Gross domestic product (GDP), Purchasing power parity (PPP) in Nigeria
Nigeria: Gross domestic product (GDP), Purchasing power parity (PPP) was 1.15 in 2031. ▲ Rising
Gross domestic product (GDP), Purchasing power parity (PPP) in Nigeria, 1990–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), purchasing power parity (ppp) in Nigeria is 1.15, measured in 2031.
Compared with earlier readings it is up 1.1% on the previous year and up 8.6% over ten years.
Over the whole period, gross domestic product (gdp), purchasing power parity (ppp) in Nigeria peaked at 1.23 in 2014 and was at its lowest, 0.6962, in 1999.
Nigeria ranks 8th of 26 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 42 years of available data.
Gross domestic product (GDP), Purchasing power parity (PPP) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.8493 | — |
| 1991 | 0.8258 | -2.8% |
| 1992 | 0.7576 | -8.3% |
| 1993 | 0.7555 | -0.3% |
| 1994 | 0.7365 | -2.5% |
| 1995 | 0.7241 | -1.7% |
| 1996 | 0.7259 | +0.3% |
| 1997 | 0.7175 | -1.2% |
| 1998 | 0.7166 | -0.1% |
| 1999 | 0.6962 | -2.9% |
| 2000 | 0.6988 | +0.4% |
| 2001 | 0.7276 | +4.1% |
| 2002 | 0.8115 | +11.5% |
| 2003 | 0.8574 | +5.7% |
| 2004 | 0.9006 | +5.0% |
| 2005 | 0.9212 | +2.3% |
| 2006 | 0.9348 | +1.5% |
| 2007 | 0.9534 | +2.0% |
| 2008 | 0.9941 | +4.3% |
| 2009 | 1.08 | +9.1% |
| 2010 | 1.15 | +5.8% |
| 2011 | 1.16 | +1.0% |
| 2012 | 1.17 | +1.0% |
| 2013 | 1.19 | +2.0% |
| 2014 | 1.23 | +2.7% |
| 2015 | 1.22 | -0.7% |
| 2016 | 1.16 | -4.6% |
| 2017 | 1.13 | -2.9% |
| 2018 | 1.11 | -2.1% |
| 2019 | 1.13 | +1.8% |
| 2020 | 1.13 | +0.5% |
| 2021 | 1.06 | -6.7% |
| 2022 | 1.06 | +0.6% |
| 2023 | 1.06 | +0.1% |
| 2024 | 1.07 | +0.7% |
| 2025 | 1.08 | +0.6% |
| 2026 | 1.09 | +1.1% |
| 2027 | 1.1 | +1.1% |
| 2028 | 1.11 | +0.9% |
| 2029 | 1.12 | +1.1% |
| 2030 | 1.13 | +1.1% |
| 2031 | 1.15 | +1.1% |
Nigeria compared with similar countries
- Nigeria's 1.15 is above the median for lower middle income countries, which is 1.15, 1.0× the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7505 | 0.6962 | 0.8493 | 10 |
| 2000s | 0.8884 | 0.6988 | 1.08 | 10 |
| 2010s | 1.16 | 1.11 | 1.23 | 10 |
| 2020s | 1.09 | 1.06 | 1.13 | 10 |
| 2030s | 1.14 | 1.13 | 1.15 | 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), purchasing power parity (ppp) in Nigeria?
- Gross domestic product (gdp), purchasing power parity (ppp) in Nigeria was 1.15 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), purchasing power parity (ppp) recorded in Nigeria?
- The highest recorded value was 1.23 in 2014.
- What is the lowest gross domestic product (gdp), purchasing power parity (ppp) recorded in Nigeria?
- The lowest recorded value was 0.6962 in 1999.
- How does Nigeria rank for gross domestic product (gdp), purchasing power parity (ppp)?
- Nigeria ranks 8th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), purchasing power parity (ppp) rising or falling in Nigeria?
- Over the last ten years it is up 8.6%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Purchasing power parity (PPP) international dollar, percent of world GDP, Percent, 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.