Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0
Latest: Switzerland 12:00 SNB Gov Board Member Zurbrugg Speaks Forecast: 0
Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0

Nigeria GDP Data: Value, Growth Rate, Per Capita and Structure

Nigeria GDP Indicators

Indicator Data Period
GDP Value 477 USD Billion 2022
GDP Annual Growth Rate 2.51 % 2Q/23
GDP Growth Rate -15.65 % 1Q/23
GDP per capita 2450 USD 2022
GDP Constant Prices 17719336 NGN Million | 23.206 B USD 2Q/23
GDP per capita PPP 4963 USD 2022
GDP From Agriculture  4077716 NGN Million | 5.34 B USD 2Q/23
GDP From Construction  573058 NGN Million | 0.751 B USD 2Q/23
GDP From Manufacturing  1528006 NGN Million | 2.001 B USD 2Q/23
GDP From Mining  946739 NGN Million | 1.24 B USD 2Q/23
GDP From Public Administration  383786 NGN Million | 0.503 B USD 2Q/23
GDP From Services  7576045 NGN Million | 9.922 B USD 2Q/23
GDP From Transport  157034 NGN Million | 0.206 B USD 2Q/23
GDP From Utilities  199723 NGN Million | 0.262 B USD 2Q/23


Latest data on GDP Value (USD Billion)

GDP Value
                     Nigeria - Historical Data (USD Billion)

What is Nigeria GDP Value?

  • The volume of Gross Domestic Product in Nigeria increased to 477 USD Billion in 2022. The maximum volume was 547 USD Billion and minimum was 4.2 USD Billion.
  • Data published Yearly by World Bank.

Historical Data (USD Billion) by years

Data
Period
Date
477 2022 30.06.2023
441 2021 06.07.2022
432 2020 02.07.2021
448 2019 06.03.2020
397 2018 04.07.2019
375.8 2017 06.07.2018
405 2016 19.06.2018


Historical Chart by presidents (USD Billion)

GDP Value in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Muhammadu Buhari 29.05.2015 - 405.1000 405.0000 405.1000 405.0000 -0.02%


Latest data on GDP Annual Growth Rate (%)

GDP Annual Growth Rate
                     Nigeria - Historical Data (%)

What is annual GDP growth rate in Nigeria?

  • GDP Annual Growth Rate in Nigeria increased by 2.51 % in the second quarter of 2023. The maximum growth was 6.88 % and minimum was -6.1 %
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (%) by years

Data
Period
Date
2.51 2Q/23 25.08.2023
2.31 1Q/23 24.05.2023
3.52 4Q/22 22.02.2023
2.25 3Q/22 24.11.2022
3.54 2Q/22 26.08.2022
3.11 1Q/22 23.05.2022
3.98 4Q/21 17.02.2022
4 3Q/21 18.01.2022


Historical Chart by YoY presidents (%)

GDP Annual Growth Rate in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Muhammadu Buhari 29.05.2015 - 1.9400 1.9400 1.9400 1.9400 0.00%


Latest data on GDP Growth Rate (%)

GDP Growth Rate
                     Nigeria - Historical Data (%)

What is Nigeria GDP Growth Rate 2024?

  • GDP Growth Rate in Nigeria decreased by 15.65 % in the first quarter of 2023 over the previous quarter. The maximum growth rate was 12.12 % and minimum was -14.27 %.
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (%) by years

Data
Period
Date
-15.65 1Q/23 24.05.2023
10.99 4Q/22 22.02.2023
9.68 3Q/22 18.11.2022
-0.37 2Q/22 26.09.2022
-14.66 1Q/22 23.05.2022
9.63 4Q/21 17.02.2022
11.1 3Q/21 18.01.2022
-13.9 1Q/21 24.05.2021


Historical Chart by QoQ presidents (%)

GDP Growth Rate in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Muhammadu Buhari 29.05.2015 - -13.4000 -13.4000 -13.4000 -13.4000 0.00%


Latest data on GDP per capita (USD)

GDP per capita
                     Nigeria - Historical Data (USD)

What is Nigeria GDP per capita?

  • GDP per capita in Nigeria increased to 2450 USD in 2022. The maximum level was 2550 USD and minimum was 1140 USD.
  • Data published Yearly by World Bank.

Historical Data (USD) by years

Data
Period
Date
2450 2022 30.06.2023
2430 2021 12.07.2022
2396 2020 02.07.2021
2387 2019 07.07.2020
2396 2018 04.07.2019
2412.41 2017 07.07.2018
2457.8 2016 11.08.2017


Historical Chart by presidents (USD)

GDP per capita in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Muhammadu Buhari 29.05.2015 - 2457.8000 2457.8000 2457.8000 2457.8000 0.00%


Latest data on GDP Constant Prices (NGN Million)

GDP Constant Prices
                     Nigeria - Historical Data (NGN Million)

What is Nigeria GDP in Constant Prices?

