Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria
Nigeria: Value Added (Total Manufacturing) — Value Standard Local Currency was 10.1 million SLC per square kilometre in 2023. ▲ Rising
Latest (2023)
10.1 million SLC per square kilometre
Change on year
up 1.4%
World rank
37th
of 194 countries
All-time high
10.1 million SLC per square kilometre
in 2023
All-time low
2.32 million SLC per square kilometre
in 1970
Years of data
54
1970–2023
Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria, 1970–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Nigeria stood at 10.1 million SLC per square kilometre. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 1.4% on the previous year and up 15.9% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Nigeria peaked at 10.1 million SLC per square kilometre in 2023 and was at its lowest, 2.32 million SLC per square kilometre, in 1970.
Nigeria ranks 37th of 194 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1970 | 2.32 million SLC per square kilometre | — |
| 1971 | 2.37 million SLC per square kilometre | +2.0% |
| 1972 | 2.75 million SLC per square kilometre | +16.3% |
| 1973 | 3.43 million SLC per square kilometre | +24.4% |
| 1974 | 3.52 million SLC per square kilometre | +2.6% |
| 1975 | 4.11 million SLC per square kilometre | +16.7% |
| 1976 | 5.07 million SLC per square kilometre | +23.4% |
| 1977 | 5.57 million SLC per square kilometre | +9.9% |
| 1978 | 6.26 million SLC per square kilometre | +12.4% |
| 1979 | 6.81 million SLC per square kilometre | +8.9% |
| 1980 | 7.85 million SLC per square kilometre | +15.2% |
| 1981 | 8.73 million SLC per square kilometre | +11.3% |
| 1982 | 7.46 million SLC per square kilometre | -14.6% |
| 1983 | 5.29 million SLC per square kilometre | -29.0% |
| 1984 | 4.91 million SLC per square kilometre | -7.2% |
| 1985 | 5.17 million SLC per square kilometre | +5.2% |
| 1986 | 4.69 million SLC per square kilometre | -9.2% |
| 1987 | 5.51 million SLC per square kilometre | +17.3% |
| 1988 | 6.34 million SLC per square kilometre | +15.1% |
| 1989 | 5.34 million SLC per square kilometre | -15.8% |
| 1990 | 5.72 million SLC per square kilometre | +7.2% |
| 1991 | 6.23 million SLC per square kilometre | +8.9% |
| 1992 | 6.98 million SLC per square kilometre | +12.1% |
| 1993 | 5.76 million SLC per square kilometre | -17.5% |
| 1994 | 5.03 million SLC per square kilometre | -12.6% |
| 1995 | 4.34 million SLC per square kilometre | -13.9% |
| 1996 | 4.47 million SLC per square kilometre | +3.2% |
| 1997 | 4.57 million SLC per square kilometre | +2.0% |
| 1998 | 4.35 million SLC per square kilometre | -4.7% |
| 1999 | 4.45 million SLC per square kilometre | +2.3% |
| 2000 | 4.46 million SLC per square kilometre | +0.2% |
| 2001 | 4.56 million SLC per square kilometre | +2.3% |
| 2002 | 5.37 million SLC per square kilometre | +17.7% |
| 2003 | 4.79 million SLC per square kilometre | -10.8% |
| 2004 | 4.74 million SLC per square kilometre | -1.1% |
| 2005 | 4.85 million SLC per square kilometre | +2.3% |
| 2006 | 4.89 million SLC per square kilometre | +0.8% |
| 2007 | 4.89 million SLC per square kilometre | +0.1% |
| 2008 | 5.04 million SLC per square kilometre | +3.0% |
| 2009 | 5.22 million SLC per square kilometre | +3.6% |
| 2010 | 5.35 million SLC per square kilometre | +2.5% |
| 2011 | 6.31 million SLC per square kilometre | +17.8% |
| 2012 | 7.16 million SLC per square kilometre | +13.5% |
| 2013 | 8.72 million SLC per square kilometre | +21.8% |
| 2014 | 10 million SLC per square kilometre | +14.7% |
| 2015 | 9.85 million SLC per square kilometre | -1.5% |
| 2016 | 9.43 million SLC per square kilometre | -4.3% |
| 2017 | 9.41 million SLC per square kilometre | -0.2% |
| 2018 | 9.6 million SLC per square kilometre | +2.1% |
| 2019 | 9.68 million SLC per square kilometre | +0.8% |
| 2020 | 9.41 million SLC per square kilometre | -2.8% |
| 2021 | 9.73 million SLC per square kilometre | +3.3% |
| 2022 | 9.96 million SLC per square kilometre | +2.4% |
| 2023 | 10.1 million SLC per square kilometre | +1.4% |
Nigeria compared with similar countries
- Nigeria's 10.1 million SLC per square kilometre is above the median for lower middle income countries, which is 0.9944 million SLC per square kilometre, 10.2× the median. (44 countries reporting)
- Nigeria's 10.1 million SLC per square kilometre is above the median for Sub-Saharan Africa, which is 1.44 million SLC per square kilometre, 7.0× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.22 million SLC per square kilometre | 2.32 million SLC per square kilometre | 6.81 million SLC per square kilometre | 10 |
| 1980s | 6.13 million SLC per square kilometre | 4.69 million SLC per square kilometre | 8.73 million SLC per square kilometre | 10 |
| 1990s | 5.19 million SLC per square kilometre | 4.34 million SLC per square kilometre | 6.98 million SLC per square kilometre | 10 |
| 2000s | 4.88 million SLC per square kilometre | 4.46 million SLC per square kilometre | 5.37 million SLC per square kilometre | 10 |
| 2010s | 8.55 million SLC per square kilometre | 5.35 million SLC per square kilometre | 10 million SLC per square kilometre | 10 |
| 2020s | 9.8 million SLC per square kilometre | 9.41 million SLC per square kilometre | 10.1 million SLC per square kilometre | 4 |
Countries ranked near Nigeria
- 34 Philippines 12.25 million SLC per square kilometre compare
- 35 India 10.43 million SLC per square kilometre compare
- 36 Denmark 10.24 million SLC per square kilometre compare
- 38 Israel 9.48 million SLC per square kilometre compare
- 39 Serbia 9.23 million SLC per square kilometre compare
- 40 Benin 9.13 million SLC per square kilometre 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 10.1 million SLC per square kilometre 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 10.1 million SLC per square kilometre in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Nigeria?
- The lowest recorded value was 2.32 million SLC per square kilometre in 1970.
- How does Nigeria rank for value added (total manufacturing) — value standard local currency?
- Nigeria ranks 37th 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 up 15.9%. The long-run trend across the full record is rising.
- 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 square kilometre. 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 Land area (sq. km), 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 ÷ Land area (sq. km)
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.