Taxes less subsidies on products (constant LCU), annual growth rate in Nigeria
Nigeria: Taxes less subsidies on products (constant LCU), annual growth rate was 10.58 % change on previous year in 2025. ◆ Volatile
Taxes less subsidies on products (constant LCU), annual growth rate in Nigeria, 2014–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, taxes less subsidies on products (constant lcu), annual growth rate in Nigeria stood at 10.58 % change on previous year.
Compared with earlier readings it is down 79.4% on the previous year and up 228.5% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), annual growth rate in Nigeria peaked at 154.11 % change on previous year in 2020 and was at its lowest, -8.23 % change on previous year, in 2015.
That places Nigeria 24th out of 188 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.
Taxes less subsidies on products (constant LCU), annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2014 | 13.89 % change on previous year | — |
| 2015 | -8.23 % change on previous year | -159.3% |
| 2016 | -4.7 % change on previous year | -42.9% |
| 2017 | -0.899 % change on previous year | -80.9% |
| 2018 | 3.04 % change on previous year | -437.7% |
| 2019 | -4.09 % change on previous year | -234.8% |
| 2020 | 154.11 % change on previous year | -3865.3% |
| 2021 | 17.53 % change on previous year | -88.6% |
| 2022 | 4.17 % change on previous year | -76.2% |
| 2023 | 27.78 % change on previous year | +566.3% |
| 2024 | 51.42 % change on previous year | +85.1% |
| 2025 | 10.58 % change on previous year | -79.4% |
Nigeria compared with similar countries
- Nigeria's 10.58 % change on previous year is above the median for lower middle income countries, which is 4.35 % change on previous year, 2.4× the median. (46 countries reporting)
- Nigeria's 10.58 % change on previous year is above the median for Sub-Saharan Africa, which is 4.62 % change on previous year, 2.3× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -0.1676 % change on previous year | -8.23 % change on previous year | 13.89 % change on previous year | 6 |
| 2020s | 44.26 % change on previous year | 4.17 % change on previous year | 154.11 % change on previous year | 6 |
Countries ranked near Nigeria
- 21 Kyrgyzstan 12.1 % change on previous year compare
- 22 Poland 12 % change on previous year compare
- 23 Maldives 11.8 % change on previous year compare
- 25 Armenia 10.4 % change on previous year compare
- 26 Montenegro 9.8 % change on previous year compare
- 27 Nepal 9.77 % change on previous year 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 taxes less subsidies on products (constant lcu), annual growth rate in Nigeria?
- Taxes less subsidies on products (constant lcu), annual growth rate in Nigeria was 10.58 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), annual growth rate recorded in Nigeria?
- The highest recorded value was 154.11 % change on previous year in 2020.
- What is the lowest taxes less subsidies on products (constant lcu), annual growth rate recorded in Nigeria?
- The lowest recorded value was -8.23 % change on previous year in 2015.
- How does Nigeria rank for taxes less subsidies on products (constant lcu), annual growth rate?
- Nigeria ranks 24th out of 188 countries with data for 2025.
- Is taxes less subsidies on products (constant lcu), annual growth rate rising or falling in Nigeria?
- Over the last ten years it is up 228.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.