Nigeria - GDP

GDP (current US$)

The latest value for GDP (current US$) in Nigeria was $243,986,000,000 as of 2011. Over the past 51 years, the value for this indicator has fluctuated between $243,986,000,000 in 2011 and $4,196,174,000 in 1960.

Definition: GDP at purchaser's prices 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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 $4,196,174,000
1961 $4,467,288,000
1962 $4,909,399,000
1963 $5,165,590,000
1964 $5,552,931,000
1965 $5,874,422,000
1966 $6,366,793,000
1967 $5,203,136,000
1968 $5,200,896,000
1969 $6,634,187,000
1970 $12,545,850,000
1971 $9,181,770,000
1972 $12,274,420,000
1973 $15,162,870,000
1974 $24,846,640,000
1975 $27,778,930,000
1976 $36,308,880,000
1977 $36,035,410,000
1978 $36,527,860,000
1979 $47,259,910,000
1980 $64,201,790,000
1981 $59,918,540,000
1982 $49,763,410,000
1983 $34,950,460,000
1984 $28,182,540,000
1985 $28,407,930,000
1986 $20,210,790,000
1987 $23,441,330,000
1988 $22,847,730,000
1989 $23,843,510,000
1990 $28,472,470,000
1991 $27,313,350,000
1992 $32,710,370,000
1993 $21,352,760,000
1994 $23,663,390,000
1995 $28,108,830,000
1996 $35,299,150,000
1997 $36,229,370,000
1998 $32,143,820,000
1999 $34,776,040,000
2000 $45,983,450,000
2001 $47,999,670,000
2002 $59,116,870,000
2003 $67,655,840,000
2004 $87,845,400,000
2005 $112,248,000,000
2006 $145,428,000,000
2007 $165,921,000,000
2008 $207,116,000,000
2009 $168,587,000,000
2010 $228,638,000,000
2011 $243,986,000,000

GDP (current LCU)

The value for GDP (current LCU) in Nigeria was 37,754,400,000,000 as of 2011. As the graph below shows, over the past 51 years this indicator reached a maximum value of 37,754,400,000,000 in 2011 and a minimum value of 2,997,269,000 in 1960.

Definition: GDP at purchaser's prices 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. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 2,997,269,000
1961 3,190,921,000
1962 3,506,715,000
1963 3,689,709,000
1964 3,966,381,000
1965 4,196,100,000
1966 4,547,800,000
1967 3,716,600,000
1968 3,715,000,000
1969 4,738,800,000
1970 8,961,500,000
1971 10,375,400,000
1972 11,034,700,000
1973 12,251,600,000
1974 19,604,000,000
1975 22,945,400,000
1976 28,611,400,000
1977 33,585,000,000
1978 36,053,000,000
1979 42,912,000,000
1980 50,270,000,000
1981 50,751,000,000
1982 51,953,000,000
1983 57,144,000,000
1984 63,608,000,000
1985 72,355,000,000
1986 73,062,000,000
1987 108,885,000,000
1988 145,243,000,000
1989 224,797,000,000
1990 260,637,000,000
1991 328,115,000,000
1992 620,077,000,000
1993 967,280,000,000
1994 1,237,120,000,000
1995 1,977,740,000,000
1996 2,823,930,000,000
1997 2,939,650,000,000
1998 2,828,660,000,000
1999 3,211,150,000,000
2000 4,676,390,000,000
2001 5,339,060,000,000
2002 7,128,200,000,000
2003 8,742,650,000,000
2004 11,673,600,000,000
2005 14,735,300,000,000
2006 18,709,600,000,000
2007 20,874,200,000,000
2008 24,552,800,000,000
2009 25,102,900,000,000
2010 34,363,800,000,000
2011 37,754,400,000,000

GDP (constant 2000 US$)

The latest value for GDP (constant 2000 US$) in Nigeria was 91,957,590,000 as of 2011. Over the past 51 years, the value for this indicator has fluctuated between 91,957,590,000 in 2011 and 12,748,660,000 in 1968.

Definition: GDP at purchaser's prices 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. Data are in constant 2000 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2000 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 12,836,410,000
1961 12,861,030,000
1962 13,388,720,000
1963 14,537,280,000
1964 15,256,950,000
1965 16,002,250,000
1966 15,322,070,000
1967 12,909,820,000
1968 12,748,660,000
1969 15,833,500,000
1970 19,793,030,000
1971 22,611,060,000
1972 23,371,760,000
1973 24,632,140,000
1974 27,381,260,000
1975 25,949,830,000
1976 28,296,310,000
1977 30,000,910,000
1978 28,271,610,000
1979 30,182,610,000
1980 31,451,740,000
1981 27,322,790,000
1982 27,258,670,000
1983 25,815,460,000
1984 24,571,580,000
1985 26,956,200,000
1986 27,633,760,000
1987 27,440,230,000
1988 30,156,670,000
1989 32,328,040,000
1990 34,977,660,000
1991 36,641,050,000
1992 37,710,320,000
1993 38,539,750,000
1994 38,578,290,000
1995 39,542,750,000
1996 41,243,090,000
1997 42,356,650,000
1998 43,152,720,000
1999 43,627,560,000
2000 45,983,450,000
2001 47,408,930,000
2002 48,143,270,000
2003 53,102,020,000
2004 58,730,840,000
2005 61,902,300,000
2006 65,740,240,000
2007 69,980,370,000
2008 74,167,760,000
2009 79,329,670,000
2010 85,657,080,000
2011 91,957,590,000

