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 2018 was at about 11.072 US Dollar per capita. The GDP in Nigeria reached 2.028 US Dollar per capita. The gross national product has been at 1.960 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 2018

 Nigeria
Total
Nigeria
per capita
EU
Total
EU
per capita
GDP397.27 bn USD2,028.18 USD15,912.78 tn USD31,004.16 USD
Gross national product384.80 bn USD1,964.54 USD15,400.52 tn USD30,006.07 USD


Development of the Gross domestic product in billion US Dollar 1979 - 2018

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

Im- and Exports 2018

 Nigeria
Total
Nigeria
per capita
EU
Total
EU
per capita
Exports67.91 bn USD346.69 USD8,712.92 bn USD16,976.10 USD
Imports71.64 bn USD365.73 USD8,121.06 bn USD15,822.93 USD


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


Exports
Imports