Nigeria

Country in Africa

In brief

Inflation: +23% (2025). World rank 10 of 180; in Africa, 6 of 50. Price level, USA = 100: 13 (2025). World rank 197 of 198; in Africa, 52 of 53. Women in work or seeking work: 80.7% (2025). World rank 3 of 186; in Africa, 2 of 53. From 2015 to 2025: GDP $493B → $290.8B, GDP per person $2,586 → $1,224, and GDP per person at purchasing power parity $7,308 → $9,532. Better than all its neighbours (Benin, Cameroon, Chad, and Niger): GDP per person at purchasing power parity.

Size and growth

GDP: $290.8B 2025
GDP per person: $1,224 2025
GDP per person at purchasing power parity: $9,532 2025
GDP growth per year: +4% 2025

Income and prices

Income level (World Bank): Lower-middle income
Gross national income per person: $1,360 2025
Inflation: +23% 2025
Price level, USA = 100: 13 2025

Structure and jobs

Agriculture, share of GDP: 23% 2025
Industry, share of GDP: 16.4% 2025
Services, share of GDP: 58.2% 2025
Unemployment: 3.1% 2025
Youth unemployment, ages 15–24: 5.3% 2025
Women in work or seeking work: 80.7% 2025

Trade and finance

Exports, share of GDP: 9.2% 1960
Imports, share of GDP: 16.9% 1960
Current account balance, share of GDP: +4.8% 2025
Foreign direct investment, share of GDP: +1.4% 2025
Remittances received, share of GDP: 7.8% 2025
Tax revenue, share of GDP: No data
Currency: Nigerian Naira (NGN)

Poverty and inequality

Gini index (0 = full equality): 33.9 2022
Living on under $3 a day: 41.8% 2022