Gross Domestic Product — Value Standard Local Currency, per unit of in Nigeria
Nigeria: Gross Domestic Product — Value Standard Local Currency, per unit of was 0.0011 million SLC per US$ of GDP in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, per unit of in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
The most recent figure for gross domestic product — value standard local currency, per unit of in Nigeria is 0.0011 million SLC per US$ of GDP, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 128.7% on the previous year and up 592.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, per unit of in Nigeria peaked at 0.0011 million SLC per US$ of GDP in 2024 and was at its lowest, 0 million SLC per US$ of GDP, in 1981.
That places Nigeria 21st out of 191 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, per unit of in Nigeria, year by year
| Year | million SLC per US$ of GDP | Change |
|---|---|---|
| 1970 | 0 million SLC per US$ of GDP | — |
| 1971 | 0 million SLC per US$ of GDP | +58.2% |
| 1972 | 0 million SLC per US$ of GDP | -16.0% |
| 1973 | 0 million SLC per US$ of GDP | -7.0% |
| 1974 | 0 million SLC per US$ of GDP | -5.3% |
| 1975 | 0 million SLC per US$ of GDP | +11.1% |
| 1976 | 0 million SLC per US$ of GDP | -5.0% |
| 1977 | 0 million SLC per US$ of GDP | +20.6% |
| 1978 | 0 million SLC per US$ of GDP | +8.5% |
| 1979 | 0 million SLC per US$ of GDP | -11.1% |
| 1980 | 0 million SLC per US$ of GDP | -13.6% |
| 1981 | 0 million SLC per US$ of GDP | -59.2% |
| 1982 | 0 million SLC per US$ of GDP | +23.3% |
| 1983 | 0 million SLC per US$ of GDP | +56.6% |
| 1984 | 0 million SLC per US$ of GDP | +38.0% |
| 1985 | 0 million SLC per US$ of GDP | +12.8% |
| 1986 | 0 million SLC per US$ of GDP | +41.9% |
| 1987 | 0 million SLC per US$ of GDP | +28.5% |
| 1988 | 0 million SLC per US$ of GDP | +36.9% |
| 1989 | 0 million SLC per US$ of GDP | +48.3% |
| 1990 | 0 million SLC per US$ of GDP | -2.9% |
| 1991 | 0 million SLC per US$ of GDP | +8.3% |
| 1992 | 0 million SLC per US$ of GDP | +75.6% |
| 1993 | 0 million SLC per US$ of GDP | +27.3% |
| 1994 | 0 million SLC per US$ of GDP | -0.7% |
| 1995 | 0 million SLC per US$ of GDP | +0.0% |
| 1996 | 0 million SLC per US$ of GDP | +0.0% |
| 1997 | 0 million SLC per US$ of GDP | -0.0% |
| 1998 | 0 million SLC per US$ of GDP | +0.0% |
| 1999 | 0.0001 million SLC per US$ of GDP | +321.3% |
| 2000 | 0.0001 million SLC per US$ of GDP | +10.2% |
| 2001 | 0.0001 million SLC per US$ of GDP | +9.6% |
| 2002 | 0.0001 million SLC per US$ of GDP | +8.1% |
| 2003 | 0.0001 million SLC per US$ of GDP | +7.0% |
| 2004 | 0.0001 million SLC per US$ of GDP | +3.1% |
| 2005 | 0.0001 million SLC per US$ of GDP | -1.4% |
| 2006 | 0.0001 million SLC per US$ of GDP | -3.2% |
| 2007 | 0.0001 million SLC per US$ of GDP | -2.2% |
| 2008 | 0.0001 million SLC per US$ of GDP | -5.6% |
| 2009 | 0.0001 million SLC per US$ of GDP | +25.2% |
| 2010 | 0.0002 million SLC per US$ of GDP | +4.2% |
| 2011 | 0.0002 million SLC per US$ of GDP | +1.3% |
| 2012 | 0.0002 million SLC per US$ of GDP | +1.9% |
| 2013 | 0.0002 million SLC per US$ of GDP | -0.5% |
| 2014 | 0.0002 million SLC per US$ of GDP | +0.9% |
| 2015 | 0.0002 million SLC per US$ of GDP | +22.8% |
| 2016 | 0.0003 million SLC per US$ of GDP | +29.9% |
| 2017 | 0.0003 million SLC per US$ of GDP | +20.6% |
| 2018 | 0.0003 million SLC per US$ of GDP | +0.1% |
| 2019 | 0.0002 million SLC per US$ of GDP | -28.8% |
| 2020 | 0.0003 million SLC per US$ of GDP | +18.2% |
| 2021 | 0.0003 million SLC per US$ of GDP | +12.2% |
| 2022 | 0.0003 million SLC per US$ of GDP | +8.2% |
| 2023 | 0.0005 million SLC per US$ of GDP | +53.8% |
| 2024 | 0.0011 million SLC per US$ of GDP | +128.7% |
Nigeria compared with similar countries
- Nigeria's 0.0011 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, 10.4× the median. (43 countries reporting)
- Nigeria's 0.0011 million SLC per US$ of GDP is above the median for Sub-Saharan Africa, which is 0.0005 million SLC per US$ of GDP, 2.1× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, per unit of 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 | +321.3% | 0 million SLC per US$ of GDP | 0.0001 million SLC per US$ of GDP |
| 2024 | +128.7% | 0.0005 million SLC per US$ of GDP | 0.0011 million SLC per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 1980s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 1990s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0.0001 million SLC per US$ of GDP | 10 |
| 2000s | 0.0001 million SLC per US$ of GDP | 0.0001 million SLC per US$ of GDP | 0.0001 million SLC per US$ of GDP | 10 |
| 2010s | 0.0002 million SLC per US$ of GDP | 0.0002 million SLC per US$ of GDP | 0.0003 million SLC per US$ of GDP | 10 |
| 2020s | 0.0005 million SLC per US$ of GDP | 0.0003 million SLC per US$ of GDP | 0.0011 million SLC per US$ of GDP | 5 |
Countries ranked near Nigeria
- 18 Malawi 0.0017 million SLC per US$ of GDP compare
- 19 Rwanda 0.0012 million SLC per US$ of GDP compare
- 20 Iraq 0.0011 million SLC per US$ of GDP compare
- 22 Chile 0.0009 million SLC per US$ of GDP compare
- 23 Argentina 0.0009 million SLC per US$ of GDP compare
- 24 Angola 0.0008 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, per unit of in Nigeria?
- Gross domestic product — value standard local currency, per unit of in Nigeria was 0.0011 million SLC per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, per unit of recorded in Nigeria?
- The highest recorded value was 0.0011 million SLC per US$ of GDP in 2024.
- What is the lowest gross domestic product — value standard local currency, per unit of recorded in Nigeria?
- The lowest recorded value was 0 million SLC per US$ of GDP in 1981.
- How does Nigeria rank for gross domestic product — value standard local currency, per unit of?
- Nigeria ranks 21st out of 191 countries with data for 2024.
- Is gross domestic product — value standard local currency, per unit of rising or falling in Nigeria?
- Over the last ten years it is up 592.3%. 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 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 divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency ÷ GDP (current US$)
Computed from
- Gross Domestic Product — Value Standard Local Currency 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 divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.