Nigeria GDP Annual Growth Rate: 3.1% (2024)

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH)

Real GDP in Nigeria is estimated to be $568 Billion US dollars at the end of 2024.

The economy of Nigeria has grown at an average annual growth rate of 3.2% 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 2021 2022 2023 2024
GDP Annual Growth Rate (%) 3.6 3.3 2.9 3.1
GDP per Capita Annual Growth Rate (%) 1.5 1.1 0.7 2.0
Real GDP (US$ Billions, 2010) 518 535 551 568
Real GDP per Capita (US$, 2010) 2,373 2,399 2,416 2,464
Current GDP (Billions, US$) 441 477 364 375
Current GDP per Capita (US$) 2,017 2,139 1,597 1,628
Real GDP PPP (Billions, 2017) 1,200 1,240 1,276 1,315
Real GDP per Capita PPP (int$ 2017) 4,969 5,000 5,024 5,063
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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