Taxes less subsidies on products (constant LCU), per unit of GDP in Nigeria
Nigeria: Taxes less subsidies on products (constant LCU), per unit of GDP was 17.08 constant LCU per US$ of GDP in 2025. ◆ Volatile
Taxes less subsidies on products (constant LCU), per unit of GDP in Nigeria, 2012–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Nigeria recorded 17.08 constant LCU per US$ of GDP for taxes less subsidies on products (constant lcu), per unit of gdp in 2025.
Compared with earlier readings it is down 4.1% on the previous year and up 953.2% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Nigeria peaked at 17.81 constant LCU per US$ of GDP in 2024 and was at its lowest, 0.0317 constant LCU per US$ of GDP, in 2012.
Nigeria ranks 37th of 189 countries on this measure, 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), per unit of GDP in Nigeria, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2012 | 0.0317 constant LCU per US$ of GDP | — |
| 2013 | 1.47 constant LCU per US$ of GDP | +4546.9% |
| 2014 | 1.52 constant LCU per US$ of GDP | +3.2% |
| 2015 | 1.62 constant LCU per US$ of GDP | +6.9% |
| 2016 | 1.88 constant LCU per US$ of GDP | +16.1% |
| 2017 | 2.01 constant LCU per US$ of GDP | +6.7% |
| 2018 | 1.85 constant LCU per US$ of GDP | -8.2% |
| 2019 | 1.12 constant LCU per US$ of GDP | -39.5% |
| 2020 | 3.17 constant LCU per US$ of GDP | +183.7% |
| 2021 | 3.66 constant LCU per US$ of GDP | +15.5% |
| 2022 | 3.59 constant LCU per US$ of GDP | -1.9% |
| 2023 | 6.09 constant LCU per US$ of GDP | +69.6% |
| 2024 | 17.81 constant LCU per US$ of GDP | +192.6% |
| 2025 | 17.08 constant LCU per US$ of GDP | -4.1% |
Nigeria compared with similar countries
- Nigeria's 17.08 constant LCU per US$ of GDP is above the median for lower middle income countries, which is 1.91 constant LCU per US$ of GDP, 8.9× the median. (46 countries reporting)
- Nigeria's 17.08 constant LCU per US$ of GDP is above the median for Sub-Saharan Africa, which is 14.8 constant LCU per US$ of GDP, 1.2× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (constant LCU), per unit of GDP in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +4546.9% | 0.0317 constant LCU per US$ of GDP | 1.47 constant LCU per US$ of GDP |
| 2024 | +192.6% | 6.09 constant LCU per US$ of GDP | 17.81 constant LCU per US$ of GDP |
| 2020 | +183.7% | 1.12 constant LCU per US$ of GDP | 3.17 constant LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.44 constant LCU per US$ of GDP | 0.0317 constant LCU per US$ of GDP | 2.01 constant LCU per US$ of GDP | 8 |
| 2020s | 8.57 constant LCU per US$ of GDP | 3.17 constant LCU per US$ of GDP | 17.81 constant LCU per US$ of GDP | 6 |
Countries ranked near Nigeria
- 34 Comoros 18.63 constant LCU per US$ of GDP compare
- 35 Chad 18.59 constant LCU per US$ of GDP compare
- 36 Congo 17.29 constant LCU per US$ of GDP compare
- 38 Cape Verde 15.95 constant LCU per US$ of GDP compare
- 39 Democratic Republic of Congo 13.64 constant LCU per US$ of GDP compare
- 40 Jamaica 13.55 constant LCU per US$ of GDP 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Nigeria?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Nigeria was 17.08 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Nigeria?
- The highest recorded value was 17.81 constant LCU per US$ of GDP in 2024.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Nigeria?
- The lowest recorded value was 0.0317 constant LCU per US$ of GDP in 2012.
- How does Nigeria rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Nigeria ranks 37th out of 189 countries with data for 2025.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 953.2%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.