Gross value added at basic prices (GVA) in Nigeria
Nigeria: Gross value added at basic prices (GVA) 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) 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
- 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 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.