Nigeria Nigeria GDP - Gross Domestic Product

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GDP Nigeria 2023

Nigeria: GDP increases 2.9%

Gross Domestic Product of Nigeria grew 2.9% in 2023 compared to last year. This rate is 4 -tenths of one percent less than the figure of 3.3% published in 2022.

The GDP figure in 2023 was €333,806$362,815 million, Nigeria is number 42 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Nigeria dropped €119,165$114,561 million with respect to 2022.

The GDP per capita of Nigeria in 2023 was €1,564$1,700, €559$537 less than in 2022, when it was €2,123$2,237. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2013 when the GDP per capita in Nigeria was €2,219$2,947.

If we order the countries according to their GDP per capita, Nigeria is in 159 th position. According to this parameter, its population is among the poorest of the 196 countries whose GDP we publish.

Here we show you the progression of the GDP in Nigeria. You can see GDP in other countries in GDP and see all the economic information about Nigeria in Nigeria's economy.

Evolution: Annual GDP Nigeria
DateAnnual GDPAnnual GDPGDP Growth (%)
2023€333,806M$362,815M2.9%
2022€452,971M$477,376M3.3%
2021€372,974M$441,424M3.6%
2020€376,264M$429,423M-1.8%
2019€400,251M$448,120M2.2%
2018€356,954M$421,737M1.9%
2017€332,729M$375,745M0.8%
2016€365,669M$404,649M-1.6%
2015€443,787M$492,437M2.7%
2014€427,815M$568,499M6.3%
2013€387,736M$514,966M5.4%
2012€358,550M$460,952M4.3%
2011€297,544M$414,095M4.9%
2010€278,159M$369,062M11.3%
2009€213,497M$297,458M8.4%
2008€224,576M$330,260M7.2%
2007€191,309M$262,215M7.3%
2006€177,429M$222,791M6.7%
2005€136,285M$169,645M7.0%
2004€104,835M$130,345M10.4%
2003€91,022M$102,935M9.5%
2002€99,463M$93,983M14.6%
2001€81,649M$73,128M6.7%
2000€73,401M$67,824M5.5%
1999€53,876M$57,477M0.5%
1998$209,677M2.5%
1997$187,866M2.9%
1996$172,686M4.1%
1995$132,230M1.9%
1994$80,128M0.3%
1993$56,807M1.6%
1992$52,275M2.2%
1991$60,131M-0.6%
1990$62,165M12.8%
1989$24,174M6.5%
1988$25,022M7.5%
1987$22,553M-10.8%
1986$21,164M-8.8%
1985$26,725M8.3%
1984$27,250M-2.0%
1983$37,575M-5.1%
1982$55,511M-1.1%
1981$64,135M20.8%
1980$62,365M2.9%
1979$47,260M6.8%
1978$36,528M-5.8%
1977$36,035M6.0%
1976$36,309M9.0%
1975$27,779M-5.2%
1974$24,847M11.2%
1973$15,163M5.4%
1972$12,274M3.4%
1971$9,182M14.2%
1970$12,546M25.0%
1969$6,634M24.2%
1968$5,201M-1.2%
1967$5,203M-15.7%
1966$6,367M-4.3%
1965$5,875M4.9%
1964$5,553M5.0%
1963$5,166M8.6%
1962$4,909M4.1%
1961$4,467M0.2%
1960$4,196M
Evolution: GDP per capita Nigeria
DateGDP per capita GDP per capita GDP P.C. Annual GrowthGDP P.C. Annual Growth
2023€1,564$1,700-26.3%-24.0%
2022€2,123$2,23721.5%8.1%
2021€1,748$2,069-3.2%0.4%
2020€1,806$2,061-8.3%-6.5%
2019€1,969$2,2049.4%3.7%
2018€1,799$2,1264.6%9.5%
2017€1,720$1,942-11.3%-9.5%
2016€1,938$2,145-19.6%-19.9%
2015€2,412$2,6761.1%-15.6%
2014€2,385$3,1697.5%7.5%
2013€2,219$2,9473.5%6.9%
2012€2,144$2,75617.3%8.4%
2011€1,828$2,5444.1%9.2%
2010€1,755$2,32826.9%20.8%
2009€1,383$1,927-7.4%-12.3%
2008€1,494$2,19814.3%22.7%
2007€1,307$1,7925.0%14.6%
2006€1,245$1,56326.8%27.9%
2005€981$1,22226.7%26.8%
2004€775$96312.3%23.4%
2003€690$780-10.8%6.8%
2002€773$73118.8%25.3%
2001€651$5838.5%5.2%
2000€600$55532.9%15.1%
1999€452$482-73.3%
1998$1,8038.9%
1997$1,6566.1%
1996$1,56027.4%
1995$1,22561.0%
1994$76137.6%
1993$5536.0%
1992$522-15.2%
1991$616-5.7%
1990$653137.7%
1989$275-6.2%
1988$2937.8%
1987$2723.5%
1986$262-23.0%
1985$341-4.6%
1984$357-29.4%
1983$506-34.1%
1982$768-15.8%
1981$9110%
1980$91136.4%
1979$66825.5%
1978$532-1.7%
1977$541-3.6%
1976$56227.1%
1975$4428.8%
1974$40659.7%
1973$25420.6%
1972$21130.6%
1971$162-28.5%
1970$22685.0%
1969$12224.9%
1968$98-2.1%
1967$100-20.0%
1966$1256.1%
1965$1183.5%
1964$1145.2%
1963$1083.0%
1962$1057.6%
1961$974.3%
1960$93
Evolution: GDP growth rate at constant prices Nigeria
Evolution: GDP per capita Nigeria
GDP Nigeria