Nigeria GDP

Nominal GDP in billions of USD

Year -

$362.82 billions(-23.23%)

In 2023, Nigeria witnessed a decrease in its Nominal GDP, falling to 362.82 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 1414.030 international billion dollars.

Relatedly, in the preceding year of 2022, Nigeria has Nominal GDP stood at 472.63 billion dollars, while the GDP based on PPP was 1326.37 international billion dollars.

Nigeria GDP

The net change in Nigeria's GDP (Nominal) in 2023 decreased by -109.81 billion dollars(-23.23%), and GDP (PPP) increased by 87.66 international billion dollars(6.61%).


Nigeria Annual GDP Table

Source: worldbank Nominal PPP

Nigeria Annual GDP
NominalPPP
YearBil $Net Chg% ChgInt Bil $Net Chg% Chg
19604.2-- ---
19614.470.276.43 % ---
19624.910.449.84 % ---
19635.170.265.3 % ---
19645.550.387.35 % ---
19655.870.325.77 % ---
19666.370.58.52 % ---
19675.2-1.17-18.37 % ---
19685.200 % ---
19696.631.4327.5 % ---
197012.555.9289.29 % ---
19719.18-3.37-26.85 % ---
197212.273.0933.66 % ---
197315.162.8923.55 % ---
197424.859.6963.92 % ---
197527.782.9311.79 % ---
197636.318.5330.71 % ---
197736.04-0.27-0.74 % ---
197836.530.491.36 % ---
197947.2610.7329.37 % ---
198064.216.9435.84 % ---
1981164.48100.28156.2 % ---
1982142.77-21.71-13.2 % ---
198397.09-45.68-32 % ---
198473.48-23.61-24.32 % ---
198573.750.270.37 % ---
198654.81-18.94-25.68 % ---
198752.68-2.13-3.89 % ---
198849.65-3.03-5.75 % ---
198944-5.65-11.38 % ---
199054.0410.0422.82 % 195.86--
199159.535.4910.16 %203.217.353.75 %
199252.06-7.47-12.55 %217.4614.257.01 %
199356.724.668.95 %218.090.630.29 %
199480.423.6841.75 %218.70.610.28 %
1995140.9260.5275.27 %223.124.422.02 %
1996185.7344.8131.8 %236.7413.626.1 %
1997200.8515.128.14 %247.911.164.71 %
1998218.4217.578.75 %257.169.263.74 %
199959.15-159.27-72.92 %262.325.162.01 %
200069.1710.0216.94 %281.7219.47.4 %
200173.564.396.35 %305.1123.398.3 %
200295.0521.4929.21 %357.3452.2317.12 %
2003104.749.6910.19 %391.1733.839.47 %
2004135.7731.0329.63 %438.8547.6812.19 %
2005175.6739.929.39 %481.7542.99.78 %
2006238.4662.7935.74 %526.744.959.33 %
2007278.2639.816.69 %576.6249.929.48 %
2008339.4861.2222 %627.4950.878.82 %
2009295.01-44.47-13.1 %682.154.618.7 %
2010366.9971.9824.4 %745.6663.569.32 %
2011414.4747.4812.94 %801.4455.787.48 %
2012463.9749.511.94 %834.6833.244.15 %
2013520.1256.1512.1 %900.565.827.89 %
2014574.1854.0610.39 %976.3675.868.42 %
2015493.03-81.15-14.13 %989.4813.121.34 %
2016404.65-88.38-17.93 %981.58-7.9-0.8 %
2017375.75-28.9-7.14 %1000.6519.071.94 %
2018421.7445.9912.24 %1041.7441.094.11 %
2019474.5252.7812.51 %1123.3581.617.83 %
2020432.2-42.32-8.92 %1145.6722.321.99 %
2021440.848.642 %1200.154.434.75 %
2022472.6331.797.21 %1326.37126.2710.52 %
2023362.82-109.81-23.23 %1414.0387.666.61 %