Nigeria's GDP Growth: Uncovering The Economic Drivers Behind The Numbers

Change in per capita GDP of Nigeria, 1950–2018. Figures are inflation-adjusted to 2011 International Geary–Khamis dollars. Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development ( OECD ); Staff estimates, World Bank ( WB ). License : CC BY-4.0. Current and historical GrossDomesticProduct (GDP) of Nigeria in nominal and real US dollar values. GDPgrowth rates and charts.The GDPgrowth rate in 2026 is 4.1%, according to the International Monetary Fund (IMF). Nigeria'seconomy just clocked 4.23% GDPgrowth in Q2 2025 — the strongest performance since 2021. This beat both government projections and the IMF's 3.4% forecast. At USD 188 billion in 2024, Nigeria is the region’s largest economy, with real GDPgrowth (3.4%), slightly above the continental average. Côte d’Ivoire and Ghana—each roughly half Nigeria’s size—are growing much faster, at 6% and 5.7%, respectively. View Nigeria'sGDP outlook to stay informed on its economicgrowth. With reports, data and estimates from the world's top economists you can stay up to date. Nigeria: Distribution of grossdomesticproduct (GDP) across economic sectors from 2013 to 2023. Why Rebasing Nigeria’sGDP Matters. In September 2024, Adeyemi Adeniran, Statistician General of the Federation and head of the NBS, announced plans to rebase Nigeria’sGDP and Consumer Price Index (CPI) to align with global best practices.

Nigeria's GDP Growth: Uncovering the Economic Drivers Behind the Numbers 1