Gross domestic product (GDP), Current prices, Domestic currency in Nigeria
Nigeria: Gross domestic product (GDP), Current prices, Domestic currency was 145,639 in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in Nigeria, 1960–2019
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), current prices, domestic currency in Nigeria is 145,639, measured in 2019. That is the highest value across all 60 years on record.
The figure is up 12.8% on the previous year and up 235.1% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Nigeria peaked at 145,639 in 2019 and was at its lowest, 6.54, in 1960.
That places Nigeria 14th out of 194 countries with data for 2019, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Domestic currency in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 6.54 | — |
| 1961 | 7.02 | +7.4% |
| 1962 | 7.6 | +8.2% |
| 1963 | 8.07 | +6.2% |
| 1964 | 8.92 | +10.5% |
| 1965 | 9.81 | +10.0% |
| 1966 | 10.42 | +6.2% |
| 1967 | 8.55 | -17.9% |
| 1968 | 8.49 | -0.7% |
| 1969 | 11.19 | +31.8% |
| 1970 | 20.99 | +87.5% |
| 1971 | 24.3 | +15.8% |
| 1972 | 27.28 | +12.2% |
| 1973 | 31.34 | +14.9% |
| 1974 | 48.61 | +55.1% |
| 1975 | 60.37 | +24.2% |
| 1976 | 74.97 | +24.2% |
| 1977 | 89.75 | +19.7% |
| 1978 | 98.68 | +10.0% |
| 1979 | 113.54 | +15.1% |
| 1980 | 133.33 | +17.4% |
| 1981 | 139.31 | +4.5% |
| 1982 | 149.05 | +7.0% |
| 1983 | 158.75 | +6.5% |
| 1984 | 165.85 | +4.5% |
| 1985 | 187.83 | +13.3% |
| 1986 | 198.12 | +5.5% |
| 1987 | 244.68 | +23.5% |
| 1988 | 315.62 | +29.0% |
| 1989 | 414.86 | +31.4% |
| 1990 | 494.64 | +19.2% |
| 1991 | 590.06 | +19.3% |
| 1992 | 906.03 | +53.5% |
| 1993 | 1,257 | +38.8% |
| 1994 | 1,769 | +40.7% |
| 1995 | 3,100 | +75.3% |
| 1996 | 4,086 | +31.8% |
| 1997 | 4,419 | +8.1% |
| 1998 | 4,805 | +8.7% |
| 1999 | 5,482 | +14.1% |
| 2000 | 7,063 | +28.8% |
| 2001 | 8,234 | +16.6% |
| 2002 | 11,502 | +39.7% |
| 2003 | 13,557 | +17.9% |
| 2004 | 18,124 | +33.7% |
| 2005 | 23,122 | +27.6% |
| 2006 | 30,375 | +31.4% |
| 2007 | 34,676 | +14.2% |
| 2008 | 39,954 | +15.2% |
| 2009 | 43,462 | +8.8% |
| 2010 | 54,612 | +25.7% |
| 2011 | 63,135 | +15.6% |
| 2012 | 72,352 | +14.6% |
| 2013 | 81,010 | +12.0% |
| 2014 | 90,137 | +11.3% |
| 2015 | 95,178 | +5.6% |
| 2016 | 102,575 | +7.8% |
| 2017 | 114,907 | +12.0% |
| 2018 | 129,113 | +12.4% |
| 2019 | 145,639 | +12.8% |
Nigeria compared with similar countries
- Nigeria's 145,639 is above the median for lower middle income countries, which is 933.12, 156.1× the median. (46 countries reporting)
- Nigeria's 145,639 is above the median for Sub-Saharan Africa, which is 5,309, 27.4× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Current prices, Domestic currency 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 |
|---|---|---|---|
| 1970 | +87.5% | 11.19 | 20.99 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.66 | 6.54 | 11.19 | 10 |
| 1970s | 58.98 | 20.99 | 113.54 | 10 |
| 1980s | 210.74 | 133.33 | 414.86 | 10 |
| 1990s | 2,691 | 494.64 | 5,482 | 10 |
| 2000s | 23,007 | 7,063 | 43,462 | 10 |
| 2010s | 94,866 | 54,612 | 145,639 | 10 |
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0107 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, domestic currency in Nigeria?
- Gross domestic product (gdp), current prices, domestic currency in Nigeria was 145,639 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Nigeria?
- The highest recorded value was 145,639 in 2019.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Nigeria?
- The lowest recorded value was 6.54 in 1960.
- How does Nigeria rank for gross domestic product (gdp), current prices, domestic currency?
- Nigeria ranks 14th out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Nigeria?
- Over the last ten years it is up 235.1%. 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), Current prices, Domestic currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.