GDP Growth Rate
Year -
3.43%
In 2024, Nigeria experienced a significant an increase in its GDP growth rate, which rise to 3.43% from 2.86% in 2023. Additionally, the GDP per capita growth rate in Nigeria increase to 1.29% in 2024, compared to 0.72% in 2023.
In 2024, Nigeria experienced a increase in economic performance, with the GDP growth rate rising by 0.57%. Additionally, the GDP per capita growth rate increase by 0.57%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 0.19% | 0.19% | -1.85% | -1.85% |
| 1962 | 4.1% | 3.91% | 1.94% | 3.79% |
| 1963 | 8.58% | 4.48% | 6.3% | 4.36% |
| 1964 | 4.95% | -3.63% | 2.73% | -3.57% |
| 1965 | 4.88% | -0.07% | 2.63% | -0.10% |
| 1966 | -4.25% | -9.13% | -6.31% | -8.94% |
| 1967 | -15.74% | -11.49% | -17.52% | -11.21% |
| 1968 | -1.25% | 14.49% | -3.35% | 14.17% |
| 1969 | 24.2% | 25.45% | 21.47% | 24.82% |
| 1970 | 25.01% | 0.81% | 22.18% | 0.71% |
| 1971 | 14.24% | -10.77% | 11.6% | -10.58% |
| 1972 | 3.36% | -10.88% | 0.92% | -10.68% |
| 1973 | 5.39% | 2.03% | 2.8% | 1.88% |
| 1974 | 11.16% | 5.77% | 8.28% | 5.48% |
| 1975 | -5.23% | -16.39% | -7.82% | -16.10% |
| 1976 | 9.04% | 14.27% | 5.96% | 13.78% |
| 1977 | 6.02% | -3.02% | 2.91% | -3.05% |
| 1978 | -5.76% | -11.78% | -8.61% | -11.52% |
| 1979 | 6.76% | 12.52% | 3.52% | 12.13% |
| 1980 | 4.2% | -2.56% | 1% | -2.52% |
| 1981 | -13.13% | -17.33% | -15.76% | -16.76% |
| 1982 | -6.8% | 6.33% | -9.55% | 6.21% |
| 1983 | -10.92% | -4.12% | -13.2% | -3.65% |
| 1984 | -1.12% | 9.80% | -3.62% | 9.58% |
| 1985 | 5.91% | 7.03% | 2.95% | 6.57% |
| 1986 | 0.06% | -5.85% | -2.62% | -5.57% |
| 1987 | 3.2% | 3.14% | 0.49% | 3.11% |
| 1988 | 7.33% | 4.13% | 4.5% | 4.01% |
| 1989 | 1.92% | -5.41% | -0.79% | -5.29% |
| 1990 | 11.78% | 9.86% | 8.8% | 9.59% |
| 1991 | 0.36% | -11.42% | -2.26% | -11.06% |
| 1992 | 4.63% | 4.27% | 1.92% | 4.18% |
| 1993 | -2.04% | -6.67% | -4.6% | -6.52% |
| 1994 | -1.81% | 0.23% | -4.37% | 0.23% |
| 1995 | -0.07% | 1.74% | -2.67% | 1.70% |
| 1996 | 4.2% | 4.27% | 1.51% | 4.18% |
| 1997 | 2.94% | -1.26% | 0.29% | -1.22% |
| 1998 | 2.58% | -0.36% | -0.06% | -0.35% |
| 1999 | 0.58% | -2.00% | -2.03% | -1.97% |
| 2000 | 5.02% | 4.44% | 2.24% | 4.27% |
| 2001 | 5.92% | 0.90% | 3.08% | 0.84% |
| 2002 | 15.33% | 9.41% | 12.21% | 9.13% |
| 2003 | 7.35% | -7.98% | 4.43% | -7.78% |
| 2004 | 9.25% | 1.90% | 6.27% | 1.84% |
| 2005 | 6.44% | -2.81% | 3.53% | -2.74% |
| 2006 | 6.06% | -0.38% | 3.17% | -0.36% |
| 2007 | 6.59% | 0.53% | 3.68% | 0.51% |
| 2008 | 6.76% | 0.17% | 3.83% | 0.15% |
| 2009 | 8.04% | 1.28% | 5.07% | 1.24% |
| 2010 | 8.01% | -0.03% | 5.03% | -0.04% |
| 2011 | 5.31% | -2.70% | 2.4% | -2.63% |
| 2012 | 4.23% | -1.08% | 1.38% | -1.02% |
| 2013 | 6.67% | 2.44% | 3.81% | 2.43% |
| 2014 | 6.31% | -0.36% | 3.54% | -0.27% |
| 2015 | 2.65% | -3.66% | 0.08% | -3.46% |
| 2016 | -1.62% | -4.27% | -4.02% | -4.10% |
| 2017 | 0.81% | 2.43% | -1.62% | 2.40% |
| 2018 | 1.92% | 1.11% | -0.41% | 1.21% |
| 2019 | 2.21% | 0.29% | -0.01% | 0.40% |
| 2020 | -1.79% | -4.00% | -3.86% | -3.85% |
| 2021 | 3.65% | 5.44% | 1.5% | 5.36% |
| 2022 | 3.25% | -0.40% | 1.11% | -0.39% |
| 2023 | 2.86% | -0.39% | 0.72% | -0.39% |
| 2024 | 3.43% | 0.57% | 1.29% | 0.57% |