Nigeria - GDP

GDP (current US$)

The latest value for GDP (current US$) in Nigeria was $521,803,000,000 as of 2013. Over the past 53 years, the value for this indicator has fluctuated between $521,803,000,000 in 2013 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 $61,076,490,000
1982 $51,397,460,000
1983 $35,451,560,000
1984 $28,500,820,000
1985 $28,873,980,000
1986 $20,721,500,000
1987 $24,093,200,000
1988 $23,272,160,000
1989 $24,231,170,000
1990 $30,757,070,000
1991 $27,392,890,000
1992 $29,300,920,000
1993 $15,789,000,000
1994 $18,086,400,000
1995 $28,546,960,000
1996 $34,987,950,000
1997 $35,822,340,000
1998 $32,004,610,000
1999 $35,870,790,000
2000 $46,386,000,000
2001 $44,138,010,000
2002 $59,116,870,000
2003 $67,655,840,000
2004 $87,845,400,000
2005 $112,248,000,000
2006 $145,430,000,000
2007 $166,451,000,000
2008 $208,065,000,000
2009 $169,481,000,000
2010 $369,062,000,000
2011 $411,744,000,000
2012 $462,979,000,000
2013 $521,803,000,000

GDP (current LCU)

The value for GDP (current LCU) in Nigeria was 81,010,000,000,000 as of 2013. As the graph below shows, over the past 53 years this indicator reached a maximum value of 81,010,000,000,000 in 2013 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 51,731,790,000
1982 53,658,950,000
1983 57,963,310,000
1984 64,326,340,000
1985 73,542,020,000
1986 74,908,220,000
1987 111,913,000,000
1988 147,941,000,000
1989 228,451,000,000
1990 281,550,000,000
1991 329,071,000,000
1992 555,446,000,000
1993 715,242,000,000
1994 945,557,000,000
1995 2,008,560,000,000
1996 2,799,040,000,000
1997 2,906,620,000,000
1998 2,816,410,000,000
1999 3,312,240,000,000
2000 4,717,330,000,000
2001 4,909,530,000,000
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 18,709,800,000,000
2007 20,940,900,000,000
2008 24,665,200,000,000
2009 25,236,100,000,000
2010 55,469,400,000,000
2011 63,713,400,000,000
2012 72,599,600,000,000
2013 81,010,000,000,000

GDP (constant 2005 US$)

The latest value for GDP (constant 2005 US$) in Nigeria was 183,309,000,000 as of 2013. Over the past 53 years, the value for this indicator has fluctuated between 183,309,000,000 in 2013 and 25,109,260,000 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 2005 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 25,282,090,000
1961 25,330,580,000
1962 26,369,890,000
1963 28,632,060,000
1964 30,049,490,000
1965 31,517,400,000
1966 30,177,750,000
1967 25,426,680,000
1968 25,109,260,000
1969 31,185,050,000
1970 38,983,570,000
1971 44,533,860,000
1972 46,032,100,000
1973 48,514,500,000
1974 53,929,040,000
1975 51,109,770,000
1976 55,731,290,000
1977 59,088,610,000
1978 55,682,650,000
1979 59,446,480,000
1980 61,946,110,000
1981 53,813,900,000
1982 53,247,140,000
1983 50,557,920,000
1984 49,535,870,000
1985 53,658,650,000
1986 48,961,280,000
1987 43,697,110,000
1988 46,992,970,000
1989 50,032,100,000
1990 56,419,200,000
1991 56,070,620,000
1992 56,313,810,000
1993 57,490,980,000
1994 58,014,010,000
1995 57,835,630,000
1996 60,723,780,000
1997 62,425,420,000
1998 64,120,660,000
1999 64,424,750,000
2000 67,850,920,000
2001 70,843,870,000
2002 73,525,050,000
2003 81,137,980,000
2004 108,510,000,000
2005 112,248,000,000
2006 121,465,000,000
2007 129,759,000,000
2008 137,895,000,000
2009 147,458,000,000
2010 159,018,000,000
2011 166,790,000,000
2012 173,927,000,000
2013 183,309,000,000

