Services, value added in Nigeria
Nigeria: Services, value added was 333.22 billion constant 2015 US$ in 2025. ◆ Volatile
Services, value added in Nigeria, 1981–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Nigeria is 333.22 billion constant 2015 US$, measured in 2025. That is the highest value across all 45 years on record.
The figure is up 4.1% on the previous year and up 16.3% over ten years.
Over the whole period, services, value added in Nigeria peaked at 333.22 billion constant 2015 US$ in 2025 and was at its lowest, 41.79 billion constant 2015 US$, in 1984.
That places Nigeria 24th out of 196 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Nigeria, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1981 | 42.41 billion constant 2015 US$ | — |
| 1982 | 43.75 billion constant 2015 US$ | +3.2% |
| 1983 | 43.44 billion constant 2015 US$ | -0.7% |
| 1984 | 41.79 billion constant 2015 US$ | -3.8% |
| 1985 | 42.92 billion constant 2015 US$ | +2.7% |
| 1986 | 44.29 billion constant 2015 US$ | +3.2% |
| 1987 | 45.76 billion constant 2015 US$ | +3.3% |
| 1988 | 48.01 billion constant 2015 US$ | +4.9% |
| 1989 | 50.22 billion constant 2015 US$ | +4.6% |
| 1990 | 53.48 billion constant 2015 US$ | +6.5% |
| 1991 | 54.95 billion constant 2015 US$ | +2.7% |
| 1992 | 56.86 billion constant 2015 US$ | +3.5% |
| 1993 | 58.90 billion constant 2015 US$ | +3.6% |
| 1994 | 60.00 billion constant 2015 US$ | +1.9% |
| 1995 | 61.18 billion constant 2015 US$ | +2.0% |
| 1996 | 62.72 billion constant 2015 US$ | +2.5% |
| 1997 | 65.00 billion constant 2015 US$ | +3.6% |
| 1998 | 68.02 billion constant 2015 US$ | +4.7% |
| 1999 | 70.75 billion constant 2015 US$ | +4.0% |
| 2000 | 73.12 billion constant 2015 US$ | +3.4% |
| 2001 | 78.52 billion constant 2015 US$ | +7.4% |
| 2002 | 87.46 billion constant 2015 US$ | +11.4% |
| 2003 | 89.69 billion constant 2015 US$ | +2.6% |
| 2004 | 107.63 billion constant 2015 US$ | +20.0% |
| 2005 | 119.07 billion constant 2015 US$ | +10.6% |
| 2006 | 133.80 billion constant 2015 US$ | +12.4% |
| 2007 | 151.00 billion constant 2015 US$ | +12.9% |
| 2008 | 170.64 billion constant 2015 US$ | +13.0% |
| 2009 | 191.84 billion constant 2015 US$ | +12.4% |
| 2010 | 216.54 billion constant 2015 US$ | +12.9% |
| 2011 | 227.15 billion constant 2015 US$ | +4.9% |
| 2012 | 236.16 billion constant 2015 US$ | +4.0% |
| 2013 | 255.96 billion constant 2015 US$ | +8.4% |
| 2014 | 273.48 billion constant 2015 US$ | +6.8% |
| 2015 | 286.56 billion constant 2015 US$ | +4.8% |
| 2016 | 284.22 billion constant 2015 US$ | -0.8% |
| 2017 | 281.62 billion constant 2015 US$ | -0.9% |
| 2018 | 286.77 billion constant 2015 US$ | +1.8% |
| 2019 | 293.13 billion constant 2015 US$ | +2.2% |
| 2020 | 277.38 billion constant 2015 US$ | -5.4% |
| 2021 | 285.09 billion constant 2015 US$ | +2.8% |
| 2022 | 295.47 billion constant 2015 US$ | +3.6% |
| 2023 | 306.40 billion constant 2015 US$ | +3.7% |
| 2024 | 319.96 billion constant 2015 US$ | +4.4% |
| 2025 | 333.22 billion constant 2015 US$ | +4.1% |
Nigeria compared with similar countries
- Nigeria's 333.22 billion constant 2015 US$ is above the median for lower middle income countries, which is 12.91 billion constant 2015 US$, 25.8× the median. (46 countries reporting)
- Nigeria's 333.22 billion constant 2015 US$ is above the median for Sub-Saharan Africa, which is 7.40 billion constant 2015 US$, 45.0× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 44.73 billion constant 2015 US$ | 41.79 billion constant 2015 US$ | 50.22 billion constant 2015 US$ | 9 |
| 1990s | 61.19 billion constant 2015 US$ | 53.48 billion constant 2015 US$ | 70.75 billion constant 2015 US$ | 10 |
| 2000s | 120.28 billion constant 2015 US$ | 73.12 billion constant 2015 US$ | 191.84 billion constant 2015 US$ | 10 |
| 2010s | 264.16 billion constant 2015 US$ | 216.54 billion constant 2015 US$ | 293.13 billion constant 2015 US$ | 10 |
| 2020s | 302.92 billion constant 2015 US$ | 277.38 billion constant 2015 US$ | 333.22 billion constant 2015 US$ | 6 |
Countries ranked near Nigeria
- 21 Sweden 391.76 billion constant 2015 US$ compare
- 22 Belgium 385.76 billion constant 2015 US$ compare
- 23 Argentina 348.29 billion constant 2015 US$ compare
- 25 Hong Kong 314.28 billion constant 2015 US$ compare
- 26 Philippines 301.54 billion constant 2015 US$ compare
- 27 Ireland 301.39 billion constant 2015 US$ 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)
- 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Nigeria?
- Services, value added in Nigeria was 333.22 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Nigeria?
- The highest recorded value was 333.22 billion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in Nigeria?
- The lowest recorded value was 41.79 billion constant 2015 US$ in 1984.
- How does Nigeria rank for services, value added?
- Nigeria ranks 24th out of 196 countries with data for 2025.
- Is services, value added rising or falling in Nigeria?
- Over the last ten years it is up 16.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.