The Gross Domestic Product (GDP) in Nigeria was worth 375.77 billion US dollars in 2017. The GDP value of Nigeria represents 0.61 percent of the world economy. GDP in Nigeria averaged 97.52 USD Billion from 1960 until 2017, 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 411.00 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 690.00 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 5.30 9.50 10.59 -13.98 percent [+]
GDP Annual Growth Rate 2.40 1.81 19.17 -7.81 percent [+]
GDP 375.77 404.70 568.50 4.20 USD Billion [+]
GDP Constant Prices 19041437.59 18081342.10 19041437.59 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2494431.00 2129258.00 2876293.00 17236.65 NGN Million [+]
GDP per capita 2412.41 2455.90 2563.10 1089.10 USD [+]
GDP per capita PPP 5338.45 5434.70 5671.90 2750.10 USD [+]
GDP From Agriculture 4978775.48 5288339.21 5288339.21 2594759.86 NGN Million [+]
GDP From Construction 662431.53 544228.74 747860.30 369190.91 NGN Million [+]
GDP From Manufacturing 1686416.37 1599043.51 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1344156.80 1696606.69 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 427538.21 365540.65 614330.87 358496.20 NGN Millions [+]
GDP From Services 6068482.62 6331541.15 7087965.28 4564086.31 NGN Millions [+]
GDP From Transport 277338.67 221416.44 277338.67 144848.60 NGN Millions [+]
GDP From Utilities 104510.68 111806.01 126320.85 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
375.77 404.70 568.50 4.20 1960 - 2017 USD Billion Yearly
Current USD




Country Last Previous
United States 19390.60 Dec/17
Euro Area 12589.50 Dec/17
China 12237.70 Dec/17
Japan 4872.14 Dec/17
Germany 3677.44 Dec/17
United Kingdom 2622.43 Dec/17
India 2597.49 Dec/17
France 2582.50 Dec/17
Brazil 2055.51 Dec/17
Italy 1934.80 Dec/17
Canada 1653.04 Dec/17
Russia 1577.52 Dec/17
South Korea 1530.75 Dec/17
Australia 1323.42 Dec/17
Spain 1311.32 Dec/17
Mexico 1149.92 Dec/17
Indonesia 1015.54 Dec/17
Turkey 851.10 Dec/17
Netherlands 826.20 Dec/17
Saudi Arabia 683.83 Dec/17
Switzerland 678.89 Dec/17
Argentina 637.59 Dec/17
South Africa 349.42 Dec/17
Singapore 323.91 Dec/17


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