The Gross Domestic Product (GDP) in Nigeria was worth 432.30 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Nigeria represents 0.38 percent of the world economy. source: World Bank

GDP in Nigeria averaged 134.82 USD Billion from 1960 until 2020, reaching an all time high of 546.70 USD Billion in 2014 and a record low of 4.20 USD Billion in 1960. This page provides the latest reported value for - Nigeria GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria GDP - values, historical data and charts - was last updated on September of 2021.

GDP in Nigeria is expected to reach 440.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria GDP is projected to trend around 445.00 USD Billion in 2022 and 450.00 USD Billion in 2023, according to our econometric models.

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Nigeria GDP

Actual Previous Highest Lowest Dates Unit Frequency
432.30 448.10 546.70 4.20 1960 - 2020 USD Billion Yearly
Current USD

Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate -13.90 -0.80 12.12 -14.27 percent [+]
GDP Annual Growth Rate 5.00 0.51 6.88 -6.10 percent [+]
GDP 432.30 448.10 546.70 4.20 USD Billion [+]
GDP Constant Prices 16694666.15 16826890.29 19550147.90 12583478.33 NGN Million [+]
Gross Fixed Capital Formation 2944319.35 2396979.75 3108123.30 17236.65 NGN Million [+]
GDP per capita 2273.22 2374.37 2550.47 1139.82 USD [+]
GDP per capita PPP 4916.72 5135.50 5516.39 2901.77 USD [+]
GDP From Agriculture 3969697.16 3760880.60 5484063.93 2594759.86 NGN Million [+]
GDP From Construction 532693.68 692520.88 752833.66 369190.91 NGN Million [+]
GDP From Manufacturing 1451511.22 1670393.69 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1239461.07 1556073.55 2406675.90 1147137.70 NGN Million [+]
GDP From Public Administration 368209.62 278241.06 614330.87 278241.06 NGN Millions [+]
GDP From Services 6694697.46 6514172.17 7707176.57 4564086.31 NGN Millions [+]
GDP From Transport 209788.41 231805.43 296779.23 118654.96 NGN Millions [+]
GDP From Utilities 183591.69 71340.47 183591.69 51342.43 NGN Million [+]


Nigeria GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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