Nigeria GDP

LATEST ESTIMATES FOR GROSS DOMESTIC PRODUCT IN PPP INT$ ADJUSTED FOR BASE YEAR AND INFORMAL ECONOMY

Nigeria GDP is estimated to be $2.419 trillion dollars by World Economics for 2023 - 89% larger than official estimates.

The official estimate for Nigeria's GDP published by the World Bank was $1.277 trillion at the end of 2023 in puchasing power partity terms.

World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. World Economics estimates Nigeria's GDP to be $2.419 trillion - 89% larger than official estimates.

Nigeria's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries.

Data source: World Economics Research, London



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GDP PPP Estimates: All Countries 2023 Estimate
Billions, Int$		 2024 Estimate
Billions, Int$		 World Economics
Data Quality Rating
(A-E)



China $39,096.66 $40,973.30 C
United States $26,148.93 $26,881.10 A
India $20,494.19 $21,928.78 C
Russia $8,021.81 $8,310.59 C
Japan $6,286.68 $6,305.54 A
Germany $5,820.15 $5,820.15 A
Indonesia $5,579.94 $5,858.93 C
Brazil $5,294.97 $5,453.82 B
France $4,270.65 $4,317.62 A
United Kingdom $4,082.61 $4,127.52 A
Mexico $3,925.07 $3,983.95 C
Türkiye $3,879.22 $3,995.60 B
Italy $3,836.79 $3,863.65 A
Korea, Rep. $3,217.59 $3,298.03 A
Egypt $2,918.88 $2,997.69 D
Spain $2,734.44 $2,813.74 A
Saudi Arabia $2,657.05 $2,696.91 C
Canada $2,477.78 $2,509.99 A
Nigeria $2,418.76 $2,488.90 E
Thailand $2,222.56 $2,284.79 D
Bangladesh $2,012.66 $2,121.34 E
Poland $1,978.43 $2,037.78 B
Pakistan $1,968.70 $2,015.95 D
Vietnam $1,910.27 $2,026.80 E
Argentina $1,774.06 $1,711.97 C
Australia $1,728.93 $1,749.67 A
Philippines $1,628.96 $1,723.44 C
Malaysia $1,595.98 $1,672.59 B
Taiwan $1,572.87 $1,631.06 A
Netherlands $1,366.50 $1,374.70 A
Colombia $1,311.45 $1,332.44 B
South Africa $1,279.15 $1,293.23 B
Romania $962.83 $981.13 B
Kazakhstan $935.20 $967.93 D
Belgium $897.86 $907.73 A
Ukraine $877.81 $904.15 C
United Arab Emirates $873.38 $908.32 B
Singapore $813.62 $834.78 A
Switzerland $789.92 $800.19 A
Peru $785.08 $808.64 D
Sweden $770.22 $777.15 A
Algeria $721.38 $748.79 C
Chile $697.43 $714.87 A
Ireland $690.59 $689.21 A
Austria $644.25 $640.38 A
Czechia $594.27 $600.81 A
Israel $572.88 $576.89 A
Norway $565.59 $574.08 A
Hong Kong $554.53 $572.28 A
Ethiopia $550.14 $583.70 E
Portugal $531.62 $541.72 A
Angola $504.01 $516.10 E
Denmark $493.90 $503.28 A
Hungary $481.09 $488.30 B
Greece $479.24 $490.26 B
Kenya $472.69 $496.32 D
Myanmar $471.66 $476.37 D
Morocco $444.55 $457.00 C
Uzbekistan $409.18 $432.09 D
Sri Lanka $408.29 $414.42 C
Qatar $385.31 $391.09 B
Tanzania $378.76 $399.21 D
Ecuador $371.00 $372.12 D
Finland $369.98 $369.24 A
Ghana $362.50 $373.74 C
Belarus $351.99 $364.67 C
Dominican Republic $351.78 $369.72 B
Guatemala $333.04 $344.69 D
