Nigeria
Capital: AbujaRegion: Sub-Saharan Africa Income: Lower middle income
Nigeria's GDP is $334.34B (2026), with a population of 232.7M, and GDP per capita of $1,378. Key indicators include real GDP growth of 4.2%, inflation at 22.0%, government debt at 35.0% of GDP, life expectancy of 54.5 years. Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators. Explore Nigeria's full economic profile with 440+ indicators, interactive charts, and historical data below.
Source: IMF World Economic Outlook
Economy
| Indicator | Value | Year |
|---|---|---|
| GDP (Current USD, Billions) | $334.34B | 2026 |
| Real GDP Growth (%) | 4.2% | 2026 |
| GDP per Capita (USD) | $1,378 | 2026 |
| GDP, PPP (Billions Intl $) | $2.39T | 2026 |
| GDP per Capita, PPP (Intl $) | $9,861 | 2026 |
| Share of World GDP, PPP (%) | 1.09% | 2026 |
| GNI (Current USD) | $245.63B | 2024 |
| GNI per Capita (USD) | $1,700 | 2024 |
| GNI per Capita, PPP (USD) | $8,850 | 2024 |
| Industry Value Added (% of GDP) | 18.2% | 2024 |
| Services Value Added (% of GDP) | 53.7% | 2024 |
| Agriculture Value Added (% of GDP) | 25.9% | 2024 |
| GDP Deflator (%) | 14.1% | 2024 |
| GDP per Person Employed (USD) | $16,930 | 2024 |
| Manufacturing Value Added (% of GDP) | 8.7% | 2024 |
| Medium/High-Tech Manufacturing (% of total) | 33.4% | 2022 |
| Adjusted Net National Income per Capita (USD) | $1,663 | 2021 |
| Adjusted Net Savings (% of GNI) | 18.5% | 2021 |
| Coal Rents (% of GDP) | 0.00% | 2021 |
| Mineral Rents (% of GDP) | 0.01% | 2021 |
| Oil Rents (% of GDP) | 6.25% | 2021 |
| Natural Gas Rents (% of GDP) | 1.16% | 2021 |
| Total Natural Resources Rents (% of GDP) | 8.6% | 2021 |
| Forest Rents (% of GDP) | 1.13% | 2021 |
| Industry Value Added (Current USD) | $45.90B | 2024 |
Financial Markets
| Indicator | Value | Year |
|---|---|---|
| Exchange Rate (per USD) | 1,380.91 | 2026 |
Fiscal & Monetary
| Indicator | Value | Year |
|---|---|---|
| Inflation, Consumer Prices (%) | 22.0% | 2026 |
| Govt Gross Debt (% of GDP) | 35.0% | 2026 |
| Fiscal Balance (% of GDP) | -3.7% | 2026 |
| Current Account Balance (% of GDP) | 3.6% | 2026 |
| Total Investment (% of GDP) | 18.5% | 2026 |
| Gross National Savings (% of GDP) | 22.1% | 2026 |
| Inflation, CPI (%, World Bank) | 33.2% | 2024 |
| Real Interest Rate (%) | 2.9% | 2023 |
| Lending Interest Rate (%) | 14.0% | 2023 |
| Deposit Interest Rate (%) | 7.8% | 2023 |
| Total Reserves incl. Gold (USD) | $38.61B | 2024 |
| Total Reserves (months of imports) | 6.8 | 2024 |
| Official Exchange Rate (per USD) | 1,478.97 | 2024 |
| PPP Conversion Factor | 176.33 | 2024 |
| Broad Money (% of GDP) | 19.0% | 2022 |
Trade
| Indicator | Value | Year |
|---|---|---|
| Merchandise Exports (USD) | $53.32B | 2024 |
| Merchandise Imports (USD) | $41.26B | 2024 |
| FDI Inflows (% of GDP) | 0.4% | 2024 |
| FDI Outflows (% of GDP) | 0.2% | 2024 |
| FDI Net Inflows (USD) | $1.08B | 2024 |
| Personal Remittances Received (USD) | $21.29B | 2024 |
| Personal Remittances Received (% of GDP) | 8.4% | 2024 |
| High-Tech Exports (% of manufactured) | 2.7% | 2024 |
| Current Account Balance (% of GDP) | 6.8% | 2024 |
| Current Account Balance (USD) | $17.22B | 2024 |
External Debt
| Indicator | Value | Year |
|---|---|---|
