Overview
Discussions Key data points
Last release
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Observation period
2023
Next release
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Forecast
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Highest
574.18 BUSD on Dec 31, 2014
Lowest
4.20 BUSD on Dec 31, 1960
About Nigeria GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
Related indicators
Frequently Asked Questions
One of the ways to count Nigeria GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 Nigeria GDP was 362.81 B USD, and the previous year it amounted to 472.62 B USD.
Nigeria GDP accounts for 0.34% of the world GDP.
GDP per capita is gross domestic product divided by a country's population. In 2023 Nigeria GDP per capita was 2.46 K USD, and in 2022 it amounted to 2.45 K USD.
Last quarter Nigeria real GDP amounted to 18.29 T NGN, the quarter before that it was 18.28 T NGN.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Nigeria GDP has ever reached is 574.18 B USD.
The lowest ever value Nigeria GDP has reached is 4.2 B USD.