Gross domestic product (GDP), per unit of GDP (Bolt) in Nigeria
Nigeria: Gross domestic product (GDP), per unit of GDP (Bolt) was 1.75 international-$ in 2011 prices per US$ of GDP in 2022. ◆ Volatile
Latest (2022)
1.75 international-$ in 2011 prices per US$ of GDP
Change on year
down 2.8%
World rank
67th
of 163 countries
All-time high
12.94 international-$ in 2011 prices per US$ of GDP
in 1960
All-time low
0.8701 international-$ in 2011 prices per US$ of GDP
in 1981
Years of data
63
1960–2022
Gross domestic product (GDP), per unit of GDP in Nigeria, 1960–2022
Source: Statizoid (derived). Measured in international-$ in 2011 prices per US$ of GDP.
Analysis
Nigeria recorded 1.75 international-$ in 2011 prices per US$ of GDP for gross domestic product (gdp), per unit of gdp in 2022.
Compared with earlier readings it is down 2.8% on the previous year and down 10.4% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Nigeria peaked at 12.94 international-$ in 2011 prices per US$ of GDP in 1960 and was at its lowest, 0.8701 international-$ in 2011 prices per US$ of GDP, in 1981.
That places Nigeria 67th out of 163 countries with data for 2022, 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), per unit of GDP (Bolt) in Nigeria, year by year
| Year | international-$ in 2011 prices per US$ of GDP | Change |
|---|---|---|
| 1960 | 12.94 international-$ in 2011 prices per US$ of GDP | — |
| 1961 | 12.57 international-$ in 2011 prices per US$ of GDP | -2.9% |
| 1962 | 12.1 international-$ in 2011 prices per US$ of GDP | -3.8% |
| 1963 | 12.58 international-$ in 2011 prices per US$ of GDP | +3.9% |
| 1964 | 12.2 international-$ in 2011 prices per US$ of GDP | -3.0% |
| 1965 | 12.31 international-$ in 2011 prices per US$ of GDP | +1.0% |
| 1966 | 10.99 international-$ in 2011 prices per US$ of GDP | -10.7% |
| 1967 | 11.36 international-$ in 2011 prices per US$ of GDP | +3.3% |
| 1968 | 11.23 international-$ in 2011 prices per US$ of GDP | -1.1% |
| 1969 | 11.17 international-$ in 2011 prices per US$ of GDP | -0.6% |
| 1970 | 7.73 international-$ in 2011 prices per US$ of GDP | -30.8% |
| 1971 | 11.81 international-$ in 2011 prices per US$ of GDP | +52.8% |
| 1972 | 9.16 international-$ in 2011 prices per US$ of GDP | -22.4% |
| 1973 | 8.05 international-$ in 2011 prices per US$ of GDP | -12.1% |
| 1974 | 5.48 international-$ in 2011 prices per US$ of GDP | -31.9% |
| 1975 | 4.76 international-$ in 2011 prices per US$ of GDP | -13.3% |
| 1976 | 4.04 international-$ in 2011 prices per US$ of GDP | -15.1% |
| 1977 | 4.22 international-$ in 2011 prices per US$ of GDP | +4.4% |
| 1978 | 3.91 international-$ in 2011 prices per US$ of GDP | -7.2% |
| 1979 | 3.23 international-$ in 2011 prices per US$ of GDP | -17.4% |
| 1980 | 2.42 international-$ in 2011 prices per US$ of GDP | -25.0% |
| 1981 | 0.8701 international-$ in 2011 prices per US$ of GDP | -64.1% |
| 1982 | 0.9935 international-$ in 2011 prices per US$ of GDP | +14.2% |
| 1983 | 1.36 international-$ in 2011 prices per US$ of GDP | +37.2% |
| 1984 | 1.72 international-$ in 2011 prices per US$ of GDP | +26.1% |
| 1985 | 1.87 international-$ in 2011 prices per US$ of GDP | +8.5% |
| 1986 | 2.56 international-$ in 2011 prices per US$ of GDP | +37.1% |
| 1987 | 2.64 international-$ in 2011 prices per US$ of GDP | +3.2% |
| 1988 | 3.08 international-$ in 2011 prices per US$ of GDP | +16.7% |
| 1989 | 3.7 international-$ in 2011 prices per US$ of GDP | +20.1% |
| 1990 | 3.17 international-$ in 2011 prices per US$ of GDP | -14.3% |
| 1991 | 2.92 international-$ in 2011 prices per US$ of GDP | -7.7% |
| 1992 | 3.49 international-$ in 2011 prices per US$ of GDP | +19.5% |
| 1993 | 3.33 international-$ in 2011 prices per US$ of GDP | -4.7% |
| 1994 | 2.41 international-$ in 2011 prices per US$ of GDP | -27.5% |
| 1995 | 1.44 international-$ in 2011 prices per US$ of GDP | -40.5% |
| 1996 | 1.16 international-$ in 2011 prices per US$ of GDP | -19.0% |
| 1997 | 1.13 international-$ in 2011 prices per US$ of GDP | -2.4% |
| 1998 | 1.1 international-$ in 2011 prices per US$ of GDP | -3.2% |
| 1999 | 4.19 international-$ in 2011 prices per US$ of GDP | +281.1% |
| 2000 | 3.88 international-$ in 2011 prices per US$ of GDP | -7.4% |
| 2001 | 3.99 international-$ in 2011 prices per US$ of GDP | +2.9% |
| 2002 | 3.63 international-$ in 2011 prices per US$ of GDP | -9.0% |
| 2003 | 3.7 international-$ in 2011 prices per US$ of GDP | +1.9% |
| 2004 | 3.23 international-$ in 2011 prices per US$ of GDP | -12.6% |
| 2005 | 2.74 international-$ in 2011 prices per US$ of GDP | -15.1% |
| 2006 | 2.21 international-$ in 2011 prices per US$ of GDP | -19.3% |
| 2007 | 2.09 international-$ in 2011 prices per US$ of GDP | -5.6% |
| 2008 | 1.88 international-$ in 2011 prices per US$ of GDP | -9.9% |
| 2009 | 2.41 international-$ in 2011 prices per US$ of GDP | +27.9% |
| 2010 | 2.21 international-$ in 2011 prices per US$ of GDP | -8.3% |
| 2011 | 2.1 international-$ in 2011 prices per US$ of GDP | -4.8% |
| 2012 | 1.96 international-$ in 2011 prices per US$ of GDP | -6.8% |
| 2013 | 1.84 international-$ in 2011 prices per US$ of GDP | -6.0% |
| 2014 | 1.77 international-$ in 2011 prices per US$ of GDP | -3.7% |
| 2015 | 2.12 international-$ in 2011 prices per US$ of GDP | +19.5% |
| 2016 | 2.54 international-$ in 2011 prices per US$ of GDP | +19.9% |
| 2017 | 2.76 international-$ in 2011 prices per US$ of GDP | +8.6% |
| 2018 | 2.5 international-$ in 2011 prices per US$ of GDP | -9.2% |
| 2019 | 1.62 international-$ in 2011 prices per US$ of GDP | -35.5% |
| 2020 | 1.77 international-$ in 2011 prices per US$ of GDP | +9.6% |
| 2021 | 1.8 international-$ in 2011 prices per US$ of GDP | +1.8% |
| 2022 | 1.75 international-$ in 2011 prices per US$ of GDP | -2.8% |
Nigeria compared with similar countries
- Nigeria's 1.75 international-$ in 2011 prices per US$ of GDP is below the median for lower middle income countries, which is 1.87 international-$ in 2011 prices per US$ of GDP, 94% of the median. (41 countries reporting)
- Nigeria's 1.75 international-$ in 2011 prices per US$ of GDP is below the median for Sub-Saharan Africa, which is 1.75 international-$ in 2011 prices per US$ of GDP, 100% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), per unit of GDP (Bolt) 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 |
|---|---|---|---|
| 1999 | +281.1% | 1.1 international-$ in 2011 prices per US$ of GDP | 4.19 international-$ in 2011 prices per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.94 international-$ in 2011 prices per US$ of GDP | 10.99 international-$ in 2011 prices per US$ of GDP | 12.94 international-$ in 2011 prices per US$ of GDP | 10 |
| 1970s | 6.24 international-$ in 2011 prices per US$ of GDP | 3.23 international-$ in 2011 prices per US$ of GDP | 11.81 international-$ in 2011 prices per US$ of GDP | 10 |
| 1980s | 2.12 international-$ in 2011 prices per US$ of GDP | 0.8701 international-$ in 2011 prices per US$ of GDP | 3.7 international-$ in 2011 prices per US$ of GDP | 10 |
| 1990s | 2.43 international-$ in 2011 prices per US$ of GDP | 1.1 international-$ in 2011 prices per US$ of GDP | 4.19 international-$ in 2011 prices per US$ of GDP | 10 |
| 2000s | 2.98 international-$ in 2011 prices per US$ of GDP | 1.88 international-$ in 2011 prices per US$ of GDP | 3.99 international-$ in 2011 prices per US$ of GDP | 10 |
| 2010s | 2.14 international-$ in 2011 prices per US$ of GDP | 1.62 international-$ in 2011 prices per US$ of GDP | 2.76 international-$ in 2011 prices per US$ of GDP | 10 |
| 2020s | 1.78 international-$ in 2011 prices per US$ of GDP | 1.75 international-$ in 2011 prices per US$ of GDP | 1.8 international-$ in 2011 prices per US$ of GDP | 3 |
Countries ranked near Nigeria
- 64 Poland 1.77 international-$ in 2011 prices per US$ of GDP compare
- 65 Gabon 1.76 international-$ in 2011 prices per US$ of GDP compare
- 66 Guinea-Bissau 1.76 international-$ in 2011 prices per US$ of GDP compare
- 68 Serbia 1.75 international-$ in 2011 prices per US$ of GDP compare
- 69 Namibia 1.74 international-$ in 2011 prices per US$ of GDP compare
- 70 Cote d'Ivoire 1.71 international-$ in 2011 prices per US$ of GDP 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)
- 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), per unit of gdp in Nigeria?
- Gross domestic product (gdp), per unit of gdp in Nigeria was 1.75 international-$ in 2011 prices per US$ of GDP in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Nigeria?
- The highest recorded value was 12.94 international-$ in 2011 prices per US$ of GDP in 1960.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Nigeria?
- The lowest recorded value was 0.8701 international-$ in 2011 prices per US$ of GDP in 1981.
- How does Nigeria rank for gross domestic product (gdp), per unit of gdp?
- Nigeria ranks 67th out of 163 countries with data for 2022.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is down 10.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ GDP (current US$)
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.