Nigeria Nigeria

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

Nigeria, with a population of 213,401,323 people, it is one of the most populous country in thw world and has a population density of 231 people per km2.

It's capital is Abuja and its currency is Nairas

Nigeria is holding the 31 position by nominal GDP. Its national debt in 2022 was 179,583 millions of euros (189,258 millions of dollars), ( 39.65% debt-to-GDP ratio) and its public debt per capita is €842 euros per inhabitant$887 dollars per inhabitant.

The last annual rate of CPI published in Nigeria was on March of 2024 and it was 33.2%.

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 0.535 points in 2021, leaving it in 164th place in the table of 191 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
Gouvernement
Annual GDP [+]2022€452,971M
Annual GDP [+]2022$477,376M
GDP per capita [+]2022€2,123
GDP per capita [+]2022$2,237
Debt (M.€.) [+]2022179,583
Debt ($M) [+]2022189,258
Debt (%GDP) [+]202239.65%
Debt Per Capita [+]2022€842
Debt Per Capita [+]2022$887
Deficit (M.€) [+]2022-25,381
Deficit ($M) [+]2022-26,749
Deficit (%GDP) [+]2022-5.60%
Expenditure (M.€) [+]202265,194.8
Expenditure ($M) [+]202268,707.3
Education Expenditure ($M) [+]1975851.1
Education Expenditure (%Bud.) [+]20215.14%
Gov. Health Exp. (M.€) [+]20171,772.3
Gov. Health Exp.($M) [+]20172,001.4
Gov. Health Exp. (%Bud.) [+]20174.60%
Defence Expenditure (M.€) [+]20222,878.8
Defence Expenditure ($M) [+]20223,033.9
Defence Expenditure (%Bud.) [+]20224.22%
Expenditure (%GDP) [+]202214.39%
Expenditure Per Capita [+]2022€306
Expenditure Per Capita [+]2022$322
Education Expenditure P.C [+]1975$14
Gov. Health Exp. P.C. [+]2017€9
Gov. Health Exp. P.C. [+]2017$10
Defence Expenditure P.C. [+]2022€13
Defence Expenditure P.C. [+]2022$14
S&P Rating [+]08/04/2023B-
Fitch Rating [+]11/11/2022B-
Corruption Index [+]202224
Competitiveness Ranking [+]2019116º
Fragile States Index [+]201899.9
RTI Raking [+]202262º
Innovation Ranking [+]2018118º
Labour
Unemployment rate [+]2023Q13.1%
Unemployed [+]2023Q12,255K
NMW [+]2022$70.4
NMW [+]2022€64.2
Human Capital Ranking [+]2017114º
Markets
Euro / Nairas [+]04/16/20241,219.6359
US Dollar exchange rate [+]04/16/20241,147.0290
Prices
CPI (overall index) [+]March 202433.2%
Money Market
Key rates [+]03/26/202424.75%
Business
Doing Business [+]2019146º
Passengers vehicles Year [+]December 20195,100
Annual Vehicles/ 1,000 p. [+]December 20190.05
Vehicles / 1,000 people [+]202055.71
Taxes
Tax Revenue (%GDP) [+]20216.7%
Standard VAT [+]01/01/20207.50%
Top tax rate + SSC [+]202024.0%
Trade
Annual arrivals [+]20165,265,000
Exports [+]2021€38,993.4M
Exports [+]2021$46,117.4M
Exports % GDP [+]202110.45%
Imports [+]2021€63,161.0M
Imports [+]2021$74,700.5M
Imports % GDP [+]202116.93%
Trade balance [+]2021€-24,167.7M
Trade balance [+]2021$-28,583.1M
Trade balance % GDP [+]2021-6.48%
Socio-Demography
Global AgeWatch Ranking [+]201586º
Density [+]2021231
Global Peace Ranking [+]2023144º
Remittance received ($M) [+]201721,967.2
% Immigrant [+]20200.63%
% Emigrant [+]20200.80%
Birth Rate [+]202137.12‰
Remittance sent ($M) [+]20171,143.7
Crude death rate [+]202113.08‰
Fertility Rate [+]20215.24
% risk of poverty [+]201840.1%
Population [+]2021213,401,323
Immigrant stock [+]20201,308,568
Emigrant stock [+]20201,670,455
HDI [+]20210.535
Gender Gap Ranking [+]2023130º
Life expectancy [+]202152.68
Suicides [+]201518,095
Suicide rate [+]20159.83
Number of homicides [+]201944,200
Rate Homicides per 100.000 [+]201921.74
Energy and Environment
CO2 Tons per capita [+]20210.60
Annual crude oil production [+]20221,291
Crude Oil Reserves [+]202136,890.0
Consumption GWh [+]202126,596
Generation GWh [+]202131,458
Others
COVID-19 - Deaths [+]03/31/20243,155
COVID-19 - Confirmed [+]03/31/2024267,188
Fully vaccinated [+]11/05/202381,297,808
COVID-19 - Deaths per million population [+]03/31/202414.78
Doses administered [+]11/05/2023133,048,021