Value added, services and etc growth rate in Nigeria
Nigeria: Value added, services and etc growth rate was 12.9% in 2007. ◆ Volatile
Value added, services and etc growth rate in Nigeria, 2003–2007
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in %.
Analysis
The most recent figure for value added, services and etc growth rate in Nigeria is 12.9%, measured in 2007.
That represents a change of up 3.9% on the previous year and up 328.3% over five years.
That places Nigeria 2nd out of 49 countries with data for 2007, putting it in the top 10%.
Value added, services and etc growth rate in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 3.0% | — |
| 2004 | 29.9% | +894.7% |
| 2005 | 10.6% | -64.6% |
| 2006 | 12.4% | +16.9% |
| 2007 | 12.9% | +3.9% |
Countries ranked near Nigeria
- 1 Angola 13.5% compare
- 3 Equatorial Guinea 10.2% compare
- 4 Mauritania 10.1% compare
- 5 Morocco 9.1% 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)
- GNI (current LCU), annual growth rate 17.36 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1,471 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 1.80 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -60.89 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual -65.3 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 22.87 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0235 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 28.71 current US$ per person (2025)
Frequently asked questions
- What is value added, services and etc growth rate in Nigeria?
- Value added, services and etc growth rate in Nigeria was 12.9% in 2007, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest value added, services and etc growth rate recorded in Nigeria?
- The highest recorded value was 29.9% in 2004.
- What is the lowest value added, services and etc growth rate recorded in Nigeria?
- The lowest recorded value was 3.0% in 2003.
- How does Nigeria rank for value added, services and etc growth rate?
- Nigeria ranks 2nd out of 49 countries with data for 2007.
- Where does this Nigeria data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Value added, services and etc growth rate (%). Statizoid updates them automatically from the source API.
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About this data
This is the annual rate of growth of value added in services. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 2.