Economy

Nigeria

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GDP per capita19602024
93.18671.64K2.42K3.19K19602024
Source: World Bank WDI
Private credit (% of GDP)19602020
3.77.6811.715.619.619602020
Source: WB GFDD
IndicatorValue
GDP (nominal)252,000,000,000 US$World Bank WDI [2024]
GDP (PPP)2,110,000,000,000 US$World Bank WDI [2024]
GDP growth4.06 %World Bank WDI [2024]
GDP per capita1,080 US$World Bank WDI [2024]
Inflation (CPI)33.2 %World Bank WDI [2024]
Unemployment3.06 %World Bank WDI [2025]
Exports of goods & services388,000,000 US$World Bank WDI [1960]
Imports of goods & services710,000,000 US$World Bank WDI [1960]
Agriculture (% GDP)25.9 %World Bank WDI [2024]
Industry (% GDP)18.2 %World Bank WDI [2024]
Services (% GDP)53.7 %World Bank WDI [2024]
Industriescrude oil, coal, tin, columbite; rubber products, wood; hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steelCIA World Factbook [2025] · 2026 archive
Agricultural productscassava, yams, maize, oil palm fruit, rice, taro, bananas, vegetables, sorghum, groundnuts (2023); note: top ten agricultural products based on tonnageCIA World Factbook [2025] · 2026 archive
Export commoditiescrude petroleum, natural gas, gold, fertilizers, cocoa beans (2023); note: top five export commodities based on value in dollarsCIA World Factbook [2025] · 2026 archive
Export partnersUSA 10%, Spain 9%, France 8%, Netherlands 7%, India 6% (2023); note: top five export partners based on percentage share of exportsCIA World Factbook [2025] · 2026 archive
Import partnersChina 26%, Singapore 14%, Belgium 8%, India 6%, USA 4% (2023); note: top five import partners based on percentage share of importsCIA World Factbook [2025] · 2026 archive
Gini index33.9 indexWorld Bank WDI [2022]
GDP per capita (1913)No authoritative open source found
Leading mineral commoditypetroleum, crude (74,000,000 tonnes (metric), 2023)BGS World Mineral Statistics [2023]
Wealth share of top 10%0.607 %World Inequality Database [2024]
Wealth share of top 1%0.28 %World Inequality Database [2024]
Gini (WID)1–33.9 indexWorld Inequality Database [2024] 1 index·World Bank WDI [2022] 33.9 index
Top export partnersSpain (10.3%) / India (9.7%) / USA (9.3%) / France (7.6%) / Netherlands (5.3%)CEPII BACI [2024]
Top import partnersChina (31.5%) / USA (9.1%) / Belgium (8.6%) / India (6.0%) / Netherlands (3.5%)CEPII BACI [2024]
Top agricultural productsRoots and Tubers, Total / Yams / Cassava, fresh / Cereals, primary / Hen eggs in shell, freshFAOSTAT [2024]
Bank assets (% of GDP)16.4 %WB GFDD [2021]
Private credit (% of GDP)12.1 %WB GFDD [2020]
Stock market capitalization (% of GDP)13.1 %WB GFDD [2020]
Financial account ownership63.3 %WB Findex [2024]
Mobile-money account4.37 %WB Findex [2024]
Borrowed from a bank6.11 %WB Findex [2024]
Poverty headcount ($2.15/day)No authoritative open source found
Poverty headcount ($6.85/day)No authoritative open source found

Section metadata

Data year2025
EditionDatabook 2026
Coverage30/33
LicenseCC-BY
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Datasets on this page
  • World Bank WDI
    world_bank_wdi
    Edition: 2024
  • CIA World Factbook
    cia_factbook
    Edition: 2025
  • BGS World Mineral Statistics
    bgs_world_minerals
    Edition: 2023
  • World Inequality Database
    world_inequality_database
    Edition: 2026
  • CEPII BACI
    cepii_baci_trade
    Edition: 2026
  • FAOSTAT
    faostat
    Edition: 2026
  • WB GFDD
    world_bank_gfdd
    Edition: 2022
  • WB Findex
    world_bank_global_findex
    Edition: 2025
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About this data

Nigeria's economy on Databook compiles 30 indicators from 8 open datasets including World Bank WDI, CIA World Factbook, BGS World Mineral Statistics. Key figures include gdp (nominal) (252,000,000,000 US$), gdp (ppp) (2,110,000,000,000 US$). Data is referenced to 2025. Every value carries its source and publication year, published under open licenses.