Services, value added in Nigeria
Nigeria: Services, value added was 169.34 billion current US$ in 2025. ◆ Volatile
Services, value added in Nigeria, 1981–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for services, value added in Nigeria is 169.34 billion current US$, measured in 2025.
Compared with earlier readings it is up 24.9% on the previous year and down 40.9% over ten years.
Over the whole period, services, value added in Nigeria peaked at 353.47 billion current US$ in 2019 and was at its lowest, 18.63 billion current US$, in 1989.
Nigeria ranks 51st of 206 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1981 | 78.16 billion current US$ | — |
| 1982 | 72.38 billion current US$ | -7.4% |
| 1983 | 48.45 billion current US$ | -33.1% |
| 1984 | 37.00 billion current US$ | -23.6% |
| 1985 | 34.90 billion current US$ | -5.7% |
| 1986 | 26.40 billion current US$ | -24.4% |
| 1987 | 24.01 billion current US$ | -9.1% |
| 1988 | 21.36 billion current US$ | -11.0% |
| 1989 | 18.63 billion current US$ | -12.8% |
| 1990 | 22.72 billion current US$ | +21.9% |
| 1991 | 24.50 billion current US$ | +7.8% |
| 1992 | 21.34 billion current US$ | -12.9% |
| 1993 | 24.02 billion current US$ | +12.6% |
| 1994 | 34.18 billion current US$ | +42.3% |
| 1995 | 52.11 billion current US$ | +52.4% |
| 1996 | 65.67 billion current US$ | +26.0% |
| 1997 | 72.98 billion current US$ | +11.1% |
| 1998 | 92.57 billion current US$ | +26.8% |
| 1999 | 25.78 billion current US$ | -72.1% |
| 2000 | 30.30 billion current US$ | +17.5% |
| 2001 | 34.00 billion current US$ | +12.2% |
| 2002 | 37.04 billion current US$ | +8.9% |
| 2003 | 41.00 billion current US$ | +10.7% |
| 2004 | 58.86 billion current US$ | +43.6% |
| 2005 | 78.50 billion current US$ | +33.4% |
| 2006 | 115.62 billion current US$ | +47.3% |
| 2007 | 139.03 billion current US$ | +20.2% |
| 2008 | 166.26 billion current US$ | +19.6% |
| 2009 | 150.40 billion current US$ | -9.5% |
| 2010 | 186.39 billion current US$ | +23.9% |
| 2011 | 204.10 billion current US$ | +9.5% |
| 2012 | 232.85 billion current US$ | +14.1% |
| 2013 | 272.37 billion current US$ | +17.0% |
| 2014 | 310.94 billion current US$ | +14.2% |
| 2015 | 286.56 billion current US$ | -7.8% |
| 2016 | 241.92 billion current US$ | -15.6% |
| 2017 | 209.68 billion current US$ | -13.3% |
| 2018 | 219.38 billion current US$ | +4.6% |
| 2019 | 353.47 billion current US$ | +61.1% |
| 2020 | 313.58 billion current US$ | -11.3% |
| 2021 | 312.56 billion current US$ | -0.3% |
| 2022 | 331.08 billion current US$ | +5.9% |
| 2023 | 252.05 billion current US$ | -23.9% |
| 2024 | 135.54 billion current US$ | -46.2% |
| 2025 | 169.34 billion current US$ | +24.9% |
Nigeria compared with similar countries
- Nigeria's 169.34 billion current US$ is above the median for lower middle income countries, which is 12.93 billion current US$, 13.1× the median. (47 countries reporting)
- Nigeria's 169.34 billion current US$ is above the median for Sub-Saharan Africa, which is 9.23 billion current US$, 18.3× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 40.14 billion current US$ | 18.63 billion current US$ | 78.16 billion current US$ | 9 |
| 1990s | 43.59 billion current US$ | 21.34 billion current US$ | 92.57 billion current US$ | 10 |
| 2000s | 85.10 billion current US$ | 30.30 billion current US$ | 166.26 billion current US$ | 10 |
| 2010s | 251.76 billion current US$ | 186.39 billion current US$ | 353.47 billion current US$ | 10 |
| 2020s | 252.36 billion current US$ | 135.54 billion current US$ | 331.08 billion current US$ | 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Nigeria?
- Services, value added in Nigeria was 169.34 billion current US$ 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 353.47 billion current US$ in 2019.
- What is the lowest services, value added recorded in Nigeria?
- The lowest recorded value was 18.63 billion current US$ in 1989.
- How does Nigeria rank for services, value added?
- Nigeria ranks 51st out of 206 countries with data for 2025.
- Is services, value added rising or falling in Nigeria?
- Over the last ten years it is down 40.9%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.