  • Real GDP (Constant Prices) in Nigeria decreased to 17719336 NGN Million (23.206 B USD) in the second quarter of 2023. The maximum value was 19550148 NGN Million and minimum was 12583478 NGN Million.
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (NGN Million) by years

Data
Period
Date
17719336 2Q/23 25.08.2023
17750060 1Q/23 24.05.2023
21044250 4Q/22 22.02.2023
18959956 3Q/22 24.11.2022
17285884 2Q/22 26.08.2022
17349380 1Q/22 23.05.2022
20329062 4Q/21 17.02.2022
18543056 3Q/21 18.01.2022


Historical Chart by presidents (NGN Million)

GDP Constant Prices in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on GDP per capita PPP (USD)

GDP per capita PPP
                     Nigeria - Historical Data (USD)

What is Nigeria GDP per capita by purchasing power parity?

  • GDP per capita PPP (purchasing power parity) in Nigeria increased to 4963 USD in 2022. The maximum level was 5516 USD and minimum was 2902 USD.
  • Data published Yearly by World Bank.

Historical Data (USD) by years

Data
Period
Date
4963 2022 30.06.2023
4923 2021 07.07.2022
4917 2020 02.07.2021
5136 2019 07.07.2020
5316 2018 29.10.2019
5338 2017 04.07.2019


Historical Chart by presidents (USD)

GDP per capita PPP in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on GDP From Agriculture  (NGN Million)

GDP From Agriculture 
                     Nigeria - Historical Data (NGN Million)

What is Nigeria GDP From Agriculture?

  • GDP From Agriculture in Nigeria increased to 4077716 NGN Million (5.34 B USD) in the second quarter of 2023. The maximum level was 5484064 NGN Million and minimum was 2594760 NGN Million
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (NGN Million) by years

Data
Period
Date
4077716 2Q/23 25.08.2023
3844845 1Q/23 24.05.2023
5568555 4Q/22 22.02.2023
5625362 3Q/22 24.11.2022
4017424 2Q/22 26.08.2022
3879732 1Q/22 23.05.2022
5456896 4Q/21 19.02.2022
5550941 3Q/21 18.01.2022


Historical Chart by presidents (NGN Million)

GDP From Agriculture  in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on GDP From Construction  (NGN Million)

GDP From Construction 
                     Nigeria - Historical Data (NGN Million)

What is Nigeria GDP From Construction?

  • GDP from Construction in Nigeria decreased to 573058 NGN Million (0.751 B USD) in the second quarter of 2023. The maximum level was 752834 NGN Million and minimum was 369191 NGN Million
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (NGN Million) by years

Data
Period
Date
573058 2Q/23 25.08.2023
749763 1Q/23 27.05.2023
729456 4Q/22 22.02.2023
629359 3Q/22 24.11.2022
554111 2Q/22 26.08.2022
725999 1Q/22 23.05.2022
702726 4Q/21 17.02.2022
596446 3Q/21 18.01.2022


Historical Chart by presidents (NGN Million)

GDP From Construction  in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on GDP From Manufacturing  (NGN Million)

GDP From Manufacturing 
                     Nigeria - Historical Data (NGN Million)

What is Nigeria GDP From Manufacturing?

  • GDP from Manufacturing in Nigeria remained unchanged at 1528006 NGN Million (2.001 B USD) in the second quarter of 2023. The maximum volume was 1718985 NGN Million and minimum was 875408 NGN Million
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (NGN Million) by years

Data
Period
Date
1528006 2Q/23 25.08.2023
1797292 1Q/23 24.05.2023
1768538 4Q/22 22.02.2023
1628912 3Q/22 24.11.2022
1495122 2Q/22 26.08.2022
1768820 1Q/22 23.05.2022
1719789 4Q/21 19.02.2022
1660564 3Q/21 18.01.2022


Historical Chart by presidents (NGN Million)

GDP From Manufacturing  in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on GDP From Mining  (NGN Million)

GDP From Mining 
                     Nigeria - Historical Data (NGN Million)

What is Nigeria GDP From Mining?

  • GDP from Mining  in Nigeria decreased to 946739 NGN Million (1.24 B USD) in the second quarter of 2023. The maximum volume was 2406676 NGN Million and minimum was 1147138 NGN Million
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (NGN Million) by years

Data
Period
Date
946739 2Q/23 25.08.2023
1102439 1Q/23 24.05.2023
913548 4Q/22 22.02.2023
1073897 3Q/22 24.11.2022
1093607 2Q/22 26.08.2022
1150852 1Q/22 23.05.2022
1054721 4Q/21 17.02.2022
1388798 3Q/21 18.01.2022


Historical Chart by presidents (NGN Million)

GDP From Mining  in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on GDP From Public Administration  (NGN Million)

GDP From Public Administration 
                     Nigeria - Historical Data (NGN Million)

What is Nigeria GDP From Public Administration?

  • GDP from Public Administration  in Nigeria increased to 383786 NGN Million (0.503 B USD) in the second quarter of 2023. The maximum level was 614331 NGN Million and minimum was 278241 NGN Million
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (NGN Million) by years

Data
Period
Date
383786 2Q/23 25.08.2023
289342 1Q/23 24.05.2023
446757 4Q/22 22.02.2023
389183 3Q/22 24.11.2022
375595 2Q/22 26.08.2022
283591 1Q/22 23.05.2022
440437 4Q/21 17.02.2022
380337 3Q/21 18.01.2022


Historical Chart by presidents (NGN Million)

GDP From Public Administration  in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on GDP From Services  (NGN Million)

GDP From Services 
                     Nigeria - Historical Data (NGN Million)

What is Nigeria GDP From Services?

