Gross Domestic Product — Value US$, 2015 prices in Nigeria
Nigeria: Gross Domestic Product — Value US$, 2015 prices was 577,512 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Nigeria, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Nigeria is 577,512 million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.4% on the previous year and up 18.6% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Nigeria peaked at 577,512 million USD in 2024 and was at its lowest, 87,999 million USD, in 1970.
Nigeria ranks 24th of 203 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Nigeria, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 87,999 million USD | — |
| 1971 | 100,528 million USD | +14.2% |
| 1972 | 107,751 million USD | +7.2% |
| 1973 | 114,331 million USD | +6.1% |
| 1974 | 126,685 million USD | +10.8% |
| 1975 | 127,568 million USD | +0.7% |
| 1976 | 136,630 million USD | +7.1% |
| 1977 | 147,927 million USD | +8.3% |
| 1978 | 143,639 million USD | -2.9% |
| 1979 | 139,680 million USD | -2.8% |
| 1980 | 142,777 million USD | +2.2% |
| 1981 | 141,490 million USD | -0.9% |
| 1982 | 131,864 million USD | -6.8% |
| 1983 | 117,459 million USD | -10.9% |
| 1984 | 116,149 million USD | -1.1% |
| 1985 | 123,017 million USD | +5.9% |
| 1986 | 123,091 million USD | +0.1% |
| 1987 | 127,031 million USD | +3.2% |
| 1988 | 136,347 million USD | +7.3% |
| 1989 | 138,964 million USD | +1.9% |
| 1990 | 155,330 million USD | +11.8% |
| 1991 | 155,886 million USD | +0.4% |
| 1992 | 163,106 million USD | +4.6% |
| 1993 | 159,786 million USD | -2.0% |
| 1994 | 156,886 million USD | -1.8% |
| 1995 | 156,772 million USD | -0.1% |
| 1996 | 163,350 million USD | +4.2% |
| 1997 | 168,148 million USD | +2.9% |
| 1998 | 172,488 million USD | +2.6% |
| 1999 | 173,496 million USD | +0.6% |
| 2000 | 182,198 million USD | +5.0% |
| 2001 | 192,980 million USD | +5.9% |
| 2002 | 222,563 million USD | +15.3% |
| 2003 | 238,915 million USD | +7.3% |
| 2004 | 261,016 million USD | +9.3% |
| 2005 | 277,821 million USD | +6.4% |
| 2006 | 294,656 million USD | +6.1% |
| 2007 | 314,077 million USD | +6.6% |
| 2008 | 335,323 million USD | +6.8% |
| 2009 | 362,272 million USD | +8.0% |
| 2010 | 397,415 million USD | +9.7% |
| 2011 | 416,838 million USD | +4.9% |
| 2012 | 434,676 million USD | +4.3% |
| 2013 | 458,124 million USD | +5.4% |
| 2014 | 487,031 million USD | +6.3% |
| 2015 | 499,950 million USD | +2.7% |
| 2016 | 491,866 million USD | -1.6% |
| 2017 | 495,830 million USD | +0.8% |
| 2018 | 505,363 million USD | +1.9% |
| 2019 | 516,524 million USD | +2.2% |
| 2020 | 507,256 million USD | -1.8% |
| 2021 | 525,757 million USD | +3.6% |
| 2022 | 542,853 million USD | +3.3% |
| 2023 | 558,380 million USD | +2.9% |
| 2024 | 577,512 million USD | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 123,274 million USD | 87,999 million USD | 147,927 million USD | 10 |
| 1980s | 129,819 million USD | 116,149 million USD | 142,777 million USD | 10 |
| 1990s | 162,525 million USD | 155,330 million USD | 173,496 million USD | 10 |
| 2000s | 268,182 million USD | 182,198 million USD | 362,272 million USD | 10 |
| 2010s | 470,362 million USD | 397,415 million USD | 516,524 million USD | 10 |
| 2020s | 542,352 million USD | 507,256 million USD | 577,512 million USD | 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 18.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,483 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.82 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.88 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 2,302 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 761.88 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Nigeria?
- Gross domestic product — value us$, 2015 prices in Nigeria was 577,512 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Nigeria?
- The highest recorded value was 577,512 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Nigeria?
- The lowest recorded value was 87,999 million USD in 1970.
- How does Nigeria rank for gross domestic product — value us$, 2015 prices?
- Nigeria ranks 24th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Nigeria?
- Over the last ten years it is up 18.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).