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Nigeria GDP by year, 1960 to 2025

Nigeria's GDP peaked at $668 billion in 2019, halved in 2024 to $252 billion and was $291 billion in 2025, 49th in the world.

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What the data shows

  • Nigeria: $4B in 1960, $291B in 2025 (69× higher). It peaked at $668B in 2019.
  • Finland: $5B in 1960, $317B in 2025 (60× higher).
  • Kazakhstan: $27B in 1990, $306B in 2025 (11× higher). Its low point was $17B in 1999.
  • Algeria: $3B in 1960, $287B in 2025. Its low point was $2B in 1962.

About this chart

Nigeria's GDP peaked in 2019 at $668 billion. It held near $600 billion through 2022, then fell 25 percent in 2023 to $487 billion and a further 48 percent in 2024 to $252 billion, a drop that tracks the naira's steep decline against the dollar. A partial rebound brought 2025 to $291 billion. Nigeria ranks 49th, compared with 27th in 1980 and 46th in 2000.

In the race with the three nearest economies, Nigeria in 2025 trails Finland ($317 billion) and Kazakhstan ($306 billion) and edges ahead of Algeria ($287 billion). Nigeria had been ahead of Finland and Kazakhstan until 2024, and it passed Algeria again in 2025. These are nominal current US dollars, not adjusted for inflation or purchasing power, so a weaker currency pulls the line down even if output grows.

The data

Source: World Bank, World Development Indicators (NY.GDP.MKTP.CD), GDP in current US$, billions. Retrieved November 4, 2026.

Nigeria's GDP, GDP in current US$ billions, 1960 to 2025, 1960–2025
Date🇳🇬 Nigeria🇫🇮 Finland🇰🇿 Kazakhstan🇩🇿 Algeria
1960$4B$5B$3B
1961$5B$6B$2B
1962$5B$6B$2B
1963$5B$7B$3B
1964$6B$8B$3B
1965$6B$9B$3B
1966$6B$9B$3B
1967$5B$10B$3B
1968$5B$9B$4B
1969$7B$10B$4B
1970$13B$11B$5B
1971$9B$13B$5B
1972$12B$15B$7B
1973$15B$20B$9B
1974$25B$25B$13B
1975$28B$30B$16B
1976$36B$32B$18B
1977$36B$34B$21B
1978$37B$36B$26B
1979$47B$45B$33B
1980$64B$54B$42B
1981$165B$52B$44B
1982$143B$53B$45B
1983$97B$51B$49B
1984$74B$53B$54B
1985$74B$56B$58B
1986$55B$74B$64B
1987$53B$92B$67B
1988$50B$109B$59B
1989$44B$119B$56B
1990$54B$141B$27B$62B
1991$60B$128B$25B$46B
1992$52B$113B$25B$48B
1993$57B$89B$23B$50B
1994$80B$103B$21B$43B
1995$141B$134B$20B$42B
1996$186B$132B$21B$47B
1997$201B$127B$22B$48B
1998$218B$134B$22B$48B
1999$59B$135B$17B$49B
2000$69B$126B$18B$55B
2001$74B$130B$22B$59B
2002$95B$140B$25B$62B
2003$105B$172B$31B$74B
2004$136B$198B$43B$92B
2005$176B$205B$57B$107B
2006$239B$217B$81B$123B
2007$278B$256B$105B$143B
2008$340B$286B$133B$180B
2009$295B$254B$115B$150B
2010$367B$249B$148B$178B
2011$415B$275B$193B$218B
2012$464B$257B$208B$227B
2013$520B$270B$237B$230B
2014$574B$274B$221B$239B
2015$493B$233B$184B$188B
2016$405B$239B$137B$181B
2017$376B$254B$167B$190B
2018$422B$274B$179B$195B
2019$668B$267B$182B$194B
2020$599B$270B$171B$165B
2021$609B$294B$197B$186B
2022$647B$280B$226B$226B
2023$487B$295B$262B$248B
2024$252B$299B$292B$269B
2025$291B$317B$306B$287B

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Frequently asked questions

What is Nigeria's GDP?

Nigeria's GDP was about $291 billion in 2025, according to the World Bank, in current US dollars. That ranks 49th in the world, well below the $668 billion peak in 2019.

Why did Nigeria's GDP fall in 2024?

Nigeria's GDP fell 48 percent in 2024, from $487 billion to $252 billion. The series converts naira output into dollars, so the sharp fall in the naira's value cut the dollar total.

Which economies are closest to Nigeria's in size?

In 2025 the nearest were Finland at $317 billion, Kazakhstan at $306 billion and Algeria at $287 billion. Nigeria sat between Kazakhstan and Algeria, about $4 billion ahead of Algeria.

Where does this data come from?

World Bank, World Development Indicators (NY.GDP.MKTP.CD), GDP in current US$, billions. Retrieved November 4, 2026. You can download the full table as a CSV from this page.

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