Services, value added in Nigeria
Nigeria: Services, value added was 257.12 trillion current LCU in 2025. ◆ Volatile
Services, value added in Nigeria, 1981–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Nigeria is 257.12 trillion current LCU, measured in 2025. That is the highest value across all 45 years on record.
Compared with earlier readings it is up 28.4% on the previous year and up 364.8% over ten years.
Over the whole period, services, value added in Nigeria peaked at 257.12 trillion current LCU in 2025 and was at its lowest, 66.20 billion current LCU, in 1981.
That places Nigeria 10th out of 206 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 | current LCU | Change |
|---|---|---|
| 1981 | 66.20 billion current LCU | — |
| 1982 | 75.56 billion current LCU | +14.1% |
| 1983 | 79.22 billion current LCU | +4.8% |
| 1984 | 83.51 billion current LCU | +5.4% |
| 1985 | 88.88 billion current LCU | +6.4% |
| 1986 | 95.42 billion current LCU | +7.4% |
| 1987 | 111.51 billion current LCU | +16.9% |
| 1988 | 135.80 billion current LCU | +21.8% |
| 1989 | 175.68 billion current LCU | +29.4% |
| 1990 | 207.99 billion current LCU | +18.4% |
| 1991 | 242.90 billion current LCU | +16.8% |
| 1992 | 371.34 billion current LCU | +52.9% |
| 1993 | 532.41 billion current LCU | +43.4% |
| 1994 | 752.05 billion current LCU | +41.3% |
| 1995 | 1.15 trillion current LCU | +52.4% |
| 1996 | 1.44 trillion current LCU | +26.0% |
| 1997 | 1.61 trillion current LCU | +11.1% |
| 1998 | 2.04 trillion current LCU | +26.8% |
| 1999 | 2.39 trillion current LCU | +17.3% |
| 2000 | 3.09 trillion current LCU | +29.4% |
| 2001 | 3.81 trillion current LCU | +23.0% |
| 2002 | 4.48 trillion current LCU | +17.8% |
| 2003 | 5.31 trillion current LCU | +18.4% |
| 2004 | 7.86 trillion current LCU | +48.1% |
| 2005 | 10.33 trillion current LCU | +31.5% |
| 2006 | 14.73 trillion current LCU | +42.6% |
| 2007 | 17.32 trillion current LCU | +17.6% |
| 2008 | 19.57 trillion current LCU | +12.9% |
| 2009 | 22.16 trillion current LCU | +13.2% |
| 2010 | 27.74 trillion current LCU | +25.2% |
| 2011 | 31.09 trillion current LCU | +12.1% |
| 2012 | 36.31 trillion current LCU | +16.8% |
| 2013 | 42.42 trillion current LCU | +16.8% |
| 2014 | 48.81 trillion current LCU | +15.1% |
| 2015 | 55.32 trillion current LCU | +13.3% |
| 2016 | 61.32 trillion current LCU | +10.9% |
| 2017 | 64.12 trillion current LCU | +4.6% |
| 2018 | 67.15 trillion current LCU | +4.7% |
| 2019 | 108.49 trillion current LCU | +61.6% |
| 2020 | 111.92 trillion current LCU | +3.2% |
| 2021 | 124.84 trillion current LCU | +11.5% |
| 2022 | 140.34 trillion current LCU | +12.4% |
| 2023 | 162.40 trillion current LCU | +15.7% |
| 2024 | 200.32 trillion current LCU | +23.4% |
| 2025 | 257.12 trillion current LCU | +28.4% |
Nigeria compared with similar countries
- Nigeria's 257.12 trillion current LCU is above the median for lower middle income countries, which is 891.96 billion current LCU, 288.3× the median. (47 countries reporting)
- Nigeria's 257.12 trillion current LCU is above the median for Sub-Saharan Africa, which is 4.25 trillion current LCU, 60.5× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 101.31 billion current LCU | 66.20 billion current LCU | 175.68 billion current LCU | 9 |
| 1990s | 1.07 trillion current LCU | 207.99 billion current LCU | 2.39 trillion current LCU | 10 |
| 2000s | 10.87 trillion current LCU | 3.09 trillion current LCU | 22.16 trillion current LCU | 10 |
| 2010s | 54.28 trillion current LCU | 27.74 trillion current LCU | 108.49 trillion current LCU | 10 |
| 2020s | 166.15 trillion current LCU | 111.92 trillion current LCU | 257.12 trillion current 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 257.12 trillion current 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 257.12 trillion current LCU in 2025.
- What is the lowest services, value added recorded in Nigeria?
- The lowest recorded value was 66.20 billion current LCU in 1981.
- How does Nigeria rank for services, value added?
- Nigeria ranks 10th out of 206 countries with data for 2025.
- Is services, value added rising or falling in Nigeria?
- Over the last ten years it is up 364.8%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.