Nigeria GDP: $568 Billion

GROSS DOMESTIC PRODUCT (CONSTANT PRICES: 2015)

Nigeria GDP Forecast: $568 Billion in 2024, $585.9 Billion projected for 2025 (Constant 2015 Prices).

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

Looking ahead to 2025, projections suggest Nigeria's 2025 GDP estimate could be $585.9 Billion. This Nigeria GDP growth forecast for 2024 and 2025 reflects an estimated growth rate of 3.2%.

The economy of Nigeria has grown at an average annual growth rate of 5.6% in the last four years and is ranked the 2nd largest economy in Africa, ahead of South Africa.

See the full Nigeria data sheet covering Economics, Demographics and ESG

Real GDP (US$): Nigeria


Source: World Bank, World Economics
Notes: 2015 Constant Prices
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Economic Indicators: Nigeria 2021 2022 2023 2024
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
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
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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