Gross value added at basic prices (GVA) (current LCU) in Nigeria
Nigeria: Gross value added at basic prices (GVA) (current LCU) was 431.18 trillion current LCU in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Nigeria, 1981–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Nigeria recorded 431.18 trillion current LCU for gross value added at basic prices (gva) in 2025. That is the highest value across all 45 years on record.
That represents a change of up 18.3% on the previous year and up 358.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in Nigeria peaked at 431.18 trillion current LCU in 2025 and was at its lowest, 137.93 billion current LCU, in 1981.
That places Nigeria 10th out of 207 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) (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1981 | 137.93 billion current LCU | — |
| 1982 | 147.57 billion current LCU | +7.0% |
| 1983 | 157.18 billion current LCU | +6.5% |
| 1984 | 164.21 billion current LCU | +4.5% |
| 1985 | 185.98 billion current LCU | +13.3% |
| 1986 | 196.17 billion current LCU | +5.5% |
| 1987 | 242.26 billion current LCU | +23.5% |
| 1988 | 312.50 billion current LCU | +29.0% |
| 1989 | 410.77 billion current LCU | +31.4% |
| 1990 | 489.77 billion current LCU | +19.2% |
| 1991 | 584.25 billion current LCU | +19.3% |
| 1992 | 897.12 billion current LCU | +53.6% |
| 1993 | 1.24 trillion current LCU | +38.8% |
| 1994 | 1.75 trillion current LCU | +40.7% |
| 1995 | 3.07 trillion current LCU | +75.3% |
| 1996 | 4.05 trillion current LCU | +31.8% |
| 1997 | 4.37 trillion current LCU | +8.1% |
| 1998 | 4.76 trillion current LCU | +8.7% |
| 1999 | 5.43 trillion current LCU | +14.1% |
| 2000 | 6.99 trillion current LCU | +28.8% |
| 2001 | 8.15 trillion current LCU | +16.6% |
| 2002 | 11.38 trillion current LCU | +39.7% |
| 2003 | 13.42 trillion current LCU | +17.9% |
| 2004 | 17.94 trillion current LCU | +33.7% |
| 2005 | 22.88 trillion current LCU | +27.6% |
| 2006 | 30.06 trillion current LCU | +31.4% |
| 2007 | 34.32 trillion current LCU | +14.2% |
| 2008 | 39.54 trillion current LCU | +15.2% |
| 2009 | 43.01 trillion current LCU | +8.8% |
| 2010 | 54.61 trillion current LCU | +27.0% |
| 2011 | 62.98 trillion current LCU | +15.3% |
| 2012 | 71.71 trillion current LCU | +13.9% |
| 2013 | 80.09 trillion current LCU | +11.7% |
| 2014 | 89.04 trillion current LCU | +11.2% |
| 2015 | 94.14 trillion current LCU | +5.7% |
| 2016 | 101.49 trillion current LCU | +7.8% |
| 2017 | 113.71 trillion current LCU | +12.0% |
| 2018 | 127.74 trillion current LCU | +12.3% |
| 2019 | 204.34 trillion current LCU | +60.0% |
| 2020 | 211.71 trillion current LCU | +3.6% |
| 2021 | 240.75 trillion current LCU | +13.7% |
| 2022 | 271.20 trillion current LCU | +12.6% |
| 2023 | 309.51 trillion current LCU | +14.1% |
| 2024 | 364.62 trillion current LCU | +17.8% |
| 2025 | 431.18 trillion current LCU | +18.3% |
Nigeria compared with similar countries
- Nigeria's 431.18 trillion current LCU is above the median for lower middle income countries, which is 1.54 trillion current LCU, 279.6× the median. (47 countries reporting)
- Nigeria's 431.18 trillion current LCU is above the median for Sub-Saharan Africa, which is 7.39 trillion current LCU, 58.3× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 217.17 billion current LCU | 137.93 billion current LCU | 410.77 billion current LCU | 9 |
| 1990s | 2.66 trillion current LCU | 489.77 billion current LCU | 5.43 trillion current LCU | 10 |
| 2000s | 22.77 trillion current LCU | 6.99 trillion current LCU | 43.01 trillion current LCU | 10 |
| 2010s | 99.99 trillion current LCU | 54.61 trillion current LCU | 204.34 trillion current LCU | 10 |
| 2020s | 304.83 trillion current LCU | 211.71 trillion current LCU | 431.18 trillion current LCU | 6 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Real gdp growth, annual growth rate 22.77 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % 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 431.18 trillion current LCU 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 431.18 trillion current LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Nigeria?
- The lowest recorded value was 137.93 billion current LCU in 1981.
- How does Nigeria rank for gross value added at basic prices (gva)?
- Nigeria ranks 10th out of 207 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 358.0%. 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) (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.