Taxes less subsidies on products (current LCU), per unit of GDP in Nigeria
Nigeria: Taxes less subsidies on products (current LCU), per unit of GDP was 35.61 current LCU per US$ of GDP in 2025. ◆ Volatile
Taxes less subsidies on products (current LCU), per unit of GDP in Nigeria, 1981–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2025, taxes less subsidies on products (current lcu), per unit of gdp in Nigeria stood at 35.61 current LCU per US$ of GDP. That is the highest value across all 45 years on record.
The figure is up 9.5% on the previous year and up 1,600.0% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Nigeria peaked at 35.61 current LCU per US$ of GDP in 2025 and was at its lowest, 0.0084 current LCU per US$ of GDP, in 1981.
That places Nigeria 34th out of 197 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 (current LCU), per unit of GDP in Nigeria, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1981 | 0.0084 current LCU per US$ of GDP | — |
| 1982 | 0.0104 current LCU per US$ of GDP | +23.4% |
| 1983 | 0.0161 current LCU per US$ of GDP | +55.7% |
| 1984 | 0.0224 current LCU per US$ of GDP | +38.7% |
| 1985 | 0.0251 current LCU per US$ of GDP | +12.4% |
| 1986 | 0.0357 current LCU per US$ of GDP | +41.8% |
| 1987 | 0.0459 current LCU per US$ of GDP | +28.8% |
| 1988 | 0.0627 current LCU per US$ of GDP | +36.6% |
| 1989 | 0.093 current LCU per US$ of GDP | +48.3% |
| 1990 | 0.0903 current LCU per US$ of GDP | -3.0% |
| 1991 | 0.0976 current LCU per US$ of GDP | +8.1% |
| 1992 | 0.1712 current LCU per US$ of GDP | +75.4% |
| 1993 | 0.2182 current LCU per US$ of GDP | +27.5% |
| 1994 | 0.2178 current LCU per US$ of GDP | -0.2% |
| 1995 | 0.2186 current LCU per US$ of GDP | +0.4% |
| 1996 | 0.2194 current LCU per US$ of GDP | +0.4% |
| 1997 | 0.2201 current LCU per US$ of GDP | +0.3% |
| 1998 | 0.2218 current LCU per US$ of GDP | +0.8% |
| 1999 | 0.9449 current LCU per US$ of GDP | +325.9% |
| 2000 | 1.04 current LCU per US$ of GDP | +10.4% |
| 2001 | 1.15 current LCU per US$ of GDP | +10.1% |
| 2002 | 1.24 current LCU per US$ of GDP | +7.9% |
| 2003 | 1.33 current LCU per US$ of GDP | +7.1% |
| 2004 | 1.37 current LCU per US$ of GDP | +3.1% |
| 2005 | 1.35 current LCU per US$ of GDP | -1.4% |
| 2006 | 1.31 current LCU per US$ of GDP | -3.3% |
| 2007 | 1.28 current LCU per US$ of GDP | -1.6% |
| 2008 | 1.21 current LCU per US$ of GDP | -5.5% |
| 2009 | 1.52 current LCU per US$ of GDP | +25.5% |
| 2010 | 2.34 current LCU per US$ of GDP | +53.5% |
| 2011 | 1.77 current LCU per US$ of GDP | -24.3% |
| 2012 | 1.91 current LCU per US$ of GDP | +7.9% |
| 2013 | 1.76 current LCU per US$ of GDP | -7.6% |
| 2014 | 1.9 current LCU per US$ of GDP | +8.0% |
| 2015 | 2.09 current LCU per US$ of GDP | +10.0% |
| 2016 | 2.68 current LCU per US$ of GDP | +28.1% |
| 2017 | 3.16 current LCU per US$ of GDP | +17.8% |
| 2018 | 3.2 current LCU per US$ of GDP | +1.3% |
| 2019 | 1.12 current LCU per US$ of GDP | -65.1% |
| 2020 | 3.22 current LCU per US$ of GDP | +188.4% |
| 2021 | 4.18 current LCU per US$ of GDP | +29.8% |
| 2022 | 4.68 current LCU per US$ of GDP | +11.9% |
| 2023 | 9.26 current LCU per US$ of GDP | +97.8% |
| 2024 | 32.52 current LCU per US$ of GDP | +251.2% |
| 2025 | 35.61 current LCU per US$ of GDP | +9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0355 current LCU per US$ of GDP | 0.0084 current LCU per US$ of GDP | 0.093 current LCU per US$ of GDP | 9 |
| 1990s | 0.262 current LCU per US$ of GDP | 0.0903 current LCU per US$ of GDP | 0.9449 current LCU per US$ of GDP | 10 |
| 2000s | 1.28 current LCU per US$ of GDP | 1.04 current LCU per US$ of GDP | 1.52 current LCU per US$ of GDP | 10 |
| 2010s | 2.19 current LCU per US$ of GDP | 1.12 current LCU per US$ of GDP | 3.2 current LCU per US$ of GDP | 10 |
| 2020s | 14.91 current LCU per US$ of GDP | 3.22 current LCU per US$ of GDP | 35.61 current LCU per US$ of GDP | 6 |
Countries ranked near Nigeria
- 31 Armenia 41.2 current LCU per US$ of GDP compare
- 32 Mali 41.11 current LCU per US$ of GDP compare
- 33 Costa Rica 37.92 current LCU per US$ of GDP compare
- 35 Sri Lanka 34.81 current LCU per US$ of GDP compare
- 36 Kazakhstan 32.34 current LCU per US$ of GDP compare
- 37 Congo 31.42 current 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per unit of gdp in Nigeria?
- Taxes less subsidies on products (current lcu), per unit of gdp in Nigeria was 35.61 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Nigeria?
- The highest recorded value was 35.61 current LCU per US$ of GDP in 2025.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Nigeria?
- The lowest recorded value was 0.0084 current LCU per US$ of GDP in 1981.
- How does Nigeria rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Nigeria ranks 34th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 1,600.0%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
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 (current 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.