Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nigeria
Nigeria: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 117.98 million SLC per square kilometre in 2023. ◆ Volatile
Latest (2023)
117.98 million SLC per square kilometre
Change on year
up 2.9%
World rank
33rd
of 194 countries
All-time high
117.98 million SLC per square kilometre
in 2023
All-time low
18.59 million SLC per square kilometre
in 1970
Years of data
54
1970–2023
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nigeria, 1970–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
In 2023, gross domestic product — value standard local currency, 2015 prices in Nigeria stood at 117.98 million SLC per square kilometre. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 2.9% on the previous year and up 21.9% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Nigeria peaked at 117.98 million SLC per square kilometre in 2023 and was at its lowest, 18.59 million SLC per square kilometre, in 1970.
That places Nigeria 33rd out of 194 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nigeria, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1970 | 18.59 million SLC per square kilometre | — |
| 1971 | 21.24 million SLC per square kilometre | +14.2% |
| 1972 | 22.77 million SLC per square kilometre | +7.2% |
| 1973 | 24.16 million SLC per square kilometre | +6.1% |
| 1974 | 26.77 million SLC per square kilometre | +10.8% |
| 1975 | 26.95 million SLC per square kilometre | +0.7% |
| 1976 | 28.87 million SLC per square kilometre | +7.1% |
| 1977 | 31.26 million SLC per square kilometre | +8.3% |
| 1978 | 30.35 million SLC per square kilometre | -2.9% |
| 1979 | 29.51 million SLC per square kilometre | -2.8% |
| 1980 | 30.17 million SLC per square kilometre | +2.2% |
| 1981 | 29.9 million SLC per square kilometre | -0.9% |
| 1982 | 27.86 million SLC per square kilometre | -6.8% |
| 1983 | 24.82 million SLC per square kilometre | -10.9% |
| 1984 | 24.54 million SLC per square kilometre | -1.1% |
| 1985 | 25.99 million SLC per square kilometre | +5.9% |
| 1986 | 26.01 million SLC per square kilometre | +0.1% |
| 1987 | 26.84 million SLC per square kilometre | +3.2% |
| 1988 | 28.81 million SLC per square kilometre | +7.3% |
| 1989 | 29.36 million SLC per square kilometre | +1.9% |
| 1990 | 32.82 million SLC per square kilometre | +11.8% |
| 1991 | 32.94 million SLC per square kilometre | +0.4% |
| 1992 | 34.46 million SLC per square kilometre | +4.6% |
| 1993 | 33.76 million SLC per square kilometre | -2.0% |
| 1994 | 33.15 million SLC per square kilometre | -1.8% |
| 1995 | 33.12 million SLC per square kilometre | -0.1% |
| 1996 | 34.52 million SLC per square kilometre | +4.2% |
| 1997 | 35.53 million SLC per square kilometre | +2.9% |
| 1998 | 36.45 million SLC per square kilometre | +2.6% |
| 1999 | 36.66 million SLC per square kilometre | +0.6% |
| 2000 | 38.5 million SLC per square kilometre | +5.0% |
| 2001 | 40.78 million SLC per square kilometre | +5.9% |
| 2002 | 47.03 million SLC per square kilometre | +15.3% |
| 2003 | 50.48 million SLC per square kilometre | +7.3% |
| 2004 | 55.15 million SLC per square kilometre | +9.3% |
| 2005 | 58.7 million SLC per square kilometre | +6.4% |
| 2006 | 62.26 million SLC per square kilometre | +6.1% |
| 2007 | 66.36 million SLC per square kilometre | +6.6% |
| 2008 | 70.85 million SLC per square kilometre | +6.8% |
| 2009 | 76.55 million SLC per square kilometre | +8.0% |
| 2010 | 83.97 million SLC per square kilometre | +9.7% |
| 2011 | 88.08 million SLC per square kilometre | +4.9% |
| 2012 | 91.84 million SLC per square kilometre | +4.3% |
| 2013 | 96.8 million SLC per square kilometre | +5.4% |
| 2014 | 102.91 million SLC per square kilometre | +6.3% |
| 2015 | 105.64 million SLC per square kilometre | +2.7% |
| 2016 | 103.93 million SLC per square kilometre | -1.6% |
| 2017 | 104.77 million SLC per square kilometre | +0.8% |
| 2018 | 106.78 million SLC per square kilometre | +1.9% |
| 2019 | 109.14 million SLC per square kilometre | +2.2% |
| 2020 | 107.18 million SLC per square kilometre | -1.8% |
| 2021 | 111.09 million SLC per square kilometre | +3.6% |
| 2022 | 114.7 million SLC per square kilometre | +3.3% |
| 2023 | 117.98 million SLC per square kilometre | +2.9% |
Nigeria compared with similar countries
- Nigeria's 117.98 million SLC per square kilometre is above the median for lower middle income countries, which is 9.71 million SLC per square kilometre, 12.2× the median. (44 countries reporting)
- Nigeria's 117.98 million SLC per square kilometre is above the median for Sub-Saharan Africa, which is 10.61 million SLC per square kilometre, 11.1× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.05 million SLC per square kilometre | 18.59 million SLC per square kilometre | 31.26 million SLC per square kilometre | 10 |
| 1980s | 27.43 million SLC per square kilometre | 24.54 million SLC per square kilometre | 30.17 million SLC per square kilometre | 10 |
| 1990s | 34.34 million SLC per square kilometre | 32.82 million SLC per square kilometre | 36.66 million SLC per square kilometre | 10 |
| 2000s | 56.67 million SLC per square kilometre | 38.5 million SLC per square kilometre | 76.55 million SLC per square kilometre | 10 |
| 2010s | 99.38 million SLC per square kilometre | 83.97 million SLC per square kilometre | 109.14 million SLC per square kilometre | 10 |
| 2020s | 112.74 million SLC per square kilometre | 107.18 million SLC per square kilometre | 117.98 million SLC per square kilometre | 4 |
Countries ranked near Nigeria
- 30 Myanmar 140.62 million SLC per square kilometre compare
- 31 Cote d'Ivoire 133.85 million SLC per square kilometre compare
- 32 Bermuda 132.28 million SLC per square kilometre compare
- 34 Dominican Republic 93.8 million SLC per square kilometre compare
- 35 Benin 93.49 million SLC per square kilometre compare
- 36 Togo 92.18 million SLC per square kilometre 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 — value standard local currency, 2015 prices in Nigeria?
- Gross domestic product — value standard local currency, 2015 prices in Nigeria was 117.98 million SLC per square kilometre in 2023, 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 117.98 million SLC per square kilometre in 2023.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Nigeria?
- The lowest recorded value was 18.59 million SLC per square kilometre in 1970.
- How does Nigeria rank for gross domestic product — value standard local currency, 2015 prices?
- Nigeria ranks 33rd out of 194 countries with data for 2023.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Nigeria?
- Over the last ten years it is up 21.9%. 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 — Value Standard Local Currency, 2015 prices, per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 Land area (sq. km), 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 ÷ Land area (sq. km)
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.