Gross domestic product (GDP), per unit of GDP in Nigeria
Nigeria: Gross domestic product (GDP), per unit of GDP was 2.2 international-$ in 2021 prices per US$ of GDP in 2023. ◆ Volatile
Latest (2023)
2.2 international-$ in 2021 prices per US$ of GDP
Change on year
up 31.4%
World rank
82nd
of 180 countries
All-time high
21.74 international-$ in 2021 prices per US$ of GDP
in 1960
All-time low
1.56 international-$ in 2021 prices per US$ of GDP
in 1999
Years of data
48
1960–2023
Gross domestic product (GDP), per unit of GDP in Nigeria, 1960–2023
Source: Statizoid (derived). Measured in international-$ in 2021 prices per US$ of GDP.
Analysis
In 2023, gross domestic product (gdp), per unit of gdp in Nigeria stood at 2.2 international-$ in 2021 prices per US$ of GDP.
Compared with earlier readings it is up 31.4% on the previous year and up 5.9% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Nigeria peaked at 21.74 international-$ in 2021 prices per US$ of GDP in 1960 and was at its lowest, 1.56 international-$ in 2021 prices per US$ of GDP, in 1999.
That places Nigeria 82nd out of 180 countries with data for 2023, 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 in Nigeria, year by year
| Year | international-$ in 2021 prices per US$ of GDP | Change |
|---|---|---|
| 1960 | 21.74 international-$ in 2021 prices per US$ of GDP | — |
| 1961 | 21.48 international-$ in 2021 prices per US$ of GDP | -1.2% |
| 1962 | 20.63 international-$ in 2021 prices per US$ of GDP | -4.0% |
| 1963 | 20.68 international-$ in 2021 prices per US$ of GDP | +0.3% |
| 1964 | 19.22 international-$ in 2021 prices per US$ of GDP | -7.1% |
| 1965 | 20.47 international-$ in 2021 prices per US$ of GDP | +6.5% |
| 1966 | 18.98 international-$ in 2021 prices per US$ of GDP | -7.3% |
| 1967 | 20.11 international-$ in 2021 prices per US$ of GDP | +6.0% |
| 1968 | 20.19 international-$ in 2021 prices per US$ of GDP | +0.4% |
| 1969 | 19.63 international-$ in 2021 prices per US$ of GDP | -2.8% |
| 1970 | 14.03 international-$ in 2021 prices per US$ of GDP | -28.6% |
| 1971 | 21.23 international-$ in 2021 prices per US$ of GDP | +51.3% |
| 1972 | 16.99 international-$ in 2021 prices per US$ of GDP | -20.0% |
| 1973 | 16.4 international-$ in 2021 prices per US$ of GDP | -3.5% |
| 1974 | 10.97 international-$ in 2021 prices per US$ of GDP | -33.1% |
| 1975 | 9.97 international-$ in 2021 prices per US$ of GDP | -9.1% |
| 1976 | 8.03 international-$ in 2021 prices per US$ of GDP | -19.5% |
| 1977 | 9.01 international-$ in 2021 prices per US$ of GDP | +12.3% |
| 1978 | 9.25 international-$ in 2021 prices per US$ of GDP | +2.6% |
| 1979 | 7.46 international-$ in 2021 prices per US$ of GDP | -19.3% |
| 1980 | 5.93 international-$ in 2021 prices per US$ of GDP | -20.5% |
| 1981 | 2.25 international-$ in 2021 prices per US$ of GDP | -62.0% |
| 1982 | 2.32 international-$ in 2021 prices per US$ of GDP | +3.1% |
| 1999 | 1.56 international-$ in 2021 prices per US$ of GDP | -32.9% |
| 2000 | 1.82 international-$ in 2021 prices per US$ of GDP | +16.6% |
| 2001 | 1.86 international-$ in 2021 prices per US$ of GDP | +2.5% |
| 2002 | 1.87 international-$ in 2021 prices per US$ of GDP | +0.4% |
| 2003 | 2.27 international-$ in 2021 prices per US$ of GDP | +21.2% |
| 2004 | 2.37 international-$ in 2021 prices per US$ of GDP | +4.3% |
| 2005 | 3.01 international-$ in 2021 prices per US$ of GDP | +27.2% |
| 2006 | 2.6 international-$ in 2021 prices per US$ of GDP | -13.4% |
| 2007 | 2.48 international-$ in 2021 prices per US$ of GDP | -4.8% |
| 2008 | 2.11 international-$ in 2021 prices per US$ of GDP | -15.1% |
| 2009 | 2.58 international-$ in 2021 prices per US$ of GDP | +22.5% |
| 2010 | 2.48 international-$ in 2021 prices per US$ of GDP | -4.0% |
| 2011 | 2.32 international-$ in 2021 prices per US$ of GDP | -6.3% |
