Nigeria Economy Statistics
Federal Republic of Nigeria · Africa · Western Africa · Capital: Abuja
Key Indicators
GDP (Current USD)
$252.26B
GDP Per Capita (USD)
$1,084.16
GDP Growth Rate (%)
4.1%
Inflation Rate (%)
33.2%
Unemployment Rate (%)
3.1%
Foreign Direct Investment (USD)
$1.08B
Historical Trends
GDP (Current USD)
GDP Per Capita (USD)
GDP Growth Rate (%)
Inflation Rate (%)
Complete Data
GDP (Current USD)
| Year | Value | Change |
|---|---|---|
| 2024 | $252.26B | -48.2% |
| 2023 | $487.39B | -24.7% |
| 2022 | $646.95B | +6.2% |
| 2021 | $609.15B | +1.8% |
| 2020 | $598.59B | -10.4% |
| 2019 | $668.22B | +58.4% |
| 2018 | $421.74B | +12.2% |
| 2017 | $375.75B | -7.1% |
| 2016 | $404.65B | -17.9% |
| 2015 | $493.03B | -14.1% |
| 2014 | $574.18B | +10.4% |
| 2013 | $520.12B | +12.1% |
| 2012 | $463.97B | +11.9% |
| 2011 | $414.47B | +12.9% |
| 2010 | $366.99B | +24.4% |
| 2009 | $295.01B | -13.1% |
| 2008 | $339.48B | +22.0% |
| 2007 | $278.26B | +16.7% |
| 2006 | $238.45B | +35.7% |
| 2005 | $175.67B | — |
GDP Per Capita (USD)
| Year | Value | Change |
|---|---|---|
| 2024 | $1,084.16 | -49.3% |
| 2023 | $2,138.764 | -26.2% |
| 2022 | $2,899.161 | +4.0% |
| 2021 | $2,787.488 | -0.3% |
| 2020 | $2,797.185 | -12.3% |
| 2019 | $3,189.813 | +55.0% |
| 2018 | $2,057.879 | +9.7% |
| 2017 | $1,876.34 | -9.4% |
| 2016 | $2,070.413 | -19.9% |
| 2015 | $2,585.734 | -16.3% |
| 2014 | $3,088.721 | +7.5% |
| 2013 | $2,872.791 | +9.1% |
| 2012 | $2,633.197 | +8.9% |
| 2011 | $2,418.413 | +9.8% |
| 2010 | $2,202.257 | +21.0% |
| 2009 | $1,820.486 | -15.5% |
| 2008 | $2,154.105 | +18.6% |
| 2007 | $1,815.527 | +13.5% |
| 2006 | $1,599.539 | +32.0% |
| 2005 | $1,211.377 | — |
GDP Growth Rate (%)
| Year | Value | Change |
|---|---|---|
| 2024 | 4.06% | +22.1% |
| 2023 | 3.33% | -23.0% |
| 2022 | 4.32% | +289.3% |
| 2021 | 1.11% | +117.4% |
| 2020 | -6.37% | -388.4% |
| 2019 | 2.21% | +14.9% |
| 2018 | 1.92% | +138.6% |
| 2017 | 0.81% | +149.8% |
| 2016 | -1.62% | -161.0% |
| 2015 | 2.65% | -58.0% |
| 2014 | 6.31% | -5.4% |
| 2013 | 6.67% | +57.7% |
| 2012 | 4.23% | -20.3% |
| 2011 | 5.31% | -33.7% |
| 2010 | 8.01% | -0.4% |
| 2009 | 8.04% | +18.8% |
| 2008 | 6.76% | +2.6% |
| 2007 | 6.59% | +8.8% |
| 2006 | 6.06% | -5.9% |
| 2005 | 6.44% | — |
Inflation Rate (%)
| Year | Value | Change |
|---|---|---|
| 2024 | 33.24% | +34.8% |
| 2023 | 24.66% | +30.8% |
| 2022 | 18.85% | +11.2% |
| 2021 | 16.95% | +28.0% |
| 2020 | 13.25% | +16.2% |
| 2019 | 11.40% | -5.8% |
| 2018 | 12.10% | -26.7% |
| 2017 | 16.50% | +5.1% |
| 2016 | 15.70% | +74.2% |
| 2015 | 9.01% | +12.0% |
| 2014 | 8.05% | -5.3% |
| 2013 | 8.50% | -30.5% |
| 2012 | 12.22% | +12.9% |
| 2011 | 10.83% | -21.2% |
| 2010 | 13.74% | +9.6% |
| 2009 | 12.54% | +8.3% |
| 2008 | 11.58% | +114.9% |
| 2007 | 5.39% | -34.5% |
| 2006 | 8.23% | -54.0% |
| 2005 | 17.86% | — |
Unemployment Rate (%)
| Year | Value | Change |
|---|---|---|
| 2025 | 3.06% | +0.6% |
| 2024 | 3.04% | -0.9% |
| 2023 | 3.07% | -19.7% |
| 2022 | 3.83% | -29.2% |
| 2021 | 5.40% | -5.4% |
| 2020 | 5.71% | +9.8% |
| 2019 | 5.21% | +2.7% |
| 2018 | 5.07% | +4.9% |
| 2017 | 4.83% | +7.4% |
| 2016 | 4.50% | +8.8% |
| 2015 | 4.13% | +6.0% |
| 2014 | 3.90% | +5.1% |
| 2013 | 3.71% | -1.3% |
| 2012 | 3.76% | -0.2% |
| 2011 | 3.77% | +0.7% |
| 2010 | 3.74% | -0.5% |
| 2009 | 3.76% | -0.8% |
| 2008 | 3.79% | -0.1% |
| 2007 | 3.79% | +1.2% |
| 2006 | 3.75% | — |
Foreign Direct Investment (USD)
| Year | Value | Change |
|---|---|---|
| 2024 | $1.08B | -42.3% |
| 2023 | $1.87B | +1102.5% |
| 2022 | $-186,792,428.931 | -105.6% |
| 2021 | $3.31B | +38.9% |
| 2020 | $2.39B | +3.5% |
| 2019 | $2.31B | +197.3% |
| 2018 | $775.25M | -67.9% |
| 2017 | $2.41B | -30.1% |
| 2016 | $3.45B | +12.7% |
| 2015 | $3.06B | -34.7% |
| 2014 | $4.69B | -15.6% |
| 2013 | $5.56B | -21.3% |
| 2012 | $7.07B | -20.0% |
| 2011 | $8.84B | +46.7% |
| 2010 | $6.03B | -29.6% |
| 2009 | $8.56B | +4.4% |
| 2008 | $8.19B | +35.8% |
| 2007 | $6.04B | +24.3% |
| 2006 | $4.85B | -2.6% |
| 2005 | $4.98B | — |
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About Nigeria Economy Data
This page presents comprehensive economy statistics for Nigeria (Federal Republic of Nigeria), located in Africa, Western Africa. All data is sourced from the World Bank's Open Data platform, which aggregates data from officially-recognized international sources.
The data covers 6 key indicators with historical trends going back to 2000. Each indicator includes the latest available value, year-over-year trends, and time series for in-depth analysis. Data is updated weekly from the World Bank API.
For global comparisons, visit our Economy Rankings page to see how Nigeria compares to other countries.