Annual GDP growth in Nigeria
Nigeria: Annual GDP growth was 4.1% in 2024. ◆ Volatile
Annual GDP growth in Nigeria, 1991–2024
Source: International Monetary Fund (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in Nigeria is 4.1%, measured in 2024.
Compared with earlier readings it is up 22.8% on the previous year and down 35.5% over ten years.
Over the whole period, annual gdp growth in Nigeria peaked at 14.6% in 2002 and was at its lowest, -6.4%, in 2020.
Nigeria ranks 71st 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.7% | -0.6% | 4.1% | 9 |
| 2000s | 8.3% | 5.5% | 14.6% | 10 |
| 2010s | 3.8% | -1.6% | 11.3% | 10 |
| 2020s | 1.3% | -6.4% | 4.3% | 5 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Inflation of consumer prices 23.0% (2025)
- GDP per capita 2,369 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.3% (2025)
- Gross domestic product (GDP) 562.59 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 2,369 constant 2015 US$ (2025)
- DEC alternative conversion factor 1,518 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 35.23 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 23.20 billion current US$ (2025)
- Taxes less subsidies on products 10.36 trillion current LCU (2025)
- Taxes less subsidies on products 6.82 billion current US$ (2025)
Frequently asked questions
- What is annual gdp growth in Nigeria?
- Annual gdp growth in Nigeria was 4.1% in 2024, according to International Monetary Fund (2026) – with minor processing by Our World in Data.
- What is the highest annual gdp growth recorded in Nigeria?
- The highest recorded value was 14.6% in 2002.
- What is the lowest annual gdp growth recorded in Nigeria?
- The lowest recorded value was -6.4% in 2020.
- How does Nigeria rank for annual gdp growth?
- Nigeria ranks 71st out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Nigeria?
- Over the last ten years it is down 35.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund (2026) – with minor processing by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual percent change in gross domestic product. This data is adjusted for inflation.