Nominal GDP
$290.79B
current US$ · 2025
World Bank
🇳🇬
Economy Snapshot
Nigeria Economy and Trade
AbujaLocal time
GDP $290.79B · real growth 4.0% · latest verified annual data
The macro snapshot for Nigeria pairs $290.79B in nominal GDP (2025) with a real-growth reading of 4.0% (2025). GDP per capita is $1,224 for 2025, and CPI inflation is 23.0% for 2025. Each measure keeps its own reference period below, avoiding a false same-year comparison between series released on different schedules.
GDP per capita
$1,224
current US$ · 2025
Source listed below
Real GDP growth
4.0%
annual % · 2025
Source listed below
Inflation
23.0%
CPI annual % · 2025
Source listed below
Nigeria at a Glance
Each measure keeps its actual reference year and definition.
Output trend
Nominal GDP · annual observations · current US$ · World Bank
2015: $493.03B2016: $404.65B2017: $375.75B2018: $421.74B2019: $668.22B2020: $598.59B2021: $609.15B2022: $646.95B2023: $487.39B2024: $252.26B2025: $290.79B
GDP per capita$1,224
Real growth4.0%
GDP year2025
2025 Inflation
23.0%
CPI annual %
2025 Unemployment
3.1%
labor-market measure
2025 GDP per capita
$1,224
current US$
Macro signals and Merchandise trade
Available measures are shown with their reported reference periods.
Macro signals
World Bank annual observations
Real growth20254.0%
Unemployment20253.1%
Inflation202523.0%
Merchandise trade
WTO profile · 2024 · USD
Exports$52.36B
Imports$40.97B
Balance+$11.39B
Largest highlighted export destination
European Union40.6%
Understand the numbers
What Nigeria's economic profile is telling you
Nigeria's current World Bank annual series reports 4.0 percent real growth in 2025, while consumer-price inflation remained high at 23.0 percent. Matched 2024 WTO merchandise data show a goods surplus dominated by crude petroleum and other energy exports.
Reading the macro data
Nominal GDP measures current-dollar size. Real growth, inflation and unemployment describe different economic conditions and can have different reference years.
Reading the trade data
Merchandise trade covers goods. A balance appears only when exports and imports have a verified matching year and currency basis.
Detailed Economic Data
| Indicator | Nigeria | Reference period | Status |
|---|---|---|---|
| GDPcurrent US$ | $290.79B | 2025 | Actual |
| GDP per capitacurrent US$ | $1,224 | 2025 | Actual |
| Real GDP growthannual % | 4.0% | 2025 | Actual |
| InflationCPI annual % | 23.0% | 2025 | Actual |
| Unemploymentmodeled ILO estimate | 3.1% | 2025 | Estimate |
| Merchandise exportscurrent USD | $52.36B | 2024 | Actual |
| Merchandise importscurrent USD | $40.97B | 2024 | Actual |
Frequently Asked Questions
What is Nigeria's latest GDP?
The verified GDP observation used here is $290.79B for 2025.
What does merchandise trade show for Nigeria?
Merchandise exports were $52.36B and imports were $40.97B in 2024, giving a same-year goods balance of +$11.39B.
Sources & methodology
Sources for the economic indicators and definitions shown above.
View sources used for this page
Core macroeconomic indicators with explicit reference years.
Official data: GDP · GDP per capita · Real growth · Inflation · Unemployment
Matched-year merchandise exports and imports from the WTO economy profile.
Official data: WTO country profile