Gross Domestic Product, GDP in millions constant 2021 international $ in Nigeria
Nigeria: Gross Domestic Product, GDP in millions constant 2021 international $ was 1.41 million in 2027. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in Nigeria, 1991–2027
Source: International Labour Organization.
Analysis
Nigeria recorded 1.41 million for gross domestic product, gdp in millions constant 2021 international $ in 2027. That is the highest value across all 37 years on record.
Compared with earlier readings it is up 4.0% on the previous year and up 24.6% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Nigeria peaked at 1.41 million in 2027 and was at its lowest, 355,827, in 1991.
That places Nigeria 28th out of 188 countries with data for 2027, putting it in the top quarter.
The long-run direction has been consistently rising across the 37 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 355,827 | — |
| 1992 | 372,306 | +4.6% |
| 1993 | 364,729 | -2.0% |
| 1994 | 358,110 | -1.8% |
| 1995 | 357,850 | -0.1% |
| 1996 | 372,865 | +4.2% |
| 1997 | 383,816 | +2.9% |
| 1998 | 393,723 | +2.6% |
| 1999 | 396,023 | +0.6% |
| 2000 | 415,888 | +5.0% |
| 2001 | 440,498 | +5.9% |
| 2002 | 508,023 | +15.3% |
| 2003 | 545,349 | +7.3% |
| 2004 | 595,796 | +9.3% |
| 2005 | 634,157 | +6.4% |
| 2006 | 672,583 | +6.1% |
| 2007 | 716,914 | +6.6% |
| 2008 | 765,410 | +6.8% |
| 2009 | 826,925 | +8.0% |
| 2010 | 893,126 | +8.0% |
| 2011 | 940,532 | +5.3% |
| 2012 | 980,317 | +4.2% |
| 2013 | 1.05 million | +6.7% |
| 2014 | 1.11 million | +6.3% |
| 2015 | 1.14 million | +2.7% |
| 2016 | 1.12 million | -1.6% |
| 2017 | 1.13 million | +0.8% |
| 2018 | 1.15 million | +1.9% |
| 2019 | 1.18 million | +2.2% |
| 2020 | 1.10 million | -6.4% |
| 2021 | 1.12 million | +1.1% |
| 2022 | 1.16 million | +4.3% |
| 2023 | 1.20 million | +3.3% |
| 2024 | 1.25 million | +4.1% |
| 2025 | 1.30 million | +3.9% |
| 2026 | 1.36 million | +4.2% |
| 2027 | 1.41 million | +4.0% |
Nigeria compared with similar countries
- Nigeria's 1.41 million is above the median for lower middle income countries, which is 75,074, 18.8× the median. (46 countries reporting)
- Nigeria's 1.41 million is above the median for Sub-Saharan Africa, which is 55,772, 25.3× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 372,805 | 355,827 | 396,023 | 9 |
| 2000s | 612,154 | 415,888 | 826,925 | 10 |
| 2010s | 1.07 million | 893,126 | 1.18 million | 10 |
| 2020s | 1.24 million | 1.10 million | 1.41 million | 8 |
Countries ranked near Nigeria
- 25 Iran, Islamic Republic of 1.57 million compare
- 26 Pakistan 1.54 million compare
- 27 Philippines 1.42 million compare
- 29 Argentina 1.38 million compare
- 30 Malaysia 1.37 million compare
- 31 Netherlands 1.32 million 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 in millions constant 2021 international $ in Nigeria?
- Gross domestic product, gdp in millions constant 2021 international $ in Nigeria was 1.41 million in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Nigeria?
- The highest recorded value was 1.41 million in 2027.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Nigeria?
- The lowest recorded value was 355,827 in 1991.
- How does Nigeria rank for gross domestic product, gdp in millions constant 2021 international $?
- Nigeria ranks 28th out of 188 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Nigeria?
- Over the last ten years it is up 24.6%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.