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: 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.
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
- 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 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.