Real gdp growth, annual growth rate in Nigeria
Nigeria: Real gdp growth, annual growth rate was 22.77 % change on previous year in 2024. ◆ Volatile
Real gdp growth, annual growth rate in Nigeria, 1992–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, real gdp growth, annual growth rate in Nigeria stood at 22.77 % change on previous year.
The figure is up 198.0% on the previous year and up 34.1% over ten years.
Over the whole period, real gdp growth, annual growth rate in Nigeria peaked at 957.28 % change on previous year in 2000 and was at its lowest, -388.45 % change on previous year, in 2020.
Nigeria ranks 69th of 196 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.
Real gdp growth, annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 497.28 % change on previous year | — |
| 1993 | -28.45 % change on previous year | -105.7% |
| 1994 | -83.62 % change on previous year | +193.9% |
| 1995 | 628.4 % change on previous year | -851.5% |
| 1996 | 116.45 % change on previous year | -81.5% |
| 1997 | -28.78 % change on previous year | -124.7% |
| 1998 | -13.51 % change on previous year | -53.0% |
| 1999 | -79.09 % change on previous year | +485.2% |
| 2000 | 957.28 % change on previous year | -1310.4% |
| 2001 | 20.8 % change on previous year | -97.8% |
| 2002 | 119.05 % change on previous year | +472.3% |
| 2003 | -34.93 % change on previous year | -129.3% |
| 2004 | 9.88 % change on previous year | -128.3% |
| 2005 | -32.89 % change on previous year | -432.8% |
| 2006 | -4.02 % change on previous year | -87.8% |
| 2007 | 8.8 % change on previous year | -318.7% |
| 2008 | -1.63 % change on previous year | -118.5% |
| 2009 | 16.03 % change on previous year | -1085.8% |
| 2010 | 34.79 % change on previous year | +117.0% |
| 2011 | -56.59 % change on previous year | -262.7% |
| 2012 | -12.44 % change on previous year | -78.0% |
| 2013 | 26.06 % change on previous year | -309.4% |
| 2014 | 16.98 % change on previous year | -34.8% |
| 2015 | -57.96 % change on previous year | -441.3% |
| 2016 | -160.95 % change on previous year | +177.7% |
| 2017 | 149.84 % change on previous year | -193.1% |
| 2018 | 138.59 % change on previous year | -7.5% |
| 2019 | 14.82 % change on previous year | -89.3% |
| 2020 | -388.45 % change on previous year | -2721.0% |
| 2021 | 117.41 % change on previous year | -130.2% |
| 2022 | 289.45 % change on previous year | +146.5% |
| 2023 | -23.22 % change on previous year | -108.0% |
| 2024 | 22.77 % change on previous year | -198.0% |
Biggest year-on-year movements
Years where Real gdp growth, annual growth rate in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -2721.0% | 14.82 % change on previous year | -388.45 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 126.09 % change on previous year | -83.62 % change on previous year | 628.4 % change on previous year | 8 |
| 2000s | 105.84 % change on previous year | -34.93 % change on previous year | 957.28 % change on previous year | 10 |
| 2010s | 9.31 % change on previous year | -160.95 % change on previous year | 149.84 % change on previous year | 10 |
| 2020s | 3.59 % change on previous year | -388.45 % change on previous year | 289.45 % change on previous year | 5 |
Countries ranked near Nigeria
- 66 Nepal 25.62 % change on previous year compare
- 67 Central African Republic 25.44 % change on previous year compare
- 68 Bhutan 24.04 % change on previous year compare
- 70 Armenia, Republic of 22.28 % change on previous year compare
- 71 United Kingdom 21.6 % change on previous year compare
- 72 Cambodia 20.23 % change on previous year compare
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)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0107 units per US$ of GDP (2025)
Frequently asked questions
- What is real gdp growth, annual growth rate in Nigeria?
- Real gdp growth, annual growth rate in Nigeria was 22.77 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest real gdp growth, annual growth rate recorded in Nigeria?
- The highest recorded value was 957.28 % change on previous year in 2000.
- What is the lowest real gdp growth, annual growth rate recorded in Nigeria?
- The lowest recorded value was -388.45 % change on previous year in 2020.
- How does Nigeria rank for real gdp growth, annual growth rate?
- Nigeria ranks 69th out of 196 countries with data for 2024.
- Is real gdp growth, annual growth rate rising or falling in Nigeria?
- Over the last ten years it is up 34.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Real gdp growth, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Real gdp growth. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Real gdp growth Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Real gdp growth. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.