Taxes on goods and services gdp in Nigeria
Nigeria: Taxes on goods and services gdp was 1.45 in 2023. ▼ Falling
Latest (2023)
1.45
Change on year
up 19.1%
World rank
180th
of 186 countries
All-time high
1.75
in 1997
All-time low
0.4118
in 1994
Years of data
30
1994–2023
Taxes on goods and services gdp in Nigeria, 1994–2023
Source: Our World in Data.
Analysis
In 2023, taxes on goods and services gdp in Nigeria stood at 1.45.
The figure is up 19.1% on the previous year and up 47.5% over ten years.
Over the whole period, taxes on goods and services gdp in Nigeria peaked at 1.75 in 1997 and was at its lowest, 0.4118, in 1994.
That places Nigeria 180th out of 186 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Taxes on goods and services gdp in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 0.4118 | — |
| 1995 | 0.7084 | +72.0% |
| 1996 | 0.8212 | +15.9% |
| 1997 | 1.75 | +113.2% |
| 1998 | 1.59 | -8.9% |
| 1999 | 1.33 | -16.5% |
| 2000 | 1.22 | -8.7% |
| 2001 | 1.49 | +22.8% |
| 2002 | 0.9583 | -35.9% |
| 2003 | 1.03 | +7.0% |
| 2004 | 0.9084 | -11.4% |
| 2005 | 0.8262 | -9.0% |
| 2006 | 0.792 | -4.1% |
| 2007 | 0.9153 | +15.6% |
| 2008 | 1.03 | +13.0% |
| 2009 | 1.06 | +2.2% |
| 2010 | 1.01 | -4.0% |
| 2011 | 1.02 | +0.4% |
| 2012 | 0.978 | -4.0% |
| 2013 | 0.9826 | +0.5% |
| 2014 | 0.8809 | -10.4% |
| 2015 | 0.8122 | -7.8% |
| 2016 | 0.7904 | -2.7% |
| 2017 | 0.8329 | +5.4% |
| 2018 | 0.8443 | +1.4% |
| 2019 | 0.8049 | -4.7% |
| 2020 | 0.9559 | +18.8% |
| 2021 | 1.16 | +21.4% |
| 2022 | 1.22 | +4.8% |
| 2023 | 1.45 | +19.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.1 | 0.4118 | 1.75 | 6 |
| 2000s | 1.02 | 0.792 | 1.49 | 10 |
| 2010s | 0.896 | 0.7904 | 1.02 | 10 |
| 2020s | 1.2 | 0.9559 | 1.45 | 4 |
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)
- GDP (constant 2015 US$), annual growth rate 4.01 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 1.93 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,369 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.01 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 778.97 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 953,652 constant LCU per person (2025)
- 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)
Frequently asked questions
- What is taxes on goods and services gdp in Nigeria?
- Taxes on goods and services gdp in Nigeria was 1.45 in 2023, according to Our World in Data.
- What is the highest taxes on goods and services gdp recorded in Nigeria?
- The highest recorded value was 1.75 in 1997.
- What is the lowest taxes on goods and services gdp recorded in Nigeria?
- The lowest recorded value was 0.4118 in 1994.
- How does Nigeria rank for taxes on goods and services gdp?
- Nigeria ranks 180th out of 186 countries with data for 2023.
- Is taxes on goods and services gdp rising or falling in Nigeria?
- Over the last ten years it is up 47.5%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from Our World in Data, published as part of Taxes on goods and services gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).