Taxes less subsidies on products (current LCU), annual growth rate in Nigeria
Nigeria: Taxes less subsidies on products (current LCU), annual growth rate was 26.23 % change on previous year in 2025. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in Nigeria, 1982–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded 26.23 % change on previous year for taxes less subsidies on products (current lcu), annual growth rate in 2025.
The figure is down 67.9% on the previous year and up 573.3% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in Nigeria peaked at 158.33 % change on previous year in 2020 and was at its lowest, -44.71 % change on previous year, in 2019.
Nigeria ranks 24th of 197 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 (current LCU), annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1982 | 7.12 % change on previous year | — |
| 1983 | 5.88 % change on previous year | -17.4% |
| 1984 | 4.96 % change on previous year | -15.7% |
| 1985 | 12.78 % change on previous year | +157.8% |
| 1986 | 5.37 % change on previous year | -58.0% |
| 1987 | 23.78 % change on previous year | +342.6% |
| 1988 | 28.73 % change on previous year | +20.8% |
| 1989 | 31.45 % change on previous year | +9.5% |
| 1990 | 19.16 % change on previous year | -39.1% |
| 1991 | 19.12 % change on previous year | -0.2% |
| 1992 | 53.39 % change on previous year | +179.2% |
| 1993 | 38.87 % change on previous year | -27.2% |
| 1994 | 41.5 % change on previous year | +6.8% |
| 1995 | 75.9 % change on previous year | +82.9% |
| 1996 | 32.27 % change on previous year | -57.5% |
| 1997 | 8.51 % change on previous year | -73.6% |
| 1998 | 9.59 % change on previous year | +12.6% |
| 1999 | 15.34 % change on previous year | +60.0% |
| 2000 | 29.07 % change on previous year | +89.5% |
| 2001 | 17.12 % change on previous year | -41.1% |
| 2002 | 39.44 % change on previous year | +130.4% |
| 2003 | 17.97 % change on previous year | -54.4% |
| 2004 | 33.62 % change on previous year | +87.1% |
| 2005 | 27.63 % change on previous year | -17.8% |
| 2006 | 31.32 % change on previous year | +13.4% |
| 2007 | 14.8 % change on previous year | -52.7% |
| 2008 | 15.26 % change on previous year | +3.1% |
| 2009 | 9.03 % change on previous year | -40.8% |
| 2010 | 90.91 % change on previous year | +907.2% |
| 2011 | -14.48 % change on previous year | -115.9% |
| 2012 | 20.84 % change on previous year | -243.9% |
| 2013 | 3.58 % change on previous year | -82.8% |
| 2014 | 19.18 % change on previous year | +435.8% |
| 2015 | -5.54 % change on previous year | -128.9% |
| 2016 | 5.15 % change on previous year | -192.9% |
| 2017 | 9.36 % change on previous year | +82.0% |
| 2018 | 13.68 % change on previous year | +46.1% |
| 2019 | -44.71 % change on previous year | -426.9% |
| 2020 | 158.33 % change on previous year | -454.1% |
| 2021 | 32.13 % change on previous year | -79.7% |
| 2022 | 18.88 % change on previous year | -41.2% |
| 2023 | 48.99 % change on previous year | +159.4% |
| 2024 | 81.77 % change on previous year | +66.9% |
| 2025 | 26.23 % change on previous year | -67.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.01 % change on previous year | 4.96 % change on previous year | 31.45 % change on previous year | 8 |
| 1990s | 31.37 % change on previous year | 8.51 % change on previous year | 75.9 % change on previous year | 10 |
| 2000s | 23.53 % change on previous year | 9.03 % change on previous year | 39.44 % change on previous year | 10 |
| 2010s | 9.8 % change on previous year | -44.71 % change on previous year | 90.91 % change on previous year | 10 |
| 2020s | 61.06 % change on previous year | 18.88 % change on previous year | 158.33 % change on previous year | 6 |
Countries ranked near Nigeria
- 21 Trinidad and Tobago 27.74 % change on previous year compare
- 22 Haiti 27.47 % change on previous year compare
- 23 Rwanda 26.44 % change on previous year compare
- 25 Sierra Leone 25.21 % change on previous year compare
- 26 Kyrgyzstan 24.81 % change on previous year compare
- 27 Brunei Darussalam 24.26 % 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)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.18 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 348.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 427,154 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.4555 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 557.59 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 209.92 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), annual growth rate in Nigeria?
- Taxes less subsidies on products (current lcu), annual growth rate in Nigeria was 26.23 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in Nigeria?
- The highest recorded value was 158.33 % change on previous year in 2020.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in Nigeria?
- The lowest recorded value was -44.71 % change on previous year in 2019.
- How does Nigeria rank for taxes less subsidies on products (current lcu), annual growth rate?
- Nigeria ranks 24th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in Nigeria?
- Over the last ten years it is up 573.3%. 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 (current 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 (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.