Total factor productivity in Nigeria
Nigeria: Total factor productivity was 0.9877 in 2023. ▼ Falling
Latest (2023)
0.9877
Change on year
down 0.8%
World rank
69th
of 120 countries
All-time high
1.54
in 1960
All-time low
0.5877
in 1999
Years of data
48
1960–2023
Total factor productivity in Nigeria, 1960–2023
Source: 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.
Total factor productivity in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 1.54 | — |
| 1961 | 1.39 | -9.7% |
| 1962 | 1.37 | -1.9% |
| 1963 | 1.4 | +2.2% |
| 1964 | 1.34 | -3.8% |
| 1965 | 1.17 | -13.1% |
| 1966 | 1.04 | -11.3% |
| 1967 | 0.8498 | -17.9% |
| 1968 | 0.8278 | -2.6% |
| 1969 | 0.9253 | +11.8% |
| 1970 | 1.01 | +9.5% |
| 1971 | 1.08 | +6.2% |
| 1972 | 1.07 | -0.7% |
| 1973 | 1.04 | -2.4% |
| 1974 | 1.1 | +5.5% |
| 1975 | 1.02 | -7.2% |
| 1976 | 0.9787 | -4.1% |
| 1977 | 0.9476 | -3.2% |
| 1978 | 0.8496 | -10.3% |
| 1979 | 0.7796 | -8.2% |
| 1980 | 0.7403 | -5.0% |
| 1981 | 0.679 | -8.3% |
| 1982 | 0.608 | -10.5% |
| 1999 | 0.5877 | -3.3% |
| 2000 | 0.601 | +2.3% |
| 2001 | 0.626 | +4.2% |
| 2002 | 0.6977 | +11.5% |
| 2003 | 0.7256 | +4.0% |
| 2004 | 0.7703 | +6.2% |
| 2005 | 0.8008 | +4.0% |
| 2006 | 0.8164 | +2.0% |
| 2007 | 0.8468 | +3.7% |
| 2008 | 0.8815 | +4.1% |
| 2009 | 0.9278 | +5.3% |
| 2010 | 0.9867 | +6.3% |
| 2011 | 1.01 | +2.5% |
| 2012 | 1.03 | +2.1% |
| 2013 | 1.07 | +3.2% |
| 2014 | 1.09 | +2.3% |
| 2015 | 1.08 | -1.3% |
| 2016 | 1.03 | -4.7% |
| 2017 | 1.02 | -0.9% |
| 2018 | 1.03 | +0.8% |
| 2019 | 1.03 | +0.8% |
| 2020 | 0.9962 | -3.6% |
| 2021 | 1 | +0.4% |
| 2022 | 0.996 | -0.4% |
| 2023 | 0.9877 | -0.8% |
Nigeria compared with similar countries
- Nigeria's 0.9877 is below the median for lower middle income countries, which is 0.9979, 99% of the median. (26 countries reporting)
- Nigeria's 0.9877 is above the median for Sub-Saharan Africa, which is 0.983, 1.0× the median. (27 countries reporting)
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
- Real gdp growth, annual growth rate 22.77 % change on previous year (2024)
- 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)
Frequently asked questions
- What is total factor productivity in Nigeria?
- Total factor productivity in Nigeria was 0.9877 in 2023, according to 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 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).