Gross Domestic Product — Value Standard Local Currency, per capita in Nigeria
Nigeria: Gross Domestic Product — Value Standard Local Currency, per capita was 1.19 million SLC per person in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, per capita in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
Nigeria recorded 1.19 million SLC per person for gross domestic product — value standard local currency, per capita in 2024. That is the highest value across all 55 years on record.
That represents a change of up 15.9% on the previous year and up 143.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, per capita in Nigeria peaked at 1.19 million SLC per person in 2024 and was at its lowest, 0.0004 million SLC per person, in 1970.
Nigeria ranks 39th of 192 countries on this measure, 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, per capita in Nigeria, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0004 million SLC per person | — |
| 1971 | 0.0004 million SLC per person | +13.1% |
| 1972 | 0.0005 million SLC per person | +9.6% |
| 1973 | 0.0005 million SLC per person | +12.1% |
| 1974 | 0.0008 million SLC per person | +51.1% |
| 1975 | 0.001 million SLC per person | +20.8% |
| 1976 | 0.0011 million SLC per person | +20.7% |
| 1977 | 0.0013 million SLC per person | +16.2% |
| 1978 | 0.0014 million SLC per person | +6.6% |
| 1979 | 0.0016 million SLC per person | +11.6% |
| 1980 | 0.0018 million SLC per person | +13.8% |
| 1981 | 0.0018 million SLC per person | +1.3% |
| 1982 | 0.0019 million SLC per person | +3.8% |
| 1983 | 0.002 million SLC per person | +3.8% |
| 1984 | 0.002 million SLC per person | +1.8% |
| 1985 | 0.0022 million SLC per person | +10.1% |
| 1986 | 0.0023 million SLC per person | +2.7% |
| 1987 | 0.0027 million SLC per person | +20.3% |
| 1988 | 0.0034 million SLC per person | +25.6% |
| 1989 | 0.0044 million SLC per person | +28.0% |
| 1990 | 0.0051 million SLC per person | +16.1% |
| 1991 | 0.0059 million SLC per person | +16.2% |
| 1992 | 0.0089 million SLC per person | +49.6% |
| 1993 | 0.012 million SLC per person | +35.1% |
| 1994 | 0.0164 million SLC per person | +37.0% |
| 1995 | 0.028 million SLC per person | +70.7% |
| 1996 | 0.0359 million SLC per person | +28.4% |
| 1997 | 0.0378 million SLC per person | +5.4% |
| 1998 | 0.0401 million SLC per person | +5.9% |
| 1999 | 0.0446 million SLC per person | +11.1% |
| 2000 | 0.0559 million SLC per person | +25.4% |
| 2001 | 0.0634 million SLC per person | +13.5% |
| 2002 | 0.0862 million SLC per person | +35.9% |
| 2003 | 0.0988 million SLC per person | +14.7% |
| 2004 | 0.1285 million SLC per person | +30.0% |
| 2005 | 0.1594 million SLC per person | +24.1% |
| 2006 | 0.2038 million SLC per person | +27.8% |
| 2007 | 0.2262 million SLC per person | +11.0% |
| 2008 | 0.2535 million SLC per person | +12.1% |
| 2009 | 0.2682 million SLC per person | +5.8% |
| 2010 | 0.338 million SLC per person | +26.0% |
| 2011 | 0.376 million SLC per person | +11.3% |
| 2012 | 0.4171 million SLC per person | +10.9% |
| 2013 | 0.4525 million SLC per person | +8.5% |
| 2014 | 0.4908 million SLC per person | +8.5% |
| 2015 | 0.5046 million SLC per person | +2.8% |
| 2016 | 0.5248 million SLC per person | +4.0% |
| 2017 | 0.5738 million SLC per person | +9.3% |
| 2018 | 0.6299 million SLC per person | +9.8% |
| 2019 | 0.6952 million SLC per person | +10.4% |
| 2020 | 0.7208 million SLC per person | +3.7% |
| 2021 | 0.8057 million SLC per person | +11.8% |
| 2022 | 0.9069 million SLC per person | +12.5% |
| 2023 | 1.03 million SLC per person | +13.4% |
| 2024 | 1.19 million SLC per person | +15.9% |
Nigeria compared with similar countries
- Nigeria's 1.19 million SLC per person is above the median for lower middle income countries, which is 0.2834 million SLC per person, 4.2× the median. (43 countries reporting)
- Nigeria's 1.19 million SLC per person is above the median for Sub-Saharan Africa, which is 0.5688 million SLC per person, 2.1× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, per capita 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 |
|---|---|---|---|
| 1995 | +70.7% | 0.0164 million SLC per person | 0.028 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0009 million SLC per person | 0.0004 million SLC per person | 0.0016 million SLC per person | 10 |
| 1980s | 0.0025 million SLC per person | 0.0018 million SLC per person | 0.0044 million SLC per person | 10 |
| 1990s | 0.0235 million SLC per person | 0.0051 million SLC per person | 0.0446 million SLC per person | 10 |
| 2000s | 0.1544 million SLC per person | 0.0559 million SLC per person | 0.2682 million SLC per person | 10 |
| 2010s | 0.5003 million SLC per person | 0.338 million SLC per person | 0.6952 million SLC per person | 10 |
| 2020s | 0.9309 million SLC per person | 0.7208 million SLC per person | 1.19 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, per capita in Nigeria?
- Gross domestic product — value standard local currency, per capita in Nigeria was 1.19 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, per capita recorded in Nigeria?
- The highest recorded value was 1.19 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, per capita recorded in Nigeria?
- The lowest recorded value was 0.0004 million SLC per person in 1970.
- How does Nigeria rank for gross domestic product — value standard local currency, per capita?
- Nigeria ranks 39th out of 192 countries with data for 2024.
- Is gross domestic product — value standard local currency, per capita rising or falling in Nigeria?
- Over the last ten years it is up 143.0%. 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, 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 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 ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency 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 divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.