Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria
Nigeria: Value Added (Total Manufacturing) — Value Standard Local Currency was 39.55 million SLC per square kilometre in 2023. ◆ Volatile
Latest (2023)
39.55 million SLC per square kilometre
Change on year
up 30.9%
World rank
22nd
of 194 countries
All-time high
39.55 million SLC per square kilometre
in 2023
All-time low
0.0034 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 39.55 million SLC per square kilometre. That is the highest value across all 54 years on record.
That represents a change of up 30.9% on the previous year and up 397.9% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Nigeria peaked at 39.55 million SLC per square kilometre in 2023 and was at its lowest, 0.0034 million SLC per square kilometre, in 1970.
Nigeria ranks 22nd of 194 countries on this measure, 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 square kilometre | Change |
|---|---|---|
| 1970 | 0.0034 million SLC per square kilometre | — |
| 1971 | 0.0037 million SLC per square kilometre | +6.5% |
| 1972 | 0.0044 million SLC per square kilometre | +20.0% |
| 1973 | 0.0056 million SLC per square kilometre | +28.0% |
| 1974 | 0.0075 million SLC per square kilometre | +32.2% |
| 1975 | 0.0126 million SLC per square kilometre | +68.2% |
| 1976 | 0.0167 million SLC per square kilometre | +33.3% |
| 1977 | 0.0184 million SLC per square kilometre | +10.2% |
| 1978 | 0.0208 million SLC per square kilometre | +12.7% |
| 1979 | 0.0238 million SLC per square kilometre | +14.3% |
| 1980 | 0.0274 million SLC per square kilometre | +15.2% |
| 1981 | 0.031 million SLC per square kilometre | +13.2% |
| 1982 | 0.0333 million SLC per square kilometre | +7.4% |
| 1983 | 0.0368 million SLC per square kilometre | +10.5% |
| 1984 | 0.0323 million SLC per square kilometre | -12.2% |
| 1985 | 0.0434 million SLC per square kilometre | +34.4% |
| 1986 | 0.0457 million SLC per square kilometre | +5.3% |
| 1987 | 0.0505 million SLC per square kilometre | +10.4% |
| 1988 | 0.0728 million SLC per square kilometre | +44.3% |
| 1989 | 0.0836 million SLC per square kilometre | +14.8% |
| 1990 | 0.0966 million SLC per square kilometre | +15.5% |
| 1991 | 0.1263 million SLC per square kilometre | +30.8% |
| 1992 | 0.1756 million SLC per square kilometre | +39.1% |
| 1993 | 0.2537 million SLC per square kilometre | +44.4% |
| 1994 | 0.4064 million SLC per square kilometre | +60.2% |
| 1995 | 0.6806 million SLC per square kilometre | +67.5% |
| 1996 | 0.8569 million SLC per square kilometre | +25.9% |
| 1997 | 0.9314 million SLC per square kilometre | +8.7% |
| 1998 | 0.9207 million SLC per square kilometre | -1.2% |
| 1999 | 0.9786 million SLC per square kilometre | +6.3% |
| 2000 | 1.08 million SLC per square kilometre | +10.4% |
| 2001 | 1.26 million SLC per square kilometre | +16.5% |
| 2002 | 1.49 million SLC per square kilometre | +18.5% |
| 2003 | 1.8 million SLC per square kilometre | +20.4% |
| 2004 | 2.16 million SLC per square kilometre | +20.4% |
| 2005 | 2.55 million SLC per square kilometre | +18.2% |
| 2006 | 2.95 million SLC per square kilometre | +15.6% |
| 2007 | 3.2 million SLC per square kilometre | +8.3% |
| 2008 | 3.58 million SLC per square kilometre | +12.0% |
| 2009 | 3.74 million SLC per square kilometre | +4.4% |
| 2010 | 3.93 million SLC per square kilometre | +5.0% |
| 2011 | 4.97 million SLC per square kilometre | +26.5% |
| 2012 | 6.14 million SLC per square kilometre | +23.4% |
| 2013 | 7.94 million SLC per square kilometre | +29.4% |
| 2014 | 9.54 million SLC per square kilometre | +20.1% |
| 2015 | 9.85 million SLC per square kilometre | +3.3% |
| 2016 | 9.78 million SLC per square kilometre | -0.8% |
| 2017 | 11.03 million SLC per square kilometre | +12.8% |
| 2018 | 13.68 million SLC per square kilometre | +24.0% |
| 2019 | 18.43 million SLC per square kilometre | +34.7% |
| 2020 | 21.45 million SLC per square kilometre | +16.4% |
| 2021 | 28.25 million SLC per square kilometre | +31.7% |
| 2022 | 30.2 million SLC per square kilometre | +6.9% |
| 2023 | 39.55 million SLC per square kilometre | +30.9% |
Nigeria compared with similar countries
- Nigeria's 39.55 million SLC per square kilometre is above the median for lower middle income countries, which is 1.44 million SLC per square kilometre, 27.5× the median. (44 countries reporting)
- Nigeria's 39.55 million SLC per square kilometre is above the median for Sub-Saharan Africa, which is 2.37 million SLC per square kilometre, 16.7× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0117 million SLC per square kilometre | 0.0034 million SLC per square kilometre | 0.0238 million SLC per square kilometre | 10 |
| 1980s | 0.0457 million SLC per square kilometre | 0.0274 million SLC per square kilometre | 0.0836 million SLC per square kilometre | 10 |
| 1990s | 0.5427 million SLC per square kilometre | 0.0966 million SLC per square kilometre | 0.9786 million SLC per square kilometre | 10 |
| 2000s | 2.38 million SLC per square kilometre | 1.08 million SLC per square kilometre | 3.74 million SLC per square kilometre | 10 |
| 2010s | 9.53 million SLC per square kilometre | 3.93 million SLC per square kilometre | 18.43 million SLC per square kilometre | 10 |
| 2020s | 29.86 million SLC per square kilometre | 21.45 million SLC per square kilometre | 39.55 million SLC per square kilometre | 4 |
Countries ranked near Nigeria
- 19 Equatorial Guinea 61.24 million SLC per square kilometre compare
- 20 Myanmar 53.75 million SLC per square kilometre compare
- 21 Burundi 44.51 million SLC per square kilometre compare
- 23 Armenia 37.24 million SLC per square kilometre compare
- 24 Mauritius 36.58 million SLC per square kilometre compare
- 25 Chile 34.93 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 39.55 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 39.55 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 0.0034 million SLC per square kilometre in 1970.
- How does Nigeria rank for value added (total manufacturing) — value standard local currency?
- Nigeria ranks 22nd 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 397.9%. 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 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 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 ÷ 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 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.