Nigeria — GDP
GDP (Nominal) for Nigeria, 1960–2025.
GDP for Nigeria was 290.79 billion in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 668.22 billion in 2019. The lowest was 4.20 billion in 1960 (about 69.3× the low point). Across that span the compound annual growth rate works out to 6.74% per year.
Nigeria ranks 50 of 212 economies on this measure (1 = highest), putting it in the top 24%. The median for Sub-Saharan Africa is 19.93 billion, so Nigeria sits above it. It peaked in 2019 and has fallen 56% since. Over the last decade (2015–2025) the figure moved down 41%. Within Sub-Saharan Africa it ranks 2 of 47 economies; Kenya (135.94 billion) is just below it. Its sharpest one-year move was up 156% in 1981. That is 39% below this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1970; grown tenfold by 1979. Doubling roughly every 11 years at that pace.
World ranking. Slipped: 33rd of 111 in 1960 → 25th of 146 in 1970 → 27th of 163 in 1980 → 39th of 192 in 1990 → 46th of 204 in 2000 → 30th of 212 in 2010 → 22nd of 210 in 2020 → 49th of 186 in 2025.
Key figures
Full history — 1960 to 2025
| Year | current US$ | Change |
|---|---|---|
| 2025 | 290,794,361,542.11 | +15.3% |
| 2024 | 252,261,880,140.27 | -48.2% |
| 2023 | 487,387,801,877.8 | -24.7% |
| 2022 | 646,950,257,575.45 | +6.2% |
| 2021 | 609,147,716,965.35 | +1.8% |
| 2020 | 598,586,817,817.39 | -10.4% |
| 2019 | 668,219,992,686.57 | +58.4% |
| 2018 | 421,739,251,509.08 | +12.2% |
| 2017 | 375,745,731,053.43 | -7.1% |
| 2016 | 404,649,125,252.16 | -17.9% |
| 2015 | 493,026,682,800.63 | -14.1% |
| 2014 | 574,183,763,411.51 | +10.4% |
| 2013 | 520,117,180,313.91 | +12.1% |
| 2012 | 463,971,018,239.28 | +11.9% |
| 2011 | 414,466,676,831.16 | +12.9% |
| 2010 | 366,990,417,129.04 | +24.4% |
| 2009 | 295,008,835,381 | -13.1% |
| 2008 | 339,476,276,257.79 | +22.0% |
| 2007 | 278,260,846,800.1 | +16.7% |
| 2006 | 238,454,997,161.48 | +35.7% |
| 2005 | 175,670,569,969.35 | +29.4% |
| 2004 | 135,764,731,645.61 | +29.6% |
| 2003 | 104,738,954,264.23 | +10.2% |
| 2002 | 95,054,059,302.7 | +29.2% |
| 2001 | 73,557,840,064.49 | +6.3% |
| 2000 | 69,171,451,627.25 | +17.0% |
| 1999 | 59,145,077,039.14 | -72.9% |
| 1998 | 218,416,200,672.73 | +8.7% |
| 1997 | 200,850,397,618.18 | +8.1% |
| 1996 | 185,730,236,700 | +31.8% |
| 1995 | 140,919,776,986.36 | +75.3% |
| 1994 | 80,399,613,063.64 | +41.7% |
| 1993 | 56,721,051,402.47 | +9.0% |
| 1992 | 52,058,181,853.81 | -12.5% |
| 1991 | 59,526,833,412.36 | +10.2% |
| 1990 | 54,035,795,387.81 | +22.8% |
| 1989 | 44,003,061,108.4 | -11.4% |
| 1988 | 49,648,470,440.46 | -5.7% |
| 1987 | 52,676,041,931.11 | -3.9% |
| 1986 | 54,805,852,580.91 | -25.7% |
| 1985 | 73,745,821,158.23 | +0.4% |
| 1984 | 73,484,359,521.49 | -24.3% |
| 1983 | 97,094,911,792.05 | -32.0% |
| 1982 | 142,769,363,314.18 | -13.2% |
| 1981 | 164,475,209,515.94 | +156.2% |
| 1980 | 64,201,788,122.61 | +35.8% |
| 1979 | 47,259,911,894.27 | +29.4% |
| 1978 | 36,527,862,208.71 | +1.4% |
| 1977 | 36,035,407,725.32 | -0.8% |
| 1976 | 36,308,883,248.73 | +30.7% |
| 1975 | 27,778,934,624.7 | +11.8% |
| 1974 | 24,846,641,318.12 | +63.9% |
| 1973 | 15,162,871,287.13 | +23.5% |
| 1972 | 12,274,416,017.8 | +33.7% |
| 1971 | 9,181,769,911.5 | -26.8% |
| 1970 | 12,546,094,981.56 | +89.1% |
| 1969 | 6,634,317,346.27 | +27.6% |
| 1968 | 5,200,997,919.6 | -0.0% |
| 1967 | 5,203,237,918.7 | -18.3% |
| 1966 | 6,366,917,453.23 | +8.4% |
| 1965 | 5,874,537,650.18 | +5.8% |
| 1964 | 5,552,931,318.83 | +7.5% |
| 1963 | 5,165,590,253.76 | +5.2% |
| 1962 | 4,909,399,176.24 | +9.9% |
| 1961 | 4,467,287,893.08 | +6.5% |
| 1960 | 4,196,174,501.53 | — |
Frequently asked questions
What was Nigeria’s GDP in 1961?
4,467,287,893.08 (1961). The full year-by-year table above lists every published year, most recent first.
Are Nigeria’s GDP figures nominal or inflation-adjusted?
They are exactly as the World Bank publishes them — current US$ — with no inflation restatement and no PPP conversion. Years the source does not report are omitted rather than interpolated.
Is Nigeria’s GDP growing or shrinking?
Between 1960 and 2025 the series was growing overall: +6830.0% in total — about 6.7% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.CD. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 290,794,361,542.11; 2024: 252,261,880,140.27; 2023: 487,387,801,877.8; 2022: 646,950,257,575.45; 2021: 609,147,716,965.35. Earlier years are in the full-history table below.
Related data
NY.GDP.MKTP.CD — GDP (Nominal). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.