Product market, Overall in Nigeria
Nigeria: Product market, Overall was 0.7619 in 2014. β Volatile
Product market, Overall in Nigeria, 1973β2014
Source: International Monetary Fund.
Analysis
In 2014, product market, overall in Nigeria stood at 0.7619. That is the highest value across all 42 years on record.
The figure is up 23.1% on the previous year and up 166.7% over ten years.
Over the whole period, product market, overall in Nigeria peaked at 0.7619 in 2014 and was at its lowest, 0, in 1973.
Nigeria ranks 39th of 90 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 | 0 | 0 | 7 |
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.1071 | 0 | 0.2143 | 10 |
| 2000s | 0.4452 | 0.2143 | 0.6905 | 10 |
| 2010s | 0.6476 | 0.619 | 0.7619 | 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)
- Taxes less subsidies on products (current LCU), annual growth rate 26.23 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 35.61 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 43,596 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0005 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,966 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1,436 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.0007 (2025)
- Gdp worldbank constant usd, annual growth rate 4.01 % change on previous year (2025)
Frequently asked questions
- What is product market, overall in Nigeria?
- Product market, overall in Nigeria was 0.7619 in 2014, according to International Monetary Fund.
- What is the highest product market, overall recorded in Nigeria?
- The highest recorded value was 0.7619 in 2014.
- What is the lowest product market, overall recorded in Nigeria?
- The lowest recorded value was 0 in 1973.
- How does Nigeria rank for product market, overall?
- Nigeria ranks 39th out of 90 countries with data for 2014.
- Is product market, overall rising or falling in Nigeria?
- Over the last ten years it is up 166.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Product market, Overall. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 42 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.