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Nigeria

Economy overviewAfrica

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GDP4.1%
Inflation33.2%
Unemploy.3%
Debt39.3%
Invest.
Fiscal-1.3% GDP
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GDP Growth
4.1%
2024 · World Bank WDI
GDP per capita
Output per person at market prices (current USD)
$1k
▶ CHART
GDP (PPP) per capita
Output per person adjusted for local purchasing power
$9k
▶ CHART
GDP 5Y avg growth
Average real GDP growth rate over the last 5 years
1.3%
▶ CHART
Nominal GDP
Total economic output in current US dollars (billions)
$252.3bn
▶ CHART
GDP Growth — 10-year trend
Historical data
2024
4.1%
2023
3.3%
2022
4.3%
2021
1.1%
2020
-6.4%
2019
2.2%
2018
1.9%
2017
0.8%
2016
-1.6%
2015
2.7%
2014

Compare with peers

🇿🇦
South Africa
GDP: 0.5%
🇪🇬
Egypt
GDP: 2.4%
🇪🇹
Ethiopia
GDP: 7.6%
🇰🇪
Kenya
GDP: 4.7%
🇬🇭
Ghana
GDP: 5.6%
🇹🇿
Tanzania
GDP: 5.5%