Nigeria Nigeria

Subscribe to our free email alert service

Nigeria, is a country located at Western Africa, it has an area of 923,770 Km2.

Nigeria, with a population of 200,963,599 people, it is one of the most populous country in thw world and has a population density of 218 people per km2.

It's capital is Abuja and its currency is Nairas

Nigeria is holding the 27 position by nominal GDP. Its national debt in 2019 was 116,740 millions of euros (130,691 millions of dollars), ( 29.17% debt-to-GDP ratio) and its public debt per capita is 581€ euros per inhabitant650$ dollars per inhabitant.

The last annual rate of CPI published in Nigeria was on July of 2021 and it was 17.4%.

In terms of the human development index (HDI) of Nigeria, which is the index used by the United Nations to measure the progress of a country, was 0.539 points in 2019, leaving it in 161th place in the table of 189 countries published.

If the reason to visit Nigeria are business, you must know it's in the 146th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Nigeria, if you want to see information about other countries click here

Abuja: Monthly Temp.
Abuja: Monthly Rainfall
Nigeria Economy
Annual GDP [+]2019400,286M.€
Annual GDP [+]2019448,120M.$
GDP per capita [+]20191,992€
GDP per capita [+]20192,230$
Debt (M.€.) [+]2019116,740
Debt (M.$.) [+]2019130,691
Debt (%GDP) [+]201929.17%
Debt Per Capita [+]2019581€
Debt Per Capita [+]2019650$
Deficit (M.€) [+]2019-19,037
Deficit (M.$) [+]2019-21,312
Deficit (%GDP) [+]2019-4.76%
Expenditure (M.€) [+]201950,498.3
Expenditure (M.$) [+]201956,532.8
Education Expenditure (M.$) [+]1975851.1
Gov. Health Exp. (M.€) [+]20171,771.7
Gov. Health Exp.(M.$) [+]20172,001.4
Gov. Health Exp. (%Bud.) [+]20174.60%
Defence Expenditure (M.€) [+]20191,844.5
Defence Expenditure (M.$) [+]20192,064.9
Defence Expenditure (%Bud.) [+]20193.64%
Expenditure (%GDP) [+]201912.62%
Expenditure Per Capita [+]2019251€
Expenditure Per Capita [+]2019281$
Education Expenditure P.C [+]197513$
Gov. Health Exp. P.C. [+]20179€
Gov. Health Exp. P.C. [+]201710$
Defence Expenditure P.C. [+]20199€
Defence Expenditure P.C. [+]201910$
S&P Rating [+]03/26/2020B-
Fitch Rating [+]04/06/2020B
Corruption Index [+]202025
Competitiveness Ranking [+]2019116º
Fragile States Index [+]201899.9
RTI Raking [+]09/28/201861º
Innovation Ranking [+]2018118º
Unemployment rate [+]2016Q47.2%
Unemployed [+]2016Q45,821 m.
NMW [+]2013114.4 $
NMW [+]201387.9 €
Human Capital Ranking [+]2017114º
Euro / Nairas [+]09/24/2021480.7134
US Dollar exchange rate [+]09/24/2021410.2000
CPI (overall index) [+]July 202117.4%
Money Market
Key rates [+]09/21/202011.50%
Doing Business [+]2019146º
Passengers vehicles Year [+]December 20195,100
Annual Vehicles/ 1,000 p. [+]December 20190.05
Vehicles / 1,000 people [+]201520.70
Standard VAT [+]01/01/20207.50%
Top tax rate + SSC [+]202024.0%
Annual arrivals [+]20165,265,000
Exports [+]202030,244.2 M.€
Exports [+]202034,545.0 M.$
Exports % GDP [+]201913.95%
Imports [+]202049,565.0 M.€
Imports [+]202056,613.1 M.$
Imports % GDP [+]201912.33%
Trade balance [+]2020-19,320.8 M.€
Trade balance [+]2020-22,068.2 M.$
Trade balance % GDP [+]20191.62%
Global AgeWatch Ranking [+]201586º
Density [+]2019218
Global Peace Ranking [+]2021146º
Remittance received (M.$) [+]201721,967.2
% Immigrant [+]20190.63%
% Emigrant [+]20190.72%
Birth Rate [+]201837.91‰
Remittance sent (M.$) [+]20171,143.7
Crude death rate [+]201811.86‰
Fertility Rate [+]20185.39
Population [+]2019200,963,599
Immigrant stock [+]20191,256,408
Emigrant stock [+]20191,438,331
HDI [+]20190.539
Gender Gap Ranking [+]2020128º
Life expectancy [+]201854.33
Suicides [+]201518,095
Suicide rate [+]20159.99
Number of homicides [+]201664,201
Rate Homicides per 100.000 [+]201634.52
Energy and Environment
CO2 Tons per capita [+]20190.50
Annual crude oil production [+]20201,775
Crude Oil Reserves [+]202136,890.0
Consumption GWh [+]201829,011
Generation GWh [+]201834,453
COVID-19 - Deaths [+]09/26/20212,677
COVID-19 - Confirmed [+]09/26/2021204,456
Fully vaccinated [+]09/27/20211,780,853
COVID-19 - Deaths per million population [+]09/26/202113.32
Doses administered [+]09/27/20216,552,979