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

The value for Gross value added at factor cost (constant LCU) in Nigeria was 70,014,400,000,000 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 71,387,800,000,000 in 2019 and a minimum value of 16,048,300,000,000 in 1984.

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 constant local currency.

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

Year Value
1981 19,549,600,000,000
1982 18,219,300,000,000
1983 16,228,800,000,000
1984 16,048,300,000,000
1985 16,997,500,000,000
1986 17,007,800,000,000
1987 17,552,100,000,000
1988 18,839,600,000,000
1989 19,201,200,000,000
1990 21,462,700,000,000
1991 21,539,600,000,000
1992 22,537,100,000,000
1993 22,078,100,000,000
1994 21,676,900,000,000
1995 21,660,500,000,000
1996 22,568,900,000,000
1997 23,231,100,000,000
1998 23,829,800,000,000
1999 23,967,600,000,000
2000 25,169,500,000,000
2001 26,658,600,000,000
2002 30,745,200,000,000
2003 33,004,800,000,000
2004 36,057,700,000,000
2005 38,378,800,000,000
2006 40,703,700,000,000
2007 43,385,900,000,000
2008 46,320,000,000,000
2009 50,042,400,000,000
2010 54,612,300,000,000
2011 57,511,000,000,000
2012 59,929,900,000,000
2013 63,218,700,000,000
2014 67,152,800,000,000
2015 69,023,900,000,000
2016 67,931,200,000,000
2017 68,491,000,000,000
2018 69,799,900,000,000
2019 71,387,800,000,000
2020 70,014,400,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts