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Nigeria GDP

Nigeria has the 23rd largest economy in the world and is one of the richest countries in the world. The gross domestic product (GDP) of Nigeria is $481.07 (USD Billion) and its growth was 2.65% from 2014 to 2015. Its highest GDP was recorded in 2014 and its average GDP in the last 10 years is $349.57 (USD Billion).

Nigeria GDP per capita is $2,640.29 (USD). However, when factoring in purchase power parity (PPP), it becomes $5,991.69 (USD), making it the 122nd richest country in the world. The average GDP adjusted to PPP per capita in the last 10 years was $5,070.72 (USD).

GDP Of Nigeria Per Year

Nigeria's GDP & Other Economic Statistics

Nigeria GDP Current Previous Highest Unit
GNI per capita, PPP 5,800.00 5,730.00 5,800.00 International $
GNI, PPP 1,056.33 1,017.44 1,056.33 International $ Billion
GNI 465.48 549.33 549.33 USD Billion
GDP per capita, PPP 5,991.69 5,932.83 5,991.69 International $
GDP per capita growth -0.01 3.52 5.41 %
GDP per capita 2,640.29 3,203.24 3,203.24 USD
GDP growth 2.65 6.31 8.21 %
GDP 481.07 568.50 568.50 USD Billion
Services, etc., value added 279.61 307.86 307.86 USD Billion
Industry, value added 96.99 140.10 140.10 USD Billion
Manufacturing, value added 45.36 54.78 54.78 USD Billion
Agriculture, value added 99.25 113.64 113.64 USD Billion
Gross domestic savings 123.85 102.76 153.98 USD Billion
Gross fixed capital formation 85.74 72.96 85.74 USD Billion
Tax revenue 1.56 1.80 5.46 % of GDP
Source: www.worldatlas.com | World Bank

What is Gross Domestic Product (GDP)?

Gross Domestic Product (GDP) is a measure of market value of all final goods and service produced in a yearly period. This page provides the GDP of Nigeria – current values and historical information. The information was last updated 2016.

GDP Of Nigeria vs. Other Countries

Rank Country GDP (USD Billion), 2015
18 Turkey 718.22
19 Switzerland 664.74
20 Saudi Arabia 646.00
21 Argentina 583.17
22 Sweden 492.62
23 Nigeria 481.07
24 Poland 474.78
25 Belgium 454.04
26 Thailand 395.28
27 Norway 388.31
28 Austria 374.06
The GDP of Nigeria is tabulated by govermental institutions and was last updated on May 9th, 2017.