Cote d'Ivoire $323.23 $344.24 C
Kuwait $306.92 $298.63 D
Azerbaijan $296.27 $305.75 D
Congo, Dem. Rep $292.14 $305.87 E
New Zealand $283.00 $283.00 A
Bulgaria $274.45 $280.76 B
Sudan $262.22 $208.99 E
Panama $246.86 $253.03 D
Slovak Republic $243.62 $248.98 B
Nepal $240.17 $247.61 E
Oman $237.45 $239.82 B
Serbia $232.89 $241.98 B
Bolivia $213.89 $217.31 E
Uganda $205.21 $217.32 D
Cameroon $204.55 $212.53 D
Croatia $204.42 $211.37 B
Tunisia $199.96 $203.16 D
Libya $178.54 $182.82 E
Costa Rica $170.96 $177.80 B
Afghanistan $170.09 $175.53 E
Paraguay $164.96 $171.22 D
Lithuania $161.73 $165.61 B
Cambodia $150.96 $159.26 E
Uruguay $146.06 $150.73 B
Jordan $136.31 $139.58 B
Turkmenistan $130.32 $133.32 D
Zambia $128.81 $131.77 D
Slovenia $126.67 $128.57 A
Senegal $124.84 $132.33 C
Georgia $122.49 $131.80 B
Bahrain $117.46 $120.99 C
Zimbabwe $113.13 $115.40 E
Honduras $113.04 $117.11 E
Mali $109.11 $113.25 E
El Salvador $107.56 $110.79 C
Guyana $104.04 $149.61 E
Gabon $98.72 $101.78 E
Luxembourg $97.39 $98.65 A
Guinea $95.66 $99.59 E
Laos $92.50 $96.29 E
Madagascar $89.75 $93.79 E
Latvia $89.47 $90.55 B
Burkina Faso $87.80 $92.63 C
Bosnia and Herzegovina $85.01 $87.14 D
Lebanon $84.52 $86.21 D
Armenia $82.40 $87.35 B
Mozambique $80.16 $83.60 D
Benin $78.48 $83.58 C
Nicaragua $78.47 $81.61 D
Mongolia $72.11 $76.07 B
Congo, Rep. $71.59 $73.59 E
Estonia $70.42 $69.78 B
Niger $69.43 $76.31 C
Botswana $67.87 $68.55 C
Albania $65.86 $68.04 C
Papua New Guinea $64.88 $67.87 E
Tajikistan $64.57 $68.96 E
Rwanda $62.15 $66.50 C
Cyprus $60.01 $61.99 A
Yemen, Rep. $59.65 $59.05 E
Chad $57.69 $59.53 E
Kyrgyzstan $57.41 $61.14 D
North Macedonia $56.65 $57.90 B
Haiti $56.42 $54.17 E
Moldova $55.21 $56.64 B
Malawi $51.30 $52.23 C
Mauritania $47.49 $49.58 D
Namibia $44.02 $45.38 C
Jamaica $42.32 $42.87 E
Mauritius $40.91 $43.41 B
Malta $40.27 $42.29 B
Togo $38.06 $40.08 C
Iceland $29.32 $29.50 A
Sierra Leone $26.16 $27.21 D
Eswatini $21.89 $22.89 D
Burundi $20.41 $20.86 E
Bahamas, The $19.86 $20.24 B
Bhutan $18.00 $18.93 E
Suriname $16.43 $16.92 C
Liberia $14.20 $14.93 E
Gambia $13.26 $14.03 D
Central African Republic $10.96 $11.11 E
Lesotho $9.09 $9.35 C
Guinea-Bissau $7.47 $7.84 E
Comoros $4.06 $4.20 D

See: Data for individual countries by using country lists







Note: Data for years shown use end of of year values.

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Data quality rating definitions:
         A: As good as it gets
         B: Good
         C: Use with caution
         D: Poor
         E: Extremely poor quality


Please read our Terms of Service and Disclaimer relating to this data.



ACCESS DATA FOR MORE COUNTRIES

NIGERIA'S ECONOMICS
NIGERIA'S DEMOGRAPHY
NIGERIA'S ENVIRONMENT, SOCIAL & GOVERNANCE
PUBLIC SOURCE & RELATED DATA

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