Sub-Saharan Africa
Nigeria GDP
Gross Domestic Product in current US dollars.
Latest Value
$252.26B
As of 2024
YoY Change
-48.2%
2023 → 2024
Record High
$668.22B
Recorded in 2019
Record Low
$4.20B
Recorded in 1960
10-Year Average
$495.77B
2015–2024
Data Range
1960–2024
65 data points
Source
World Bank
Code: NY.GDP.MKTP.CD
Historical Trend
1960 – 2024
Analysis
Nigeria's GDP of 252,262,000,000 current US$ in 2024 indicates a significant economy, driven largely by its oil industry. The country's economic performance is often influenced by global oil prices and domestic policies. Nigeria's GDP also reflects its position as a major economic power in Africa.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | $252.26B | $235.13B | -48.2% |
| 2023 | $487.39B | $159.56B | -24.7% |
| 2022 | $646.95B | $37.80B | +6.2% |
| 2021 | $609.15B | $10.56B | +1.8% |
| 2020 | $598.59B | $69.63B | -10.4% |
| 2019 | $668.22B | $246.48B | +58.4% |
| 2018 | $421.74B | $45.99B | +12.2% |
| 2017 | $375.75B | $28.90B | -7.1% |
| 2016 | $404.65B | $88.38B | -17.9% |
| 2015 | $493.03B | $81.16B | -14.1% |
Source: World Bank Open Data · 1960–2024
Neighbouring Countries Ranking
Sub-Saharan Africa · GDP
Similar Rankings
Global · GDP
