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Nigeria: Nominal GDP

Millions of local currency · 1950–2025 · 76 observations · forecasts to 2031 · nGDP

2025
442 trillionlocal currency
Change on 2024
+18.4%year on year
Average growth, 2015–2025
+14.3%a year
In US dollars, 2025
$291 billionUS dollars

Nominal GDP

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1B100B10T1,000T1960198020002020NigeriaNigeria
ForecastLocal currency

Compare with other countries →Definition of Nominal GDP

Recent values

Millions of local currency

YearValue
20311,058,005,760Forecast
2030928,155,264Forecast
2029813,181,312Forecast
2028710,336,320Forecast
2027617,762,112Forecast
2026529,302,368Forecast
2025441,535,424
2024372,822,816
2023314,023,584
2022274,233,696
2021243,302,640
2020213,636,368
2019205,090,400
2018174,997,376
2017149,950,064
2016128,870,432

Sources

  • GPIH (UC Davis)1950–1993
  • Mitchell1950–1993
  • Fouquin & Hugot (CEPII)1950–2014
  • Penn World Table1950–2019
  • IMF Global Debt Database1950–2024
  • WDI (archive)1960–1997
  • World Development Indicators1960–2025
  • FAO1970–2023
  • United Nations1970–2024
  • Bordo1971–1994
  • IMF World Economic Outlook1990–2024
  • African Development Bank1995–2019
  • IMF International Financial Statistics2010–2024
  • World Bank Global Economic Monitor2019–2025
  • IMF WEO (forecast)2024–2031

Compare these sources →

Nigeria documentation (PDF)

More for Nigeria

Real GDP per capita (USD)Real GDPInflationUnemployment rateGovernment debt (% of GDP)Current account (% of GDP)All 67 series →

Nominal GDP elsewhere

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Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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