Indicators of economy in Nigeria

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2019 was at about 11.160 US Dollar per capita. The GDP in Nigeria reached 2.230 US Dollar per capita. The gross national product has been at 2.030 US Dollar per capita.

Inflation in Nigeria was in 2019 at around 11.40%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices for convenience goods are approximately 52.40% lower.
The Corruption Perceptions Index for the public sector counts 26 and is compared to other countries very bad.


Back to overview: Nigeria

Unemployment rates in percent 1991 - 2019

Unemployment rates Nigeria

Economic performance 2019

 Nigeria
Total
Nigeria
per capita
EU
Total
EU
per capita
GDP448.12 bn USD2,229.86 USD15,592.80 tn USD30,315.74 USD
Gross national product407.93 bn USD2,029.86 USD15,985.73 tn USD31,079.69 USD


The largest company in Nigeria is Halyk Bank with a market capitalization of 1,169.00 billion Dollar. It is the only company in the country to be included in the "Forbes Global 2000" list in 2020. This independent list annually publishes the 2000 largest companies worldwide, with Zenith Bank Bank ranking 1842nd last year.

Development of the Gross domestic product in billion US Dollar 1979 - 2019


GDP Nigeria
Development of inflation
Corruption in Nigeria
Cost of living in a global comparison

Im- and Exports 2019

 Nigeria
Total
Nigeria
per capita
EU
Total
EU
per capita
Exports67.91 bn USD337.91 USD8,590.51 bn USD16,701.80 USD
Imports71.64 bn USD356.47 USD8,032.20 bn USD15,616.32 USD


Development of imports and exports in billion US dollars 1979 - 2018


Exports
Imports