| 2012 | 2.17 international-$ in 2021 prices per US$ of GDP | -6.6% |
| 2013 | 2.08 international-$ in 2021 prices per US$ of GDP | -4.0% |
| 2014 | 2.02 international-$ in 2021 prices per US$ of GDP | -3.1% |
| 2015 | 2.36 international-$ in 2021 prices per US$ of GDP | +16.8% |
| 2016 | 2.78 international-$ in 2021 prices per US$ of GDP | +18.1% |
| 2017 | 2.93 international-$ in 2021 prices per US$ of GDP | +5.2% |
| 2018 | 2.65 international-$ in 2021 prices per US$ of GDP | -9.5% |
| 2019 | 1.79 international-$ in 2021 prices per US$ of GDP | -32.4% |
| 2020 | 2.01 international-$ in 2021 prices per US$ of GDP | +12.2% |
| 2021 | 1.83 international-$ in 2021 prices per US$ of GDP | -8.9% |
| 2022 | 1.68 international-$ in 2021 prices per US$ of GDP | -8.3% |
| 2023 | 2.2 international-$ in 2021 prices per US$ of GDP | +31.4% |
Nigeria compared with similar countries
- Nigeria's 2.2 international-$ in 2021 prices per US$ of GDP is below the median for lower middle income countries, which is 2.55 international-$ in 2021 prices per US$ of GDP, 87% of the median. (42 countries reporting)
- Nigeria's 2.2 international-$ in 2021 prices per US$ of GDP is below the median for Sub-Saharan Africa, which is 2.51 international-$ in 2021 prices per US$ of GDP, 88% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.31 international-$ in 2021 prices per US$ of GDP | 18.98 international-$ in 2021 prices per US$ of GDP | 21.74 international-$ in 2021 prices per US$ of GDP | 10 |
| 1970s | 12.33 international-$ in 2021 prices per US$ of GDP | 7.46 international-$ in 2021 prices per US$ of GDP | 21.23 international-$ in 2021 prices per US$ of GDP | 10 |
| 1980s | 3.5 international-$ in 2021 prices per US$ of GDP | 2.25 international-$ in 2021 prices per US$ of GDP | 5.93 international-$ in 2021 prices per US$ of GDP | 3 |
| 1990s | 1.56 international-$ in 2021 prices per US$ of GDP | 1.56 international-$ in 2021 prices per US$ of GDP | 1.56 international-$ in 2021 prices per US$ of GDP | 1 |
| 2000s | 2.3 international-$ in 2021 prices per US$ of GDP | 1.82 international-$ in 2021 prices per US$ of GDP | 3.01 international-$ in 2021 prices per US$ of GDP | 10 |
| 2010s | 2.36 international-$ in 2021 prices per US$ of GDP | 1.79 international-$ in 2021 prices per US$ of GDP | 2.93 international-$ in 2021 prices per US$ of GDP | 10 |
| 2020s | 1.93 international-$ in 2021 prices per US$ of GDP | 1.68 international-$ in 2021 prices per US$ of GDP | 2.2 international-$ in 2021 prices per US$ of GDP | 4 |
Countries ranked near Nigeria
- 79 Bolivia 2.26 international-$ in 2021 prices per US$ of GDP compare
- 80 Comoros 2.22 international-$ in 2021 prices per US$ of GDP compare
- 81 Central African Republic 2.21 international-$ in 2021 prices per US$ of GDP compare
- 83 Bosnia and Herzegovina 2.2 international-$ in 2021 prices per US$ of GDP compare
- 84 Montenegro 2.18 international-$ in 2021 prices per US$ of GDP compare
- 85 Dominican Republic 2.17 international-$ in 2021 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)
- 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), per unit of gdp in Nigeria?
- Gross domestic product (gdp), per unit of gdp in Nigeria was 2.2 international-$ in 2021 prices per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Nigeria?
- The highest recorded value was 21.74 international-$ in 2021 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 1.56 international-$ in 2021 prices per US$ of GDP in 1999.
- How does Nigeria rank for gross domestic product (gdp), per unit of gdp?
- Nigeria ranks 82nd out of 180 countries with data for 2023.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 5.9%. 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 — 48 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) Feenstra et al. – Penn World Table (2025) – 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.