Other services, value added in Nigeria
Nigeria: Other services, value added was 906.30 million current LCU in 1970. ◆ Volatile
Other services, value added in Nigeria, 1965–1970
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
In 1970, other services, value added in Nigeria stood at 906.30 million current LCU. That is the highest value across all 6 years on record.
That represents a change of up 96.7% on the previous year and up 424.8% over ten years.
That places Nigeria 41st out of 45 countries with data for 1970, putting it in the bottom quarter.
Other services, value added in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1965 | 172.70 million current LCU | — |
| 1966 | 177.20 million current LCU | +2.6% |
| 1967 | 150.90 million current LCU | -14.8% |
| 1968 | 248.00 million current LCU | +64.3% |
| 1969 | 460.80 million current LCU | +85.8% |
| 1970 | 906.30 million current LCU | +96.7% |
Nigeria compared with similar countries
- Nigeria's 906.30 million current LCU is below the median for Sub-Saharan Africa, which is 81.11 billion current LCU, 1% of the median. (41 countries reporting)
- Nigeria's 906.30 million current LCU is below the median for lower middle income countries, which is 142.08 billion current LCU, 1% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 241.92 million current LCU | 150.90 million current LCU | 460.80 million current LCU | 5 |
| 1970s | 906.30 million current LCU | 906.30 million current LCU | 906.30 million current LCU | 1 |
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 other services, value added in Nigeria?
- Other services, value added in Nigeria was 906.30 million current LCU in 1970, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest other services, value added recorded in Nigeria?
- The highest recorded value was 906.30 million current LCU in 1970.
- What is the lowest other services, value added recorded in Nigeria?
- The lowest recorded value was 150.90 million current LCU in 1967.
- How does Nigeria rank for other services, value added?
- Nigeria ranks 41st out of 45 countries with data for 1970.
- Is other services, value added rising or falling in Nigeria?
- Over the last ten years it is up 424.8%. The long-run trend across the full record is volatile.
- 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 Other services, value added (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Value added in other services is defined as the value of output of the 'other services' industry less the value of intermediate consumption (intermediate inputs). Other services is a subset of services, comprising real estate, renting and business activities (excluding services of owner occupied dwellings), education, health and social work, other community, social and personal service activities, private households with employed persons, and extra territorial organizations (ISIC 70-74, 80-99). Data are in current local currency.