GDP (constant LCU)

The value for GDP (constant LCU) in Nigeria was 63,942,800,000,000 as of 2013. As the graph below shows, over the past 53 years this indicator reached a maximum value of 63,942,800,000,000 in 2013 and a minimum value of 8,758,730,000,000 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 8,819,020,000,000
1961 8,835,931,000,000
1962 9,198,470,000,000
1963 9,987,570,000,000
1964 10,482,000,000,000
1965 10,994,000,000,000
1966 10,526,700,000,000
1967 8,869,450,000,000
1968 8,758,730,000,000
1969 10,878,100,000,000
1970 13,598,400,000,000
1971 15,534,500,000,000
1972 16,057,100,000,000
1973 16,923,100,000,000
1974 18,811,800,000,000
1975 17,828,300,000,000
1976 19,440,400,000,000
1977 20,611,600,000,000
1978 19,423,500,000,000
1979 20,736,400,000,000
1980 21,608,300,000,000
1981 18,771,600,000,000
1982 18,573,900,000,000
1983 17,635,800,000,000
1984 17,279,300,000,000
1985 18,717,500,000,000
1986 17,078,900,000,000
1987 15,242,600,000,000
1988 16,392,300,000,000
1989 17,452,400,000,000
1990 19,680,400,000,000
1991 19,558,800,000,000
1992 19,643,600,000,000
1993 20,054,300,000,000
1994 20,236,700,000,000
1995 20,174,500,000,000
1996 21,181,900,000,000
1997 21,775,500,000,000
1998 22,366,900,000,000
1999 22,472,900,000,000
2000 23,668,100,000,000
2001 24,712,100,000,000
2002 25,647,300,000,000
2003 28,302,900,000,000
2004 37,851,100,000,000
2005 39,155,000,000,000
2006 42,370,000,000,000
2007 45,263,200,000,000
2008 48,101,300,000,000
2009 51,436,800,000,000
2010 55,469,400,000,000
2011 58,180,400,000,000
2012 60,670,100,000,000
2013 63,942,800,000,000

GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Nigeria was 972,664,000,000 as of 2013. Over the past 23 years, the value for this indicator has fluctuated between 972,664,000,000 in 2013 and 187,467,000,000 in 1990.

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. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 187,467,000,000
1991 192,485,000,000
1992 197,729,000,000
1993 206,673,000,000
1994 212,983,000,000
1995 216,761,000,000
1996 231,733,000,000
1997 242,326,000,000
1998 251,607,000,000
1999 256,419,000,000
2000 276,211,000,000
2001 294,963,000,000
2002 310,823,000,000
2003 349,843,000,000
2004 480,720,000,000
2005 513,277,000,000
2006 572,492,000,000
2007 627,891,000,000
2008 680,135,000,000
2009 733,031,000,000
2010 800,190,000,000
2011 856,619,000,000
2012 909,349,000,000
2013 972,664,000,000

GDP, PPP (constant 2011 international $)

The latest value for GDP, PPP (constant 2011 international $) in Nigeria was 941,463,000,000 as of 2013. Over the past 23 years, the value for this indicator has fluctuated between 941,463,000,000 in 2013 and 287,974,000,000 in 1991.

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 2011 international dollars.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 289,765,000,000
1991 287,974,000,000
1992 289,223,000,000
1993 295,269,000,000
1994 297,955,000,000
1995 297,039,000,000
1996 311,873,000,000
1997 320,612,000,000
1998 329,319,000,000
1999 330,880,000,000
2000 348,477,000,000
2001 363,848,000,000
2002 377,619,000,000
2003 416,718,000,000
2004 557,301,000,000
2005 576,499,000,000
2006 623,835,000,000
2007 666,433,000,000
2008 708,220,000,000
2009 757,330,000,000
2010 816,703,000,000
2011 856,619,000,000
2012 893,276,000,000
2013 941,463,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts