Nigeria: Gross Domestic Product (GDP)
* indicates monthly or quarterly data series
The most recent value is 62232.72 billion Nigerian Naira as of Q2 2024, an increase compared to the previous value of 60276.87 billion Nigerian Naira. Historically, the average for Nigeria from Q1 2010 to Q2 2024 is 31588.8 billion Nigerian Naira. The minimum of 12583.48 billion Nigerian Naira was recorded in Q1 2010, while the maximum of 67668.48 billion Nigerian Naira was reached in Q4 2023.
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* indicates monthly or quarterly data series
- Measure: billion Nigerian Naira
- Source: National Bureau of Statistics, Nigeria
| Recent values | Nigeria: GDP, billion currency units |
|---|---|
| 2024 Q2 | 62232.72 |
| 2024 Q1 | 60276.87 |
| 2023 Q4 | 67668.48 |
| 2023 Q3 | 62054.36 |
| 2023 Q2 | 52755.88 |
| 2023 Q1 | 51947.19 |
| 2022 Q4 | 57780.58 |
| 2022 Q3 | 53176.51 |
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Definition: The Gross Domestic Product (GDP) is the sum of the gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. The data are in billion local currency units using current prices.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | 2.86 | 2023 | percent |
| GDP, constant dollars | 550.6 | 2023 | billion U.S. dollars |
| GDP, current U.S. dollars | 362.81 | 2023 | billion U.S. dollars |
| GDP per capita, current dollars | 1,621.12 | 2023 | U.S. dollars |
| GDP per capita, PPP | 5,695 | 2023 | U.S. dollars |
| GDP per capita, constant dollars | 2,460.39 | 2023 | U.S. dollars |
| Economic growth, quarterly | 3.01 | Q2/2024 | percent |
| Gross Domestic Product (GDP) | 62,232.72 | Q2/2024 | billion |