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Economy of Nigeria

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Overview Economy Population Trade Government Finance Society Environment

GDP Composition by Industry

26.5% 14.1% 19.4% 10.4% 25.2%
  • Agriculture, forestry & fishing: 26.5%
  • Mining, manufacturing & utilities: 14.1%
  • Construction: 4.5%
  • Trade, restaurants & hotels: 19.4%
  • Transport & communication: 10.4%
  • Finance, real estate & other services: 25.2%
Show table
Agriculture, forestry & fishing
26.5%
Mining, manufacturing & utilities
14.1%
Construction
4.5%
Trade, restaurants & hotels
19.4%
Transport & communication
10.4%
Finance, real estate & other services
25.2%

Share of total gross value added by industry.
Source: UN National Accounts, 2024.

GDP

GDP (USD) 377B #47 / 190 2026
GDP (Local currency - NGN) 529.3T - 2026
Real GDP (Local currency - NGN) 235.71T - 2026
PPP GDP (Int$) 2.42T #19 / 191 2026
GNI (USD) 231B #55 / 210 2024

GDP per Capita

GDP per Capita (USD) 1,556 #163 / 190 2026
GDP per Capita (Local currency - NGN) 2.18M - 2026
Real GDP per Capita (Local currency - NGN) 971,695 - 2026
PPP GDP per Capita (Int$) 9,994 #136 / 191 2026
GNI per Capita (USD) 994 #189 / 210 2024

Economic Growth

GDP Growth 4.1% #50 / 191 2026

Prices and Inflation

Inflation Rate 16% #11 / 191 2026

Labor Market

Unemployment Rate No data - -

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