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% |
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)
- Total reserves minus gold (current US$), annual growth rate 11.4 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1479 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 181.09 current US$ per person (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.18 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 348.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 427,154 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.4555 constant 2015 US$ 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
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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.