Gross National Income — Value Standard Local Currency, annual growth in Nigeria
Nigeria: Gross National Income — Value Standard Local Currency, annual growth was 15.67 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency, annual growth in Nigeria, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross national income — value standard local currency, annual growth in Nigeria is 15.67 % change on previous year, measured in 2023.
That represents a change of up 10.7% on the previous year and up 38.0% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in Nigeria peaked at 76.9 % change on previous year in 1995 and was at its lowest, 1.6 % change on previous year, in 1986.
That places Nigeria 43rd out of 231 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value Standard Local Currency, annual growth in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 15.78 % change on previous year | — |
| 1972 | 12.23 % change on previous year | -22.5% |
| 1973 | 14.89 % change on previous year | +21.8% |
| 1974 | 55.12 % change on previous year | +270.1% |
| 1975 | 26.14 % change on previous year | -52.6% |
| 1976 | 24.56 % change on previous year | -6.0% |
| 1977 | 19.28 % change on previous year | -21.5% |
| 1978 | 9.93 % change on previous year | -48.5% |
| 1979 | 14.95 % change on previous year | +50.6% |
| 1980 | 16.69 % change on previous year | +11.6% |
| 1981 | 4.62 % change on previous year | -72.3% |
| 1982 | 6.23 % change on previous year | +35.1% |
| 1983 | 7.02 % change on previous year | +12.6% |
| 1984 | 3.85 % change on previous year | -45.2% |
| 1985 | 12.95 % change on previous year | +236.4% |
| 1986 | 1.6 % change on previous year | -87.6% |
| 1987 | 17.31 % change on previous year | +982.0% |
| 1988 | 31.8 % change on previous year | +83.7% |
| 1989 | 32.64 % change on previous year | +2.6% |
| 1990 | 18.4 % change on previous year | -43.6% |
| 1991 | 20.63 % change on previous year | +12.1% |
| 1992 | 46.64 % change on previous year | +126.1% |
| 1993 | 40.69 % change on previous year | -12.8% |
| 1994 | 45.88 % change on previous year | +12.8% |
| 1995 | 76.9 % change on previous year | +67.6% |
| 1996 | 31.8 % change on previous year | -58.6% |
| 1997 | 8.14 % change on previous year | -74.4% |
| 1998 | 8.75 % change on previous year | +7.4% |
| 1999 | 12.96 % change on previous year | +48.1% |
| 2000 | 28.17 % change on previous year | +117.4% |
| 2001 | 17.44 % change on previous year | -38.1% |
| 2002 | 42.16 % change on previous year | +141.8% |
| 2003 | 18.53 % change on previous year | -56.0% |
| 2004 | 35.26 % change on previous year | +90.3% |
| 2005 | 27.37 % change on previous year | -22.4% |
| 2006 | 34.47 % change on previous year | +25.9% |
| 2007 | 7.89 % change on previous year | -77.1% |
| 2008 | 15 % change on previous year | +90.2% |
| 2009 | 7.3 % change on previous year | -51.3% |
| 2010 | 31.36 % change on previous year | +329.7% |
| 2011 | 14.54 % change on previous year | -53.6% |
| 2012 | 14.75 % change on previous year | +1.4% |
| 2013 | 11.36 % change on previous year | -23.0% |
| 2014 | 12.96 % change on previous year | +14.1% |
| 2015 | 6.82 % change on previous year | -47.4% |
| 2016 | 2.86 % change on previous year | -58.1% |
| 2017 | 11.1 % change on previous year | +288.4% |
| 2018 | 11.72 % change on previous year | +5.6% |
| 2019 | 13.79 % change on previous year | +17.6% |
| 2020 | 7.42 % change on previous year | -46.2% |
| 2021 | 13.16 % change on previous year | +77.4% |
| 2022 | 14.15 % change on previous year | +7.5% |
| 2023 | 15.67 % change on previous year | +10.7% |
Biggest year-on-year movements
Years where Gross National Income — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 1987 | +982.0% | 1.6 % change on previous year | 17.31 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.43 % change on previous year | 9.93 % change on previous year | 55.12 % change on previous year | 9 |
| 1980s | 13.47 % change on previous year | 1.6 % change on previous year | 32.64 % change on previous year | 10 |
| 1990s | 31.08 % change on previous year | 8.14 % change on previous year | 76.9 % change on previous year | 10 |
| 2000s | 23.36 % change on previous year | 7.3 % change on previous year | 42.16 % change on previous year | 10 |
| 2010s | 13.13 % change on previous year | 2.86 % change on previous year | 31.36 % change on previous year | 10 |
| 2020s | 12.6 % change on previous year | 7.42 % change on previous year | 15.67 % change on previous year | 4 |
Countries ranked near Nigeria
- 40 Kazakhstan 16.19 % change on previous year compare
- 41 San Marino 16.1 % change on previous year compare
- 42 Philippines 15.72 % change on previous year compare
- 44 Romania 15.48 % change on previous year compare
- 45 Cayman Islands 15.21 % change on previous year compare
- 46 Croatia 15.11 % change on previous year 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 national income — value standard local currency, annual growth in Nigeria?
- Gross national income — value standard local currency, annual growth in Nigeria was 15.67 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in Nigeria?
- The highest recorded value was 76.9 % change on previous year in 1995.
- What is the lowest gross national income — value standard local currency, annual growth recorded in Nigeria?
- The lowest recorded value was 1.6 % change on previous year in 1986.
- How does Nigeria rank for gross national income — value standard local currency, annual growth?
- Nigeria ranks 43rd out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in Nigeria?
- Over the last ten years it is up 38.0%. 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 National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.