GDP — all countries

GDP — Nigeria

GDP in Nigeria in 2025 — 290,794,361,542 US$. Ranked 49 in the world out of 186. Since 1960, the indicator has risen by 6,830%.

2025 291B US$ +15.27% vs 2024
World rank 49of 186
Period maximum 668B US$2019
Period minimum 4.2B US$1960

Trend over time

1960–2025 · US$

GDP — Nigeria, 1960–20250200B400B600B800B19601967197419811988199520022009201620231960: 4,196,174,502 US$1962: 4,909,399,176 US$1964: 5,552,931,319 US$1966: 6,366,917,453 US$1968: 5,200,997,920 US$1970: 12,546,094,982 US$1972: 12,274,416,018 US$1974: 24,846,641,318 US$1976: 36,308,883,249 US$1978: 36,527,862,209 US$1980: 64,201,788,123 US$1982: 142,769,363,314 US$1984: 73,484,359,521 US$1986: 54,805,852,581 US$1988: 49,648,470,440 US$1990: 54,035,795,388 US$1992: 52,058,181,854 US$1994: 80,399,613,064 US$1996: 185,730,236,700 US$1998: 218,416,200,673 US$2000: 69,171,451,627 US$2002: 95,054,059,303 US$2004: 135,764,731,646 US$2006: 238,454,997,161 US$2008: 339,476,276,258 US$2010: 366,990,417,129 US$2012: 463,971,018,239 US$2014: 574,183,763,412 US$2016: 404,649,125,252 US$2018: 421,739,251,509 US$2020: 598,586,817,817 US$2022: 646,950,257,575 US$2024: 252,261,880,140 US$2025: 290,794,361,542 US$
Change over the period: +287B (+6,829.99%) Average annual rate: 6.74 %

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Nigeria

Nigeria 291B US$
World 118T US$
Sub-Saharan Africa 2.21T US$
Western Africa computed 718B US$
Lower-middle-income countries computed 8.94T US$
GDP — Nigeria, by year Nigeria All countries CSV XLSX
Year US$ Change Change, %
2025 291B +38.53B +15.27%
2024 252B −235B −48.24%
2023 487B −160B −24.66%
2022 647B +37.8B +6.21%
2021 609B +10.56B +1.76%
2020 599B −69.63B −10.42%
2019 668B +246B +58.44%
2018 422B +45.99B +12.24%
2017 376B −28.9B −7.14%
2016 405B −88.38B −17.93%
2015 493B −81.16B −14.13%
2014 574B +54.07B +10.4%
2013 520B +56.15B +12.1%
2012 464B +49.5B +11.94%
2011 414B +47.48B +12.94%
2010 367B +71.98B +24.4%
2009 295B −44.47B −13.1%
2008 339B +61.22B +22%
2007 278B +39.81B +16.69%
2006 238B +62.78B +35.74%
2005 176B +39.91B +29.39%
2004 136B +31.03B +29.62%
2003 105B +9.68B +10.19%
2002 95.05B +21.5B +29.22%
2001 73.56B +4.39B +6.34%
2000 69.17B +10.03B +16.95%
1999 59.15B −159B −72.92%
1998 218B +17.57B +8.75%
1997 201B +15.12B +8.14%
1996 186B +44.81B +31.8%
1995 141B +60.52B +75.27%
1994 80.4B +23.68B +41.75%
1993 56.72B +4.66B +8.96%
1992 52.06B −7.47B −12.55%
1991 59.53B +5.49B +10.16%
1990 54.04B +10.03B +22.8%
1989 44B −5.65B −11.37%
1988 49.65B −3.03B −5.75%
1987 52.68B −2.13B −3.89%
1986 54.81B −18.94B −25.68%
1985 73.75B +261M +0.36%
1984 73.48B −23.61B −24.32%
1983 97.09B −45.67B −31.99%
1982 143B −21.71B −13.2%
1981 164B +100B +156.18%
1980 64.2B +16.94B +35.85%
1979 47.26B +10.73B +29.38%
1978 36.53B +492M +1.37%
1977 36.04B −273M −0.75%
1976 36.31B +8.53B +30.71%
1975 27.78B +2.93B +11.8%
1974 24.85B +9.68B +63.87%
1973 15.16B +2.89B +23.53%
1972 12.27B +3.09B +33.68%
1971 9.18B −3.36B −26.82%
1970 12.55B +5.91B +89.11%
1969 6.63B +1.43B +27.56%
1968 5.2B −2.24M −0.04%
1967 5.2B −1.16B −18.28%
1966 6.37B +492M +8.38%
1965 5.87B +322M +5.79%
1964 5.55B +387M +7.5%
1963 5.17B +256M +5.22%
1962 4.91B +442M +9.9%
1961 4.47B +271M +6.46%
1960 4.2B

About the indicator

Gross domestic product is the sum of gross value added by all resident producers, plus taxes on products and minus subsidies, in current prices and converted into US dollars at the official exchange rate. GDP in current dollars is convenient for comparing the size of economies in a given year, but it is poorly suited to trends over time: it is moved both by inflation and by exchange rate swings.

Important: For comparing trends over time there is GDP growth in constant prices, and for comparing living standards, GDP per capita at PPP.

Source: World Development Indicators (World Bank), license CC BY 4.0.