Nigeria GDP Annual Growth Rate: 3.0% (2023)

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH)

Real GDP in Nigeria is estimated to be $550 Billion US dollars at the end of 2023.

The economy of Nigeria has grown at an average annual growth rate of 2.0% in the last four years and is ranked the 2nd largest economy in Africa, ahead of South Africa.

World Economics Rates Nigeria's Offical GDP Data as E

GDP Annual Growth Rate: Nigeria


Source: World Bank, World Economics
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Economic Indicators: Nigeria 2020 2021 2022 2023
GDP Annual Growth Rate (%) -1.8 3.6 3.2 3.0
GDP per Capita Annual Growth Rate (%) -4.2 1.2 3.2 3.0
Real GDP (US$ Billions, 2010) 500 518 534 550
Real GDP per Capita (US$, 2010) 2,401 2,430 2,502 2,576
Current GDP (Billions, US$) 432 441 454 467
Current GDP per Capita (US$) 2,075 2,066 2,128 2,190
Real GDP PPP (Billions, 2017) 1,014 1,050 1,084 1,116
Real GDP per Capita PPP (int$ 2017) 4,917 4,969 5,000 5,024
Data Quality Rating for Nigeria See how much you can trust Nigeria's GDP Data




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

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