Total factor productivity in Nigeria
Nigeria: Total factor productivity was 0.9877 in 2023. ▼ Falling
Total factor productivity in Nigeria, 1960–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
Analysis
Nigeria recorded 0.9877 for total factor productivity in 2023.
That represents a change of down 0.8% on the previous year and down 7.3% over ten years.
Over the whole period, total factor productivity in Nigeria peaked at 1.54 in 1960 and was at its lowest, 0.5877, in 1999.
Nigeria ranks 69th of 120 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 48 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.18 | 0.8278 | 1.54 | 10 |
| 1970s | 0.9877 | 0.7796 | 1.1 | 10 |
| 1980s | 0.6758 | 0.608 | 0.7403 | 3 |
| 1990s | 0.5877 | 0.5877 | 0.5877 | 1 |
| 2000s | 0.7694 | 0.601 | 0.9278 | 10 |
| 2010s | 1.04 | 0.9867 | 1.09 | 10 |
| 2020s | 0.995 | 0.9877 | 1 | 4 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Inflation of consumer prices 23.0% (2025)
- GDP per capita 2,369 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.3% (2025)
- Gross domestic product (GDP) 562.59 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 2,369 constant 2015 US$ (2025)
- DEC alternative conversion factor 1,518 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 35.23 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 23.20 billion current US$ (2025)
- Taxes less subsidies on products 10.36 trillion current LCU (2025)
- Taxes less subsidies on products 6.82 billion current US$ (2025)
Frequently asked questions
- What is total factor productivity in Nigeria?
- Total factor productivity in Nigeria was 0.9877 in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest total factor productivity recorded in Nigeria?
- The highest recorded value was 1.54 in 1960.
- What is the lowest total factor productivity recorded in Nigeria?
- The lowest recorded value was 0.5877 in 1999.
- How does Nigeria rank for total factor productivity?
- Nigeria ranks 69th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Nigeria?
- Over the last ten years it is down 7.3%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This is the level of total factor productivity, relative to each country's value in 2021 (which is set to 1). This data is adjusted for inflation and differences in living costs between countries.