1964 | 3.23 % change on previous year | -62.7% |
| 1965 | -4.68 % change on previous year | -244.8% |
| 1966 | -5.09 % change on previous year | +8.7% |
| 1967 | -15.72 % change on previous year | +208.9% |
| 1968 | 0.6725 % change on previous year | -104.3% |
| 1969 | 17.72 % change on previous year | +2534.9% |
| 1970 | 19.84 % change on previous year | +12.0% |
| 1971 | 14.24 % change on previous year | -28.2% |
| 1972 | 7.18 % change on previous year | -49.5% |
| 1973 | 6.11 % change on previous year | -15.0% |
| 1974 | 10.81 % change on previous year | +76.9% |
| 1975 | 0.6975 % change on previous year | -93.5% |
| 1976 | 7.1 % change on previous year | +918.3% |
| 1977 | 8.27 % change on previous year | +16.4% |
| 1978 | -2.9 % change on previous year | -135.1% |
| 1979 | -2.76 % change on previous year | -4.9% |
| 1980 | 2.22 % change on previous year | -180.4% |
| 1981 | -0.901 % change on previous year | -140.6% |
| 1982 | -6.8 % change on previous year | +655.1% |
| 1983 | -10.92 % change on previous year | +60.6% |
| 1984 | -1.12 % change on previous year | -89.8% |
| 1985 | 5.91 % change on previous year | -630.1% |
| 1986 | 0.0613 % change on previous year | -99.0% |
| 1987 | 3.2 % change on previous year | +5118.6% |
| 1988 | 7.33 % change on previous year | +129.2% |
| 1989 | 1.92 % change on previous year | -73.8% |
| 1990 | 11.78 % change on previous year | +513.6% |
| 1991 | 0.3581 % change on previous year | -97.0% |
| 1992 | 4.63 % change on previous year | +1193.2% |
| 1993 | -2.04 % change on previous year | -143.9% |
| 1994 | -1.81 % change on previous year | -10.8% |
| 1995 | -0.0726 % change on previous year | -96.0% |
| 1996 | 4.2 % change on previous year | -5878.5% |
| 1997 | 2.94 % change on previous year | -30.0% |
| 1998 | 2.58 % change on previous year | -12.1% |
| 1999 | 0.584 % change on previous year | -77.4% |
| 2000 | 5.02 % change on previous year | +758.9% |
| 2001 | 5.92 % change on previous year | +18.0% |
| 2002 | 15.33 % change on previous year | +159.0% |
| 2003 | 7.35 % change on previous year | -52.1% |
| 2004 | 9.25 % change on previous year | +25.9% |
| 2005 | 6.44 % change on previous year | -30.4% |
| 2006 | 6.06 % change on previous year | -5.9% |
| 2007 | 6.59 % change on previous year | +8.8% |
| 2008 | 6.76 % change on previous year | +2.6% |
| 2009 | 8.04 % change on previous year | +18.8% |
| 2010 | 8.01 % change on previous year | -0.4% |
| 2011 | 5.31 % change on previous year | -33.7% |
| 2012 | 4.23 % change on previous year | -20.3% |
| 2013 | 6.67 % change on previous year | +57.7% |
| 2014 | 6.31 % change on previous year | -5.4% |
| 2015 | 2.65 % change on previous year | -58.0% |
| 2016 | -1.62 % change on previous year | -161.0% |
| 2017 | 0.8145 % change on previous year | -150.4% |
| 2018 | 1.93 % change on previous year | +136.8% |
| 2019 | 2.19 % change on previous year | +13.7% |
Nigeria compared with similar countries
- Nigeria's 2.19 % change on previous year is below the median for lower middle income countries, which is 3.7 % change on previous year, 59% of the median. (46 countries reporting)
- Nigeria's 2.19 % change on previous year is below the median for Sub-Saharan Africa, which is 3.86 % change on previous year, 57% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Purchasing power 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 |
|---|---|---|---|
| 1996 | +5878.5% | -0.0726 % change on previous year | 4.2 % change on previous year |
| 1987 | +5118.6% | 0.0613 % change on previous year | 3.2 % change on previous year |
| 1969 | +2534.9% | 0.6725 % change on previous year | 17.72 % change on previous year |
| 1992 | +1193.2% | 0.3581 % change on previous year | 4.63 % change on previous year |
| 1976 | +918.3% | 0.6975 % change on previous year | 7.1 % change on previous year |
| 2000 | +758.9% | 0.584 % change on previous year | 5.02 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.4914 % change on previous year | -15.72 % change on previous year | 17.72 % change on previous year | 9 |
| 1970s | 6.86 % change on previous year | -2.9 % change on previous year | 19.84 % change on previous year | 10 |
| 1980s | 0.09 % change on previous year | -10.92 % change on previous year | 7.33 % change on previous year | 10 |
| 1990s | 2.31 % change on previous year | -2.04 % change on previous year | 11.78 % change on previous year | 10 |
| 2000s | 7.68 % change on previous year | 5.02 % change on previous year | 15.33 % change on previous year | 10 |
| 2010s | 3.65 % change on previous year | -1.62 % change on previous year | 8.01 % change on previous year | 10 |
Countries ranked near Nigeria
- 108 New Zealand 2.22 % change on previous year compare
- 109 Bolivia 2.22 % change on previous year compare
- 110 Albania 2.21 % change on previous year compare
- 112 United States 2.16 % change on previous year compare
- 113 Peru 2.15 % change on previous year compare
- 114 Yemen 2.1 % change on previous year 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)
- IMF holdings of currency, SDR, annual growth rate -21.21 % change on previous year (2025)
- IMF holdings of currency, SDR, per unit of GDP 0.0078 units per US$ of GDP (2025)
- IMF holdings of currency, SDR, per capita 9.6 units per person (2025)
- Lending to the IMF (GRA), SDR, per capita 0 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.019 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 23.22 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, purchasing power in Nigeria?
- Gross domestic product (gdp), constant prices, purchasing power in Nigeria was 2.19 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Nigeria?
- The highest recorded value was 19.84 % change on previous year in 1970.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Nigeria?
- The lowest recorded value was -15.72 % change on previous year in 1967.
- How does Nigeria rank for gross domestic product (gdp), constant prices, purchasing power?
- Nigeria ranks 111th out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Nigeria?
- Over the last ten years it is down 72.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP), Constant prices, Purchasing power International Monetary Fund
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.