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 1,414.03 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 1,326.37 international billion dollars.
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%).
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 4.2 | - | - | - | - | - |
| 1961 | 4.47 | 0.27 | 6.43 % | - | - | - |
| 1962 | 4.91 | 0.44 | 9.84 % | - | - | - |
| 1963 | 5.17 | 0.26 | 5.3 % | - | - | - |
| 1964 | 5.55 | 0.38 | 7.35 % | - | - | - |
| 1965 | 5.87 | 0.32 | 5.77 % | - | - | - |
| 1966 | 6.37 | 0.5 | 8.52 % | - | - | - |
| 1967 | 5.2 | -1.17 | -18.37 % | - | - | - |
| 1968 | 5.2 | 0 | 0 % | - | - | - |
| 1969 | 6.63 | 1.43 | 27.5 % | - | - | - |
| 1970 | 12.55 | 5.92 | 89.29 % | - | - | - |
| 1971 | 9.18 | -3.37 | -26.85 % | - | - | - |
| 1972 | 12.27 | 3.09 | 33.66 % | - | - | - |
| 1973 | 15.16 | 2.89 | 23.55 % | - | - | - |
| 1974 | 24.85 | 9.69 | 63.92 % | - | - | - |
| 1975 | 27.78 | 2.93 | 11.79 % | - | - | - |
| 1976 | 36.31 | 8.53 | 30.71 % | - | - | - |
| 1977 | 36.04 | -0.27 | -0.74 % | - | - | - |
| 1978 | 36.53 | 0.49 | 1.36 % | - | - | - |
| 1979 | 47.26 | 10.73 | 29.37 % | - | - | - |
| 1980 | 64.2 | 16.94 | 35.84 % | - | - | - |
| 1981 | 164.48 | 100.28 | 156.2 % | - | - | - |
| 1982 | 142.77 | -21.71 | -13.2 % | - | - | - |
| 1983 | 97.09 | -45.68 | -32 % | - | - | - |
| 1984 | 73.48 | -23.61 | -24.32 % | - | - | - |
| 1985 | 73.75 | 0.27 | 0.37 % | - | - | - |
| 1986 | 54.81 | -18.94 | -25.68 % | - | - | - |
| 1987 | 52.68 | -2.13 | -3.89 % | - | - | - |
| 1988 | 49.65 | -3.03 | -5.75 % | - | - | - |
| 1989 | 44 | -5.65 | -11.38 % | - | - | - |
| 1990 | 54.04 | 10.04 | 22.82 % | 195.86 | - | - |
| 1991 | 59.53 | 5.49 | 10.16 % | 203.21 | 7.35 | 3.75 % |
| 1992 | 52.06 | -7.47 | -12.55 % | 217.46 | 14.25 | 7.01 % |
| 1993 | 56.72 | 4.66 | 8.95 % | 218.09 | 0.63 | 0.29 % |
| 1994 | 80.4 | 23.68 | 41.75 % | 218.7 | 0.61 | 0.28 % |
| 1995 | 140.92 | 60.52 | 75.27 % | 223.12 | 4.42 | 2.02 % |
| 1996 | 185.73 | 44.81 | 31.8 % | 236.74 | 13.62 | 6.1 % |
| 1997 | 200.85 | 15.12 | 8.14 % | 247.9 | 11.16 | 4.71 % |
| 1998 | 218.42 | 17.57 | 8.75 % | 257.16 | 9.26 | 3.74 % |
| 1999 | 59.15 | -159.27 | -72.92 % | 262.32 | 5.16 | 2.01 % |
| 2000 | 69.17 | 10.02 | 16.94 % | 281.72 | 19.4 | 7.4 % |
| 2001 | 73.56 | 4.39 | 6.35 % | 305.11 | 23.39 | 8.3 % |
| 2002 | 95.05 | 21.49 | 29.21 % | 357.34 | 52.23 | 17.12 % |
| 2003 | 104.74 | 9.69 | 10.19 % | 391.17 | 33.83 | 9.47 % |
| 2004 | 135.77 | 31.03 | 29.63 % | 438.85 | 47.68 | 12.19 % |
| 2005 | 175.67 | 39.9 | 29.39 % | 481.75 | 42.9 | 9.78 % |
| 2006 | 238.46 | 62.79 | 35.74 % | 526.7 | 44.95 | 9.33 % |
| 2007 | 278.26 | 39.8 | 16.69 % | 576.62 | 49.92 | 9.48 % |
| 2008 | 339.48 | 61.22 | 22 % | 627.49 | 50.87 | 8.82 % |
| 2009 | 295.01 | -44.47 | -13.1 % | 682.1 | 54.61 | 8.7 % |
| 2010 | 366.99 | 71.98 | 24.4 % | 745.66 | 63.56 | 9.32 % |
| 2011 | 414.47 | 47.48 | 12.94 % | 801.44 | 55.78 | 7.48 % |
| 2012 | 463.97 | 49.5 | 11.94 % | 834.68 | 33.24 | 4.15 % |
| 2013 | 520.12 | 56.15 | 12.1 % | 900.5 | 65.82 | 7.89 % |
| 2014 | 574.18 | 54.06 | 10.39 % | 976.36 | 75.86 | 8.42 % |
| 2015 | 493.03 | -81.15 | -14.13 % | 989.48 | 13.12 | 1.34 % |
| 2016 | 404.65 | -88.38 | -17.93 % | 981.58 | -7.9 | -0.8 % |
| 2017 | 375.75 | -28.9 | -7.14 % | 1000.65 | 19.07 | 1.94 % |
| 2018 | 421.74 | 45.99 | 12.24 % | 1041.74 | 41.09 | 4.11 % |
| 2019 | 474.52 | 52.78 | 12.51 % | 1123.35 | 81.61 | 7.83 % |
| 2020 | 432.2 | -42.32 | -8.92 % | 1145.67 | 22.32 | 1.99 % |
| 2021 | 440.84 | 8.64 | 2 % | 1200.1 | 54.43 | 4.75 % |
| 2022 | 472.63 | 31.79 | 7.21 % | 1326.37 | 126.27 | 10.52 % |
| 2023 | 362.82 | -109.81 | -23.23 % | 1414.03 | 87.66 | 6.61 % |