The Gross Domestic Product (GDP) in Nigeria was worth 397.30 billion US dollars in 2018. The GDP value of Nigeria represents 0.64 percent of the world economy. GDP in Nigeria averaged 125.26 USD Billion from 1960 until 2018, reaching an all time high of 568.50 USD Billion in 2014 and a record low of 4.20 USD Billion in 1960. source: World Bank

GDP in Nigeria is expected to be 560.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria GDP is projected to trend around 680.00 USD Billion in 2020, according to our econometric models.

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Nigeria GDP

Actual Previous Highest Lowest Dates Unit Frequency
397.30 375.70 568.50 4.20 1960 - 2018 USD Billion Yearly
Current USD


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.

Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 9.23 3.02 10.59 -13.97 percent [+]
GDP Annual Growth Rate 2.28 2.12 19.17 -7.81 percent [+]
GDP 397.30 375.70 568.50 4.20 USD Billion [+]
GDP Constant Prices 18697323.82 17047418.43 19277641.99 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2798505.79 2799691.71 2876293.11 17236.65 NGN Million [+]
GDP per capita 2396.30 2412.40 2563.90 1145.80 USD [+]
GDP per capita PPP 5315.82 5351.44 5687.59 2991.83 USD [+]
GDP From Agriculture 5408978.92 3857705.59 5408978.92 2594759.86 NGN Million [+]
GDP From Construction 557147.53 752833.66 752833.66 369190.91 NGN Million [+]
GDP From Manufacturing 1616584.66 1537522.17 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1806746.96 1491129.02 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 367755.38 367112.43 614330.87 307550.32 NGN Millions [+]
GDP From Services 6517283.97 6259209.21 7196009.75 4564086.31 NGN Millions [+]
GDP From Transport 261809.92 233705.81 288637.00 144848.60 NGN Millions [+]
GDP From Utilities 117091.44 64825.41 127728.46 51342.43 NGN Million [+]