Merchandise trade as a proportion of GDP in Nigeria
Nigeria: Merchandise trade as a proportion of GDP was 37.5% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Nigeria, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Nigeria recorded 37.5% for merchandise trade as a proportion of gdp in 2024.
The figure is up 74.7% on the previous year and up 33.4% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Nigeria peaked at 42.9% in 2000 and was at its lowest, 11.9%, in 2020.
That places Nigeria 164th out of 218 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 42.9% | — |
| 2001 | 40.3% | -6.2% |
| 2002 | 26.9% | -33.3% |
| 2003 | 33.3% | +24.0% |
| 2004 | 38.9% | +16.8% |
| 2005 | 40.5% | +4.3% |
| 2006 | 35.8% | -11.8% |
| 2007 | 36.5% | +2.0% |
| 2008 | 40.1% | +10.1% |
| 2009 | 30.7% | -23.4% |
| 2010 | 34.9% | +13.7% |
| 2011 | 41.5% | +18.8% |
| 2012 | 35.7% | -13.9% |
| 2013 | 28.2% | -21.1% |
| 2014 | 28.1% | -0.2% |
| 2015 | 19.3% | -31.5% |
| 2016 | 17.0% | -11.6% |
| 2017 | 20.2% | +18.5% |
| 2018 | 24.6% | +21.8% |
| 2019 | 17.6% | -28.2% |
| 2020 | 11.9% | -32.4% |
| 2021 | 16.2% | +36.0% |
| 2022 | 19.1% | +17.7% |
| 2023 | 21.5% | +12.5% |
| 2024 | 37.5% | +74.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.6% | 26.9% | 42.9% | 10 |
| 2010s | 26.7% | 17.0% | 41.5% | 10 |
| 2020s | 21.2% | 11.9% | 37.5% | 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)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.18 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 348.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 427,154 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.4555 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 557.59 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 209.92 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Nigeria?
- Merchandise trade as a proportion of gdp in Nigeria was 37.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Nigeria?
- The highest recorded value was 42.9% in 2000.
- What is the lowest merchandise trade as a proportion of gdp recorded in Nigeria?
- The lowest recorded value was 11.9% in 2020.
- How does Nigeria rank for merchandise trade as a proportion of gdp?
- Nigeria ranks 164th out of 218 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Nigeria?
- Over the last ten years it is up 33.4%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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