  • GDP from Services  in Nigeria increased to 7576045 NGN Million (9.922 B USD) in the second quarter of 2023. The maximum level was 7707177 NGN Million and minimum was 4564086 NGN Million
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (NGN Million) by years

Data
Period
Date
7576045 2Q/23 25.08.2023
7410965 1Q/23 24.05.2023
7048423 3Q/22 25.11.2022
7188065 2Q/22 27.08.2022
7018367 1Q/22 06.08.2022
8147459 4Q/21 19.02.2022
6545197 3Q/21 18.01.2022
6694697 2Q/21 26.08.2021


Historical Chart by presidents (NGN Million)

GDP From Services  in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on GDP From Transport  (NGN Million)

GDP From Transport 
                     Nigeria - Historical Data (NGN Million)

What is Nigeria GDP From Transport?

  • GDP from Transport  in Nigeria decreased to 157034 NGN Million (0.206 B USD) in the second quarter of 2023. The maximum level was 296779 NGN Million and minimum was 118655 NGN Million
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (NGN Million) by years

Data
Period
Date
157034 2Q/23 25.08.2023
209377 1Q/23 24.05.2023
338278 4Q/22 22.02.2023
254928 3Q/22 24.11.2022
318160 2Q/22 26.08.2022
191448 1Q/22 23.05.2022
335660 4Q/21 19.02.2022
180043 3Q/21 18.01.2022


Historical Chart by presidents (NGN Million)

GDP From Transport  in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on GDP From Utilities  (NGN Million)

GDP From Utilities 
                     Nigeria - Historical Data (NGN Million)

What is Nigeria GDP From Utilities?

  • GDP from Utilities  in Nigeria increased to 199723 NGN Million (0.262 B USD) in the second quarter of 2023. The maximum level was 394016 NGN Million and minimum was 51342 NGN Million
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (NGN Million) by years

Data
Period
Date
199723 2Q/23 25.08.2023
77068 1Q/23 24.05.2023
145772 4Q/22 22.02.2023
106384 3Q/22 24.11.2022
179909 2Q/22 26.08.2022
71775 1Q/22 23.05.2022
128311 4Q/21 17.02.2022
107693 3Q/21 18.01.2022


Historical Chart by presidents (NGN Million)

GDP From Utilities  in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other gdp indicators in Nigeria

Index Updated Actual Previous

GDP Value in other countries

Country Updated Actual Previous
Egypt 2022 477 B USD 425
Kenya 2022 113 B USD 110
Madagascar 2022 14.95 B USD 14.55
Zimbabwe 20 27.37 B USD 28.37
Tanzania 2022 75.71 B USD 70.66
Togo 2022 8.13 B USD 8.33
Tunisia 2022 46.66 B USD 46.69
Nigeria 2022 477 B USD 441
Sudan 2022 51.66 B USD 34.23
Morocco 2022 134 B USD 143
Senegal 2022 27.68 B USD 27.57
Seychelles 2022 1.59 B USD 1.29
South Africa 2022 406 B USD 419
Uganda 2022 45.56 B USD 40.51
Rwanda 2022 13.31 B USD 11.06
Liberia 2022 4 B USD 3.51
Zambia 2022 29.78 B USD 22.15
Mozambique 2022 17.85 B USD 15.78
Namibia 2022 12.61 B USD 12.45
Ghana 2022 72.84 B USD 79.16
Swaziland 2022 4.85 B USD 4.75
Libya 2022 45.75 B USD 39.8
South Sudan 2019 1 B USD 3.07
Somalia 2022 8.13 B USD 7.63
Algeria 2022 192 B USD 163
Angola 2022 107 B USD 65.69
Benin 2022 17.4 B USD 17.69
Botswana 2022 20.35 B USD 18.74
Burkina Faso 2022 18.88 B USD 19.74
Burundi 2022 3.07 B USD 2.78
Central African Republic 2022 2.38 B USD 2.52
Chad 2022 12.7 B USD 11.78
Comoros 2022 1.24 B USD 1.3
Republic of the Congo 2022 14.62 B USD 13.37
Djibouti 2022 3.52 B USD 3.37
Equatorial Guinea 2022 11.81 B USD 12.27
Ethiopia 2022 127 B USD 111
Gabon 2022 21.07 B USD 20.22
Gambia 2022 2.27 B USD 2.04
Guatemala 2022 95 B USD 86.05
Guinea 2022 21.23 B USD 16.09
Lesotho 2022 2.55 B USD 2.37
Malawi 2022 13.16 B USD 12.6
Mali 2022 18.83 B USD 19.31
Mauritania 2022 10.38 B USD 10
Niger 2022 13.97 B USD 14.92
Sao Tome and Principe 2022 0.55 B USD 0.53
Sierra Leone 2022 3.97 B USD 4.25