Indirect taxes (current LCU) in Nigeria
Nigeria: Indirect taxes (current LCU) was 247.81 billion current LCU in 2007. ▼ Falling
Indirect taxes in Nigeria, 2002–2007
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
In 2007, indirect taxes in Nigeria stood at 247.81 billion current LCU.
Compared with earlier readings it is up 43.1% on the previous year and up 13.1% over ten years.
Nigeria ranks 6th of 23 countries on this measure, in the top quarter.
Indirect taxes (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 2002 | 219.14 billion current LCU | — |
| 2003 | 259.23 billion current LCU | +18.3% |
| 2004 | 268.12 billion current LCU | +3.4% |
| 2005 | 169.68 billion current LCU | -36.7% |
| 2006 | 173.17 billion current LCU | +2.1% |
| 2007 | 247.81 billion current LCU | +43.1% |
Nigeria compared with similar countries
- Nigeria's 247.81 billion current LCU is above the median for Sub-Saharan Africa, which is 71.72 billion current LCU, 3.5× the median. (22 countries reporting)
- Nigeria's 247.81 billion current LCU is above the median for lower middle income countries, which is 124.10 billion current LCU, 2.0× the median. (12 countries reporting)
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 indirect taxes in Nigeria?
- Indirect taxes in Nigeria was 247.81 billion current LCU in 2007, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest indirect taxes recorded in Nigeria?
- The highest recorded value was 268.12 billion current LCU in 2004.
- What is the lowest indirect taxes recorded in Nigeria?
- The lowest recorded value was 169.68 billion current LCU in 2005.
- How does Nigeria rank for indirect taxes?
- Nigeria ranks 6th out of 23 countries with data for 2007.
- Is indirect taxes rising or falling in Nigeria?
- Over the last ten years it is up 13.1%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Indirect taxes (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments made by institutional units to government units. Indirect taxes consists of ‘taxes on products’ payable on goods and services when they are produced, delivered, sold, transferred or otherwise disposed by their producers, plus ‘other taxes on production’. Data are in current local currency.