Sub-Saharan Africa
🇳🇬 Nigeria
Real-time economic and demographic statistics for Nigeria
GDP
#28
of 214
Population
#6
of 217
GDP per Capita
#164
of 214
GDP Growth
#71
of 214
Share of World
0.17%
of world GDP
Income Level
Lower middle income
Nigeria GDP (2015–2024)
+3.43%annual growth
Chart data: 2015: 493,026,682,800.63 USD, 2016: 404,649,125,252.16 USD, 2017: 375,745,731,053.427 USD, 2018: 421,739,251,509.08 USD, 2019: 474,517,490,844.461 USD, 2020: 432,198,898,467.795 USD, 2021: 440,833,635,873.827 USD, 2022: 477,403,400,101.174 USD, 2023: 363,846,332,834.618 USD, 2024: 187,759,703,099.801 USD
Demographics
232.7M
Population
+2.10%annual growth
Labor Market
2.99%
Unemployment Rate
-0.08ppannual change
Verified: Nov 2025
Economics
+33.24%
Inflation Rate
+8.58ppannual change
Frequently Asked Questions
- What is Nigeria's GDP?
- Nigeria's GDP is approximately $187.8 billion (2024, representing 0.2% of world GDP), making it the #28 largest economy out of 214 countries. Data sourced from the World Bank.
- What is Nigeria's population?
- Nigeria has a population of approximately 232.7M — the #6 most populous country in the world. Population data is collected annually by the World Bank from national statistical agencies.
- What is Nigeria's GDP per capita?
- Nigeria's GDP per capita is approximately $807, ranking #164 globally. This metric reflects average economic output per person and is a key indicator of living standards.
- How fast is Nigeria's economy growing?
- Nigeria's economy is currently growing at approximately 3.4% per year, ranking #71 globally by GDP growth rate. Data sourced from the World Bank.
- What region is Nigeria in?
- Nigeria is located in the Sub-Saharan Africa region and is classified as a lower middle income economy by the World Bank. This classification is based on gross national income (GNI) per capita.