Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) in Nigeria
Nigeria: Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) was 47,823 million USD in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value US$, 2015 prices in Nigeria, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Nigeria recorded 47,823 million USD for value added (total manufacturing) — value us$, 2015 prices in 2023. That is the highest value across all 54 years on record.
That represents a change of up 1.4% on the previous year and up 15.9% over ten years.
Over the whole period, value added (total manufacturing) — value us$, 2015 prices in Nigeria peaked at 47,823 million USD in 2023 and was at its lowest, 10,980 million USD, in 1970.
That places Nigeria 46th out of 236 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) in Nigeria, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 10,980 million USD | — |
| 1971 | 11,205 million USD | +2.0% |
| 1972 | 13,037 million USD | +16.3% |
| 1973 | 16,222 million USD | +24.4% |
| 1974 | 16,644 million USD | +2.6% |
| 1975 | 19,429 million USD | +16.7% |
| 1976 | 23,976 million USD | +23.4% |
| 1977 | 26,339 million USD | +9.9% |
| 1978 | 29,606 million USD | +12.4% |
| 1979 | 32,253 million USD | +8.9% |
| 1980 | 37,148 million USD | +15.2% |
| 1981 | 41,338 million USD | +11.3% |
| 1982 | 35,291 million USD | -14.6% |
| 1983 | 25,046 million USD | -29.0% |
| 1984 | 23,239 million USD | -7.2% |
| 1985 | 24,451 million USD | +5.2% |
| 1986 | 22,213 million USD | -9.2% |
| 1987 | 26,058 million USD | +17.3% |
| 1988 | 30,002 million USD | +15.1% |
| 1989 | 25,265 million USD | -15.8% |
| 1990 | 27,084 million USD | +7.2% |
| 1991 | 29,490 million USD | +8.9% |
| 1992 | 33,046 million USD | +12.1% |
| 1993 | 27,260 million USD | -17.5% |
| 1994 | 23,820 million USD | -12.6% |
| 1995 | 20,520 million USD | -13.9% |
| 1996 | 21,173 million USD | +3.2% |
| 1997 | 21,607 million USD | +2.0% |
| 1998 | 20,589 million USD | -4.7% |
| 1999 | 21,066 million USD | +2.3% |
| 2000 | 21,102 million USD | +0.2% |
| 2001 | 21,597 million USD | +2.3% |
| 2002 | 25,426 million USD | +17.7% |
| 2003 | 22,678 million USD | -10.8% |
| 2004 | 22,437 million USD | -1.1% |
| 2005 | 22,954 million USD | +2.3% |
| 2006 | 23,140 million USD | +0.8% |
| 2007 | 23,162 million USD | +0.1% |
| 2008 | 23,857 million USD | +3.0% |
| 2009 | 24,717 million USD | +3.6% |
| 2010 | 25,336 million USD | +2.5% |
| 2011 | 29,850 million USD | +17.8% |
| 2012 | 33,867 million USD | +13.5% |
| 2013 | 41,249 million USD | +21.8% |
| 2014 | 47,322 million USD | +14.7% |
| 2015 | 46,631 million USD | -1.5% |
| 2016 | 44,618 million USD | -4.3% |
| 2017 | 44,524 million USD | -0.2% |
| 2018 | 45,456 million USD | +2.1% |
| 2019 | 45,805 million USD | +0.8% |
| 2020 | 44,543 million USD | -2.8% |
| 2021 | 46,034 million USD | +3.3% |
| 2022 | 47,161 million USD | +2.4% |
| 2023 | 47,823 million USD | +1.4% |
Nigeria compared with similar countries
- Nigeria's 47,823 million USD is above the median for lower middle income countries, which is 1,854 million USD, 25.8× the median. (44 countries reporting)
- Nigeria's 47,823 million USD is above the median for Sub-Saharan Africa, which is 1,378 million USD, 34.7× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19,969 million USD | 10,980 million USD | 32,253 million USD | 10 |
| 1980s | 29,005 million USD | 22,213 million USD | 41,338 million USD | 10 |
| 1990s | 24,566 million USD | 20,520 million USD | 33,046 million USD | 10 |
| 2000s | 23,107 million USD | 21,102 million USD | 25,426 million USD | 10 |
| 2010s | 40,466 million USD | 25,336 million USD | 47,322 million USD | 10 |
| 2020s | 46,390 million USD | 44,543 million USD | 47,823 million USD | 4 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Real gdp growth, annual growth rate 22.77 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value us$, 2015 prices in Nigeria?
- Value added (total manufacturing) — value us$, 2015 prices in Nigeria was 47,823 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$, 2015 prices recorded in Nigeria?
- The highest recorded value was 47,823 million USD in 2023.
- What is the lowest value added (total manufacturing) — value us$, 2015 prices recorded in Nigeria?
- The lowest recorded value was 10,980 million USD in 1970.
- How does Nigeria rank for value added (total manufacturing) — value us$, 2015 prices?
- Nigeria ranks 46th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$, 2015 prices 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 Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).