GDP at market prices (constant 2010 US$) in Nigeria
Nigeria: GDP at market prices (constant 2010 US$) was 569.51 billion constant 2010 US$ in 2024. ◆ Volatile
Latest (2024)
569.51 billion constant 2010 US$
Change on year
up 3.4%
World rank
24th
of 208 countries
All-time high
569.51 billion constant 2010 US$
in 2024
All-time low
101.08 billion constant 2010 US$
in 1970
Years of data
55
1970–2024
GDP at market prices in Nigeria, 1970–2024
Source: UNESCO Institute for Statistics. Measured in constant 2010 US$.
Analysis
In 2024, gdp at market prices in Nigeria stood at 569.51 billion constant 2010 US$. That is the highest value across all 55 years on record.
That represents a change of up 3.4% on the previous year and up 18.6% over ten years.
Over the whole period, gdp at market prices in Nigeria peaked at 569.51 billion constant 2010 US$ in 2024 and was at its lowest, 101.08 billion constant 2010 US$, in 1970.
That places Nigeria 24th out of 208 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP at market prices (constant 2010 US$) in Nigeria, year by year
| Year | constant 2010 US$ | Change |
|---|---|---|
| 1970 | 101.08 billion constant 2010 US$ | — |
| 1971 | 115.47 billion constant 2010 US$ | +14.2% |
| 1972 | 119.35 billion constant 2010 US$ | +3.4% |
| 1973 | 125.79 billion constant 2010 US$ | +5.4% |
| 1974 | 139.83 billion constant 2010 US$ | +11.2% |
| 1975 | 132.52 billion constant 2010 US$ | -5.2% |
| 1976 | 144.50 billion constant 2010 US$ | +9.0% |
| 1977 | 153.21 billion constant 2010 US$ | +6.0% |
| 1978 | 144.38 billion constant 2010 US$ | -5.8% |
| 1979 | 154.13 billion constant 2010 US$ | +6.8% |
| 1980 | 160.62 billion constant 2010 US$ | +4.2% |
| 1981 | 139.53 billion constant 2010 US$ | -13.1% |
| 1982 | 130.04 billion constant 2010 US$ | -6.8% |
| 1983 | 115.83 billion constant 2010 US$ | -10.9% |
| 1984 | 114.54 billion constant 2010 US$ | -1.1% |
| 1985 | 121.31 billion constant 2010 US$ | +5.9% |
| 1986 | 121.39 billion constant 2010 US$ | +0.1% |
| 1987 | 125.27 billion constant 2010 US$ | +3.2% |
| 1988 | 134.46 billion constant 2010 US$ | +7.3% |
| 1989 | 137.04 billion constant 2010 US$ | +1.9% |
| 1990 | 153.18 billion constant 2010 US$ | +11.8% |
| 1991 | 153.73 billion constant 2010 US$ | +0.4% |
| 1992 | 160.85 billion constant 2010 US$ | +4.6% |
| 1993 | 157.57 billion constant 2010 US$ | -2.0% |
| 1994 | 154.71 billion constant 2010 US$ | -1.8% |
| 1995 | 154.60 billion constant 2010 US$ | -0.1% |
| 1996 | 161.09 billion constant 2010 US$ | +4.2% |
| 1997 | 165.82 billion constant 2010 US$ | +2.9% |
| 1998 | 170.10 billion constant 2010 US$ | +2.6% |
| 1999 | 171.09 billion constant 2010 US$ | +0.6% |
| 2000 | 179.68 billion constant 2010 US$ | +5.0% |
| 2001 | 190.31 billion constant 2010 US$ | +5.9% |
| 2002 | 219.48 billion constant 2010 US$ | +15.3% |
| 2003 | 235.61 billion constant 2010 US$ | +7.3% |
| 2004 | 257.40 billion constant 2010 US$ | +9.3% |
| 2005 | 273.97 billion constant 2010 US$ | +6.4% |
| 2006 | 290.57 billion constant 2010 US$ | +6.1% |
| 2007 | 309.73 billion constant 2010 US$ | +6.6% |
| 2008 | 330.68 billion constant 2010 US$ | +6.8% |
| 2009 | 357.25 billion constant 2010 US$ | +8.0% |
| 2010 | 385.86 billion constant 2010 US$ | +8.0% |
| 2011 | 406.34 billion constant 2010 US$ | +5.3% |
| 2012 | 423.52 billion constant 2010 US$ | +4.2% |
| 2013 | 451.78 billion constant 2010 US$ | +6.7% |
