Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria
Nigeria: Value Added (Total Manufacturing) — Value Standard Local Currency was 0.158 million SLC per person in 2023. ◆ Volatile
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 0.158 million SLC per person. That is the highest value across all 54 years on record.
The figure is up 28.2% on the previous year and up 295.6% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Nigeria peaked at 0.158 million SLC per person in 2023 and was at its lowest, 0.0001 million SLC per person, in 1970.
That places Nigeria 32nd out of 194 countries with data for 2023, putting it in the top quarter.
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 | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0001 million SLC per person | — |
| 1971 | 0.0001 million SLC per person | +4.0% |
| 1972 | 0.0001 million SLC per person | +17.2% |
| 1973 | 0.0001 million SLC per person | +24.8% |
| 1974 | 0.0001 million SLC per person | +28.8% |
| 1975 | 0.0002 million SLC per person | +63.6% |
| 1976 | 0.0002 million SLC per person | +29.6% |
| 1977 | 0.0002 million SLC per person | +7.0% |
| 1978 | 0.0003 million SLC per person | +9.3% |
| 1979 | 0.0003 million SLC per person | +10.8% |
| 1980 | 0.0003 million SLC per person | +11.7% |
| 1981 | 0.0004 million SLC per person | +9.8% |
| 1982 | 0.0004 million SLC per person | +4.2% |
| 1983 | 0.0004 million SLC per person | +7.7% |
| 1984 | 0.0004 million SLC per person | -14.4% |
| 1985 | 0.0005 million SLC per person | +30.7% |
| 1986 | 0.0005 million SLC per person | +2.4% |
| 1987 | 0.0005 million SLC per person | +7.5% |
| 1988 | 0.0007 million SLC per person | +40.5% |
| 1989 | 0.0008 million SLC per person | +11.7% |
| 1990 | 0.0009 million SLC per person | +12.4% |
| 1991 | 0.0012 million SLC per person | +27.4% |
| 1992 | 0.0016 million SLC per person | +35.5% |
| 1993 | 0.0022 million SLC per person | +40.7% |
| 1994 | 0.0034 million SLC per person | +56.0% |
| 1995 | 0.0056 million SLC per person | +63.1% |
| 1996 | 0.0069 million SLC per person | +22.7% |
| 1997 | 0.0073 million SLC per person | +5.9% |
| 1998 | 0.007 million SLC per person | -3.7% |
| 1999 | 0.0072 million SLC per person | +3.5% |
| 2000 | 0.0078 million SLC per person | +7.5% |
| 2001 | 0.0088 million SLC per person | +13.4% |
| 2002 | 0.0102 million SLC per person | +15.3% |
| 2003 | 0.0119 million SLC per person | +17.1% |
| 2004 | 0.014 million SLC per person | +17.1% |
| 2005 | 0.016 million SLC per person | +14.9% |
| 2006 | 0.018 million SLC per person | +12.4% |
| 2007 | 0.019 million SLC per person | +5.4% |
| 2008 | 0.0207 million SLC per person | +9.0% |
| 2009 | 0.021 million SLC per person | +1.5% |
| 2010 | 0.0215 million SLC per person | +2.2% |
| 2011 | 0.0264 million SLC per person | +23.0% |
| 2012 | 0.0317 million SLC per person | +20.1% |
| 2013 | 0.04 million SLC per person | +26.0% |
| 2014 | 0.0467 million SLC per person | +16.9% |
| 2015 | 0.0471 million SLC per person | +0.7% |
| 2016 | 0.0456 million SLC per person | -3.2% |
| 2017 | 0.0502 million SLC per person | +10.1% |
| 2018 | 0.0608 million SLC per person | +21.2% |
| 2019 | 0.0801 million SLC per person | +31.8% |
| 2020 | 0.0913 million SLC per person | +14.0% |
| 2021 | 0.1177 million SLC per person | +28.9% |
| 2022 | 0.1233 million SLC per person | +4.7% |
| 2023 | 0.158 million SLC per person | +28.2% |
Nigeria compared with similar countries
- Nigeria's 0.158 million SLC per person is above the median for lower middle income countries, which is 0.0213 million SLC per person, 7.4× the median. (44 countries reporting)
- Nigeria's 0.158 million SLC per person is above the median for Sub-Saharan Africa, which is 0.0572 million SLC per person, 2.8× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0002 million SLC per person | 0.0001 million SLC per person | 0.0003 million SLC per person | 10 |
| 1980s | 0.0005 million SLC per person | 0.0003 million SLC per person | 0.0008 million SLC per person | 10 |
| 1990s | 0.0043 million SLC per person | 0.0009 million SLC per person | 0.0073 million SLC per person | 10 |
| 2000s | 0.0147 million SLC per person | 0.0078 million SLC per person | 0.021 million SLC per person | 10 |
| 2010s | 0.045 million SLC per person | 0.0215 million SLC per person | 0.0801 million SLC per person | 10 |
| 2020s | 0.1226 million SLC per person | 0.0913 million SLC per person | 0.158 million SLC per person | 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 value added (total manufacturing) — value standard local currency in Nigeria?
- Value added (total manufacturing) — value standard local currency in Nigeria was 0.158 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 0.158 million SLC per person in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Nigeria?
- The lowest recorded value was 0.0001 million SLC per person in 1970.
- How does Nigeria rank for value added (total manufacturing) — value standard local currency?
- Nigeria ranks 32nd 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 295.6%. 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, 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 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 ÷ 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 divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.