| External Debt (% of GNI) | 60.0% | 2024 |
| External Debt Stocks (USD) | $108.76B | 2024 |
| Total Debt Service (% of GNI) | 5.5% | 2024 |
| Present Value of External Debt (USD) | $43.38B | 2024 |
| Use of IMF Credit (USD) | $6.05B | 2024 |
| Net ODA Received (% of GNI) | 0.8% | 2023 |
| Net ODA Received (USD) | $3.60B | 2023 |
Finance
| Indicator | Value | Year |
|---|---|---|
| Domestic Credit to Private Sector (% of GDP) | 9.6% | 2022 |
| Stock Market Capitalization (% of GDP) | 21.6% | 2024 |
| Stock Market Capitalization (USD) | $54.40B | 2024 |
| Stock Market Turnover (% of GDP) | 0.6% | 2024 |
| Listed Domestic Companies | 169 | 2024 |
| Bank Capital to Assets Ratio (%) | 5.7% | 2022 |
| Bank Nonperforming Loans (%) | 4.0% | 2022 |
| Account Ownership at Financial Institution (%) | 63.3% | 2024 |
| Account Ownership, Female (%) | 52.2% | 2024 |
| Account Ownership, Male (%) | 74.3% | 2024 |
| Firms Using Banks to Finance Investment (%) | 5.2% | 2025 |
Business Environment
| Indicator | Value | Year |
|---|---|---|
| Time to Get Electricity (days) | 25 | 2025 |
Private Sector
| Indicator | Value | Year |
|---|---|---|
| Firms Expected to Pay Bribes (%) | 29.4% | 2025 |
| Firms with Female Top Manager (%) | 18.4% | 2025 |
| Firms with Female Participation in Ownership (%) | 14.3% | 2025 |
| Firms Offering Training (%) | 36.2% | 2025 |
| Average Firm Age (years) | 18 years | 2025 |
| Firms Using Computers (%) | 56.4% | 2025 |
People
| Indicator | Value | Year |
|---|---|---|
| Population | 232.7M | 2024 |
| Population Growth (%) | 2.1% | 2024 |
| Population Density (per km²) | 250 | 2023 |
| Surface Area (sq km) | 923,770 | 2023 |
| Land Area (sq km) | 910,770 | 2023 |
| Urban Population (%) | 63.0% | 2024 |
| Urban Population (total) | 146.5M | 2024 |
| Rural Population (%) | 37.0% | 2024 |
| Life Expectancy at Birth | 54.5 years | 2023 |
| Life Expectancy, Male | 54.2 years | 2023 |
| Life Expectancy, Female | 54.7 years | 2023 |
| Fertility Rate (births per woman) | 4.5 | 2023 |
| Birth Rate (per 1,000) | 33 | 2023 |
| Death Rate (per 1,000) | 11.7 | 2023 |
| Net Migration | -15,258 | 2025 |
| Population Ages 0–14 (%) | 41.0% | 2024 |
| Population Ages 15–64 (%) | 55.9% | 2024 |
| Population Ages 65+ (%) | 3.0% | 2024 |
| Age Dependency Ratio (%) | 78.8% | 2024 |
| Old-Age Dependency Ratio (%) | 5.5% | 2024 |
| Youth Dependency Ratio (%) | 73.3% | 2024 |
| Mortality Rate, Adult Male (per 1,000) | 356.4 | 2023 |
| Mortality Rate, Adult Female (per 1,000) | 342.6 | 2023 |
Labor
| Indicator | Value | Year |
|---|---|---|
| Total Labor Force | 116.6M | 2025 |
| Labor Force Participation (%) | 82.5% | 2025 |
| Female Labor Force Participation (%) | 80.7% | 2025 |
| Male Labor Force Participation (%) | 84.3% | 2025 |
| Unemployment (%) | 3.1% | 2025 |
| Female Unemployment (%) | 3.9% | 2025 |
| Male Unemployment (%) | 2.3% | 2025 |
| Youth Unemployment (%) | 5.3% | 2025 |
| Employment in Agriculture (%) | 33.5% | 2025 |
| Employment in Industry (%) | 17.0% | 2025 |
| Employment in Services (%) | 49.5% | 2025 |
| Self-Employed (%) | 81.5% | 2024 |
| Vulnerable Employment (%) | 66.5% | 2025 |
| Wage & Salaried Workers (% of total) | 13.8% | 2025 |
| Employers (% of total employment) | 19.7% | 2025 |
