Nigeria: Industry value added

* indicates monthly or quarterly data series
 Nigeria

Industry value added, billion USD

 Latest value 145.45
 Year 2022
 Measure billion U.S. dollars
 Data availability 1981 - 2022
 Average 62.08
 Min - Max 15.57 - 145.45
 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 62.08 billion U.S. dollars with a minimum of 15.57 billion U.S. dollars in 1989 and a maximum of 145.45 billion U.S. dollars in 2022. The latest value from 2022 is 145.45 billion U.S. dollars. For comparison, the world average in 2022 based on 165 countries is 126.10 billion U.S. dollars. 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 - Industry value added - Recent values chart

Historical chart
Nigeria - Industry value added - historical chart - 1981-2022




Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). 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 3. Data are in current U.S. dollars.


 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 145.45 2022 billion U.S. dollars
 Manufacturing value added 64.25 2022 billion U.S. dollars
 Services value added 208.12 2022 billion U.S. dollars
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