The Gross Domestic Product (GDP) in Nigeria was worth 448.10 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Nigeria represents 0.37 percent of the world economy.

GDP in Nigeria averaged 130.66 USD Billion from 1960 until 2019, reaching an all time high of 568.50 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 August of 2020. source: World Bank

GDP in Nigeria is expected to reach 250.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria GDP is projected to trend around 360.00 USD Billion in 2021 and 450.00 USD Billion in 2022, according to our econometric models.

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Nigeria GDP

Actual Previous Highest Lowest Dates Unit Frequency
448.10 398.20 568.50 4.20 1960 - 2019 USD Billion Yearly
Current USD

Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate -14.30 5.59 10.59 -14.30 percent [+]
GDP Annual Growth Rate 1.87 2.55 19.17 -7.81 percent [+]
GDP 448.10 398.20 568.50 4.20 USD Billion [+]
GDP Constant Prices 16893269.79 19750934.72 19750934.72 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2976480.11 2565487.78 3108123.30 17236.65 NGN Million [+]
GDP per capita 2386.90 2396.00 2563.90 1145.80 USD [+]
GDP per capita PPP 5135.50 5155.10 5516.40 2901.80 USD [+]
GDP From Agriculture 3677153.49 5093983.13 5408978.92 2594759.86 NGN Million [+]
GDP From Construction 682791.74 671110.60 752833.66 369190.91 NGN Million [+]
GDP From Manufacturing 1615390.58 1707263.24 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1591248.22 1429667.98 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 280721.30 427802.26 614330.87 280721.30 NGN Millions [+]
GDP From Services 6477202.90 7472196.49 7472196.49 4564086.31 NGN Millions [+]
GDP From Transport 296779.23 275118.66 296779.23 144848.60 NGN Millions [+]
GDP From Utilities 63971.30 120431.63 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.
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