GDP (current LCU) (UNESCO Institute) in Nigeria
Nigeria: GDP (current LCU) (UNESCO Institute) was 277.49 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
277.49 trillion current LCU
Change on year
up 18.4%
World rank
16th
of 211 countries
All-time high
277.49 trillion current LCU
in 2024
All-time low
8.96 billion current LCU
in 1970
Years of data
55
1970–2024
GDP in Nigeria, 1970–2024
Source: UNESCO Institute for Statistics. Measured in current LCU.
Analysis
In 2024, gdp in Nigeria stood at 277.49 trillion current LCU. That is the highest value across all 55 years on record.
That represents a change of up 18.4% on the previous year and up 207.9% over ten years.
Over the whole period, gdp in Nigeria peaked at 277.49 trillion current LCU in 2024 and was at its lowest, 8.96 billion current LCU, in 1970.
Nigeria ranks 16th of 211 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU) (UNESCO Institute) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 8.96 billion current LCU | — |
| 1971 | 10.38 billion current LCU | +15.8% |
| 1972 | 11.03 billion current LCU | +6.4% |
| 1973 | 12.25 billion current LCU | +11.0% |
| 1974 | 19.60 billion current LCU | +60.0% |
| 1975 | 22.95 billion current LCU | +17.0% |
| 1976 | 28.61 billion current LCU | +24.7% |
| 1977 | 33.59 billion current LCU | +17.4% |
| 1978 | 36.05 billion current LCU | +7.3% |
| 1979 | 42.91 billion current LCU | +19.0% |
| 1980 | 50.27 billion current LCU | +17.1% |
| 1981 | 139.31 billion current LCU | +177.1% |
| 1982 | 149.05 billion current LCU | +7.0% |
| 1983 | 158.75 billion current LCU | +6.5% |
| 1984 | 165.85 billion current LCU | +4.5% |
| 1985 | 187.83 billion current LCU | +13.3% |
| 1986 | 198.12 billion current LCU | +5.5% |
| 1987 | 244.68 billion current LCU | +23.5% |
| 1988 | 315.62 billion current LCU | +29.0% |
| 1989 | 414.86 billion current LCU | +31.4% |
| 1990 | 494.64 billion current LCU | +19.2% |
| 1991 | 590.06 billion current LCU | +19.3% |
| 1992 | 906.03 billion current LCU | +53.5% |
| 1993 | 1.26 trillion current LCU | +38.8% |
| 1994 | 1.77 trillion current LCU | +40.7% |
| 1995 | 3.10 trillion current LCU | +75.3% |
| 1996 | 4.09 trillion current LCU | +31.8% |
| 1997 | 4.42 trillion current LCU | +8.1% |
| 1998 | 4.81 trillion current LCU | +8.7% |
| 1999 | 5.48 trillion current LCU | +14.1% |
| 2000 | 7.06 trillion current LCU | +28.8% |
| 2001 | 8.23 trillion current LCU | +16.6% |
| 2002 | 11.50 trillion current LCU | +39.7% |
| 2003 | 13.56 trillion current LCU | +17.9% |
| 2004 | 18.12 trillion current LCU | +33.7% |
| 2005 | 23.12 trillion current LCU | +27.6% |
| 2006 | 30.38 trillion current LCU | +31.4% |
| 2007 | 34.68 trillion current LCU | +14.2% |
| 2008 | 39.95 trillion current LCU | +15.2% |
| 2009 | 43.46 trillion current LCU | +8.8% |
| 2010 | 54.61 trillion current LCU | +25.7% |
| 2011 | 63.13 trillion current LCU | +15.6% |
| 2012 | 72.35 trillion current LCU | +14.6% |
| 2013 | 81.01 trillion current LCU | +12.0% |
| 2014 | 90.14 trillion current LCU | +11.3% |
| 2015 | 95.18 trillion current LCU | +5.6% |
| 2016 | 102.58 trillion current LCU | +7.8% |
| 2017 | 114.90 trillion current LCU | +12.0% |
| 2018 | 129.09 trillion current LCU | +12.3% |
| 2019 | 145.64 trillion current LCU | +12.8% |
| 2020 | 154.25 trillion current LCU | +5.9% |
| 2021 | 176.08 trillion current LCU | +14.1% |
| 2022 | 202.37 trillion current LCU | +14.9% |
| 2023 | 234.43 trillion current LCU | +15.8% |
| 2024 | 277.49 trillion current LCU | +18.4% |
Nigeria compared with similar countries
- Nigeria's 277.49 trillion current LCU is above the median for lower middle income countries, which is 1.54 trillion current LCU, 180.7× the median. (47 countries reporting)
- Nigeria's 277.49 trillion current LCU is above the median for Sub-Saharan Africa, which is 8.64 trillion current LCU, 32.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU) (UNESCO Institute) 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 |
|---|---|---|---|
| 1981 | +177.1% | 50.27 billion current LCU | 139.31 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.63 billion current LCU | 8.96 billion current LCU | 42.91 billion current LCU | 10 |
| 1980s | 202.43 billion current LCU | 50.27 billion current LCU | 414.86 billion current LCU | 10 |
| 1990s | 2.69 trillion current LCU | 494.64 billion current LCU | 5.48 trillion current LCU | 10 |
| 2000s | 23.01 trillion current LCU | 7.06 trillion current LCU | 43.46 trillion current LCU | 10 |
| 2010s | 94.86 trillion current LCU | 54.61 trillion current LCU | 145.64 trillion current LCU | 10 |
| 2020s | 208.92 trillion current LCU | 154.25 trillion current LCU | 277.49 trillion current 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 277.49 trillion current LCU in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Nigeria?
- The highest recorded value was 277.49 trillion current LCU in 2024.
- What is the lowest gdp recorded in Nigeria?
- The lowest recorded value was 8.96 billion current LCU in 1970.
- How does Nigeria rank for gdp?
- Nigeria ranks 16th out of 211 countries with data for 2024.
- Is gdp rising or falling in Nigeria?
- Over the last ten years it is up 207.9%. 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 (current 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