Services, value added in Nigeria
Nigeria: Services, value added was 123.32 trillion constant LCU in 2025. ◆ Volatile
Services, value added in Nigeria, 1981–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, services, value added in Nigeria stood at 123.32 trillion constant LCU. 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 123.32 trillion constant LCU in 2025 and was at its lowest, 15.47 trillion constant LCU, in 1984.
That places Nigeria 10th out of 199 countries with data for 2025, putting it in the top 10%.
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 LCU | Change |
|---|---|---|
| 1981 | 15.69 trillion constant LCU | — |
| 1982 | 16.19 trillion constant LCU | +3.2% |
| 1983 | 16.08 trillion constant LCU | -0.7% |
| 1984 | 15.47 trillion constant LCU | -3.8% |
| 1985 | 15.89 trillion constant LCU | +2.7% |
| 1986 | 16.39 trillion constant LCU | +3.2% |
| 1987 | 16.93 trillion constant LCU | +3.3% |
| 1988 | 17.77 trillion constant LCU | +4.9% |
| 1989 | 18.59 trillion constant LCU | +4.6% |
| 1990 | 19.79 trillion constant LCU | +6.5% |
| 1991 | 20.34 trillion constant LCU | +2.7% |
| 1992 | 21.04 trillion constant LCU | +3.5% |
| 1993 | 21.80 trillion constant LCU | +3.6% |
| 1994 | 22.21 trillion constant LCU | +1.9% |
| 1995 | 22.64 trillion constant LCU | +2.0% |
| 1996 | 23.21 trillion constant LCU | +2.5% |
| 1997 | 24.06 trillion constant LCU | +3.6% |
| 1998 | 25.18 trillion constant LCU | +4.7% |
| 1999 | 26.18 trillion constant LCU | +4.0% |
| 2000 | 27.06 trillion constant LCU | +3.3% |
| 2001 | 29.06 trillion constant LCU | +7.4% |
| 2002 | 32.37 trillion constant LCU | +11.4% |
| 2003 | 33.20 trillion constant LCU | +2.6% |
| 2004 | 39.83 trillion constant LCU | +20.0% |
| 2005 | 44.07 trillion constant LCU | +10.6% |
| 2006 | 49.52 trillion constant LCU | +12.4% |
| 2007 | 55.89 trillion constant LCU | +12.9% |
| 2008 | 63.15 trillion constant LCU | +13.0% |
| 2009 | 71.00 trillion constant LCU | +12.4% |
| 2010 | 80.14 trillion constant LCU | +12.9% |
| 2011 | 84.07 trillion constant LCU | +4.9% |
| 2012 | 87.40 trillion constant LCU | +4.0% |
| 2013 | 94.73 trillion constant LCU | +8.4% |
| 2014 | 101.22 trillion constant LCU | +6.8% |
| 2015 | 106.05 trillion constant LCU | +4.8% |
| 2016 | 105.19 trillion constant LCU | -0.8% |
| 2017 | 104.23 trillion constant LCU | -0.9% |
| 2018 | 106.13 trillion constant LCU | +1.8% |
| 2019 | 108.49 trillion constant LCU | +2.2% |
| 2020 | 102.66 trillion constant LCU | -5.4% |
| 2021 | 105.51 trillion constant LCU | +2.8% |
| 2022 | 109.35 trillion constant LCU | +3.6% |
| 2023 | 113.40 trillion constant LCU | +3.7% |
| 2024 | 118.42 trillion constant LCU | +4.4% |
| 2025 | 123.32 trillion constant LCU | +4.1% |
Nigeria compared with similar countries
- Nigeria's 123.32 trillion constant LCU is above the median for lower middle income countries, which is 455.52 billion constant LCU, 270.7× the median. (47 countries reporting)
- Nigeria's 123.32 trillion constant LCU is above the median for Sub-Saharan Africa, which is 1.66 trillion constant LCU, 74.1× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 16.56 trillion constant LCU | 15.47 trillion constant LCU | 18.59 trillion constant LCU | 9 |
| 1990s | 22.64 trillion constant LCU | 19.79 trillion constant LCU | 26.18 trillion constant LCU | 10 |
| 2000s | 44.51 trillion constant LCU | 27.06 trillion constant LCU | 71.00 trillion constant LCU | 10 |
| 2010s | 97.76 trillion constant LCU | 80.14 trillion constant LCU | 108.49 trillion constant LCU | 10 |
| 2020s | 112.11 trillion constant LCU | 102.66 trillion constant LCU | 123.32 trillion constant LCU | 6 |
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)
- 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 123.32 trillion constant LCU 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 123.32 trillion constant LCU in 2025.
- What is the lowest services, value added recorded in Nigeria?
- The lowest recorded value was 15.47 trillion constant LCU in 1984.
- How does Nigeria rank for services, value added?
- Nigeria ranks 10th out of 199 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 LCU). 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 defence, 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 varies by country. This series is expressed in local currency units.