GDP growth (annual %) (UNESCO Institute) in Nigeria
Nigeria: GDP growth (annual %) (UNESCO Institute) was 3.4% in 2024. ◆ Volatile
GDP growth in Nigeria, 1970–2024
Source: UNESCO Institute for Statistics. Measured in annual %.
Analysis
In 2024, gdp growth in Nigeria stood at 3.4%.
That represents a change of up 19.8% on the previous year and down 45.7% over ten years.
Over the whole period, gdp growth in Nigeria peaked at 25.0% in 1970 and was at its lowest, -13.1%, in 1981.
Nigeria ranks 97th of 212 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth (annual %) (UNESCO Institute) in Nigeria, year by year
| Year | annual % | Change |
|---|---|---|
| 1970 | 25.0% | — |
| 1971 | 14.2% | -43.1% |
| 1972 | 3.4% | -76.4% |
| 1973 | 5.4% | +60.3% |
| 1974 | 11.2% | +107.0% |
| 1975 | -5.2% | -146.8% |
| 1976 | 9.0% | -273.0% |
| 1977 | 6.0% | -33.4% |
| 1978 | -5.8% | -195.7% |
| 1979 | 6.8% | -217.3% |
| 1980 | 4.2% | -37.8% |
| 1981 | -13.1% | -412.2% |
| 1982 | -6.8% | -48.2% |
| 1983 | -10.9% | +60.6% |
| 1984 | -1.1% | -89.8% |
| 1985 | 5.9% | -630.0% |
| 1986 | 0.1% | -99.0% |
| 1987 | 3.2% | +5150.4% |
| 1988 | 7.3% | +129.2% |
| 1989 | 1.9% | -73.8% |
| 1990 | 11.8% | +513.6% |
| 1991 | 0.4% | -97.0% |
| 1992 | 4.6% | +1192.4% |
| 1993 | -2.0% | -143.9% |
| 1994 | -1.8% | -10.8% |
| 1995 | -0.1% | -96.0% |
| 1996 | 4.2% | -5874.7% |
| 1997 | 2.9% | -30.0% |
| 1998 | 2.6% | -12.1% |
| 1999 | 0.6% | -77.4% |
| 2000 | 5.0% | +758.7% |
| 2001 | 5.9% | +18.0% |
| 2002 | 15.3% | +159.0% |
| 2003 | 7.3% | -52.1% |
| 2004 | 9.3% | +25.9% |
| 2005 | 6.4% | -30.4% |
| 2006 | 6.1% | -5.9% |
| 2007 | 6.6% | +8.8% |
| 2008 | 6.8% | +2.6% |
| 2009 | 8.0% | +18.8% |
| 2010 | 8.0% | -0.4% |
| 2011 | 5.3% | -33.7% |
| 2012 | 4.2% | -20.3% |
| 2013 | 6.7% | +57.7% |
| 2014 | 6.3% | -5.4% |
| 2015 | 2.7% | -58.0% |
| 2016 | -1.6% | -161.0% |
| 2017 | 0.8% | -149.8% |
| 2018 | 1.9% | +138.6% |
| 2019 | 2.2% | +14.9% |
| 2020 | -1.8% | -181.2% |
| 2021 | 3.6% | -303.3% |
| 2022 | 3.3% | -10.8% |
| 2023 | 2.9% | -12.0% |
| 2024 | 3.4% | +19.8% |
Nigeria compared with similar countries
- Nigeria's 3.4% is below the median for lower middle income countries, which is 3.7%, 92% of the median. (47 countries reporting)
- Nigeria's 3.4% is below the median for Sub-Saharan Africa, which is 4.1%, 83% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP growth (annual %) (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 |
|---|---|---|---|
| 1996 | +5874.7% | -0.1% | 4.2% |
| 1987 | +5150.4% | 0.1% | 3.2% |
| 1992 | +1192.4% | 0.4% | 4.6% |
| 2000 | +758.7% | 0.6% | 5.0% |
| 1985 | +630.0% | -1.1% | 5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.0% | -5.8% | 25.0% | 10 |
| 1980s | -0.9% | -13.1% | 7.3% | 10 |
| 1990s | 2.3% | -2.0% | 11.8% | 10 |
| 2000s | 7.7% | 5.0% | 15.3% | 10 |
| 2010s | 3.6% | -1.6% | 8.0% | 10 |
| 2020s | 2.3% | -1.8% | 3.6% | 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 growth in Nigeria?
- Gdp growth in Nigeria was 3.4% in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp growth recorded in Nigeria?
- The highest recorded value was 25.0% in 1970.
- What is the lowest gdp growth recorded in Nigeria?
- The lowest recorded value was -13.1% in 1981.
- How does Nigeria rank for gdp growth?
- Nigeria ranks 97th out of 212 countries with data for 2024.
- Is gdp growth rising or falling in Nigeria?
- Over the last ten years it is down 45.7%. 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 growth (annual %). 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