Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nigeria
Nigeria: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.0004 million SLC per US$ of GDP in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
Nigeria recorded 0.0004 million SLC per US$ of GDP for gross domestic product — value standard local currency, 2015 prices in 2024.
That represents a change of up 99.8% on the previous year and up 169.9% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Nigeria peaked at 0.0021 million SLC per US$ of GDP in 1971 and was at its lowest, 0.0001 million SLC per US$ of GDP, in 2019.
That places Nigeria 31st out of 193 countries with data for 2024, 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 US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0013 million SLC per US$ of GDP | — |
| 1971 | 0.0021 million SLC per US$ of GDP | +56.1% |
| 1972 | 0.0017 million SLC per US$ of GDP | -19.8% |
| 1973 | 0.0015 million SLC per US$ of GDP | -14.1% |
| 1974 | 0.001 million SLC per US$ of GDP | -32.4% |
| 1975 | 0.0009 million SLC per US$ of GDP | -9.9% |
| 1976 | 0.0007 million SLC per US$ of GDP | -18.1% |
| 1977 | 0.0008 million SLC per US$ of GDP | +9.1% |
| 1978 | 0.0008 million SLC per US$ of GDP | -4.2% |
| 1979 | 0.0006 million SLC per US$ of GDP | -24.8% |
| 1980 | 0.0004 million SLC per US$ of GDP | -24.8% |
| 1981 | 0.0002 million SLC per US$ of GDP | -61.3% |
| 1982 | 0.0002 million SLC per US$ of GDP | +7.4% |
| 1983 | 0.0002 million SLC per US$ of GDP | +31.0% |
| 1984 | 0.0003 million SLC per US$ of GDP | +30.7% |
| 1985 | 0.0003 million SLC per US$ of GDP | +5.5% |
| 1986 | 0.0004 million SLC per US$ of GDP | +34.6% |
| 1987 | 0.0005 million SLC per US$ of GDP | +7.4% |
| 1988 | 0.0005 million SLC per US$ of GDP | +13.9% |
| 1989 | 0.0006 million SLC per US$ of GDP | +15.0% |
| 1990 | 0.0006 million SLC per US$ of GDP | -9.0% |
| 1991 | 0.0005 million SLC per US$ of GDP | -8.9% |
| 1992 | 0.0006 million SLC per US$ of GDP | +19.6% |
| 1993 | 0.0005 million SLC per US$ of GDP | -10.1% |
| 1994 | 0.0004 million SLC per US$ of GDP | -30.7% |
| 1995 | 0.0002 million SLC per US$ of GDP | -43.0% |
| 1996 | 0.0002 million SLC per US$ of GDP | -20.9% |
| 1997 | 0.0002 million SLC per US$ of GDP | -4.8% |
| 1998 | 0.0002 million SLC per US$ of GDP | -5.7% |
| 1999 | 0.0006 million SLC per US$ of GDP | +271.4% |
| 2000 | 0.0005 million SLC per US$ of GDP | -10.2% |
| 2001 | 0.0005 million SLC per US$ of GDP | -0.4% |
| 2002 | 0.0005 million SLC per US$ of GDP | -10.8% |
| 2003 | 0.0004 million SLC per US$ of GDP | -2.6% |
| 2004 | 0.0004 million SLC per US$ of GDP | -15.7% |
| 2005 | 0.0003 million SLC per US$ of GDP | -17.7% |
| 2006 | 0.0002 million SLC per US$ of GDP | -21.9% |
| 2007 | 0.0002 million SLC per US$ of GDP | -8.7% |
| 2008 | 0.0002 million SLC per US$ of GDP | -12.5% |
| 2009 | 0.0002 million SLC per US$ of GDP | +24.3% |
| 2010 | 0.0002 million SLC per US$ of GDP | -11.8% |
| 2011 | 0.0002 million SLC per US$ of GDP | -7.1% |
| 2012 | 0.0002 million SLC per US$ of GDP | -6.8% |
| 2013 | 0.0002 million SLC per US$ of GDP | -6.0% |
| 2014 | 0.0002 million SLC per US$ of GDP | -3.7% |
| 2015 | 0.0002 million SLC per US$ of GDP | +19.6% |
| 2016 | 0.0002 million SLC per US$ of GDP | +19.9% |
| 2017 | 0.0003 million SLC per US$ of GDP | +8.6% |
| 2018 | 0.0002 million SLC per US$ of GDP | -9.2% |
| 2019 | 0.0001 million SLC per US$ of GDP | -35.5% |
| 2020 | 0.0002 million SLC per US$ of GDP | +9.6% |
| 2021 | 0.0002 million SLC per US$ of GDP | +1.9% |
| 2022 | 0.0002 million SLC per US$ of GDP | -2.8% |
| 2023 | 0.0002 million SLC per US$ of GDP | +36.5% |
| 2024 | 0.0004 million SLC per US$ of GDP | +99.8% |
Nigeria compared with similar countries
- Nigeria's 0.0004 million SLC per US$ of GDP is above the median for lower middle income countries, which is 0.0001 million SLC per US$ of GDP, 7.7× the median. (44 countries reporting)
- Nigeria's 0.0004 million SLC per US$ of GDP is above the median for Sub-Saharan Africa, which is 0.0004 million SLC per US$ of GDP, 1.1× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, 2015 prices 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 | +271.4% | 0.0002 million SLC per US$ of GDP | 0.0006 million SLC per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0011 million SLC per US$ of GDP | 0.0006 million SLC per US$ of GDP | 0.0021 million SLC per US$ of GDP | 10 |
| 1980s | 0.0004 million SLC per US$ of GDP | 0.0002 million SLC per US$ of GDP | 0.0006 million SLC per US$ of GDP | 10 |
| 1990s | 0.0004 million SLC per US$ of GDP | 0.0002 million SLC per US$ of GDP | 0.0006 million SLC per US$ of GDP | 10 |
| 2000s | 0.0003 million SLC per US$ of GDP | 0.0002 million SLC per US$ of GDP | 0.0005 million SLC per US$ of GDP | 10 |
| 2010s | 0.0002 million SLC per US$ of GDP | 0.0001 million SLC per US$ of GDP | 0.0003 million SLC per US$ of GDP | 10 |
| 2020s | 0.0002 million SLC per US$ of GDP | 0.0002 million SLC per US$ of GDP | 0.0004 million SLC per US$ of GDP | 5 |
Countries ranked near Nigeria
- 28 Gabon 0.0005 million SLC per US$ of GDP compare
- 29 Burkina Faso 0.0005 million SLC per US$ of GDP compare
- 30 Central African Republic 0.0004 million SLC per US$ of GDP compare
- 32 Guinea-Bissau 0.0004 million SLC per US$ of GDP compare
- 33 Equatorial Guinea 0.0004 million SLC per US$ of GDP compare
- 34 Costa Rica 0.0004 million SLC 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Nigeria?
- Gross domestic product — value standard local currency, 2015 prices in Nigeria was 0.0004 million SLC per US$ of GDP 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 0.0021 million SLC per US$ of GDP in 1971.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Nigeria?
- The lowest recorded value was 0.0001 million SLC per US$ of GDP in 2019.
- How does Nigeria rank for gross domestic product — value standard local currency, 2015 prices?
- Nigeria ranks 31st out of 193 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 up 169.9%. 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 unit of GDP. 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ GDP (current US$)
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- 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 — Value Standard Local Currency, 2015 prices divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.