GDP Growth Rate of Nigeria
Updated on May 15, 2023.
The Gross Domestic Product (GDP) growth rate of Nigeria was 3.65% in 2021, a difference of +5.44 points from 2020, according to recent data from the World Bank.
The chart and table below shows the GDP growth rate of Nigeria for 1961-2021.
The World Bank defines annual Gross Domestic Product (GDP) as "the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products; it is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources".
See also: GDP of Nigeria.
Data Source: World Bank.
GDP Growth Rate of Nigeria (%)
Table of GDP Growth Rate of Nigeria
Items per page:
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| Year | GDP Growth Rate (%) |
|---|---|
| 1961 | 0.19 |
| 1962 | 4.10 |
| 1963 | 8.58 |
| 1964 | 4.95 |
| 1965 | 4.89 |
| 1966 | -4.25 |
| 1967 | -15.74 |
| 1968 | -1.25 |
| 1969 | 24.20 |
| 1970 | 25.01 |
| 1971 | 14.24 |
| 1972 | 3.36 |
| 1973 | 5.39 |
| 1974 | 11.16 |
| 1975 | -5.23 |
| 1976 | 9.04 |
| 1977 | 6.02 |
| 1978 | -5.76 |
| 1979 | 6.76 |
| 1980 | 4.21 |
| 1981 | -13.13 |
| 1982 | -6.80 |
| 1983 | -10.92 |
| 1984 | -1.12 |
| 1985 | 5.91 |
| 1986 | 0.06 |
| 1987 | 3.20 |
| 1988 | 7.33 |
| 1989 | 1.92 |
| 1990 | 11.78 |
| 1991 | 0.36 |
| 1992 | 4.63 |
| 1993 | -2.03 |
| 1994 | -1.81 |
| 1995 | -0.07 |
| 1996 | 4.20 |
| 1997 | 2.94 |
| 1998 | 2.58 |
| 1999 | 0.58 |
| 2000 | 5.02 |
| 2001 | 5.92 |
| 2002 | 15.33 |
| 2003 | 7.35 |
| 2004 | 9.25 |
| 2005 | 6.44 |
| 2006 | 6.06 |
| 2007 | 6.59 |
| 2008 | 6.76 |
| 2009 | 8.04 |
| 2010 | 8.01 |
| 2011 | 5.31 |
| 2012 | 4.23 |
| 2013 | 6.67 |
| 2014 | 6.31 |
| 2015 | 2.65 |
| 2016 | -1.62 |
| 2017 | 0.81 |
| 2018 | 1.92 |
| 2019 | 2.21 |
| 2020 | -1.79 |
| 2021 | 3.65 |