Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria
Nigeria: Value Added (Total Manufacturing) — Value Standard Local Currency was 0.0404 million SLC per person in 2023. ▼ Falling
Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria, 1970–2023
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Nigeria stood at 0.0404 million SLC per person.
The figure is down 0.7% on the previous year and down 7.9% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Nigeria peaked at 0.1046 million SLC per person in 1981 and was at its lowest, 0.0291 million SLC per person, in 2007.
Nigeria ranks 57th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0378 million SLC per person | — |
| 1971 | 0.0377 million SLC per person | -0.3% |
| 1972 | 0.0428 million SLC per person | +13.6% |
| 1973 | 0.052 million SLC per person | +21.4% |
| 1974 | 0.0519 million SLC per person | -0.1% |
| 1975 | 0.059 million SLC per person | +13.5% |
| 1976 | 0.0707 million SLC per person | +19.9% |
| 1977 | 0.0754 million SLC per person | +6.6% |
| 1978 | 0.0822 million SLC per person | +9.0% |
| 1979 | 0.0868 million SLC per person | +5.6% |
| 1980 | 0.0969 million SLC per person | +11.6% |
| 1981 | 0.1046 million SLC per person | +7.9% |
| 1982 | 0.0866 million SLC per person | -17.1% |
| 1983 | 0.0599 million SLC per person | -30.8% |
| 1984 | 0.0542 million SLC per person | -9.6% |
| 1985 | 0.0554 million SLC per person | +2.3% |
| 1986 | 0.049 million SLC per person | -11.6% |
| 1987 | 0.056 million SLC per person | +14.2% |
| 1988 | 0.0627 million SLC per person | +12.1% |
| 1989 | 0.0514 million SLC per person | -18.0% |
| 1990 | 0.0537 million SLC per person | +4.3% |
| 1991 | 0.0569 million SLC per person | +6.0% |
| 1992 | 0.0621 million SLC per person | +9.2% |
| 1993 | 0.0499 million SLC per person | -19.7% |
| 1994 | 0.0425 million SLC per person | -14.9% |
| 1995 | 0.0356 million SLC per person | -16.1% |
| 1996 | 0.0358 million SLC per person | +0.5% |
| 1997 | 0.0356 million SLC per person | -0.6% |
| 1998 | 0.0331 million SLC per person | -7.2% |
| 1999 | 0.0329 million SLC per person | -0.3% |
| 2000 | 0.0321 million SLC per person | -2.5% |
| 2001 | 0.032 million SLC per person | -0.4% |
| 2002 | 0.0367 million SLC per person | +14.5% |
| 2003 | 0.0318 million SLC per person | -13.2% |
| 2004 | 0.0306 million SLC per person | -3.8% |
| 2005 | 0.0305 million SLC per person | -0.5% |
| 2006 | 0.0299 million SLC per person | -1.9% |
| 2007 | 0.0291 million SLC per person | -2.6% |
| 2008 | 0.0291 million SLC per person | +0.2% |
| 2009 | 0.0294 million SLC per person | +0.8% |
| 2010 | 0.0293 million SLC per person | -0.3% |
| 2011 | 0.0335 million SLC per person | +14.6% |
| 2012 | 0.037 million SLC per person | +10.4% |
| 2013 | 0.0438 million SLC per person | +18.5% |
| 2014 | 0.049 million SLC per person | +11.7% |
| 2015 | 0.0471 million SLC per person | -3.9% |
| 2016 | 0.0439 million SLC per person | -6.7% |
| 2017 | 0.0428 million SLC per person | -2.6% |
| 2018 | 0.0427 million SLC per person | -0.2% |
| 2019 | 0.0421 million SLC per person | -1.4% |
| 2020 | 0.0401 million SLC per person | -4.8% |
| 2021 | 0.0405 million SLC per person | +1.2% |
| 2022 | 0.0407 million SLC per person | +0.3% |
| 2023 | 0.0404 million SLC per person | -0.7% |
Nigeria compared with similar countries
- Nigeria's 0.0404 million SLC per person is above the median for lower middle income countries, which is 0.0126 million SLC per person, 3.2× the median. (44 countries reporting)
- Nigeria's 0.0404 million SLC per person is above the median for Sub-Saharan Africa, which is 0.0338 million SLC per person, 1.2× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0596 million SLC per person | 0.0377 million SLC per person | 0.0868 million SLC per person | 10 |
| 1980s | 0.0677 million SLC per person | 0.049 million SLC per person | 0.1046 million SLC per person | 10 |
| 1990s | 0.0438 million SLC per person | 0.0329 million SLC per person | 0.0621 million SLC per person | 10 |
| 2000s | 0.0311 million SLC per person | 0.0291 million SLC per person | 0.0367 million SLC per person | 10 |
| 2010s | 0.0411 million SLC per person | 0.0293 million SLC per person | 0.049 million SLC per person | 10 |
| 2020s | 0.0404 million SLC per person | 0.0401 million SLC per person | 0.0407 million SLC per person | 4 |
Countries ranked near Nigeria
- 54 Burundi 0.0444 million SLC per person compare
- 55 Bangladesh 0.0434 million SLC per person compare
- 56 Central African Republic 0.0432 million SLC per person compare
- 58 Norway 0.0392 million SLC per person compare
- 59 North Macedonia 0.0382 million SLC per person compare
- 60 Malawi 0.0338 million SLC per person 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 0.0404 million SLC per person 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 0.1046 million SLC per person in 1981.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Nigeria?
- The lowest recorded value was 0.0291 million SLC per person in 2007.
- How does Nigeria rank for value added (total manufacturing) — value standard local currency?
- Nigeria ranks 57th out of 194 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 7.9%. The long-run trend across the full record is falling.
- 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, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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
Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.