Other services, value added in Nigeria
Nigeria: Other services, value added was 1.27 billion current US$ 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 US$.
Analysis
In 1970, other services, value added in Nigeria stood at 1.27 billion current US$. 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.
Nigeria ranks 15th of 46 countries on this measure, in the middle of the range.
Other services, value added in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 241.78 million current US$ | — |
| 1966 | 248.07 million current US$ | +2.6% |
| 1967 | 211.26 million current US$ | -14.8% |
| 1968 | 347.19 million current US$ | +64.3% |
| 1969 | 645.11 million current US$ | +85.8% |
| 1970 | 1.27 billion current US$ | +96.7% |
Nigeria compared with similar countries
- Nigeria's 1.27 billion current US$ is above the median for Sub-Saharan Africa, which is 478.15 million current US$, 2.7× the median. (42 countries reporting)
- Nigeria's 1.27 billion current US$ is above the median for lower middle income countries, which is 936.07 million current US$, 1.4× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 338.68 million current US$ | 211.26 million current US$ | 645.11 million current US$ | 5 |
| 1970s | 1.27 billion current US$ | 1.27 billion current US$ | 1.27 billion current US$ | 1 |
Countries ranked near Nigeria
- 12 Zambia 2.66 billion current US$
- 13 Mauritius 2.00 billion current US$
- 14 Madagascar 1.57 billion current US$ compare
- 16 Ethiopia 1.05 billion current US$
- 17 Gabon 1.03 billion current US$
- 18 Burkina Faso 846.21 million current US$
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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is other services, value added in Nigeria?
- Other services, value added in Nigeria was 1.27 billion current US$ 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 1.27 billion current US$ in 1970.
- What is the lowest other services, value added recorded in Nigeria?
- The lowest recorded value was 211.26 million current US$ in 1967.
- How does Nigeria rank for other services, value added?
- Nigeria ranks 15th out of 46 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 US$). Statizoid updates them automatically from the source API.
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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 U.S. dollars.