GDP deflator (base year varies by country), annual growth rate in Nigeria
Nigeria: GDP deflator (base year varies by country), annual growth rate was 14.45 % change on previous year in 2024. ◆ Volatile
GDP deflator (base year varies by country), annual growth rate in Nigeria, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp deflator (base year varies by country), annual growth rate in Nigeria stood at 14.45 % change on previous year.
Compared with earlier readings it is up 14.5% on the previous year and up 209.9% over ten years.
Over the whole period, gdp deflator (base year varies by country), annual growth rate in Nigeria peaked at 219.01 % change on previous year in 1981 and was at its lowest, 0.6861 % change on previous year, in 2009.
That places Nigeria 23rd out of 211 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 deflator (base year varies by country), annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 1.36 % change on previous year | — |
| 1972 | 2.88 % change on previous year | +112.4% |
| 1973 | 5.34 % change on previous year | +85.4% |
| 1974 | 43.96 % change on previous year | +722.8% |
| 1975 | 23.5 % change on previous year | -46.5% |
| 1976 | 14.35 % change on previous year | -39.0% |
| 1977 | 10.72 % change on previous year | -25.3% |
| 1978 | 13.91 % change on previous year | +29.8% |
| 1979 | 11.49 % change on previous year | -17.4% |
| 1980 | 12.42 % change on previous year | +8.1% |
| 1981 | 219.01 % change on previous year | +1663.4% |
| 1982 | 14.8 % change on previous year | -93.2% |
| 1983 | 19.57 % change on previous year | +32.2% |
| 1984 | 5.65 % change on previous year | -71.1% |
| 1985 | 6.93 % change on previous year | +22.5% |
| 1986 | 5.42 % change on previous year | -21.8% |
| 1987 | 19.67 % change on previous year | +263.2% |
| 1988 | 20.18 % change on previous year | +2.6% |
| 1989 | 28.97 % change on previous year | +43.6% |
| 1990 | 6.67 % change on previous year | -77.0% |
| 1991 | 18.86 % change on previous year | +182.8% |
| 1992 | 46.75 % change on previous year | +147.8% |
| 1993 | 41.64 % change on previous year | -10.9% |
| 1994 | 43.3 % change on previous year | +4.0% |
| 1995 | 75.4 % change on previous year | +74.2% |
| 1996 | 26.49 % change on previous year | -64.9% |
| 1997 | 5.06 % change on previous year | -80.9% |
| 1998 | 6.01 % change on previous year | +18.9% |
| 1999 | 13.43 % change on previous year | +123.5% |
| 2000 | 22.67 % change on previous year | +68.8% |
| 2001 | 10.08 % change on previous year | -55.6% |
| 2002 | 21.11 % change on previous year | +109.5% |
| 2003 | 9.8 % change on previous year | -53.6% |
| 2004 | 22.37 % change on previous year | +128.1% |
| 2005 | 19.86 % change on previous year | -11.2% |
| 2006 | 23.86 % change on previous year | +20.2% |
| 2007 | 7.1 % change on previous year | -70.2% |
| 2008 | 7.92 % change on previous year | +11.6% |
| 2009 | 0.6861 % change on previous year | -91.3% |
| 2010 | 16.34 % change on previous year | +2282.0% |
| 2011 | 9.78 % change on previous year | -40.2% |
| 2012 | 9.95 % change on previous year | +1.7% |
| 2013 | 4.96 % change on previous year | -50.1% |
| 2014 | 4.66 % change on previous year | -6.1% |
| 2015 | 2.86 % change on previous year | -38.6% |
| 2016 | 9.54 % change on previous year | +233.2% |
| 2017 | 11.12 % change on previous year | +16.5% |
| 2018 | 10.23 % change on previous year | -8.0% |
| 2019 | 10.38 % change on previous year | +1.5% |
| 2020 | 7.85 % change on previous year | -24.4% |
| 2021 | 10.13 % change on previous year | +29.1% |
| 2022 | 11.31 % change on previous year | +11.7% |
| 2023 | 12.62 % change on previous year | +11.6% |
| 2024 | 14.45 % change on previous year | +14.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.17 % change on previous year | 1.36 % change on previous year | 43.96 % change on previous year | 9 |
| 1980s | 35.26 % change on previous year | 5.42 % change on previous year | 219.01 % change on previous year | 10 |
| 1990s | 28.36 % change on previous year | 5.06 % change on previous year | 75.4 % change on previous year | 10 |
| 2000s | 14.55 % change on previous year | 0.6861 % change on previous year | 23.86 % change on previous year | 10 |
| 2010s | 8.98 % change on previous year | 2.86 % change on previous year | 16.34 % change on previous year | 10 |
| 2020s | 11.27 % change on previous year | 7.85 % change on previous year | 14.45 % change on previous year | 5 |
Countries ranked near Nigeria
- 20 Zambia 18.78 % change on previous year compare
- 21 South Sudan 17.69 % change on previous year compare
- 22 Yemen 14.85 % change on previous year compare
- 24 Sao Tome and Principe 14.35 % change on previous year compare
- 25 Congo, Democratic Republic of the 14.31 % change on previous year compare
- 26 American Samoa 14.15 % change on previous year 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)
- World population growth 0.0% (2100)
- Population density 523.46 people per km² (2100)
- Number of children under 5, by world region 32.05 million people (2100)
Frequently asked questions
- What is gdp deflator (base year varies by country), annual growth rate in Nigeria?
- Gdp deflator (base year varies by country), annual growth rate in Nigeria was 14.45 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator (base year varies by country), annual growth rate recorded in Nigeria?
- The highest recorded value was 219.01 % change on previous year in 1981.
- What is the lowest gdp deflator (base year varies by country), annual growth rate recorded in Nigeria?
- The lowest recorded value was 0.6861 % change on previous year in 2009.
- How does Nigeria rank for gdp deflator (base year varies by country), annual growth rate?
- Nigeria ranks 23rd out of 211 countries with data for 2024.
- Is gdp deflator (base year varies by country), annual growth rate rising or falling in Nigeria?
- Over the last ten years it is up 209.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of GDP deflator (base year varies by country), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP deflator UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.