Nigeria - GDP

GDP (current US$)

The latest value for GDP (current US$) in Nigeria was $404,653,000,000 as of 2016. Over the past 56 years, the value for this indicator has fluctuated between $568,499,000,000 in 2014 and $4,196,092,000 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 $4,196,092,000
1961 $4,467,201,000
1962 $4,909,303,000
1963 $5,165,489,000
1964 $5,552,822,000
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 $29,300,900,000
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 $46,386,010,000
2001 $44,138,000,000
2002 $59,116,850,000
2003 $67,655,820,000
2004 $87,845,420,000
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 $460,954,000,000
2013 $514,966,000,000
2014 $568,499,000,000
2015 $481,066,000,000
2016 $404,653,000,000

GDP (current LCU)

The value for GDP (current LCU) in Nigeria was 102,575,000,000,000 as of 2016. As the graph below shows, over the past 56 years this indicator reached a maximum value of 102,575,000,000,000 in 2016 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
2014 90,137,000,000,000
2015 95,177,700,000,000
2016 102,575,000,000,000

GDP at market prices: linked series (current LCU)

The latest value for GDP at market prices: linked series (current LCU) in Nigeria was 102,575,000,000,000 as of 2016. Over the past 26 years, the value for this indicator has fluctuated between 102,575,000,000,000 in 2016 and 374,426,000,000 in 1990.

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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

Year Value
1990 374,426,000,000
1991 437,622,000,000
1992 738,671,000,000
1993 951,180,000,000
1994 1,257,470,000,000
1995 2,671,130,000,000
1996 3,722,360,000,000
1997 3,865,440,000,000
1998 3,745,460,000,000
1999 4,404,860,000,000
2000 6,273,450,000,000
2001 6,529,040,000,000
2002 9,479,591,000,000
2003 11,626,600,000,000
2004 18,771,800,000,000
2005 23,695,300,000,000
2006 30,086,500,000,000
2007 33,674,200,000,000
2008 39,663,200,000,000
2009 40,581,100,000,000
2010 55,469,400,000,000
2011 63,713,400,000,000
2012 72,599,600,000,000
2013 81,010,000,000,000
2014 90,137,000,000,000
2015 95,177,700,000,000
2016 102,575,000,000,000

GDP (constant 2010 US$)

The latest value for GDP (constant 2010 US$) in Nigeria was 456,775,000,000 as of 2016. Over the past 56 years, the value for this indicator has fluctuated between 464,282,000,000 in 2015 and 58,275,750,000 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 2010 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2010 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 58,676,860,000
1961 58,789,400,000
1962 61,201,530,000
1963 66,451,780,000
1964 69,741,460,000
1965 73,148,320,000
1966 70,039,130,000
1967 59,012,440,000
1968 58,275,750,000
1969 72,376,960,000
1970 90,476,440,000
1971 103,358,000,000
1972 106,835,000,000
1973 112,597,000,000
1974 125,163,000,000
1975 118,620,000,000
1976 129,346,000,000
1977 137,138,000,000
1978 129,233,000,000
1979 137,969,000,000
1980 143,770,000,000
1981 124,896,000,000
1982 123,581,000,000
1983 117,339,000,000
1984 114,967,000,000
1985 124,536,000,000
1986 113,634,000,000
1987 101,416,000,000
1988 109,065,000,000
1989 116,119,000,000
1990 130,943,000,000
1991 130,134,000,000
1992 130,698,000,000
1993 133,430,000,000
1994 134,644,000,000
1995 134,230,000,000
1996 140,933,000,000
1997 144,882,000,000
1998 148,817,000,000
1999 149,523,000,000
2000 157,474,000,000
2001 164,421,000,000
2002 170,643,000,000
2003 188,312,000,000
2004 251,841,000,000
2005 260,516,000,000
2006 281,906,000,000
2007 301,156,000,000
2008 320,039,000,000
2009 342,232,000,000
2010 369,062,000,000
2011 387,100,000,000
2012 403,665,000,000
2013 425,440,000,000
2014 452,285,000,000
2015 464,282,000,000
2016 456,775,000,000

GDP (constant LCU)

The value for GDP (constant LCU) in Nigeria was 68,652,400,000,000 as of 2016. As the graph below shows, over the past 56 years this indicator reached a maximum value of 69,780,700,000,000 in 2015 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
2014 67,977,500,000,000
2015 69,780,700,000,000
2016 68,652,400,000,000

GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Nigeria was 1,092,220,000,000 as of 2016. Over the past 26 years, the value for this indicator has fluctuated between 1,096,180,000,000 in 2015 and 187,284,000,000 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 187,284,000,000
1991 192,323,000,000
1992 197,560,000,000
1993 206,488,000,000
1994 212,801,000,000
1995 216,572,000,000
1996 231,538,000,000
1997 242,100,000,000
1998 251,373,000,000
1999 256,430,000,000
2000 276,213,000,000
2001 294,969,000,000
2002 310,832,000,000
2003 349,856,000,000
2004 480,748,000,000
2005 513,310,000,000
2006 572,523,000,000
2007 627,894,000,000
2008 680,354,000,000
2009 733,058,000,000
2010 800,182,000,000
2011 856,619,000,000
2012 909,730,000,000
2013 974,290,000,000
2014 1,054,310,000,000
2015 1,096,180,000,000
2016 1,092,220,000,000

GDP, PPP (constant 2011 international $)

The latest value for GDP, PPP (constant 2011 international $) in Nigeria was 1,010,800,000,000 as of 2016. Over the past 26 years, the value for this indicator has fluctuated between 1,027,420,000,000 in 2015 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
2014 1,000,870,000,000
2015 1,027,420,000,000
2016 1,010,800,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts