Taxes less subsidies on products in Nigeria
Nigeria: Taxes less subsidies on products was 4.97 trillion constant LCU in 2025. ◆ Volatile
Taxes less subsidies on products in Nigeria, 2012–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for taxes less subsidies on products in Nigeria is 4.97 trillion constant LCU, measured in 2025. That is the highest value across all 14 years on record.
The figure is up 10.6% on the previous year and up 521.2% over ten years.
Over the whole period, taxes less subsidies on products in Nigeria peaked at 4.97 trillion constant LCU in 2025 and was at its lowest, 14.69 billion constant LCU, in 2012.
That places Nigeria 16th out of 187 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.
Taxes less subsidies on products in Nigeria, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2012 | 14.69 billion constant LCU | — |
| 2013 | 765.29 billion constant LCU | +5109.2% |
| 2014 | 871.55 billion constant LCU | +13.9% |
| 2015 | 799.78 billion constant LCU | -8.2% |
| 2016 | 762.19 billion constant LCU | -4.7% |
| 2017 | 755.34 billion constant LCU | -0.9% |
| 2018 | 778.27 billion constant LCU | +3.0% |
| 2019 | 746.42 billion constant LCU | -4.1% |
| 2020 | 1.90 trillion constant LCU | +154.1% |
| 2021 | 2.23 trillion constant LCU | +17.5% |
| 2022 | 2.32 trillion constant LCU | +4.2% |
| 2023 | 2.97 trillion constant LCU | +27.8% |
| 2024 | 4.49 trillion constant LCU | +51.4% |
| 2025 | 4.97 trillion constant LCU | +10.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 686.69 billion constant LCU | 14.69 billion constant LCU | 871.55 billion constant LCU | 8 |
| 2020s | 3.15 trillion constant LCU | 1.90 trillion constant LCU | 4.97 trillion constant 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)
- Manufacturing, value added (constant LCU), per capita 75,054 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 4.17 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1644 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 201.31 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 7.02 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 249.67 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 305,664 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 4.57 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products in Nigeria?
- Taxes less subsidies on products in Nigeria was 4.97 trillion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Nigeria?
- The highest recorded value was 4.97 trillion constant LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in Nigeria?
- The lowest recorded value was 14.69 billion constant LCU in 2012.
- How does Nigeria rank for taxes less subsidies on products?
- Nigeria ranks 16th out of 187 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Nigeria?
- Over the last ten years it is up 521.2%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.