Nigerian flag


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

Key Facts

Total Area 28,748 sq km
Type of Government Democratic republic
Capital City Abuja
Total Population 82.98 million
Median Age 17.2
Total GDP USD 1,372,620 millions
Adult Per Capita Income (PPP) USD 11,700.15

Trade & Finance

International Trade

Total Exports USD 65,364 million
Major Exports Crude petroleum
Natural gas
Scrap vessels
Cocoa beans
Refined petroleum
Major Trade Partners – Export India
Total Imports USD 69,918 million
Major Imports Cars
Refined petroleum
Labratory glassware
Packaged medicines
Major Trade Partners – Imports China
United States

Inbound and Outbound Investment

Leading Companies

Construction materials Dangote Cement
Bank Zenith Bank
Telecom Globacom
Logistics Jumia Technologies
Payments Interswitch
Energy Nigerian National Petroleum Corporation

Data Shows Nigeria’s Debt Load To Be Among
Africa’s Lowest

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.

Global Finance Rankings & Awards: Nigeria

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.

Data Sources

CIA Factbook

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch 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