Taxes less subsidies on products (current US$), annual growth rate in Nigeria
Nigeria: Taxes less subsidies on products (current US$), annual growth rate was 22.87 % change on previous year in 2025. ◆ Volatile
Taxes less subsidies on products (current US$), annual growth rate in Nigeria, 1982–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes less subsidies on products (current us$), annual growth rate in Nigeria is 22.87 % change on previous year, measured in 2025.
Compared with earlier readings it is up 210.2% on the previous year and up 198.6% over ten years.
Over the whole period, taxes less subsidies on products (current us$), annual growth rate in Nigeria peaked at 122.16 % change on previous year in 2020 and was at its lowest, -72.62 % change on previous year, in 1999.
Nigeria ranks 21st of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1982 | -13.09 % change on previous year | — |
| 1983 | -32.39 % change on previous year | +147.4% |
| 1984 | -23.97 % change on previous year | -26.0% |
| 1985 | -0.0579 % change on previous year | -99.8% |
| 1986 | -25.76 % change on previous year | +44366.7% |
| 1987 | -3.67 % change on previous year | -85.8% |
| 1988 | -5.94 % change on previous year | +61.8% |
| 1989 | -11.36 % change on previous year | +91.4% |
| 1990 | 22.73 % change on previous year | -300.0% |
| 1991 | 10.01 % change on previous year | -56.0% |
| 1992 | -12.64 % change on previous year | -226.2% |
| 1993 | 9.04 % change on previous year | -171.6% |
| 1994 | 42.55 % change on previous year | +370.5% |
| 1995 | 75.9 % change on previous year | +78.4% |
| 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 | -72.62 % change on previous year | -857.6% |
| 2000 | 17.18 % change on previous year | -123.7% |
| 2001 | 6.82 % change on previous year | -60.3% |
| 2002 | 29 % change on previous year | +325.3% |
| 2003 | 10.28 % change on previous year | -64.5% |
| 2004 | 29.55 % change on previous year | +187.4% |
| 2005 | 29.45 % change on previous year | -0.4% |
| 2006 | 35.69 % change on previous year | +21.2% |
| 2007 | 17.35 % change on previous year | -51.4% |
| 2008 | 22.04 % change on previous year | +27.0% |
| 2009 | -12.9 % change on previous year | -158.5% |
| 2010 | 89 % change on previous year | -789.9% |
| 2011 | -16.46 % change on previous year | -118.5% |
| 2012 | 18.04 % change on previous year | -209.6% |
| 2013 | 3.7 % change on previous year | -79.5% |
| 2014 | 18.25 % change on previous year | +392.7% |
| 2015 | -23.19 % change on previous year | -227.1% |
| 2016 | -19.93 % change on previous year | -14.1% |
| 2017 | -9.34 % change on previous year | -53.1% |
| 2018 | 13.57 % change on previous year | -245.3% |
| 2019 | -44.86 % change on previous year | -430.6% |
| 2020 | 122.16 % change on previous year | -372.3% |
| 2021 | 18.07 % change on previous year | -85.2% |
| 2022 | 12.02 % change on previous year | -33.5% |
| 2023 | -1.98 % change on previous year | -116.4% |
| 2024 | -20.76 % change on previous year | +949.9% |
| 2025 | 22.87 % change on previous year | -210.2% |
Nigeria compared with similar countries
- Nigeria's 22.87 % change on previous year is above the median for lower middle income countries, which is 10.33 % change on previous year, 2.2× the median. (46 countries reporting)
- Nigeria's 22.87 % change on previous year is above the median for Sub-Saharan Africa, which is 11.43 % change on previous year, 2.0× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$), annual growth rate in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1986 | -44366.7% | -0.0579 % change on previous year | -25.76 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -14.53 % change on previous year | -32.39 % change on previous year | -0.0579 % change on previous year | 8 |
| 1990s | 12.54 % change on previous year | -72.62 % change on previous year | 75.9 % change on previous year | 10 |
| 2000s | 18.45 % change on previous year | -12.9 % change on previous year | 35.69 % change on previous year | 10 |
| 2010s | 2.88 % change on previous year | -44.86 % change on previous year | 89 % change on previous year | 10 |
| 2020s | 25.4 % change on previous year | -20.76 % change on previous year | 122.16 % change on previous year | 6 |
Countries ranked near Nigeria
- 18 Pakistan 24.35 % change on previous year compare
- 19 Guinea-Bissau 23.9 % change on previous year compare
- 20 Russia 22.88 % change on previous year compare
- 22 Brunei 22.61 % change on previous year compare
- 23 Burundi 22.52 % change on previous year compare
- 24 Malta 22.49 % change on previous year compare
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ 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 (current us$), annual growth rate in Nigeria?
- Taxes less subsidies on products (current us$), annual growth rate in Nigeria was 22.87 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), annual growth rate recorded in Nigeria?
- The highest recorded value was 122.16 % change on previous year in 2020.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in Nigeria?
- The lowest recorded value was -72.62 % change on previous year in 1999.
- How does Nigeria rank for taxes less subsidies on products (current us$), annual growth rate?
- Nigeria ranks 21st out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in Nigeria?
- Over the last ten years it is up 198.6%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current US$). 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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.