| Labor Force, Female (% of total) | 48.4% | 2025 |
| Employment to Population Ratio (%) | 80.0% | 2025 |
| Self-Employed (% of total) | 86.2% | 2025 |
| NEET Youth (% not in education/employment) | 11.9% | 2024 |
Education
| Indicator | Value | Year |
|---|---|---|
| Education Spending (% of GDP) | 0.3% | 2023 |
| Education Spending (% of govt expenditure) | 3.0% | 2024 |
| Adult Literacy Rate (%) | 70.4% | 2024 |
| Female Literacy Rate (%) | 62.4% | 2024 |
| Male Literacy Rate (%) | 78.4% | 2024 |
| Youth Literacy Rate (%) | 81.4% | 2024 |
| Primary School Enrollment (%) | 89.6% | 2023 |
| Secondary School Enrollment (%) | 46.9% | 2023 |
| Primary Completion Rate (%) | 70.2% | 2010 |
| Lower Secondary Completion Rate (%) | 44.2% | 2010 |
| Out-of-School Children, Primary | 9.1M | 2023 |
| Out-of-School Girls, Primary | 4.7M | 2023 |
| Primary School Teachers | 913,305 | 2021 |
| Secondary School Teachers | 912,245 | 2021 |
| Pupil-Teacher Ratio (Primary) | 64.4 | 2009 |
Health
Energy & Environment
| Indicator | Value | Year |
|---|---|---|
| CO₂ Emissions (tonnes per capita) | 0.6 | 2024 |
| CO₂ Emissions (total kilotonnes) | 132 | 2024 |
| Energy Use (kg oil eq. per capita) | 333 | 2022 |
| Electric Power Consumption (kWh per capita) | 136 | 2022 |
| Renewable Electricity Output (%) | 23.8% | 2021 |
| Renewable Energy Consumption (%) | 80.3% | 2021 |
| Access to Electricity (%) | 61.2% | 2023 |
| Access to Clean Fuels for Cooking (%) | 26.2% | 2023 |
| PM2.5 Air Pollution (µg/m³) | 56.5 | 2020 |
| Forest Area (%) | 23.2% | 2023 |
| Forest Area (sq km) | 211,371 | 2023 |
| Arable Land (%) | 40.5% | 2023 |
| Terrestrial Protected Areas (%) | 11.6% | 2024 |
| Marine Protected Areas (%) | 0.0% | 2024 |
| Access to Basic Drinking Water (%) | 82.2% | 2024 |
| Access to Basic Sanitation (%) | 47.9% | 2024 |
Agriculture
| Indicator | Value | Year |
|---|---|---|
| Agricultural Land (%) | 76.2% | 2023 |
| Cereal Yield (kg per hectare) | 1,549 | 2023 |
| Food Production Index (2014–2016=100) | 119.8 | 2022 |
| Crop Production Index (2014–2016=100) | 120.9 | 2022 |
| Livestock Production Index (2014–2016=100) | 112.9 | 2022 |
| Land Under Cereal Production (hectares) | 18.1M | 2023 |
| Total Fisheries Production (metric tonnes) | 799,635 | 2023 |
| Fertilizer Consumption (kg per hectare) | 4.2 | 2023 |
| Prevalence of Undernourishment (%) | 19.9% | 2023 |
| Annual Freshwater Withdrawals (% of internal) | 5.6% | 2022 |
| Cereal Production (metric tons) | 28.1M | 2023 |
Technology
| Indicator | Value | Year |
|---|---|---|
| Internet Users (%) | 39.2% | 2023 |
| Mobile Subscriptions (per 100 people) | 98 | 2023 |
| Fixed Broadband Subscriptions (per 100) | 0.1 | 2023 |
| Secure Internet Servers (per million) | 98.4 | 2024 |
| R&D Spending (% of GDP) | 0.28% | 2019 |
| Patent Applications, Residents | 410 | 2020 |
| Patent Applications, Non-Residents | 598 | 2020 |
| Scientific Journal Articles | 9,408 | 2022 |
| High-Technology Exports (USD) | $50.1M | 2024 |
| ICT Service Exports (% of service exports) | 4.0% | 2024 |
| ICT Service Exports (USD) | $184.4M | 2024 |
| Industrial Design Applications, Resident | 1,016 | 2020 |
| Researchers in R&D (per million) | 22 | 2019 |
Infrastructure
| Indicator | Value | Year |
