Taxes less subsidies on products in Nigeria
Nigeria: Taxes less subsidies on products was 6.82 billion current US$ in 2025. ◆ Volatile
Latest (2025)
6.82 billion current US$
Change on year
up 22.9%
World rank
72nd
of 197 countries
All-time high
7.15 billion current US$
in 2022
All-time low
434.11 million current US$
in 1989
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 US$.
Analysis
In 2025, taxes less subsidies on products in Nigeria stood at 6.82 billion current US$.
That represents a change of up 22.9% on the previous year and up 27.5% over ten years.
Over the whole period, taxes less subsidies on products in Nigeria peaked at 7.15 billion current US$ in 2022 and was at its lowest, 434.11 million current US$, in 1989.
That places Nigeria 72nd out of 197 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1981 | 1.63 billion current US$ | — |
| 1982 | 1.42 billion current US$ | -13.1% |
| 1983 | 958.11 million current US$ | -32.4% |
| 1984 | 728.48 million current US$ | -24.0% |
| 1985 | 728.06 million current US$ | -0.1% |
| 1986 | 540.52 million current US$ | -25.8% |
| 1987 | 520.68 million current US$ | -3.7% |
| 1988 | 489.77 million current US$ | -5.9% |
| 1989 | 434.11 million current US$ | -11.4% |
| 1990 | 532.79 million current US$ | +22.7% |
| 1991 | 586.12 million current US$ | +10.0% |
| 1992 | 512.06 million current US$ | -12.6% |
| 1993 | 558.38 million current US$ | +9.0% |
| 1994 | 795.98 million current US$ | +42.6% |
| 1995 | 1.40 billion current US$ | +75.9% |
| 1996 | 1.85 billion current US$ | +32.3% |
| 1997 | 2.01 billion current US$ | +8.5% |
| 1998 | 2.20 billion current US$ | +9.6% |
| 1999 | 602.89 million current US$ | -72.6% |
| 2000 | 706.45 million current US$ | +17.2% |
| 2001 | 754.63 million current US$ | +6.8% |
| 2002 | 973.49 million current US$ | +29.0% |
| 2003 | 1.07 billion current US$ | +10.3% |
| 2004 | 1.39 billion current US$ | +29.6% |
| 2005 | 1.80 billion current US$ | +29.4% |
| 2006 | 2.44 billion current US$ | +35.7% |
| 2007 | 2.87 billion current US$ | +17.3% |
| 2008 | 3.50 billion current US$ | +22.0% |
| 2009 | 3.05 billion current US$ | -12.9% |
| 2010 | 5.76 billion current US$ | +89.0% |
| 2011 | 4.81 billion current US$ | -16.5% |
| 2012 | 5.68 billion current US$ | +18.0% |
| 2013 | 5.89 billion current US$ | +3.7% |
| 2014 | 6.96 billion current US$ | +18.2% |
| 2015 | 5.35 billion current US$ | -23.2% |
| 2016 | 4.28 billion current US$ | -19.9% |
| 2017 | 3.88 billion current US$ | -9.3% |
| 2018 | 4.41 billion current US$ | +13.6% |
| 2019 | 2.43 billion current US$ | -44.9% |
| 2020 | 5.40 billion current US$ | +122.2% |
| 2021 | 6.38 billion current US$ | +18.1% |
| 2022 | 7.15 billion current US$ | +12.0% |
| 2023 | 7.00 billion current US$ | -2.0% |
| 2024 | 5.55 billion current US$ | -20.8% |
| 2025 | 6.82 billion current US$ | +22.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 827.50 million current US$ | 434.11 million current US$ | 1.63 billion current US$ | 9 |
| 1990s | 1.11 billion current US$ | 512.06 million current US$ | 2.20 billion current US$ | 10 |
| 2000s | 1.86 billion current US$ | 706.45 million current US$ | 3.50 billion current US$ | 10 |
| 2010s | 4.95 billion current US$ | 2.43 billion current US$ | 6.96 billion current US$ | 10 |
| 2020s | 6.38 billion current US$ | 5.40 billion current US$ | 7.15 billion current US$ | 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)
- GNI, Atlas method (current US$), annual growth rate -18.64 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.11 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 1,362 current US$ per person (2025)
- GNI (current US$), annual growth rate 14.23 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9687 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 1,186 current US$ per person (2025)
- GNI (current LCU), annual growth rate 17.36 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1,471 current LCU 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 6.82 billion current US$ 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 7.15 billion current US$ in 2022.
- What is the lowest taxes less subsidies on products recorded in Nigeria?
- The lowest recorded value was 434.11 million current US$ in 1989.
- How does Nigeria rank for taxes less subsidies on products?
- Nigeria ranks 72nd 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 27.5%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.