Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria
Nigeria: Value Added (Total Manufacturing) — Value Standard Local Currency was 1.4 % change on previous year in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded 1.4 % change on previous year for value added (total manufacturing) — value standard local currency in 2023.
Compared with earlier readings it is down 42.6% on the previous year and down 93.6% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Nigeria peaked at 24.43 % change on previous year in 1973 and was at its lowest, -29.03 % change on previous year, in 1983.
Nigeria ranks 110th of 223 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 2.05 % change on previous year | — |
| 1972 | 16.34 % change on previous year | +698.0% |
| 1973 | 24.43 % change on previous year | +49.5% |
| 1974 | 2.61 % change on previous year | -89.3% |
| 1975 | 16.73 % change on previous year | +542.2% |
| 1976 | 23.4 % change on previous year | +39.9% |
| 1977 | 9.86 % change on previous year | -57.9% |
| 1978 | 12.4 % change on previous year | +25.8% |
| 1979 | 8.94 % change on previous year | -27.9% |
| 1980 | 15.18 % change on previous year | +69.7% |
| 1981 | 11.28 % change on previous year | -25.7% |
| 1982 | -14.63 % change on previous year | -229.7% |
| 1983 | -29.03 % change on previous year | +98.5% |
| 1984 | -7.21 % change on previous year | -75.1% |
| 1985 | 5.22 % change on previous year | -172.3% |
| 1986 | -9.16 % change on previous year | -275.5% |
| 1987 | 17.31 % change on previous year | -289.1% |
| 1988 | 15.14 % change on previous year | -12.6% |
| 1989 | -15.79 % change on previous year | -204.3% |
| 1990 | 7.2 % change on previous year | -145.6% |
| 1991 | 8.88 % change on previous year | +23.4% |
| 1992 | 12.06 % change on previous year | +35.8% |
| 1993 | -17.51 % change on previous year | -245.2% |
| 1994 | -12.62 % change on previous year | -27.9% |
| 1995 | -13.85 % change on previous year | +9.8% |
| 1996 | 3.18 % change on previous year | -123.0% |
| 1997 | 2.05 % change on previous year | -35.7% |
| 1998 | -4.71 % change on previous year | -330.0% |
| 1999 | 2.32 % change on previous year | -149.2% |
| 2000 | 0.1692 % change on previous year | -92.7% |
| 2001 | 2.34 % change on previous year | +1285.0% |
| 2002 | 17.73 % change on previous year | +656.6% |
| 2003 | -10.81 % change on previous year | -161.0% |
| 2004 | -1.06 % change on previous year | -90.2% |
| 2005 | 2.3 % change on previous year | -316.8% |
| 2006 | 0.8127 % change on previous year | -64.7% |
| 2007 | 0.095 % change on previous year | -88.3% |
| 2008 | 3 % change on previous year | +3055.2% |
| 2009 | 3.61 % change on previous year | +20.4% |
| 2010 | 2.5 % change on previous year | -30.7% |
| 2011 | 17.82 % change on previous year | +612.0% |
| 2012 | 13.46 % change on previous year | -24.5% |
| 2013 | 21.8 % change on previous year | +61.9% |
| 2014 | 14.72 % change on previous year | -32.5% |
| 2015 | -1.46 % change on previous year | -109.9% |
| 2016 | -4.32 % change on previous year | +195.7% |
| 2017 | -0.2115 % change on previous year | -95.1% |
| 2018 | 2.09 % change on previous year | -1090.1% |
| 2019 | 0.7668 % change on previous year | -63.4% |
| 2020 | -2.75 % change on previous year | -459.3% |
| 2021 | 3.35 % change on previous year | -221.5% |
| 2022 | 2.45 % change on previous year | -26.9% |
| 2023 | 1.4 % change on previous year | -42.6% |
Nigeria compared with similar countries
- Nigeria's 1.4 % change on previous year is below the median for lower middle income countries, which is 2.07 % change on previous year, 68% of the median. (44 countries reporting)
- Nigeria's 1.4 % change on previous year is below the median for Sub-Saharan Africa, which is 2.6 % change on previous year, 54% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +3055.2% | 0.095 % change on previous year | 3 % change on previous year |
| 2001 | +1285.0% | 0.1692 % change on previous year | 2.34 % change on previous year |
| 2018 | +1090.1% | -0.2115 % change on previous year | 2.09 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.97 % change on previous year | 2.05 % change on previous year | 24.43 % change on previous year | 9 |
| 1980s | -1.17 % change on previous year | -29.03 % change on previous year | 17.31 % change on previous year | 10 |
| 1990s | -1.3 % change on previous year | -17.51 % change on previous year | 12.06 % change on previous year | 10 |
| 2000s | 1.82 % change on previous year | -10.81 % change on previous year | 17.73 % change on previous year | 10 |
| 2010s | 6.72 % change on previous year | -4.32 % change on previous year | 21.8 % change on previous year | 10 |
| 2020s | 1.11 % change on previous year | -2.75 % change on previous year | 3.35 % change on previous year | 4 |
Countries ranked near Nigeria
- 107 Republic of Korea 1.69 % change on previous year compare
- 108 Afghanistan 1.68 % change on previous year compare
- 109 Sao Tome and Principe 1.45 % change on previous year compare
- 111 Angola 1.4 % change on previous year compare
- 112 Slovenia 1.35 % change on previous year compare
- 113 Philippines 1.34 % change on previous year 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 value added (total manufacturing) — value standard local currency in Nigeria?
- Value added (total manufacturing) — value standard local currency in Nigeria was 1.4 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added (total manufacturing) — value standard local currency recorded in Nigeria?
- The highest recorded value was 24.43 % change on previous year in 1973.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Nigeria?
- The lowest recorded value was -29.03 % change on previous year in 1983.
- How does Nigeria rank for value added (total manufacturing) — value standard local currency?
- Nigeria ranks 110th out of 223 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Nigeria?
- Over the last ten years it is down 93.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.