Nigeria - Gross value added at factor cost (current LCU)

The value for Gross value added at factor cost (current LCU) in Nigeria was 152,324,000,000,000 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 152,324,000,000,000 in 2020 and a minimum value of 137,929,000,000 in 1981.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.

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

Year Value
1981 137,929,000,000
1982 147,572,000,000
1983 157,184,000,000
1984 164,210,000,000
1985 185,976,000,000
1986 196,169,000,000
1987 242,262,000,000
1988 312,502,000,000
1989 410,768,000,000
1990 489,766,000,000
1991 584,250,000,000
1992 897,117,000,000
1993 1,244,800,000,000
1994 1,751,280,000,000
1995 3,069,430,000,000
1996 4,045,320,000,000
1997 4,374,500,000,000
1998 4,756,710,000,000
1999 5,426,470,000,000
2000 6,990,620,000,000
2001 8,150,020,000,000
2002 11,383,700,000,000
2003 13,418,000,000,000
2004 17,938,400,000,000
2005 22,884,900,000,000
2006 30,064,000,000,000
2007 34,318,700,000,000
2008 39,542,400,000,000
2009 43,012,500,000,000
2010 54,612,300,000,000
2011 62,980,400,000,000
2012 71,713,900,000,000
2013 80,092,600,000,000
2014 89,043,600,000,000
2015 94,145,000,000,000
2016 101,489,000,000,000
2017 113,712,000,000,000
2018 127,737,000,000,000
2019 144,210,000,000,000
2020 152,324,000,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts