GDP Growth Rate
Year -
2.86%
In 2023, Nigeria experienced a significant a decrease in its GDP growth rate, which fall to 2.86% from 3.25% in 2022. Additionally, the GDP per capita growth rate in Nigeria decrease to 0.44% in 2023, compared to 0.82% in 2022.
In 2023, Nigeria experienced a decrease in economic performance, with the GDP growth rate falling by 0.39%. Additionally, the GDP per capita growth rate decrease by 0.38%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 0.19% | 0.19% | -1.83% | -1.83% |
| 1962 | 4.1% | 3.91% | 1.95% | 3.78% |
| 1963 | 8.58% | 4.48% | 6.31% | 4.36% |
| 1964 | 4.95% | -3.63% | 2.73% | -3.58% |
| 1965 | 4.88% | -0.07% | 2.64% | -0.09% |
| 1966 | -4.25% | -9.13% | -6.3% | -8.94% |
| 1967 | -15.74% | -11.49% | -17.5% | -11.20% |
| 1968 | -1.25% | 14.49% | -3.3% | 14.20% |
| 1969 | 24.2% | 25.45% | 21.57% | 24.87% |
| 1970 | 25.01% | 0.81% | 22.29% | 0.72% |
| 1971 | 14.24% | -10.77% | 11.69% | -10.60% |
| 1972 | 3.36% | -10.88% | 0.99% | -10.70% |
| 1973 | 5.39% | 2.03% | 2.86% | 1.87% |
| 1974 | 11.16% | 5.77% | 8.34% | 5.48% |
| 1975 | -5.23% | -16.39% | -7.78% | -16.12% |
| 1976 | 9.04% | 14.27% | 5.99% | 13.77% |
| 1977 | 6.02% | -3.02% | 2.95% | -3.04% |
| 1978 | -5.76% | -11.78% | -8.57% | -11.52% |
| 1979 | 6.76% | 12.52% | 3.57% | 12.14% |
| 1980 | 4.2% | -2.56% | 1.06% | -2.51% |
| 1981 | -13.13% | -17.33% | -15.7% | -16.76% |
| 1982 | -6.8% | 6.33% | -9.47% | 6.23% |
| 1983 | -10.92% | -4.12% | -13.13% | -3.66% |
| 1984 | -1.12% | 9.80% | -3.53% | 9.60% |
| 1985 | 5.91% | 7.03% | 3.06% | 6.59% |
| 1986 | 0.06% | -5.85% | -2.53% | -5.59% |
| 1987 | 3.2% | 3.14% | 0.57% | 3.10% |
| 1988 | 7.33% | 4.13% | 4.59% | 4.02% |
| 1989 | 1.92% | -5.41% | -0.71% | -5.30% |
| 1990 | 11.78% | 9.86% | 8.88% | 9.59% |
| 1991 | 0.36% | -11.42% | -2.18% | -11.06% |
| 1992 | 4.63% | 4.27% | 2.02% | 4.20% |
| 1993 | -2.04% | -6.67% | -4.51% | -6.53% |
| 1994 | -1.81% | 0.23% | -4.31% | 0.20% |
| 1995 | -0.07% | 1.74% | -2.6% | 1.71% |
| 1996 | 4.2% | 4.27% | 1.6% | 4.20% |
| 1997 | 2.94% | -1.26% | 0.37% | -1.23% |
| 1998 | 2.58% | -0.36% | 0.03% | -0.34% |
| 1999 | 0.58% | -2.00% | -1.94% | -1.97% |
| 2000 | 5.02% | 4.44% | 2.32% | 4.26% |
| 2001 | 5.92% | 0.90% | 3.15% | 0.83% |
| 2002 | 15.33% | 9.41% | 12.28% | 9.13% |
| 2003 | 7.35% | -7.98% | 4.5% | -7.78% |
| 2004 | 9.25% | 1.90% | 6.35% | 1.85% |
| 2005 | 6.44% | -2.81% | 3.61% | -2.74% |
| 2006 | 6.06% | -0.38% | 3.24% | -0.37% |
| 2007 | 6.59% | 0.53% | 3.74% | 0.50% |
| 2008 | 6.76% | 0.17% | 3.9% | 0.16% |
| 2009 | 8.04% | 1.28% | 5.13% | 1.23% |
| 2010 | 8.01% | -0.03% | 5.08% | -0.05% |
| 2011 | 5.31% | -2.70% | 2.44% | -2.64% |
| 2012 | 4.23% | -1.08% | 1.4% | -1.04% |
| 2013 | 6.67% | 2.44% | 3.83% | 2.43% |
| 2014 | 6.31% | -0.36% | 3.55% | -0.28% |
| 2015 | 2.65% | -3.66% | 0.08% | -3.47% |
| 2016 | -1.62% | -4.27% | -4.05% | -4.13% |
| 2017 | 0.81% | 2.43% | -1.71% | 2.34% |
| 2018 | 1.92% | 1.11% | -0.59% | 1.12% |
| 2019 | 2.21% | 0.29% | -0.26% | 0.33% |
| 2020 | -1.79% | -4.00% | -4.16% | -3.90% |
| 2021 | 3.65% | 5.44% | 1.18% | 5.34% |
| 2022 | 3.25% | -0.40% | 0.82% | -0.36% |
| 2023 | 2.86% | -0.39% | 0.44% | -0.38% |