Gross domestic product (GDP), Current prices, Purchasing power parity in Nigeria
Nigeria: Gross domestic product (GDP), Current prices, Purchasing power parity was 3.27 trillion in 2031. ◆ Volatile
Gross domestic product (GDP), Current prices, Purchasing power parity in Nigeria, 1990–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), current prices, purchasing power parity in Nigeria stood at 3.27 trillion. That is the highest value across all 42 years on record.
That represents a change of up 6.1% on the previous year and up 96.9% over ten years.
Over the whole period, gross domestic product (gdp), current prices, purchasing power parity in Nigeria peaked at 3.27 trillion in 2031 and was at its lowest, 233.12 billion, in 1990.
That places Nigeria 8th out of 26 countries with data for 2031, putting it 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), Current prices, Purchasing power parity in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 233.12 billion | — |
| 1991 | 239.67 billion | +2.8% |
| 1992 | 250.51 billion | +4.5% |
| 1993 | 260.47 billion | +4.0% |
| 1994 | 266.72 billion | +2.4% |
| 1995 | 277.41 billion | +4.0% |
| 1996 | 293.93 billion | +6.0% |
| 1997 | 307.63 billion | +4.7% |
| 1998 | 318.85 billion | +3.6% |
| 1999 | 325.05 billion | +1.9% |
| 2000 | 350.76 billion | +7.9% |
| 2001 | 382.57 billion | +9.1% |
| 2002 | 445.25 billion | +16.4% |
| 2003 | 497.19 billion | +11.7% |
| 2004 | 563.87 billion | +13.4% |
| 2005 | 622.31 billion | +10.4% |
| 2006 | 684.65 billion | +10.0% |
| 2007 | 754.66 billion | +10.2% |
| 2008 | 824.57 billion | +9.3% |
| 2009 | 898.96 billion | +9.0% |
| 2010 | 1.01 trillion | +12.6% |
| 2011 | 1.08 trillion | +7.1% |
| 2012 | 1.15 trillion | +6.2% |
| 2013 | 1.23 trillion | +7.2% |
| 2014 | 1.33 trillion | +8.2% |
| 2015 | 1.38 trillion | +3.6% |
| 2016 | 1.37 trillion | -0.7% |
| 2017 | 1.41 trillion | +2.6% |
| 2018 | 1.47 trillion | +4.1% |
| 2019 | 1.58 trillion | +7.8% |
| 2020 | 1.59 trillion | +0.3% |
| 2021 | 1.66 trillion | +4.5% |
| 2022 | 1.85 trillion | +11.7% |
| 2023 | 1.99 trillion | +7.1% |
| 2024 | 2.12 trillion | +6.7% |
| 2025 | 2.26 trillion | +7.0% |
| 2026 | 2.42 trillion | +7.0% |
| 2027 | 2.58 trillion | +6.6% |
| 2028 | 2.74 trillion | +5.8% |
| 2029 | 2.90 trillion | +6.1% |
| 2030 | 3.08 trillion | +6.1% |
| 2031 | 3.27 trillion | +6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 277.34 billion | 233.12 billion | 325.05 billion | 10 |
| 2000s | 602.48 billion | 350.76 billion | 898.96 billion | 10 |
| 2010s | 1.30 trillion | 1.01 trillion | 1.58 trillion | 10 |
| 2020s | 2.21 trillion | 1.59 trillion | 2.90 trillion | 10 |
| 2030s | 3.17 trillion | 3.08 trillion | 3.27 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), current prices, purchasing power parity in Nigeria?
- Gross domestic product (gdp), current prices, purchasing power parity in Nigeria was 3.27 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, purchasing power parity recorded in Nigeria?
- The highest recorded value was 3.27 trillion in 2031.
- What is the lowest gross domestic product (gdp), current prices, purchasing power parity recorded in Nigeria?
- The lowest recorded value was 233.12 billion in 1990.
- How does Nigeria rank for gross domestic product (gdp), current prices, purchasing power parity?
- Nigeria ranks 8th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, purchasing power parity rising or falling in Nigeria?
- Over the last ten years it is up 96.9%. 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, Purchasing power parity (PPP) international dollar, ICP benchmarks 2017-2021 (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.