Taxes less subsidies on products (current LCU) in Nigeria
Nigeria: Taxes less subsidies on products (current LCU) was 10.36 trillion current LCU in 2025. ◆ Volatile
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 199 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 (current LCU) 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% |
Nigeria compared with similar countries
- Nigeria's 10.36 trillion current LCU is above the median for lower middle income countries, which is 101.04 billion current LCU, 102.5× the median. (46 countries reporting)
- Nigeria's 10.36 trillion current LCU is above the median for Sub-Saharan Africa, which is 327.21 billion current LCU, 31.6× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU) 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 |
|---|---|---|---|
| 2020 | +158.3% | 746.42 billion current LCU | 1.93 trillion current LCU |
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
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)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0107 units per US$ of GDP (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 199 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.