Gross value added at basic prices (GVA) in Nigeria
Nigeria: Gross value added at basic prices (GVA) was 283.97 billion current US$ in 2025. ◆ Volatile
Latest (2025)
283.97 billion current US$
Change on year
up 15.1%
World rank
47th
of 207 countries
All-time high
665.79 billion current US$
in 2019
All-time low
43.57 billion current US$
in 1989
Years of data
45
1981–2025
Gross value added at basic prices (GVA) in Nigeria, 1981–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Nigeria recorded 283.97 billion current US$ for gross value added at basic prices (gva) in 2025.
The figure is up 15.1% on the previous year and down 41.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Nigeria peaked at 665.79 billion current US$ in 2019 and was at its lowest, 43.57 billion current US$, in 1989.
That places Nigeria 47th out of 207 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1981 | 162.84 billion current US$ | — |
| 1982 | 141.35 billion current US$ | -13.2% |
| 1983 | 96.14 billion current US$ | -32.0% |
| 1984 | 72.76 billion current US$ | -24.3% |
| 1985 | 73.02 billion current US$ | +0.4% |
| 1986 | 54.27 billion current US$ | -25.7% |
| 1987 | 52.16 billion current US$ | -3.9% |
| 1988 | 49.16 billion current US$ | -5.7% |
| 1989 | 43.57 billion current US$ | -11.4% |
| 1990 | 53.50 billion current US$ | +22.8% |
| 1991 | 58.94 billion current US$ | +10.2% |
| 1992 | 51.55 billion current US$ | -12.5% |
| 1993 | 56.16 billion current US$ | +9.0% |
| 1994 | 79.60 billion current US$ | +41.7% |
| 1995 | 139.52 billion current US$ | +75.3% |
| 1996 | 183.88 billion current US$ | +31.8% |
| 1997 | 198.84 billion current US$ | +8.1% |
| 1998 | 216.21 billion current US$ | +8.7% |
| 1999 | 58.54 billion current US$ | -72.9% |
| 2000 | 68.47 billion current US$ | +16.9% |
| 2001 | 72.80 billion current US$ | +6.3% |
| 2002 | 94.08 billion current US$ | +29.2% |
| 2003 | 103.67 billion current US$ | +10.2% |
| 2004 | 134.37 billion current US$ | +29.6% |
| 2005 | 173.87 billion current US$ | +29.4% |
| 2006 | 236.01 billion current US$ | +35.7% |
| 2007 | 275.39 billion current US$ | +16.7% |
| 2008 | 335.98 billion current US$ | +22.0% |
| 2009 | 291.96 billion current US$ | -13.1% |
| 2010 | 366.99 billion current US$ | +25.7% |
| 2011 | 413.45 billion current US$ | +12.7% |
| 2012 | 459.88 billion current US$ | +11.2% |
| 2013 | 514.23 billion current US$ | +11.8% |
| 2014 | 567.22 billion current US$ | +10.3% |
| 2015 | 487.68 billion current US$ | -14.0% |
| 2016 | 400.37 billion current US$ | -17.9% |
| 2017 | 371.86 billion current US$ | -7.1% |
| 2018 | 417.33 billion current US$ | +12.2% |
| 2019 | 665.79 billion current US$ | +59.5% |
| 2020 | 593.18 billion current US$ | -10.9% |
| 2021 | 602.77 billion current US$ | +1.6% |
| 2022 | 639.80 billion current US$ | +6.1% |
| 2023 | 480.38 billion current US$ | -24.9% |
| 2024 | 246.71 billion current US$ | -48.6% |
| 2025 | 283.97 billion current US$ | +15.1% |
Nigeria compared with similar countries
- Nigeria's 283.97 billion current US$ is above the median for lower middle income countries, which is 27.86 billion current US$, 10.2× the median. (47 countries reporting)
- Nigeria's 283.97 billion current US$ is above the median for Sub-Saharan Africa, which is 18.79 billion current US$, 15.1× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 82.81 billion current US$ | 43.57 billion current US$ | 162.84 billion current US$ | 9 |
| 1990s | 109.68 billion current US$ | 51.55 billion current US$ | 216.21 billion current US$ | 10 |
| 2000s | 178.66 billion current US$ | 68.47 billion current US$ | 335.98 billion current US$ | 10 |
| 2010s | 466.48 billion current US$ | 366.99 billion current US$ | 665.79 billion current US$ | 10 |
| 2020s | 474.47 billion current US$ | 246.71 billion current US$ | 639.80 billion current US$ | 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Nigeria?
- Gross value added at basic prices (gva) in Nigeria was 283.97 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Nigeria?
- The highest recorded value was 665.79 billion current US$ in 2019.
- What is the lowest gross value added at basic prices (gva) recorded in Nigeria?
- The lowest recorded value was 43.57 billion current US$ in 1989.
- How does Nigeria rank for gross value added at basic prices (gva)?
- Nigeria ranks 47th 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 down 41.8%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). 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 indicator is expressed in United States dollars.