Nigeria: Services value added

* indicates monthly or quarterly data series

Services value added, billion USD

 Latest value 208.12
 Year 2022
 Measure billion U.S. dollars
 Data availability 1981 - 2022
 Average 110.71
 Min - Max 18.63 - 310.94
 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 110.71 billion U.S. dollars with a minimum of 18.63 billion U.S. dollars in 1989 and a maximum of 310.94 billion U.S. dollars in 2014. The latest value from 2022 is 208.12 billion U.S. dollars. For comparison, the world average in 2022 based on 164 countries is 230.01 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 - Services value added - Recent values chart

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

Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in constant 2010 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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