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

Latest (2024)
577,512 million USD
Change on year
up 3.4%
World rank
24th
of 203 countries
All-time high
577,512 million USD
in 2024
All-time low
87,999 million USD
in 1970
Years of data
55
1970–2024

Gross Domestic Product — Value US$, 2015 prices in Nigeria, 1970–2024

100.0k200.0k300.0k400.0k500.0k600.0k197019972024

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

Annual values for Gross Domestic Product — Value US$, 2015 prices in Nigeria, 1970 to 2024.
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

DecadeAverage LowestHighest 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

  1. 21 Poland 656,687 million USD compare
  2. 22 Argentina 627,647 million USD compare
  3. 23 Sweden 579,305 million USD compare
  4. 25 Belgium 532,636 million USD compare
  5. 26 Ireland 492,371 million USD compare
  6. 27 Thailand 470,017 million USD compare

See the full ranking of 252 places →

More economy & growth data for Nigeria

All data for Nigeria →

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.

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Gross Domestic Product — Value US$, 2015 prices in Nigeria. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 29 August 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-us-2015-prices/nigeria/

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About this data

Indicator
Gross Domestic Product — Value US$, 2015 prices
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
252 places, 12,899 data points, 1970–2024
Last refreshed

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).