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Nigeria's GDP at present


Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations

Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 22nd- largest in terms of purchasing power parity. It is the largest economy in Africa; its re- emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of goods and services for the West African subcontinent.

The Gross Domestic Product (GDP) in Nigeria was worth 375.77 billion US dollars in 2017. The GDP value of Nigeria represents 0.61 percent of the world economy. GDP in Nigeria averaged 97.52 USD Billion from 1960 until 2017, reaching an all time high of 568.50 USD Billion in 2014 and a record low of 4.20 USD Billion in 1960.  

The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Nigeria GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria GDP - actual data, historical chart and calendar of releases - was last updated on January of 2019. 
Actual        Previous      highest      Lowest         Dates            Unit           Frequency
375.77         404.70       568.50         4.20       1960- 2017   USD BIllion     Yearly         Current USD


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