Nigeria: Share of industry

* indicates monthly or quarterly data series

Value added by industry as percent of GDP

 Latest value 30.78
 Year 2022
 Measure percent
 Data availability 1981 - 2022
 Average 29.68
 Min - Max 18.17 - 39.25
 Source The World Bank
For that indicator, we provide data for Nigeria from 1981 to 2022. The average value for Nigeria during that period was 29.68 percent with a minimum of 18.17 percent in 2016 and a maximum of 39.25 percent in 1981. The latest value from 2022 is 30.78 percent. For comparison, the world average in 2022 based on 166 countries is 27.55 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Nigeria - Share of industry - Recent values chart

Historical chart
Nigeria - Share of industry - historical chart - 1981-2022

The importance of industry in the economy of Nigeria and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.
Definition: Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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 Related indicators Latest value Reference Measure
 Share of industry 30.78 2022 percent
 Share of manufacturing 13.59 2022 percent
 Share of services 44.04 2022 percent
 Industry value added 118.22 2023 billion U.S. dollars
 Manufacturing value added 55.74 2023 billion U.S. dollars
 Services value added 155.16 2023 billion U.S. dollars
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