Inflation, GDP deflator in Nigeria
Nigeria: Inflation, GDP deflator was 13.9% in 2025. ◆ Volatile
Inflation, GDP deflator in Nigeria, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
In 2025, inflation, gdp deflator in Nigeria stood at 13.9%.
Compared with earlier readings it is down 1.6% on the previous year and up 384.0% over ten years.
Over the whole period, inflation, gdp deflator in Nigeria peaked at 219.0% in 1981 and was at its lowest, -3.1%, in 1963.
Nigeria ranks 23rd of 212 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Nigeria, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 6.3% | — |
| 1962 | 5.6% | -11.1% |
| 1963 | -3.1% | -155.6% |
| 1964 | 2.4% | -178.4% |
| 1965 | 0.9% | -64.4% |
| 1966 | 13.2% | +1426.2% |
| 1967 | -3.0% | -122.8% |
| 1968 | 1.2% | -140.6% |
| 1969 | 2.7% | +121.7% |
| 1970 | 51.3% | +1794.8% |
| 1971 | 1.3% | -97.4% |
| 1972 | 2.9% | +114.6% |
| 1973 | 5.3% | +84.8% |
| 1974 | 43.9% | +721.9% |
| 1975 | 23.5% | -46.5% |
| 1976 | 14.4% | -38.9% |
| 1977 | 10.7% | -25.4% |
| 1978 | 13.9% | +29.9% |
| 1979 | 11.5% | -17.4% |
| 1980 | 12.4% | +8.1% |
| 1981 | 219.0% | +1663.4% |
| 1982 | 14.8% | -93.2% |
| 1983 | 19.6% | +32.2% |
| 1984 | 5.7% | -71.1% |
| 1985 | 6.9% | +22.5% |
| 1986 | 5.4% | -21.8% |
| 1987 | 19.7% | +263.2% |
| 1988 | 20.2% | +2.6% |
| 1989 | 29.0% | +43.6% |
| 1990 | 6.7% | -77.0% |
| 1991 | 18.9% | +182.9% |
| 1992 | 46.8% | +147.8% |
| 1993 | 41.6% | -10.9% |
| 1994 | 43.3% | +4.0% |
| 1995 | 75.4% | +74.2% |
| 1996 | 26.5% | -64.9% |
| 1997 | 5.1% | -80.9% |
| 1998 | 6.0% | +18.9% |
| 1999 | 13.4% | +123.5% |
| 2000 | 22.7% | +68.8% |
| 2001 | 10.1% | -55.6% |
| 2002 | 21.1% | +109.5% |
| 2003 | 9.8% | -53.6% |
| 2004 | 22.4% | +128.1% |
| 2005 | 19.9% | -11.2% |
| 2006 | 23.9% | +20.2% |
| 2007 | 7.1% | -70.2% |
| 2008 | 7.9% | +11.6% |
| 2009 | 0.7% | -91.3% |
| 2010 | 16.3% | +2282.0% |
| 2011 | 9.8% | -40.2% |
| 2012 | 9.9% | +1.7% |
| 2013 | 5.0% | -50.1% |
| 2014 | 4.7% | -6.1% |
| 2015 | 2.9% | -38.6% |
| 2016 | 9.5% | +233.3% |
| 2017 | 11.1% | +16.5% |
| 2018 | 10.2% | -8.0% |
| 2019 | 55.4% | +442.1% |
| 2020 | 11.3% | -79.7% |
| 2021 | 12.6% | +12.3% |
| 2022 | 8.0% | -36.3% |
| 2023 | 10.8% | +34.6% |
| 2024 | 14.1% | +30.0% |
| 2025 | 13.9% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.9% | -3.1% | 13.2% | 9 |
| 1970s | 17.9% | 1.3% | 51.3% | 10 |
| 1980s | 35.3% | 5.4% | 219.0% | 10 |
| 1990s | 28.4% | 5.1% | 75.4% | 10 |
| 2000s | 14.5% | 0.7% | 23.9% | 10 |
| 2010s | 13.5% | 2.9% | 55.4% | 10 |
| 2020s | 11.8% | 8.0% | 14.1% | 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)
- GDP (constant 2015 US$), annual growth rate 4.01 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 1.93 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,369 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.01 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 778.97 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 953,652 constant LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate -18.64 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.11 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is inflation, gdp deflator in Nigeria?
- Inflation, gdp deflator in Nigeria was 13.9% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Nigeria?
- The highest recorded value was 219.0% in 1981.
- What is the lowest inflation, gdp deflator recorded in Nigeria?
- The lowest recorded value was -3.1% in 1963.
- How does Nigeria rank for inflation, gdp deflator?
- Nigeria ranks 23rd out of 212 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Nigeria?
- Over the last ten years it is up 384.0%. 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 Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.