Dec 9, 2024 · In the first quarter of 2024, Nigeria’s real GDP at basic prices grew by 2.98% on a year-on-year basis, showing a higher growth rate compared to the corresponding quarter of 2023 which was 2.31%. Growth of Q2 of 2024 remained positive at 3.19%, higher compared to the Q2 of 2023 growth (2.51%).

GDP (current US$) - Nigeria. World Bank national accounts data, and OECD National Accounts data files. License: CC BY-4.0 ...

The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the fourth largest in Africa and the 27th-largest in terms ...

World Economics estimates Nigeria's 2024 GDP at $2.519 trillion in PPP terms (Purchasing Power Parity) and an initial estimate of $2.599 trillion for 2025. This figure is 92% higher than the official estimate published by the World Bank.

Nigeria gdp for 2022 was $472.62B, a 7.21% increase from 2021. Nigeria gdp for 2021 was $440.84B , a 2% increase from 2020. Nigeria gdp for 2020 was $432.20B , a 8.92% decline from 2019.

Gross Domestic Product (GDP) grew by 2.31% (year-on-year) in real terms in the first quarter of 2023. This growth rate declined from 3.11% recorded in the first quarter of 2022, and 3.52% in the fourth quarter of 2022. The reduction in growth is attributed to the adverse effects of the cash crunch experienced during the quarter.

The Gross Domestic Product (GDP) in Nigeria was worth 362.81 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Nigeria represents 0.34 percent of the world economy.

Dec 17, 2024 · Graph and download economic data for Gross Domestic Product for Nigeria (MKTGDPNGA646NWDB) from 1960 to 2023 about Nigeria and GDP.

Nominal (current) Gross Domestic Product (GDP) of Nigeria is $477,386,000,000 (USD) as of 2022. Real GDP (constant, inflation adjusted) of Nigeria reached $488,964,000,000 in 2022. GDP Growth Rate in 2022 was 3.25%, representing a change of 16,859,000,000 US$ over 2021, when Real GDP was $518,477,000,000.

GDP, PPP (current international $) - Nigeria from The World Bank: Data