The Gross Domestic Product (GDP) in Nigeria contracted 19.87 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Nigeria averaged 0.69 percent from 2010 until 2026, reaching an all time high of 13.11 percent in the third quarter of 2024 and a record low of -19.87 percent in the first quarter of 2026. source: National Bureau Of Statistics, Nigeria



Related Last Previous Unit Reference
Full Year GDP Growth 10.60 2.50 percent Dec 2024
GDP Growth Rate YoY 3.89 4.07 percent Mar 2026
GDP Constant Prices 51261306.14 63969484.82 NGN Million Mar 2026
GDP from Agriculture 11872703.68 18332954.99 NGN Million Mar 2026
GDP from Construction 2485698.56 2504245.94 NGN Million Mar 2026
GDP from Manufacturing 4905643.96 4735499.45 NGN Million Mar 2026
GDP from Mining 2121388.36 2024411.44 NGN Million Mar 2026
GDP from Public Administration 1077319.93 1675215.00 NGN Million Mar 2026
GDP from Services 29594541.09 35770833.73 NGN Million Mar 2026
GDP from Transport 524840.64 651202.72 NGN Million Mar 2026
GDP from Utilities 281330.49 601539.27 NGN Million Mar 2026
GDP Growth Oil Sector 2.57 6.79 percent Mar 2026
GDP Growth Rate -19.87 12.16 percent Mar 2026
Gross Fixed Capital Formation 2914571.33 2617119.11 NGN Million Dec 2024


Nigeria GDP Growth Rate
Nigeria is one of the most developed countries in Africa. Services is the largest sector of the economy, accounting for about 50 percent of total GDP. One of the fastest growing segments in Services are Information and Communication, which together account for about 10 percent of the total output. Agriculture, which in the past was the biggest sector, now weights around 23 percent. Crude Petroleum and Natural Gas constitute only 11 percent of total GDP, while being the main exports. Industry and Construction account for the remaining 16 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
-19.87 12.16 13.11 -19.87 2010 - 2026 percent Quarterly