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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 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Nigeria reached 2.097 US dollars per inhabitant, or 432.29 bn US Dollar in the whole country. Nigeria is therefore currently ranked 25 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Nigeria is in the list of the world's richest countries in place 129.

Inflation in Nigeria was in 2019 at around 11.40%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices for convenience goods are approximately 60.87% lower.
The Corruption Perceptions Index for the public sector counts 25 and is compared to other countries very bad.


Back to overview: Nigeria

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Nigeria
Total
Nigeria
per capita
EU
Total
EU
per capita
GDP432.29 bn USD2,097.09 USD15,192.65 tn USD29,499.72 USD
Gross national product412.81 bn USD2,002.55 USD16,012.29 tn USD31,091.23 USD


The largest company in Nigeria is Halyk Bank with a market capitalization of 1,169.00 bn 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 - 2020



Im- and Exports 2020

 Nigeria
Total
Nigeria
per capita
EU
Total
EU
per capita
Imports72.18 bn USD350.14 USD7,314.16 bn USD14,201.97 USD
Exports39.94 bn USD193.74 USD7,834.94 bn USD15,213.17 USD


Development of imports and exports in billion US dollars 1979 - 2020

Exports
Imports



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