GDP (constant LCU) (UNESCO Institute) in Nigeria
Nigeria: GDP (constant LCU) (UNESCO Institute) was 80.61 trillion constant LCU in 2024. ◆ Volatile
Latest (2024)
80.61 trillion constant LCU
Change on year
up 3.4%
World rank
20th
of 212 countries
All-time high
80.61 trillion constant LCU
in 2024
All-time low
14.31 trillion constant LCU
in 1970
Years of data
55
1970–2024
GDP in Nigeria, 1970–2024
Source: UNESCO Institute for Statistics. Measured in constant LCU.
Analysis
Nigeria recorded 80.61 trillion constant LCU for gdp in 2024. That is the highest value across all 55 years on record.
The figure is up 3.4% on the previous year and up 18.6% over ten years.
Over the whole period, gdp in Nigeria peaked at 80.61 trillion constant LCU in 2024 and was at its lowest, 14.31 trillion constant LCU, in 1970.
That places Nigeria 20th out of 212 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU) (UNESCO Institute) in Nigeria, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 14.31 trillion constant LCU | — |
| 1971 | 16.34 trillion constant LCU | +14.2% |
| 1972 | 16.89 trillion constant LCU | +3.4% |
| 1973 | 17.80 trillion constant LCU | +5.4% |
| 1974 | 19.79 trillion constant LCU | +11.2% |
| 1975 | 18.76 trillion constant LCU | -5.2% |
| 1976 | 20.45 trillion constant LCU | +9.0% |
| 1977 | 21.68 trillion constant LCU | +6.0% |
| 1978 | 20.43 trillion constant LCU | -5.8% |
| 1979 | 21.82 trillion constant LCU | +6.8% |
| 1980 | 22.73 trillion constant LCU | +4.2% |
| 1981 | 19.75 trillion constant LCU | -13.1% |
| 1982 | 18.41 trillion constant LCU | -6.8% |
| 1983 | 16.39 trillion constant LCU | -10.9% |
| 1984 | 16.21 trillion constant LCU | -1.1% |
| 1985 | 17.17 trillion constant LCU | +5.9% |
| 1986 | 17.18 trillion constant LCU | +0.1% |
| 1987 | 17.73 trillion constant LCU | +3.2% |
| 1988 | 19.03 trillion constant LCU | +7.3% |
| 1989 | 19.40 trillion constant LCU | +1.9% |
| 1990 | 21.68 trillion constant LCU | +11.8% |
| 1991 | 21.76 trillion constant LCU | +0.4% |
| 1992 | 22.77 trillion constant LCU | +4.6% |
| 1993 | 22.30 trillion constant LCU | -2.0% |
| 1994 | 21.90 trillion constant LCU | -1.8% |
| 1995 | 21.88 trillion constant LCU | -0.1% |
| 1996 | 22.80 trillion constant LCU | +4.2% |
| 1997 | 23.47 trillion constant LCU | +2.9% |
| 1998 | 24.08 trillion constant LCU | +2.6% |
| 1999 | 24.22 trillion constant LCU | +0.6% |
| 2000 | 25.43 trillion constant LCU | +5.0% |
| 2001 | 26.94 trillion constant LCU | +5.9% |
| 2002 | 31.06 trillion constant LCU | +15.3% |
| 2003 | 33.35 trillion constant LCU | +7.3% |
| 2004 | 36.43 trillion constant LCU | +9.3% |
| 2005 | 38.78 trillion constant LCU | +6.4% |
| 2006 | 41.13 trillion constant LCU | +6.1% |
| 2007 | 43.84 trillion constant LCU | +6.6% |
| 2008 | 46.80 trillion constant LCU | +6.8% |
| 2009 | 50.56 trillion constant LCU | +8.0% |
| 2010 | 54.61 trillion constant LCU | +8.0% |
| 2011 | 57.51 trillion constant LCU | +5.3% |
| 2012 | 59.94 trillion constant LCU | +4.2% |
| 2013 | 63.94 trillion constant LCU | +6.7% |
| 2014 | 67.98 trillion constant LCU | +6.3% |
| 2015 | 69.78 trillion constant LCU | +2.7% |
| 2016 | 68.65 trillion constant LCU | -1.6% |
| 2017 | 69.21 trillion constant LCU | +0.8% |
| 2018 | 70.54 trillion constant LCU | +1.9% |
| 2019 | 72.09 trillion constant LCU | +2.2% |
| 2020 | 70.80 trillion constant LCU | -1.8% |
| 2021 | 73.38 trillion constant LCU | +3.6% |
| 2022 | 75.77 trillion constant LCU | +3.3% |
| 2023 | 77.94 trillion constant LCU | +2.9% |
| 2024 | 80.61 trillion constant LCU | +3.4% |
Nigeria compared with similar countries
- Nigeria's 80.61 trillion constant LCU is above the median for lower middle income countries, which is 660.05 billion constant LCU, 122.1× the median. (47 countries reporting)
- Nigeria's 80.61 trillion constant LCU is above the median for Sub-Saharan Africa, which is 2.34 trillion constant LCU, 34.5× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.83 trillion constant LCU | 14.31 trillion constant LCU | 21.82 trillion constant LCU | 10 |
| 1980s | 18.40 trillion constant LCU | 16.21 trillion constant LCU | 22.73 trillion constant LCU | 10 |
| 1990s | 22.68 trillion constant LCU | 21.68 trillion constant LCU | 24.22 trillion constant LCU | 10 |
| 2000s | 37.43 trillion constant LCU | 25.43 trillion constant LCU | 50.56 trillion constant LCU | 10 |
| 2010s | 65.43 trillion constant LCU | 54.61 trillion constant LCU | 72.09 trillion constant LCU | 10 |
| 2020s | 75.70 trillion constant LCU | 70.80 trillion constant LCU | 80.61 trillion constant LCU | 5 |
Countries ranked near Nigeria
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 in Nigeria?
- Gdp in Nigeria was 80.61 trillion constant LCU in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Nigeria?
- The highest recorded value was 80.61 trillion constant LCU in 2024.
- What is the lowest gdp recorded in Nigeria?
- The lowest recorded value was 14.31 trillion constant LCU in 1970.
- How does Nigeria rank for gdp?
- Nigeria ranks 20th out of 212 countries with data for 2024.
- Is gdp 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 (constant LCU). 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