Gross National Income — Value US$ in Nigeria
Nigeria: Gross National Income — Value US$ was 344,074 million USD in 2023. ◆ Volatile
Gross National Income — Value US$ in Nigeria, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, gross national income — value us$ in Nigeria stood at 344,074 million USD.
Compared with earlier readings it is down 21.2% on the previous year and down 29.2% over ten years.
Over the whole period, gross national income — value us$ in Nigeria peaked at 544,708 million USD in 2014 and was at its lowest, 28,741 million USD, in 1970.
Nigeria ranks 39th 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 National Income — Value US$ in Nigeria, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 28,741 million USD | — |
| 1971 | 33,343 million USD | +16.0% |
| 1972 | 40,547 million USD | +21.6% |
| 1973 | 46,586 million USD | +14.9% |
| 1974 | 75,433 million USD | +61.9% |
| 1975 | 97,434 million USD | +29.2% |
| 1976 | 119,215 million USD | +22.4% |
| 1977 | 138,212 million USD | +15.9% |
| 1978 | 154,193 million USD | +11.6% |
| 1979 | 186,423 million USD | +20.9% |
| 1980 | 240,304 million USD | +28.9% |
| 1981 | 222,528 million USD | -7.4% |
| 1982 | 216,831 million USD | -2.6% |
| 1983 | 215,727 million USD | -0.5% |
| 1984 | 211,721 million USD | -1.9% |
| 1985 | 205,089 million USD | -3.1% |
| 1986 | 106,146 million USD | -48.2% |
| 1987 | 54,399 million USD | -48.8% |
| 1988 | 63,465 million USD | +16.7% |
| 1989 | 51,856 million USD | -18.3% |
| 1990 | 56,255 million USD | +8.5% |
| 1991 | 55,047 million USD | -2.1% |
| 1992 | 46,241 million USD | -16.0% |
| 1993 | 51,000 million USD | +10.3% |
| 1994 | 45,943 million USD | -9.9% |
| 1995 | 47,306 million USD | +3.0% |
| 1996 | 50,194 million USD | +6.1% |
| 1997 | 52,559 million USD | +4.7% |
| 1998 | 54,522 million USD | +3.7% |
| 1999 | 55,062 million USD | +1.0% |
| 2000 | 64,076 million USD | +16.4% |
| 2001 | 68,798 million USD | +7.4% |
| 2002 | 90,222 million USD | +31.1% |
| 2003 | 99,784 million USD | +10.6% |
| 2004 | 131,241 million USD | +31.5% |
| 2005 | 169,219 million USD | +28.9% |
| 2006 | 232,194 million USD | +37.2% |
| 2007 | 256,169 million USD | +10.3% |
| 2008 | 312,591 million USD | +22.0% |
| 2009 | 267,114 million USD | -14.5% |
| 2010 | 347,583 million USD | +30.1% |
| 2011 | 388,900 million USD | +11.9% |
| 2012 | 435,950 million USD | +12.1% |
| 2013 | 486,034 million USD | +11.5% |
| 2014 | 544,708 million USD | +12.1% |
| 2015 | 479,398 million USD | -12.0% |
| 2016 | 374,342 million USD | -21.9% |
| 2017 | 344,772 million USD | -7.9% |
| 2018 | 384,820 million USD | +11.6% |
| 2019 | 436,673 million USD | +13.5% |
| 2020 | 401,228 million USD | -8.1% |
| 2021 | 406,113 million USD | +1.2% |
| 2022 | 436,564 million USD | +7.5% |
| 2023 | 344,074 million USD | -21.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 92,013 million USD | 28,741 million USD | 186,423 million USD | 10 |
| 1980s | 158,807 million USD | 51,856 million USD | 240,304 million USD | 10 |
| 1990s | 51,413 million USD | 45,943 million USD | 56,255 million USD | 10 |
| 2000s | 169,141 million USD | 64,076 million USD | 312,591 million USD | 10 |
| 2010s | 422,318 million USD | 344,772 million USD | 544,708 million USD | 10 |
| 2020s | 396,995 million USD | 344,074 million USD | 436,564 million USD | 4 |
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)
- Net primary income (Net income from abroad) (current LCU), annual -65.3 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 22.87 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0235 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 28.71 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 26.23 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 35.61 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 43,596 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0005 (2025)
Frequently asked questions
- What is gross national income — value us$ in Nigeria?
- Gross national income — value us$ in Nigeria was 344,074 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value us$ recorded in Nigeria?
- The highest recorded value was 544,708 million USD in 2014.
- What is the lowest gross national income — value us$ recorded in Nigeria?
- The lowest recorded value was 28,741 million USD in 1970.
- How does Nigeria rank for gross national income — value us$?
- Nigeria ranks 39th out of 203 countries with data for 2023.
- Is gross national income — value us$ rising or falling in Nigeria?
- Over the last ten years it is down 29.2%. 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 National Income — Value US$. Statizoid updates them automatically from the source API.
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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).