Gross domestic product (GDP), Current prices, US dollar in Nigeria
Nigeria: Gross domestic product (GDP), Current prices, US dollar was 496.28 billion in 2031. ◆ Volatile
Latest (2031)
496.28 billion
Change on year
up 6.8%
World rank
15th
of 26 countries
All-time high
811.13 billion
in 2014
All-time low
73.61 billion
in 1992
Years of data
42
1990–2031
Gross domestic product (GDP), Current prices, US dollar in Nigeria, 1990–2031
Source: International Monetary Fund.
Analysis
Nigeria recorded 496.28 billion for gross domestic product (gdp), current prices, us dollar in 2031.
That represents a change of up 6.8% on the previous year and down 18.6% over ten years.
Over the whole period, gross domestic product (gdp), current prices, us dollar in Nigeria peaked at 811.13 billion in 2014 and was at its lowest, 73.61 billion, in 1992.
Nigeria ranks 15th of 26 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), Current prices, US dollar in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 87.54 billion | — |
| 1991 | 84.68 billion | -3.3% |
| 1992 | 73.61 billion | -13.1% |
| 1993 | 80.00 billion | +8.7% |
| 1994 | 112.84 billion | +41.1% |
| 1995 | 186.21 billion | +65.0% |
| 1996 | 243.18 billion | +30.6% |
| 1997 | 264.55 billion | +8.8% |
| 1998 | 295.27 billion | +11.6% |
| 1999 | 80.94 billion | -72.6% |
| 2000 | 95.51 billion | +18.0% |
| 2001 | 102.98 billion | +7.8% |
| 2002 | 132.35 billion | +28.5% |
| 2003 | 144.96 billion | +9.5% |
| 2004 | 183.55 billion | +26.6% |
| 2005 | 238.90 billion | +30.2% |
| 2006 | 313.74 billion | +31.3% |
| 2007 | 375.06 billion | +19.5% |
| 2008 | 472.28 billion | +25.9% |
| 2009 | 425.92 billion | -9.8% |
| 2010 | 526.81 billion | +23.7% |
| 2011 | 591.37 billion | +12.3% |
| 2012 | 657.85 billion | +11.2% |
| 2013 | 734.89 billion | +11.7% |
| 2014 | 811.13 billion | +10.4% |
| 2015 | 696.09 billion | -14.2% |
| 2016 | 570.35 billion | -18.1% |
| 2017 | 529.14 billion | -7.2% |
| 2018 | 593.90 billion | +12.2% |
| 2019 | 668.22 billion | +12.5% |
| 2020 | 598.73 billion | -10.4% |
| 2021 | 609.48 billion | +1.8% |
| 2022 | 645.68 billion | +5.9% |
| 2023 | 487.35 billion | -24.5% |
| 2024 | 252.11 billion | -48.3% |
| 2025 | 290.49 billion | +15.2% |
| 2026 | 377.37 billion | +29.9% |
| 2027 | 387.64 billion | +2.7% |
| 2028 | 405.58 billion | +4.6% |
| 2029 | 434.81 billion | +7.2% |
| 2030 | 464.84 billion | +6.9% |
| 2031 | 496.28 billion | +6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 150.88 billion | 73.61 billion | 295.27 billion | 10 |
| 2000s | 248.52 billion | 95.51 billion | 472.28 billion | 10 |
| 2010s | 637.98 billion | 526.81 billion | 811.13 billion | 10 |
| 2020s | 448.92 billion | 252.11 billion | 645.68 billion | 10 |
| 2030s | 480.56 billion | 464.84 billion | 496.28 billion | 2 |
Countries ranked near Nigeria
- 12 Thailand 675.35 billion compare
- 13 Egypt 665.60 billion compare
- 14 Hong Kong, China 562.36 billion compare
- 16 Iran, Islamic Republic of 363.95 billion compare
- 17 Dominican Republic 190.47 billion compare
- 18 Ecuador 171.30 billion 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)
- 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, us dollar in Nigeria?
- Gross domestic product (gdp), current prices, us dollar in Nigeria was 496.28 billion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, us dollar recorded in Nigeria?
- The highest recorded value was 811.13 billion in 2014.
- What is the lowest gross domestic product (gdp), current prices, us dollar recorded in Nigeria?
- The lowest recorded value was 73.61 billion in 1992.
- How does Nigeria rank for gross domestic product (gdp), current prices, us dollar?
- Nigeria ranks 15th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, us dollar rising or falling in Nigeria?
- Over the last ten years it is down 18.6%. 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), Current prices, US dollar (9/26/2025). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.