| 2014 | 480.29 billion constant 2010 US$ | +6.3% |
| 2015 | 493.03 billion constant 2010 US$ | +2.7% |
| 2016 | 485.06 billion constant 2010 US$ | -1.6% |
| 2017 | 488.96 billion constant 2010 US$ | +0.8% |
| 2018 | 498.37 billion constant 2010 US$ | +1.9% |
| 2019 | 509.37 billion constant 2010 US$ | +2.2% |
| 2020 | 500.23 billion constant 2010 US$ | -1.8% |
| 2021 | 518.48 billion constant 2010 US$ | +3.6% |
| 2022 | 535.34 billion constant 2010 US$ | +3.3% |
| 2023 | 550.65 billion constant 2010 US$ | +2.9% |
| 2024 | 569.51 billion constant 2010 US$ | +3.4% |
Nigeria compared with similar countries
- Nigeria's 569.51 billion constant 2010 US$ is above the median for lower middle income countries, which is 25.42 billion constant 2010 US$, 22.4× the median. (46 countries reporting)
- Nigeria's 569.51 billion constant 2010 US$ is above the median for Sub-Saharan Africa, which is 15.37 billion constant 2010 US$, 37.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 133.03 billion constant 2010 US$ | 101.08 billion constant 2010 US$ | 154.13 billion constant 2010 US$ | 10 |
| 1980s | 130.00 billion constant 2010 US$ | 114.54 billion constant 2010 US$ | 160.62 billion constant 2010 US$ | 10 |
| 1990s | 160.27 billion constant 2010 US$ | 153.18 billion constant 2010 US$ | 171.09 billion constant 2010 US$ | 10 |
| 2000s | 264.47 billion constant 2010 US$ | 179.68 billion constant 2010 US$ | 357.25 billion constant 2010 US$ | 10 |
| 2010s | 462.26 billion constant 2010 US$ | 385.86 billion constant 2010 US$ | 509.37 billion constant 2010 US$ | 10 |
| 2020s | 534.84 billion constant 2010 US$ | 500.23 billion constant 2010 US$ | 569.51 billion constant 2010 US$ | 5 |
Countries ranked near Nigeria
- 21 Poland 657.41 billion constant 2010 US$ compare
- 22 Sweden 580.45 billion constant 2010 US$ compare
- 23 Argentina 578.84 billion constant 2010 US$ compare
- 25 Belgium 532.53 billion constant 2010 US$ compare
- 26 Iran 529.14 billion constant 2010 US$ compare
- 27 Ireland 492.37 billion constant 2010 US$ compare
More population data for Nigeria
- Population regions with projections, annual growth rate 0.0306 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -3.23 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.0306 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.1509 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 377,460 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 2.22 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.5063 % change on previous year (2100)
- Population growth rate 0.023 (2100)
- Population density 523.46 (2100)
- Projected population under age 5 32.05 million (2100)
Frequently asked questions
- What is gdp at market prices in Nigeria?
- Gdp at market prices in Nigeria was 569.51 billion constant 2010 US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp at market prices recorded in Nigeria?
- The highest recorded value was 569.51 billion constant 2010 US$ in 2024.
- What is the lowest gdp at market prices recorded in Nigeria?
- The lowest recorded value was 101.08 billion constant 2010 US$ in 1970.
- How does Nigeria rank for gdp at market prices?
- Nigeria ranks 24th out of 208 countries with data for 2024.
- Is gdp at market prices rising or falling in Nigeria?
- Over the last ten years it is up 18.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP at market prices (constant 2010 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release