GDP (current US$) (UNESCO Institute) in Nigeria
Nigeria: GDP (current US$) (UNESCO Institute) was 187.76 billion current US$ in 2024. ◆ Volatile
Latest (2024)
187.76 billion current US$
Change on year
down 48.4%
World rank
58th
of 211 countries
All-time high
574.18 billion current US$
in 2014
All-time low
9.18 billion current US$
in 1971
Years of data
55
1970–2024
GDP in Nigeria, 1970–2024
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
In 2024, gdp in Nigeria stood at 187.76 billion current US$.
That represents a change of down 48.4% on the previous year and down 67.3% over ten years.
Over the whole period, gdp in Nigeria peaked at 574.18 billion current US$ in 2014 and was at its lowest, 9.18 billion current US$, in 1971.
That places Nigeria 58th out of 211 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$) (UNESCO Institute) in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 12.55 billion current US$ | — |
| 1971 | 9.18 billion current US$ | -26.8% |
| 1972 | 12.27 billion current US$ | +33.7% |
| 1973 | 15.16 billion current US$ | +23.5% |
| 1974 | 24.85 billion current US$ | +63.9% |
| 1975 | 27.78 billion current US$ | +11.8% |
| 1976 | 36.31 billion current US$ | +30.7% |
| 1977 | 36.04 billion current US$ | -0.8% |
| 1978 | 36.53 billion current US$ | +1.4% |
| 1979 | 47.26 billion current US$ | +29.4% |
| 1980 | 64.20 billion current US$ | +35.8% |
| 1981 | 164.47 billion current US$ | +156.2% |
| 1982 | 142.77 billion current US$ | -13.2% |
| 1983 | 97.09 billion current US$ | -32.0% |
| 1984 | 73.48 billion current US$ | -24.3% |
| 1985 | 73.75 billion current US$ | +0.4% |
| 1986 | 54.81 billion current US$ | -25.7% |
| 1987 | 52.68 billion current US$ | -3.9% |
| 1988 | 49.65 billion current US$ | -5.7% |
| 1989 | 44.00 billion current US$ | -11.4% |
| 1990 | 54.04 billion current US$ | +22.8% |
| 1991 | 59.53 billion current US$ | +10.2% |
| 1992 | 52.06 billion current US$ | -12.5% |
| 1993 | 56.72 billion current US$ | +9.0% |
| 1994 | 80.40 billion current US$ | +41.7% |
| 1995 | 140.92 billion current US$ | +75.3% |
| 1996 | 185.73 billion current US$ | +31.8% |
| 1997 | 200.85 billion current US$ | +8.1% |
| 1998 | 218.42 billion current US$ | +8.7% |
| 1999 | 59.15 billion current US$ | -72.9% |
| 2000 | 69.17 billion current US$ | +17.0% |
| 2001 | 73.56 billion current US$ | +6.3% |
| 2002 | 95.05 billion current US$ | +29.2% |
| 2003 | 104.74 billion current US$ | +10.2% |
| 2004 | 135.76 billion current US$ | +29.6% |
| 2005 | 175.67 billion current US$ | +29.4% |
| 2006 | 238.46 billion current US$ | +35.7% |
| 2007 | 278.26 billion current US$ | +16.7% |
| 2008 | 339.48 billion current US$ | +22.0% |
| 2009 | 295.01 billion current US$ | -13.1% |
| 2010 | 366.99 billion current US$ | +24.4% |
| 2011 | 414.47 billion current US$ | +12.9% |
| 2012 | 463.97 billion current US$ | +11.9% |
| 2013 | 520.12 billion current US$ | +12.1% |
| 2014 | 574.18 billion current US$ | +10.4% |
| 2015 | 493.03 billion current US$ | -14.1% |
| 2016 | 404.65 billion current US$ | -17.9% |
| 2017 | 375.75 billion current US$ | -7.1% |
| 2018 | 421.74 billion current US$ | +12.2% |
| 2019 | 474.52 billion current US$ | +12.5% |
| 2020 | 432.20 billion current US$ | -8.9% |
| 2021 | 440.83 billion current US$ | +2.0% |
| 2022 | 477.40 billion current US$ | +8.3% |
| 2023 | 363.85 billion current US$ | -23.8% |
| 2024 | 187.76 billion current US$ | -48.4% |
Nigeria compared with similar countries
- Nigeria's 187.76 billion current US$ is above the median for lower middle income countries, which is 26.33 billion current US$, 7.1× the median. (47 countries reporting)
- Nigeria's 187.76 billion current US$ is above the median for Sub-Saharan Africa, which is 18.41 billion current US$, 10.2× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.79 billion current US$ | 9.18 billion current US$ | 47.26 billion current US$ | 10 |
| 1980s | 81.69 billion current US$ | 44.00 billion current US$ | 164.47 billion current US$ | 10 |
| 1990s | 110.78 billion current US$ | 52.06 billion current US$ | 218.42 billion current US$ | 10 |
| 2000s | 180.52 billion current US$ | 69.17 billion current US$ | 339.48 billion current US$ | 10 |
| 2010s | 450.94 billion current US$ | 366.99 billion current US$ | 574.18 billion current US$ | 10 |
| 2020s | 380.41 billion current US$ | 187.76 billion current US$ | 477.40 billion current US$ | 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 187.76 billion current US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Nigeria?
- The highest recorded value was 574.18 billion current US$ in 2014.
- What is the lowest gdp recorded in Nigeria?
- The lowest recorded value was 9.18 billion current US$ in 1971.
- How does Nigeria rank for gdp?
- Nigeria ranks 58th out of 211 countries with data for 2024.
- Is gdp rising or falling in Nigeria?
- Over the last ten years it is down 67.3%. 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 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