Taxes on incomes of individuals and corporations as share of GDP in Nigeria
Nigeria: Taxes on incomes of individuals and corporations as share of GDP was 5.2% in 2007. ▲ Rising
Taxes on incomes of individuals and corporations as share of GDP in Nigeria, 1992–2007
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for taxes on incomes of individuals and corporations as share of gdp in Nigeria is 5.2%, measured in 2007.
Compared with earlier readings it is down 19.9% on the previous year and up 42.7% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Nigeria peaked at 7.4% in 2005 and was at its lowest, 2.4%, in 1996.
That places Nigeria 118th out of 184 countries with data for 2007, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 4.6% | — |
| 1993 | 4.4% | -2.8% |
| 1994 | 2.7% | -39.3% |
| 1995 | 2.7% | +0.2% |
| 1996 | 2.4% | -12.7% |
| 1997 | 3.7% | +55.7% |
| 1998 | 2.4% | -34.0% |
| 1999 | 2.9% | +18.1% |
| 2000 | 6.2% | +117.2% |
| 2001 | 6.7% | +7.5% |
| 2002 | 3.6% | -45.5% |
| 2003 | 5.2% | +42.6% |
| 2004 | 6.4% | +23.1% |
| 2005 | 7.4% | +15.7% |
| 2006 | 6.5% | -11.6% |
| 2007 | 5.2% | -19.9% |
Nigeria compared with similar countries
- Nigeria's 5.2% is below the median for lower middle income countries, which is 5.4%, 97% of the median. (45 countries reporting)
- Nigeria's 5.2% is above the median for Sub-Saharan Africa, which is 4.7%, 1.1× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.2% | 2.4% | 4.6% | 8 |
| 2000s | 5.9% | 3.6% | 7.4% | 8 |
Countries ranked near Nigeria
- 115 Nepal 5.3% compare
- 116 Costa Rica 5.3% compare
- 117 Saint Kitts and Nevis 5.3% compare
- 119 Montenegro 5.2% compare
- 120 Maldives 5.1% compare
- 121 Indonesia 5.1% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is taxes on incomes of individuals and corporations as share of gdp in Nigeria?
- Taxes on incomes of individuals and corporations as share of gdp in Nigeria was 5.2% in 2007, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Nigeria?
- The highest recorded value was 7.4% in 2005.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Nigeria?
- The lowest recorded value was 2.4% in 1996.
- How does Nigeria rank for taxes on incomes of individuals and corporations as share of gdp?
- Nigeria ranks 118th out of 184 countries with data for 2007.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Nigeria?
- Over the last ten years it is up 42.7%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.