GDP growth in Nigeria
Nigeria: GDP growth was 3.4% in 2024. β Volatile
Latest (2024)
3.4%
Change on year
up 19.8%
World rank
97th
of 212 countries
All-time high
25.0%
in 1970
All-time low
-13.1%
in 1981
Years of data
55
1970β2024
GDP growth in Nigeria, 1970β2024
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.
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 growth rate by level of development 0.023 (2100)
- Projected population under age 5 32.05 million (2100)
- Population density 523.46 (2100)
- Population growth rate 0.023 (2100)
- Projected population under age 5, annual growth rate -0.5063 % change on previous year (2100)
- Fertility and wanted fertility 4.38 (2024)
- Refugee population by country or territory of asylum 96,387 (2024)
- Fertility vs unmet contraception 4.38 (2024)
- Fertility vs contraception 4.38 (2024)
- Natural population growth 2.12 (2023)
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 Β· JSON β 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release