Gross domestic product (GDP), Constant prices, Purchasing power in Nigeria
Nigeria: Gross domestic product (GDP), Constant prices, Purchasing power was 1,007 in 2019. ◆ Volatile
Latest (2019)
1,007
Change on year
up 2.2%
World rank
24th
of 193 countries
All-time high
1,007
in 2019
All-time low
120.74
in 1967
Years of data
60
1960–2019
Gross domestic product (GDP), Constant prices, Purchasing power in Nigeria, 1960–2019
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), constant prices, purchasing power in Nigeria is 1,007, measured in 2019. That is the highest value across all 60 years on record.
The figure is up 2.2% on the previous year and up 42.6% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Nigeria peaked at 1,007 in 2019 and was at its lowest, 120.74, in 1967.
Nigeria ranks 24th of 193 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), Constant prices, Purchasing power in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 141.93 | — |
| 1961 | 136.01 | -4.2% |
| 1962 | 141.17 | +3.8% |
| 1963 | 153.41 | +8.7% |
| 1964 | 158.37 | +3.2% |
| 1965 | 150.95 | -4.7% |
| 1966 | 143.27 | -5.1% |
| 1967 | 120.74 | -15.7% |
| 1968 | 121.55 | +0.7% |
| 1969 | 143.09 | +17.7% |
| 1970 | 171.49 | +19.8% |
| 1971 | 195.9 | +14.2% |
| 1972 | 209.98 | +7.2% |
| 1973 | 222.8 | +6.1% |
| 1974 | 246.88 | +10.8% |
| 1975 | 248.6 | +0.7% |
| 1976 | 266.26 | +7.1% |
| 1977 | 288.27 | +8.3% |
| 1978 | 279.92 | -2.9% |
| 1979 | 272.2 | -2.8% |
| 1980 | 278.24 | +2.2% |
| 1981 | 275.73 | -0.9% |
| 1982 | 256.97 | -6.8% |
| 1983 | 228.9 | -10.9% |
| 1984 | 226.34 | -1.1% |
| 1985 | 239.73 | +5.9% |
| 1986 | 239.87 | +0.1% |
| 1987 | 247.55 | +3.2% |
| 1988 | 265.7 | +7.3% |
| 1989 | 270.81 | +1.9% |
| 1990 | 302.7 | +11.8% |
| 1991 | 303.78 | +0.4% |
| 1992 | 317.85 | +4.6% |
| 1993 | 311.38 | -2.0% |
| 1994 | 305.73 | -1.8% |
| 1995 | 305.51 | -0.1% |
| 1996 | 318.33 | +4.2% |
| 1997 | 327.68 | +2.9% |
| 1998 | 336.14 | +2.6% |
| 1999 | 338.1 | +0.6% |
| 2000 | 355.06 | +5.0% |
| 2001 | 376.07 | +5.9% |
| 2002 | 433.72 | +15.3% |
| 2003 | 465.58 | +7.3% |
| 2004 | 508.65 | +9.3% |
| 2005 | 541.4 | +6.4% |
| 2006 | 574.21 | +6.1% |
| 2007 | 612.05 | +6.6% |
| 2008 | 653.46 | +6.8% |
| 2009 | 705.98 | +8.0% |
| 2010 | 762.49 | +8.0% |
| 2011 | 802.97 | +5.3% |
| 2012 | 836.93 | +4.2% |
| 2013 | 892.77 | +6.7% |
| 2014 | 949.1 | +6.3% |
| 2015 | 974.27 | +2.7% |
| 2016 | 958.52 | -1.6% |
| 2017 | 966.33 | +0.8% |
| 2018 | 984.96 | +1.9% |
| 2019 | 1,007 | +2.2% |
Nigeria compared with similar countries
- Nigeria's 1,007 is above the median for lower middle income countries, which is 48.19, 20.9× the median. (46 countries reporting)
- Nigeria's 1,007 is above the median for Sub-Saharan Africa, which is 30.24, 33.3× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 141.05 | 120.74 | 158.37 | 10 |
| 1970s | 240.23 | 171.49 | 288.27 | 10 |
| 1980s | 252.98 | 226.34 | 278.24 | 10 |
| 1990s | 316.72 | 302.7 | 338.1 | 10 |
| 2000s | 522.62 | 355.06 | 705.98 | 10 |
| 2010s | 913.49 | 762.49 | 1,007 | 10 |
Countries ranked near Nigeria
- 21 Thailand 1,229 compare
- 22 Chinese Taipei 1,128 compare
- 23 Pakistan 1,079 compare
- 25 Iran, Islamic Republic of 1,001 compare
- 26 Netherlands 982.22 compare
- 27 Argentina 975.02 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), constant prices, purchasing power in Nigeria?
- Gross domestic product (gdp), constant prices, purchasing power in Nigeria was 1,007 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Nigeria?
- The highest recorded value was 1,007 in 2019.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Nigeria?
- The lowest recorded value was 120.74 in 1967.
- How does Nigeria rank for gross domestic product (gdp), constant prices, purchasing power?
- Nigeria ranks 24th 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 up 42.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.