Nigeria — GDP
GDP (Nominal) for Nigeria, 1960–2025.
Latest value · 2025
290.79 billion
GDP (Nominal) · current US$ · +6830.0% since 1960
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%.
Key figures
Latest (2025)
290.79 billion
First (1960)
4.20 billion
Change
+6830.0%
Highest
668.22 billion
in 2019
Lowest
4.20 billion
in 1960
Average
176.21 billion
Annual growth (CAGR)
6.74%
Years of data
66
Recent years
| Year | current US$ |
|---|---|
| 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 |
| 2020 | 598,586,817,817.39 |
| 2019 | 668,219,992,686.57 |
| 2018 | 421,739,251,509.08 |
| 2017 | 375,745,731,053.43 |
| 2016 | 404,649,125,252.16 |
| 2015 | 493,026,682,800.63 |
| 2014 | 574,183,763,411.51 |
Reading this correctly. Gross domestic product at current market prices, converted to US dollars at official exchange rates. This is the number usually meant by 'GDP'. Figures are in current US$. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.