|---|---|---|
| Air Transport, Passengers Carried | 5.3M | 2023 |
| Air Transport, Freight (million ton-km) | 3.1 | 2023 |
| Container Port Traffic (TEU) | 1.6M | 2022 |
| Rail Lines (total km) | 3,528 | 2015 |
| Railways, Goods (million ton-km) | 77 | 2005 |
| Logistics Performance Index (1–5) | 2.60 | 2022 |
| Electricity from Oil (%) | 0.0% | 2021 |
| Electricity from Nuclear (%) | 0.0% | 2021 |
Gender
| Indicator | Value | Year |
|---|---|---|
| Women in Parliament (%) | 3.9% | 2024 |
| Female Labor Force Participation, 15+ (%) | 80.5% | 2024 |
| Female Wage & Salaried Workers (%) | 10.5% | 2025 |
| Adolescent Fertility Rate (per 1,000) | 86.4 | 2023 |
| Gender Parity Index, Secondary | 0.95 | 2018 |
| Gender Parity in Primary Education | 1.01 | 2019 |
Governance
| Indicator | Value | Year |
|---|---|---|
| Control of Corruption | -1.04 | 2023 |
| Government Effectiveness | -0.85 | 2023 |
| Political Stability | -1.77 | 2023 |
| Regulatory Quality | -0.94 | 2023 |
| Rule of Law | -0.89 | 2023 |
| Voice & Accountability | -0.55 | 2023 |
| Control of Corruption (percentile rank) | 17.0% | 2023 |
| Government Effectiveness (percentile rank) | 20.3% | 2023 |
| Rule of Law (percentile rank) | 20.3% | 2023 |
| Political Stability (percentile rank) | 7.6% | 2023 |
Military
| Indicator | Value | Year |
|---|---|---|
| Military Spending (% of GDP) | 0.6% | 2024 |
| Military Expenditure (USD) | $1.13B | 2024 |
| Armed Forces Personnel | 223,000 | 2020 |
| Armed Forces (% of labor force) | 0.2% | 2020 |
| Military Spending (% of govt expenditure) | 3.1% | 2024 |
| Intentional Homicides (per 100,000) | 15.7 | 2023 |
Poverty & Inequality
| Indicator | Value | Year |
|---|---|---|
| Poverty at $2.15/day (%) | 41.8% | 2022 |
| Poverty at $3.65/day (%) | 64.0% | 2022 |
| Poverty at $6.85/day (%) | 92.9% | 2022 |
| Poverty Headcount, National (%) | 56.2% | 2023 |
| Gini Index | 33.9 | 2022 |
| Income Share, Top 10% | 26.3% | 2022 |
| Income Share, Bottom 10% | 3.0% | 2022 |
| Income Share, Top 20% | 41.6% | 2022 |
| Income Share, Bottom 20% | 7.5% | 2022 |
| Poverty Gap at $2.15/day (%) | 13.0% | 2022 |
Social Protection
| Indicator | Value | Year |
|---|---|---|
| Human Capital Index (0–1) | 0.36 | 2020 |
| Human Capital Index, Female | 0.37 | 2020 |
| Human Capital Index, Male | 0.36 | 2020 |
| Learning-Adjusted Years of School | 5.0 years | 2020 |
Tourism
| Indicator | Value | Year |
|---|---|---|
| International Tourism, Arrivals | 5.3M | 2016 |
| Tourism Receipts (USD) | $321.0M | 2020 |
| Tourism Expenditures (USD) | $6.61B | 2020 |
| Tourism Receipts (% of total exports) | 0.8% | 2020 |
| International Tourism, Transport Services (USD) | $8.0M | 2020 |
Urban Development
| Indicator | Value | Year |
|---|---|---|
| Urban Population Growth (%) | 3.4% | 2024 |
| Population in Largest City | 17.2M | 2025 |
| Population in Largest City (% of urban) | 11.3% | 2025 |
| Population in Agglomerations >1M (% of total) | 17.6% | 2025 |
| Population in Slums (% of urban) | 48.5% | 2022 |
| Rural Population Growth (%) | -0.1% | 2024 |
| Access to Safely Managed Drinking Water (%) | 29.9% | 2024 |
| Access to Safely Managed Sanitation (%) | 32.2% | 2024 |
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