Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nigeria
Nigeria: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.4776 million SLC per person in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
Nigeria recorded 0.4776 million SLC per person for gross domestic product — value standard local currency, 2015 prices in 2024.
Compared with earlier readings it is up 1.3% on the previous year and down 5.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Nigeria peaked at 0.5046 million SLC per person in 2015 and was at its lowest, 0.2708 million SLC per person, in 1984.
That places Nigeria 47th out of 194 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nigeria, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.303 million SLC per person | — |
| 1971 | 0.3381 million SLC per person | +11.6% |
| 1972 | 0.3538 million SLC per person | +4.6% |
| 1973 | 0.3662 million SLC per person | +3.5% |
| 1974 | 0.3953 million SLC per person | +7.9% |
| 1975 | 0.3871 million SLC per person | -2.1% |
| 1976 | 0.4029 million SLC per person | +4.1% |
| 1977 | 0.4234 million SLC per person | +5.1% |
| 1978 | 0.3987 million SLC per person | -5.8% |
| 1979 | 0.376 million SLC per person | -5.7% |
| 1980 | 0.3725 million SLC per person | -0.9% |
| 1981 | 0.3579 million SLC per person | -3.9% |
| 1982 | 0.3238 million SLC per person | -9.6% |
| 1983 | 0.281 million SLC per person | -13.2% |
| 1984 | 0.2708 million SLC per person | -3.6% |
| 1985 | 0.2788 million SLC per person | +3.0% |
| 1986 | 0.2715 million SLC per person | -2.6% |
| 1987 | 0.2729 million SLC per person | +0.5% |
| 1988 | 0.2851 million SLC per person | +4.5% |
| 1989 | 0.2829 million SLC per person | -0.8% |
| 1990 | 0.3078 million SLC per person | +8.8% |
| 1991 | 0.3008 million SLC per person | -2.3% |
| 1992 | 0.3066 million SLC per person | +1.9% |
| 1993 | 0.2925 million SLC per person | -4.6% |
| 1994 | 0.2797 million SLC per person | -4.4% |
| 1995 | 0.2722 million SLC per person | -2.7% |
| 1996 | 0.2763 million SLC per person | +1.5% |
| 1997 | 0.2771 million SLC per person | +0.3% |
| 1998 | 0.277 million SLC per person | -0.1% |
| 1999 | 0.2713 million SLC per person | -2.0% |
| 2000 | 0.2774 million SLC per person | +2.2% |
| 2001 | 0.286 million SLC per person | +3.1% |
| 2002 | 0.3209 million SLC per person | +12.2% |
| 2003 | 0.3351 million SLC per person | +4.4% |
| 2004 | 0.3561 million SLC per person | +6.3% |
| 2005 | 0.3687 million SLC per person | +3.5% |
| 2006 | 0.3804 million SLC per person | +3.2% |
| 2007 | 0.3944 million SLC per person | +3.7% |
| 2008 | 0.4095 million SLC per person | +3.8% |
| 2009 | 0.4302 million SLC per person | +5.1% |
| 2010 | 0.4589 million SLC per person | +6.7% |
| 2011 | 0.4681 million SLC per person | +2.0% |
| 2012 | 0.4747 million SLC per person | +1.4% |
| 2013 | 0.4869 million SLC per person | +2.6% |
| 2014 | 0.5042 million SLC per person | +3.5% |
| 2015 | 0.5046 million SLC per person | +0.1% |
| 2016 | 0.4843 million SLC per person | -4.0% |
| 2017 | 0.4765 million SLC per person | -1.6% |
| 2018 | 0.4745 million SLC per person | -0.4% |
| 2019 | 0.4745 million SLC per person | -0.0% |
| 2020 | 0.4562 million SLC per person | -3.9% |
| 2021 | 0.463 million SLC per person | +1.5% |
| 2022 | 0.4681 million SLC per person | +1.1% |
| 2023 | 0.4715 million SLC per person | +0.7% |
| 2024 | 0.4776 million SLC per person | +1.3% |
Nigeria compared with similar countries
- Nigeria's 0.4776 million SLC per person is above the median for lower middle income countries, which is 0.1359 million SLC per person, 3.5× the median. (44 countries reporting)
- Nigeria's 0.4776 million SLC per person is above the median for Sub-Saharan Africa, which is 0.3487 million SLC per person, 1.4× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3745 million SLC per person | 0.303 million SLC per person | 0.4234 million SLC per person | 10 |
| 1980s | 0.2997 million SLC per person | 0.2708 million SLC per person | 0.3725 million SLC per person | 10 |
| 1990s | 0.2861 million SLC per person | 0.2713 million SLC per person | 0.3078 million SLC per person | 10 |
| 2000s | 0.3559 million SLC per person | 0.2774 million SLC per person | 0.4302 million SLC per person | 10 |
| 2010s | 0.4807 million SLC per person | 0.4589 million SLC per person | 0.5046 million SLC per person | 10 |
| 2020s | 0.4673 million SLC per person | 0.4562 million SLC per person | 0.4776 million SLC per person | 5 |
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 — value standard local currency, 2015 prices in Nigeria?
- Gross domestic product — value standard local currency, 2015 prices in Nigeria was 0.4776 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Nigeria?
- The highest recorded value was 0.5046 million SLC per person in 2015.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Nigeria?
- The lowest recorded value was 0.2708 million SLC per person in 1984.
- How does Nigeria rank for gross domestic product — value standard local currency, 2015 prices?
- Nigeria ranks 47th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Nigeria?
- Over the last ten years it is down 5.3%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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 — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.