Value of imported goods as a share of GDP in Nigeria
Nigeria: Value of imported goods as a share of GDP was 39.2% in 2024. ▲ Rising
Value of imported goods as a share of GDP in Nigeria, 1960–2024
Source: International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for value of imported goods as a share of gdp in Nigeria is 39.2%, measured in 2024. That is the highest value across all 64 years on record.
The figure is up 197.2% on the previous year and up 203.7% over ten years.
Over the whole period, value of imported goods as a share of gdp in Nigeria peaked at 39.2% in 2024 and was at its lowest, 3.5%, in 1998.
That places Nigeria 74th out of 201 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 64 years of available data.
Value of imported goods as a share of GDP in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 12.1% | — |
| 1961 | 11.4% | -5.4% |
| 1962 | 10.4% | -9.0% |
| 1963 | 10.0% | -3.7% |
| 1964 | 11.3% | +13.1% |
| 1965 | 11.1% | -2.2% |
| 1966 | 9.7% | -12.3% |
| 1967 | 10.2% | +4.8% |
| 1968 | 8.5% | -16.3% |
| 1969 | 8.8% | +3.0% |
| 1970 | 6.9% | -21.5% |
| 1971 | 13.8% | +100.9% |
| 1972 | 10.0% | -27.6% |
| 1973 | 9.8% | -2.3% |
| 1974 | 8.9% | -8.8% |
| 1975 | 17.7% | +98.5% |
| 1976 | 18.0% | +1.8% |
| 1977 | 24.3% | +34.8% |
| 1978 | 27.9% | +14.7% |
| 1979 | 16.8% | -39.7% |
| 1981 | 10.0% | -40.7% |
| 1982 | 7.3% | -27.1% |
| 1983 | 9.0% | +24.3% |
| 1984 | 6.8% | -24.9% |
| 1985 | 7.1% | +5.3% |
| 1986 | 5.2% | -27.7% |
| 1987 | 6.2% | +19.6% |
| 1988 | 6.3% | +2.4% |
| 1989 | 6.1% | -3.6% |
| 1990 | 7.6% | +24.7% |
| 1991 | 8.7% | +14.5% |
| 1992 | 17.4% | +100.1% |
| 1993 | 13.1% | -24.9% |
| 1994 | 6.6% | -49.7% |
| 1995 | 4.0% | -39.0% |
| 1996 | 3.6% | -11.1% |
| 1997 | 3.5% | -2.4% |
| 1998 | 3.5% | -0.1% |
| 1999 | 13.0% | +273.2% |
| 2000 | 8.4% | -35.4% |
| 2001 | 10.8% | +28.3% |
| 2002 | 9.2% | -14.7% |
| 2003 | 16.2% | +76.7% |
| 2004 | 15.3% | -5.5% |
| 2005 | 14.8% | -3.4% |
| 2006 | 13.5% | -8.7% |
| 2007 | 13.6% | +0.7% |
| 2008 | 18.2% | +33.9% |
| 2009 | 16.9% | -7.4% |
| 2010 | 15.6% | -7.8% |
| 2011 | 18.2% | +17.2% |
| 2012 | 14.5% | -20.5% |
| 2013 | 14.3% | -1.4% |
| 2014 | 12.9% | -9.7% |
| 2015 | 10.9% | -15.7% |
| 2016 | 10.3% | -5.1% |
| 2017 | 14.2% | +37.2% |
| 2018 | 13.9% | -1.7% |
| 2019 | 9.6% | -31.1% |
| 2020 | 9.3% | -3.6% |
| 2021 | 8.5% | -7.9% |
| 2022 | 9.7% | +14.1% |
| 2023 | 13.2% | +35.7% |
| 2024 | 39.2% | +197.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.3% | 8.5% | 12.1% | 10 |
| 1970s | 15.4% | 6.9% | 27.9% | 10 |
| 1980s | 7.1% | 5.2% | 10.0% | 9 |
| 1990s | 8.1% | 3.5% | 17.4% | 10 |
| 2000s | 13.7% | 8.4% | 18.2% | 10 |
| 2010s | 13.4% | 9.6% | 18.2% | 10 |
| 2020s | 16.0% | 8.5% | 39.2% | 5 |
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 value of imported goods as a share of gdp in Nigeria?
- Value of imported goods as a share of gdp in Nigeria was 39.2% in 2024, according to International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data.
- What is the highest value of imported goods as a share of gdp recorded in Nigeria?
- The highest recorded value was 39.2% in 2024.
- What is the lowest value of imported goods as a share of gdp recorded in Nigeria?
- The lowest recorded value was 3.5% in 1998.
- How does Nigeria rank for value of imported goods as a share of gdp?
- Nigeria ranks 74th out of 201 countries with data for 2024.
- Is value of imported goods as a share of gdp rising or falling in Nigeria?
- Over the last ten years it is up 203.7%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as part of Value of imported goods as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).