Share of household consumption in GDP vs. GDP per capita in Nigeria
Nigeria: Share of household consumption in GDP vs. GDP per capita was 61.3% in 2023. ◆ Volatile
Latest (2023)
61.3%
Change on year
down 7.1%
World rank
93rd
of 184 countries
All-time high
84.2%
in 2016
All-time low
8.5%
in 1980
Years of data
58
1950–2023
Share of household consumption in GDP vs. GDP per capita in Nigeria, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
In 2023, share of household consumption in gdp vs. gdp per capita in Nigeria stood at 61.3%.
The figure is down 7.1% on the previous year and down 17.9% over ten years.
Over the whole period, share of household consumption in gdp vs. gdp per capita in Nigeria peaked at 84.2% in 2016 and was at its lowest, 8.5%, in 1980.
Nigeria ranks 93rd of 184 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.
Share of household consumption in GDP vs. GDP per capita in Nigeria, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1950 | 21.3% | — |
| 1951 | 22.4% | +5.2% |
| 1952 | 23.9% | +7.0% |
| 1953 | 23.7% | -1.0% |
| 1954 | 23.2% | -2.1% |
| 1955 | 24.8% | +6.7% |
| 1956 | 25.3% | +2.1% |
| 1957 | 26.1% | +3.1% |
| 1958 | 26.5% | +1.7% |
| 1959 | 25.0% | -5.7% |
| 1960 | 28.5% | +13.9% |
| 1961 | 25.2% | -11.3% |
| 1962 | 24.6% | -2.4% |
| 1963 | 25.1% | +1.7% |
| 1964 | 26.0% | +3.7% |
| 1965 | 21.1% | -19.0% |
| 1966 | 19.7% | -6.6% |
| 1967 | 19.6% | -0.6% |
| 1968 | 19.8% | +1.1% |
| 1969 | 17.9% | -9.7% |
| 1970 | 15.5% | -13.2% |
| 1971 | 15.8% | +1.6% |
| 1972 | 15.6% | -1.2% |
| 1973 | 13.3% | -14.5% |
| 1974 | 13.3% | +0.1% |
| 1975 | 12.9% | -3.4% |
| 1976 | 12.6% | -2.2% |
| 1977 | 12.5% | -0.9% |
| 1978 | 12.4% | -0.5% |
| 1979 | 10.1% | -18.6% |
| 1980 | 8.5% | -15.8% |
| 1981 | 12.1% | +42.6% |
| 1982 | 14.9% | +22.9% |
| 1999 | 43.4% | +191.7% |
| 2000 | 35.5% | -18.2% |
| 2001 | 62.0% | +74.5% |
| 2002 | 63.2% | +1.9% |
| 2003 | 65.0% | +2.8% |
| 2004 | 62.2% | -4.2% |
| 2005 | 62.2% | +0.0% |
| 2006 | 49.2% | -21.0% |
| 2007 | 64.1% | +30.5% |
| 2008 | 56.3% | -12.3% |
| 2009 | 69.2% | +23.0% |
| 2010 | 65.0% | -6.1% |
| 2011 | 64.9% | -0.1% |
| 2012 | 60.4% | -6.9% |
| 2013 | 74.6% | +23.4% |
| 2014 | 73.7% | -1.2% |
| 2015 | 80.2% | +8.8% |
| 2016 | 84.2% | +5.0% |
| 2017 | 83.7% | -0.6% |
| 2018 | 80.1% | -4.2% |
| 2019 | 76.8% | -4.1% |
| 2020 | 70.2% | -8.6% |
| 2021 | 66.9% | -4.6% |
| 2022 | 65.9% | -1.5% |
| 2023 | 61.3% | -7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 24.2% | 21.3% | 26.5% | 10 |
| 1960s | 22.7% | 17.9% | 28.5% | 10 |
| 1970s | 13.4% | 10.1% | 15.8% | 10 |
| 1980s | 11.8% | 8.5% | 14.9% | 3 |
| 1990s | 43.4% | 43.4% | 43.4% | 1 |
| 2000s | 58.9% | 35.5% | 69.2% | 10 |
| 2010s | 74.4% | 60.4% | 84.2% | 10 |
| 2020s | 66.1% | 61.3% | 70.2% | 4 |
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 share of household consumption in gdp vs. gdp per capita in Nigeria?
- Share of household consumption in gdp vs. gdp per capita in Nigeria was 61.3% in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest share of household consumption in gdp vs. gdp per capita recorded in Nigeria?
- The highest recorded value was 84.2% in 2016.
- What is the lowest share of household consumption in gdp vs. gdp per capita recorded in Nigeria?
- The lowest recorded value was 8.5% in 1980.
- How does Nigeria rank for share of household consumption in gdp vs. gdp per capita?
- Nigeria ranks 93rd out of 184 countries with data for 2023.
- Is share of household consumption in gdp vs. gdp per capita rising or falling in Nigeria?
- Over the last ten years it is down 17.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Share of household consumption in GDP vs. GDP per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 58 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Household consumption divided by gross domestic product, expressed as a percentage.