Nigeria GDP Growth Rate 1961-2024

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
  • Nigeria gdp growth rate for 2022 was 3.25%, a 0.4% decline from 2021.
  • Nigeria gdp growth rate for 2021 was 3.65%, a 5.44% increase from 2020.
  • Nigeria gdp growth rate for 2020 was -1.79%, a 4% decline from 2019.
  • Nigeria gdp growth rate for 2019 was 2.21%, a 0.29% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP Growth (%)
Cabo Verde 17.71%
Georgia 10.11%
Vietnam 8.02%
Philippines 7.57%
Bangladesh 7.10%
Kyrgyz Republic 7.02%
India 7.00%
Egypt 6.59%
Pakistan 6.19%
Uzbekistan 5.67%
Indonesia 5.31%
Mauritania 5.20%
Cambodia 5.16%
Kenya 4.85%
Mongolia 4.85%
Zambia 4.74%
Papua New Guinea 4.60%
Honduras 4.00%
West Bank and Gaza 3.93%
Eswatini 3.91%
Nicaragua 3.75%
Cameroon 3.54%
Kosovo 3.51%
Nigeria 3.25%
Ghana 3.24%
Bolivia 3.07%
Angola 3.05%
Myanmar 3.00%
Djibouti 3.00%
Lao PDR 2.71%
El Salvador 2.60%
Tunisia 2.52%
Vanuatu 1.85%
Kiribati 1.56%
Republic of Congo 1.55%
Morocco 1.08%
Sao Tome and Principe 0.93%
Lesotho 0.59%
Micronesia -0.62%
Sudan -0.95%
Solomon Islands -4.06%
Moldova -5.95%
Sri Lanka -7.82%
Timor-Leste -17.49%
Ukraine -29.10%
Nigeria GDP Growth Rate - Historical Data
Year GDP Growth (%) Annual Change
2022 3.25% -0.40%
2021 3.65% 5.44%
2020 -1.79% -4.00%
2019 2.21% 0.29%
2018 1.92% 1.12%
2017 0.81% 2.42%
2016 -1.62% -4.27%
2015 2.65% -3.66%
2014 6.31% -0.36%
2013 6.67% 2.44%
2012 4.23% -1.08%
2011 5.31% -2.70%
2010 8.01% -0.03%
2009 8.04% 1.27%
2008 6.76% 0.17%
2007 6.59% 0.53%
2006 6.06% -0.38%
2005 6.44% -2.81%
2004 9.25% 1.90%
2003 7.35% -7.98%
2002 15.33% 9.41%
2001 5.92% 0.90%
2000 5.02% 4.43%
1999 0.58% -2.00%
1998 2.58% -0.36%
1997 2.94% -1.26%
1996 4.20% 4.27%
1995 -0.07% 1.74%
1994 -1.81% 0.22%
1993 -2.04% -6.67%
1992 4.63% 4.27%
1991 0.36% -11.42%
1990 11.78% 9.86%
1989 1.92% -5.41%
1988 7.33% 4.13%
1987 3.20% 3.14%
1986 0.06% -5.85%
1985 5.91% 7.03%
1984 -1.12% 9.81%
1983 -10.92% -4.12%
1982 -6.80% 6.32%
1981 -13.13% -17.33%
1980 4.20% -2.55%
1979 6.76% 12.52%
1978 -5.76% -11.79%
1977 6.02% -3.02%
1976 9.04% 14.27%
1975 -5.23% -16.39%
1974 11.16% 5.77%
1973 5.39% 2.03%
1972 3.36% -10.87%
1971 14.24% -10.77%
1970 25.01% 0.81%
1969 24.20% 25.45%
1968 -1.25% 14.50%
1967 -15.74% -11.49%
1966 -4.25% -9.14%
1965 4.89% -0.07%
1964 4.95% -3.63%
1963 8.58% 4.48%
1962 4.10% 3.91%
1961 0.19% 3.91%