In 2022, Nigeria witnessed an increase in its Nominal GDP, rising to 477.39 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 1,280.72 international billion dollars as per the World Bank's estimates. Relatedly, in the preceding year of 2021, Nigeria has Nominal GDP stood at 440.83 billion dollars, while the GDP based on PPP was 1,159.18 international billion dollars.
The net change in Nigeria's GDP (Nominal) in 2022 increased by 36.56 billion dollars(7.66%), and GDP (PPP) increased by 121.54 international billion dollars(9.49%).
Source: worldbank Nominal PPP| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 4.20 | - | - | - | - | - |
| 1961 | 4.47 | 0.27 | 6.04 % | - | - | - |
| 1962 | 4.91 | 0.44 | 8.96 % | - | - | - |
| 1963 | 5.17 | 0.26 | 5.03 % | - | - | - |
| 1964 | 5.55 | 0.38 | 6.85 % | - | - | - |
| 1965 | 5.87 | 0.32 | 5.45 % | - | - | - |
| 1966 | 6.37 | 0.50 | 7.85 % | - | - | - |
| 1967 | 5.20 | -1.17 | -22.50 % | - | - | - |
| 1968 | 5.20 | 0.00 | 0.00 % | - | - | - |
| 1969 | 6.63 | 1.43 | 21.57 % | - | - | - |
| 1970 | 12.55 | 5.92 | 47.17 % | - | - | - |
| 1971 | 9.18 | -3.37 | -36.71 % | - | - | - |
| 1972 | 12.27 | 3.09 | 25.18 % | - | - | - |
| 1973 | 15.16 | 2.89 | 19.06 % | - | - | - |
| 1974 | 24.85 | 9.69 | 38.99 % | - | - | - |
| 1975 | 27.78 | 2.93 | 10.55 % | - | - | - |
| 1976 | 36.31 | 8.53 | 23.49 % | - | - | - |
| 1977 | 36.04 | -0.27 | -0.75 % | - | - | - |
| 1978 | 36.53 | 0.49 | 1.34 % | - | - | - |
| 1979 | 47.26 | 10.73 | 22.70 % | - | - | - |
| 1980 | 64.20 | 16.94 | 26.39 % | - | - | - |
| 1981 | 164.48 | 100.28 | 60.97 % | - | - | - |
| 1982 | 142.77 | -21.71 | -15.21 % | - | - | - |
| 1983 | 97.09 | -45.68 | -47.05 % | - | - | - |
| 1984 | 73.48 | -23.61 | -32.13 % | - | - | - |
| 1985 | 73.75 | 0.27 | 0.37 % | - | - | - |
| 1986 | 54.81 | -18.94 | -34.56 % | - | - | - |
| 1987 | 52.68 | -2.13 | -4.04 % | - | - | - |
| 1988 | 49.65 | -3.03 | -6.10 % | - | - | - |
| 1989 | 44.00 | -5.65 | -12.84 % | - | - | - |
| 1990 | 54.04 | 10.04 | 18.58 % | 195.84 | - | - |
| 1991 | 49.12 | -4.92 | -10.02 % | 203.19 | 7.35 | 3.62 % |
| 1992 | 47.79 | -1.33 | -2.78 % | 217.44 | 14.25 | 6.55 % |
| 1993 | 27.75 | -20.04 | -72.22 % | 218.07 | 0.63 | 0.29 % |
| 1994 | 33.83 | 6.08 | 17.97 % | 218.68 | 0.61 | 0.28 % |
| 1995 | 44.06 | 10.23 | 23.22 % | 223.10 | 4.42 | 1.98 % |
| 1996 | 51.08 | 7.02 | 13.74 % | 236.72 | 13.62 | 5.75 % |
| 1997 | 54.46 | 3.38 | 6.21 % | 247.88 | 11.16 | 4.50 % |
| 1998 | 54.60 | 0.14 | 0.26 % | 257.14 | 9.26 | 3.60 % |
| 1999 | 59.37 | 4.77 | 8.03 % | 262.28 | 5.14 | 1.96 % |
| 2000 | 69.45 | 10.08 | 14.51 % | 281.68 | 19.40 | 6.89 % |
| 2001 | 74.03 | 4.58 | 6.19 % | 305.07 | 23.39 | 7.67 % |
| 2002 | 95.05 | 21.02 | 22.11 % | 357.32 | 52.25 | 14.62 % |
| 2003 | 104.74 | 9.69 | 9.25 % | 391.14 | 33.82 | 8.65 % |
| 2004 | 135.77 | 31.03 | 22.85 % | 438.80 | 47.66 | 10.86 % |
| 2005 | 175.67 | 39.90 | 22.71 % | 481.69 | 42.89 | 8.90 % |
| 2006 | 238.46 | 62.79 | 26.33 % | 526.65 | 44.96 | 8.54 % |
| 2007 | 278.26 | 39.80 | 14.30 % | 576.53 | 49.88 | 8.65 % |
| 2008 | 339.48 | 61.22 | 18.03 % | 627.33 | 50.80 | 8.10 % |
| 2009 | 295.01 | -44.47 | -15.07 % | 682.09 | 54.76 | 8.03 % |
| 2010 | 366.99 | 71.98 | 19.61 % | 745.55 | 63.46 | 8.51 % |
| 2011 | 414.47 | 47.48 | 11.46 % | 801.44 | 55.89 | 6.97 % |
| 2012 | 463.97 | 49.50 | 10.67 % | 833.29 | 31.85 | 3.82 % |
| 2013 | 520.12 | 56.15 | 10.80 % | 897.51 | 64.22 | 7.16 % |
| 2014 | 574.18 | 54.06 | 9.42 % | 971.49 | 73.98 | 7.62 % |
| 2015 | 493.03 | -81.15 | -16.46 % | 982.91 | 11.42 | 1.16 % |
| 2016 | 404.65 | -88.38 | -21.84 % | 973.44 | -9.47 | -0.97 % |
| 2017 | 375.75 | -28.90 | -7.69 % | 990.70 | 17.26 | 1.74 % |
| 2018 | 421.74 | 45.99 | 10.90 % | 1,034.02 | 43.32 | 4.19 % |
| 2019 | 474.52 | 52.78 | 11.12 % | 1,075.82 | 41.80 | 3.89 % |
| 2020 | 432.20 | -42.32 | -9.79 % | 1,070.30 | -5.52 | -0.52 % |
| 2021 | 440.83 | 8.63 | 1.96 % | 1,159.18 | 88.88 | 7.67 % |
| 2022 | 477.39 | 36.56 | 7.66 % | 1,280.72 | 121.54 | 9.49 % |