Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria
Nigeria: Value Added (Total Manufacturing) — Value Standard Local Currency was 0.0001 million SLC per US$ of GDP in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Nigeria, 1970–2023
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Nigeria stood at 0.0001 million SLC per US$ of GDP. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 73.8% on the previous year and up 431.4% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Nigeria peaked at 0.0001 million SLC per US$ of GDP in 2023 and was at its lowest, 0 million SLC per US$ of GDP, in 1981.
That places Nigeria 29th out of 193 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 US$ of GDP | Change |
|---|---|---|
| 1970 | 0 million SLC per US$ of GDP | — |
| 1971 | 0 million SLC per US$ of GDP | +45.5% |
| 1972 | 0 million SLC per US$ of GDP | -10.2% |
| 1973 | 0 million SLC per US$ of GDP | +3.6% |
| 1974 | 0 million SLC per US$ of GDP | -19.3% |
| 1975 | 0 million SLC per US$ of GDP | +50.4% |
| 1976 | 0 million SLC per US$ of GDP | +2.0% |
| 1977 | 0 million SLC per US$ of GDP | +11.0% |
| 1978 | 0 million SLC per US$ of GDP | +11.2% |
| 1979 | 0 million SLC per US$ of GDP | -11.7% |
| 1980 | 0 million SLC per US$ of GDP | -15.2% |
| 1981 | 0 million SLC per US$ of GDP | -55.8% |
| 1982 | 0 million SLC per US$ of GDP | +23.7% |
| 1983 | 0 million SLC per US$ of GDP | +62.5% |
| 1984 | 0 million SLC per US$ of GDP | +16.0% |
| 1985 | 0 million SLC per US$ of GDP | +34.0% |
| 1986 | 0 million SLC per US$ of GDP | +41.6% |
| 1987 | 0 million SLC per US$ of GDP | +14.9% |
| 1988 | 0 million SLC per US$ of GDP | +53.1% |
| 1989 | 0 million SLC per US$ of GDP | +29.5% |
| 1990 | 0 million SLC per US$ of GDP | -5.9% |
| 1991 | 0 million SLC per US$ of GDP | +18.7% |
| 1992 | 0 million SLC per US$ of GDP | +59.0% |
| 1993 | 0 million SLC per US$ of GDP | +32.6% |
| 1994 | 0 million SLC per US$ of GDP | +13.0% |
| 1995 | 0 million SLC per US$ of GDP | -4.5% |
| 1996 | 0 million SLC per US$ of GDP | -4.5% |
| 1997 | 0 million SLC per US$ of GDP | +0.5% |
| 1998 | 0 million SLC per US$ of GDP | -9.1% |
| 1999 | 0 million SLC per US$ of GDP | +292.5% |
| 2000 | 0 million SLC per US$ of GDP | -5.6% |
| 2001 | 0 million SLC per US$ of GDP | +9.6% |
| 2002 | 0 million SLC per US$ of GDP | -8.3% |
| 2003 | 0 million SLC per US$ of GDP | +9.2% |
| 2004 | 0 million SLC per US$ of GDP | -7.1% |
| 2005 | 0 million SLC per US$ of GDP | -8.7% |
| 2006 | 0 million SLC per US$ of GDP | -14.8% |
| 2007 | 0 million SLC per US$ of GDP | -7.2% |
| 2008 | 0 million SLC per US$ of GDP | -8.2% |
| 2009 | 0 million SLC per US$ of GDP | +20.1% |
| 2010 | 0 million SLC per US$ of GDP | -15.6% |
| 2011 | 0 million SLC per US$ of GDP | +12.0% |
| 2012 | 0 million SLC per US$ of GDP | +10.3% |
| 2013 | 0 million SLC per US$ of GDP | +15.5% |
| 2014 | 0 million SLC per US$ of GDP | +8.8% |
| 2015 | 0 million SLC per US$ of GDP | +20.3% |
| 2016 | 0 million SLC per US$ of GDP | +20.9% |
| 2017 | 0 million SLC per US$ of GDP | +21.5% |
| 2018 | 0 million SLC per US$ of GDP | +10.5% |
| 2019 | 0 million SLC per US$ of GDP | -15.0% |
| 2020 | 0 million SLC per US$ of GDP | +30.0% |
| 2021 | 0 million SLC per US$ of GDP | +29.4% |
| 2022 | 0 million SLC per US$ of GDP | +0.7% |
| 2023 | 0.0001 million SLC per US$ of GDP | +73.8% |
Nigeria compared with similar countries
- Nigeria's 0.0001 million SLC per US$ of GDP is above the median for lower middle income countries, which is 0 million SLC per US$ of GDP, 11.0× the median. (44 countries reporting)
- Nigeria's 0.0001 million SLC per US$ of GDP is above the median for Sub-Saharan Africa, which is 0 million SLC per US$ of GDP, 1.6× 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 |
|---|---|---|---|
| 1999 | +292.5% | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 1980s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 1990s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 2000s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 2010s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 2020s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0.0001 million SLC per US$ of GDP | 4 |
Countries ranked near Nigeria
- 26 Chile 0.0001 million SLC per US$ of GDP compare
- 27 Mali 0.0001 million SLC per US$ of GDP compare
- 28 Guinea-Bissau 0.0001 million SLC per US$ of GDP compare
- 30 Costa Rica 0.0001 million SLC per US$ of GDP compare
- 31 Syria 0.0001 million SLC per US$ of GDP compare
- 32 Chad 0.0001 million SLC per US$ of GDP 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Nigeria?
- Value added (total manufacturing) — value standard local currency in Nigeria was 0.0001 million SLC per US$ of GDP 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 0.0001 million SLC per US$ of GDP in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Nigeria?
- The lowest recorded value was 0 million SLC per US$ of GDP in 1981.
- How does Nigeria rank for value added (total manufacturing) — value standard local currency?
- Nigeria ranks 29th out of 193 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 431.4%. 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 unit of GDP. 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Value Added (Total Manufacturing) — Value Standard Local Currency ÷ GDP (current US$)
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.