Gross value added at basic prices (GVA) in Nigeria
Nigeria: Gross value added at basic prices (GVA) was 546.85 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
546.85 billion constant 2015 US$
Change on year
up 3.9%
World rank
20th
of 194 countries
All-time high
546.85 billion constant 2015 US$
in 2025
All-time low
113.39 billion constant 2015 US$
in 1984
Years of data
45
1981–2025
Gross value added at basic prices (GVA) in Nigeria, 1981–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Nigeria recorded 546.85 billion constant 2015 US$ for gross value added at basic prices (gva) in 2025. That is the highest value across all 45 years on record.
Compared with earlier readings it is up 3.9% on the previous year and up 12.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Nigeria peaked at 546.85 billion constant 2015 US$ in 2025 and was at its lowest, 113.39 billion constant 2015 US$, in 1984.
That places Nigeria 20th out of 194 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Nigeria, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1981 | 138.12 billion constant 2015 US$ | — |
| 1982 | 128.72 billion constant 2015 US$ | -6.8% |
| 1983 | 114.66 billion constant 2015 US$ | -10.9% |
| 1984 | 113.39 billion constant 2015 US$ | -1.1% |
| 1985 | 120.09 billion constant 2015 US$ | +5.9% |
| 1986 | 120.17 billion constant 2015 US$ | +0.1% |
| 1987 | 124.01 billion constant 2015 US$ | +3.2% |
| 1988 | 133.11 billion constant 2015 US$ | +7.3% |
| 1989 | 135.66 billion constant 2015 US$ | +1.9% |
| 1990 | 151.64 billion constant 2015 US$ | +11.8% |
| 1991 | 152.18 billion constant 2015 US$ | +0.4% |
| 1992 | 159.23 billion constant 2015 US$ | +4.6% |
| 1993 | 155.99 billion constant 2015 US$ | -2.0% |
| 1994 | 153.15 billion constant 2015 US$ | -1.8% |
| 1995 | 153.04 billion constant 2015 US$ | -0.1% |
| 1996 | 159.46 billion constant 2015 US$ | +4.2% |
| 1997 | 164.14 billion constant 2015 US$ | +2.9% |
| 1998 | 168.37 billion constant 2015 US$ | +2.6% |
| 1999 | 169.34 billion constant 2015 US$ | +0.6% |
| 2000 | 177.83 billion constant 2015 US$ | +5.0% |
| 2001 | 188.35 billion constant 2015 US$ | +5.9% |
| 2002 | 217.22 billion constant 2015 US$ | +15.3% |
| 2003 | 233.19 billion constant 2015 US$ | +7.3% |
| 2004 | 254.76 billion constant 2015 US$ | +9.2% |
| 2005 | 271.16 billion constant 2015 US$ | +6.4% |
| 2006 | 287.58 billion constant 2015 US$ | +6.1% |
| 2007 | 306.54 billion constant 2015 US$ | +6.6% |
| 2008 | 327.27 billion constant 2015 US$ | +6.8% |
| 2009 | 353.57 billion constant 2015 US$ | +8.0% |
| 2010 | 385.85 billion constant 2015 US$ | +9.1% |
| 2011 | 406.33 billion constant 2015 US$ | +5.3% |
| 2012 | 423.42 billion constant 2015 US$ | +4.2% |
| 2013 | 446.66 billion constant 2015 US$ | +5.5% |
| 2014 | 474.46 billion constant 2015 US$ | +6.2% |
| 2015 | 487.68 billion constant 2015 US$ | +2.8% |
| 2016 | 479.96 billion constant 2015 US$ | -1.6% |
| 2017 | 483.91 billion constant 2015 US$ | +0.8% |
| 2018 | 493.16 billion constant 2015 US$ | +1.9% |
| 2019 | 504.38 billion constant 2015 US$ | +2.3% |
| 2020 | 469.30 billion constant 2015 US$ | -7.0% |
| 2021 | 473.74 billion constant 2015 US$ | +0.9% |
| 2022 | 494.20 billion constant 2015 US$ | +4.3% |
| 2023 | 509.24 billion constant 2015 US$ | +3.0% |
| 2024 | 526.46 billion constant 2015 US$ | +3.4% |
| 2025 | 546.85 billion constant 2015 US$ | +3.9% |
Nigeria compared with similar countries
- Nigeria's 546.85 billion constant 2015 US$ is above the median for lower middle income countries, which is 25.04 billion constant 2015 US$, 21.8× the median. (46 countries reporting)
- Nigeria's 546.85 billion constant 2015 US$ is above the median for Sub-Saharan Africa, which is 16.24 billion constant 2015 US$, 33.7× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 125.33 billion constant 2015 US$ | 113.39 billion constant 2015 US$ | 138.12 billion constant 2015 US$ | 9 |
| 1990s | 158.65 billion constant 2015 US$ | 151.64 billion constant 2015 US$ | 169.34 billion constant 2015 US$ | 10 |
| 2000s | 261.75 billion constant 2015 US$ | 177.83 billion constant 2015 US$ | 353.57 billion constant 2015 US$ | 10 |
| 2010s | 458.58 billion constant 2015 US$ | 385.85 billion constant 2015 US$ | 504.38 billion constant 2015 US$ | 10 |
| 2020s | 503.30 billion constant 2015 US$ | 469.30 billion constant 2015 US$ | 546.85 billion constant 2015 US$ | 6 |
Countries ranked near Nigeria
- 17 Netherlands 848.45 billion constant 2015 US$ compare
- 18 Switzerland 826.32 billion constant 2015 US$ compare
- 19 Poland 599.73 billion constant 2015 US$ compare
- 21 Ireland 544.74 billion constant 2015 US$ compare
- 22 Sweden 520.16 billion constant 2015 US$ compare
- 23 Argentina 504.23 billion constant 2015 US$ 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Nigeria?
- Gross value added at basic prices (gva) in Nigeria was 546.85 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Nigeria?
- The highest recorded value was 546.85 billion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Nigeria?
- The lowest recorded value was 113.39 billion constant 2015 US$ in 1984.
- How does Nigeria rank for gross value added at basic prices (gva)?
- Nigeria ranks 20th out of 194 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Nigeria?
- Over the last ten years it is up 12.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.