GDP (constant LCU)

The value for GDP (constant LCU) in Nigeria was 13,615,500,000,000 as of 2011. As the graph below shows, over the past 51 years this indicator reached a maximum value of 13,615,500,000,000 in 2011 and a minimum value of 1,887,600,000,000 in 1968.

Definition: 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. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 1,900,590,000,000
1961 1,904,230,000,000
1962 1,982,360,000,000
1963 2,152,420,000,000
1964 2,258,980,000,000
1965 2,369,330,000,000
1966 2,268,620,000,000
1967 1,911,460,000,000
1968 1,887,600,000,000
1969 2,344,350,000,000
1970 2,930,600,000,000
1971 3,347,850,000,000
1972 3,460,480,000,000
1973 3,647,090,000,000
1974 4,054,130,000,000
1975 3,842,190,000,000
1976 4,189,620,000,000
1977 4,442,000,000,000
1978 4,185,960,000,000
1979 4,468,910,000,000
1980 4,656,820,000,000
1981 4,045,480,000,000
1982 4,035,980,000,000
1983 3,822,300,000,000
1984 3,638,130,000,000
1985 3,991,200,000,000
1986 4,091,520,000,000
1987 4,062,860,000,000
1988 4,465,070,000,000
1989 4,786,560,000,000
1990 5,178,870,000,000
1991 5,425,160,000,000
1992 5,583,480,000,000
1993 5,706,280,000,000
1994 5,711,990,000,000
1995 5,854,790,000,000
1996 6,106,550,000,000
1997 6,271,420,000,000
1998 6,389,290,000,000
1999 6,459,600,000,000
2000 6,808,420,000,000
2001 7,019,480,000,000
2002 7,128,200,000,000
2003 7,862,410,000,000
2004 8,695,820,000,000
2005 9,165,400,000,000
2006 9,733,650,000,000
2007 10,361,500,000,000
2008 10,981,500,000,000
2009 11,745,700,000,000
2010 12,682,600,000,000
2011 13,615,500,000,000

GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Nigeria was 411,547,000,000 as of 2011. Over the past 31 years, the value for this indicator has fluctuated between 411,547,000,000 in 2011 and 56,387,950,000 in 1981.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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. Data are in current international dollars.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1980 59,346,940,000
1981 56,387,950,000
1982 59,683,140,000
1983 58,759,020,000
1984 58,028,290,000
1985 65,603,940,000
1986 68,756,700,000
1987 70,275,570,000
1988 79,922,010,000
1989 88,901,870,000
1990 99,836,300,000
1991 108,138,000,000
1992 113,638,000,000
1993 118,684,000,000
1994 121,221,000,000
1995 127,143,000,000
1996 134,958,000,000
1997 141,274,000,000
1998 145,951,000,000
1999 149,720,000,000
2000 161,220,000,000
2001 169,986,000,000
2002 175,422,000,000
2003 197,566,000,000
2004 224,651,000,000
2005 244,642,000,000
2006 268,191,000,000
2007 293,766,000,000
2008 318,229,000,000
2009 344,857,000,000
2010 374,994,000,000
2011 411,547,000,000

GDP, PPP (constant 2005 international $)

The latest value for GDP, PPP (constant 2005 international $) in Nigeria was 363,423,000,000 as of 2011. Over the past 31 years, the value for this indicator has fluctuated between 363,423,000,000 in 2011 and 97,108,570,000 in 1984.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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. Data are in constant 2005 international dollars.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1980 124,299,000,000
1981 107,982,000,000
1982 107,728,000,000
1983 102,024,000,000
1984 97,108,570,000
1985 106,533,000,000
1986 109,211,000,000
1987 108,446,000,000
1988 119,181,000,000
1989 127,763,000,000
1990 138,234,000,000
1991 144,808,000,000
1992 149,034,000,000
1993 152,312,000,000
1994 152,464,000,000
1995 156,276,000,000
1996 162,995,000,000
1997 167,396,000,000
1998 170,542,000,000
1999 172,419,000,000
2000 181,730,000,000
2001 187,363,000,000
2002 190,265,000,000
2003 209,863,000,000
2004 232,108,000,000
2005 244,642,000,000
2006 259,810,000,000
2007 276,567,000,000
2008 293,116,000,000
2009 313,516,000,000
2010 338,523,000,000
2011 363,423,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts