Includes Nigeria real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Nigeria economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Nigeria best banks and safest banks are also available.
Africa’s Leading Economy
As the largest economy in Africa, Nigeria is actively working to diversify its revenue sources beyond the dominant oil and gas sectors. Efforts have been focused on building a competitive manufacturing sector, expanding agricultural output, and leveraging the country’s technological and innovative potential. With the largest population in Africa, Nigeria presents an attractive market for both domestic and foreign investors. Yet, about 40% of the population still lives below the poverty line, and while recent reforms have improved the overall business environment, bureaucratic delays, political interference and lack of transparency have slowed the pace of progress.
Nigeria GDP & Economic Overview
|28,748 sq km
|Type of Government
|USD 1,372,620 millions
|Adult Per Capita Income (PPP)
FeaturesAfrican Fintech: Untapped Potential
Emerging & Frontier MarketsCentral Bank Governor Out As Nigeria Shifts To Floating Exchange…
Capital Raising & Corporate FinanceNigerian Banks Adopt Holding Company Structures
Trade & Finance
|USD 65,364 million
|Major Trade Partners – Export
|USD 69,918 million
|Major Trade Partners – Imports
|Nigerian National Petroleum Corporation
Data Shows Nigeria’s Debt Load To Be Among
The chart at left compares Nigeria’s debt-to-GDP ratio to the regional average. It illustrates how the country has been successful at keeping its debt burden in line with its national productive capacity.
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000