Taxes less subsidies on products in Nigeria
Nigeria: Taxes less subsidies on products was 10.36 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
10.36 trillion current LCU
Change on year
up 26.2%
World rank
19th
of 197 countries
All-time high
10.36 trillion current LCU
in 2025
All-time low
1.38 billion current LCU
in 1981
Years of data
45
1981–2025
Taxes less subsidies on products in Nigeria, 1981–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for taxes less subsidies on products in Nigeria is 10.36 trillion current LCU, measured in 2025. That is the highest value across all 45 years on record.
Compared with earlier readings it is up 26.2% on the previous year and up 902.7% over ten years.
Over the whole period, taxes less subsidies on products in Nigeria peaked at 10.36 trillion current LCU in 2025 and was at its lowest, 1.38 billion current LCU, in 1981.
Nigeria ranks 19th of 197 countries on this measure, 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 | current LCU | Change |
|---|---|---|
| 1981 | 1.38 billion current LCU | — |
| 1982 | 1.48 billion current LCU | +7.1% |
| 1983 | 1.57 billion current LCU | +5.9% |
| 1984 | 1.64 billion current LCU | +5.0% |
| 1985 | 1.85 billion current LCU | +12.8% |
| 1986 | 1.95 billion current LCU | +5.4% |
| 1987 | 2.42 billion current LCU | +23.8% |
| 1988 | 3.11 billion current LCU | +28.7% |
| 1989 | 4.09 billion current LCU | +31.5% |
| 1990 | 4.88 billion current LCU | +19.2% |
| 1991 | 5.81 billion current LCU | +19.1% |
| 1992 | 8.91 billion current LCU | +53.4% |
| 1993 | 12.38 billion current LCU | +38.9% |
| 1994 | 17.51 billion current LCU | +41.5% |
| 1995 | 30.80 billion current LCU | +75.9% |
| 1996 | 40.74 billion current LCU | +32.3% |
| 1997 | 44.21 billion current LCU | +8.5% |
| 1998 | 48.45 billion current LCU | +9.6% |
| 1999 | 55.88 billion current LCU | +15.3% |
| 2000 | 72.13 billion current LCU | +29.1% |
| 2001 | 84.48 billion current LCU | +17.1% |
| 2002 | 117.79 billion current LCU | +39.4% |
| 2003 | 138.96 billion current LCU | +18.0% |
| 2004 | 185.68 billion current LCU | +33.6% |
| 2005 | 236.98 billion current LCU | +27.6% |
| 2006 | 311.22 billion current LCU | +31.3% |
| 2007 | 357.28 billion current LCU | +14.8% |
| 2008 | 411.78 billion current LCU | +15.3% |
| 2009 | 448.95 billion current LCU | +9.0% |
| 2010 | 857.09 billion current LCU | +90.9% |
| 2011 | 732.96 billion current LCU | -14.5% |
| 2012 | 885.70 billion current LCU | +20.8% |
| 2013 | 917.40 billion current LCU | +3.6% |
| 2014 | 1.09 trillion current LCU | +19.2% |
| 2015 | 1.03 trillion current LCU | -5.5% |
| 2016 | 1.09 trillion current LCU | +5.1% |
| 2017 | 1.19 trillion current LCU | +9.4% |
| 2018 | 1.35 trillion current LCU | +13.7% |
| 2019 | 746.42 billion current LCU | -44.7% |
| 2020 | 1.93 trillion current LCU | +158.3% |
| 2021 | 2.55 trillion current LCU | +32.1% |
| 2022 | 3.03 trillion current LCU | +18.9% |
| 2023 | 4.51 trillion current LCU | +49.0% |
| 2024 | 8.20 trillion current LCU | +81.8% |
| 2025 | 10.36 trillion current LCU | +26.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.17 billion current LCU | 1.38 billion current LCU | 4.09 billion current LCU | 9 |
| 1990s | 26.96 billion current LCU | 4.88 billion current LCU | 55.88 billion current LCU | 10 |
| 2000s | 236.53 billion current LCU | 72.13 billion current LCU | 448.95 billion current LCU | 10 |
| 2010s | 988.93 billion current LCU | 732.96 billion current LCU | 1.35 trillion current LCU | 10 |
| 2020s | 5.10 trillion current LCU | 1.93 trillion current LCU | 10.36 trillion current LCU | 6 |
Countries ranked near Nigeria
- 16 Uganda 17.10 trillion current LCU compare
- 17 Hungary 12.46 trillion current LCU compare
- 18 Cambodia 11.88 trillion current LCU compare
- 20 Kazakhstan 9.90 trillion current LCU compare
- 21 Congo, Democratic Republic of the 9.51 trillion current LCU compare
- 22 Mongolia 8.52 trillion current LCU 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)
- Services, value added (constant LCU), per capita 519,194 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 13.86 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 15.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9765 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,196 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 18.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,483 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.82 million current LCU per person (2025)
Frequently asked questions
- What is taxes less subsidies on products in Nigeria?
- Taxes less subsidies on products in Nigeria was 10.36 trillion current 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 10.36 trillion current LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in Nigeria?
- The lowest recorded value was 1.38 billion current LCU in 1981.
- How does Nigeria rank for taxes less subsidies on products?
- Nigeria ranks 19th out of 197 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Nigeria?
- Over the last ten years it is up 902.7%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.