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.

GDP in Nigeria is expected to be 500.00 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 650.00 USD Billion in 2020, according to our econometric models.

Nigeria GDP
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Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.85 -13.69 10.59 -13.97 percent [+]
GDP Annual Growth Rate 1.94 2.10 19.17 -7.81 percent [+]
GDP 397.30 375.70 568.50 4.20 USD Billion [+]
GDP Constant Prices 17047426.80 16569734.73 19277641.99 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2742192.51 2454034.29 2876293.00 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 3857705.59 3597916.08 5288339.21 2594759.86 NGN Million [+]
GDP From Construction 752833.66 671448.37 752833.66 369190.91 NGN Million [+]
GDP From Manufacturing 1537522.17 1608461.83 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1491129.02 1514641.29 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 367112.43 307550.32 614330.87 307550.32 NGN Millions [+]
GDP From Services 6517283.97 6259209.21 7196009.75 4564086.31 NGN Millions [+]
GDP From Transport 233705.81 288637.00 288637.00 144848.60 NGN Millions [+]
GDP From Utilities 117091.44 64825.41 127728.46 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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

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




Country Last Previous
United States 20494.10 Dec/18
Euro Area 13669.95 Dec/18
China 13608.15 Dec/18
Japan 4970.92 Dec/18
Germany 3996.76 Dec/18
United Kingdom 2825.21 Dec/18
France 2777.54 Dec/18
India 2726.32 Dec/18
Italy 2073.90 Dec/18
Brazil 1868.63 Dec/18
Canada 1709.30 Dec/18
Russia 1657.60 Dec/18
South Korea 1619.42 Dec/18
Australia 1432.20 Dec/18
Spain 1426.19 Dec/18
Mexico 1223.81 Dec/18
Indonesia 1042.17 Dec/18
Netherlands 912.87 Dec/18
Saudi Arabia 782.48 Dec/18
Turkey 766.51 Dec/18
Switzerland 705.50 Dec/18
Argentina 518.50 Dec/18
South Africa 366.30 Dec/18
Singapore 364.16 Dec/18


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