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NG

Nigeria

NG · NGA · #31 · 19 cities

Nomad score 45/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$14,371
GDP (2031)
$496.3B
GDP growth (2031)
4.2% →
Inflation (2031)
10.0% →
Unemployment (2025)
3.1% ↑
Population (2031)
269.2M
Population growth (2031)
2.1% →
Gini index (2022)
33.9
Government debt (2031)
30.1% of GDP
Current account (2031)
3.3% of GDP
FDI inflows (2025)
$4.0B
Life expectancy (2024)
54.6 yrs
Health spending (2023)
4.2% of GDP
Internet users (2024)
41.2%
Mobile subscriptions (2024)
70.8/100
Exchange rate (2025)
1,518.38/USD
Foreign reserves (2025)
$46.0B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
30.1% of GDP
Current account (2031)
3.3% of GDP
FDI inflows (2025)
$4.0B

Income inequality (Gini)

Gini index (2022)
0.34
Assessment
Moderate inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2022)
1.12/1k
Services sector (2025)
58.2% of GDP

Financial access and costs

ATMs per 100k (2024)
12.8
Bank branches per 100k (2024)
3.3
ICT service exports (2025)
2.1%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $496.3B $14,371 4.2% 10.0% - 269.2M - 30.1% 3.3% - - - - -
2030 * $464.8B $14,110 4.2% 10.0% - 263.7M - 30.9% 3.0% - - - - -
2029 * $434.8B $13,264 4.2% 10.0% - 258.2M - 31.7% 3.0% - - - - -
2028 * $405.6B $12,465 4.1% 12.7% - 252.9M - 32.5% 2.7% - - - - -
2027 * $387.6B $12,165 4.3% 15.9% - 247.7M - 33.1% 3.1% - - - - -
2026 * $377.4B $11,559 4.1% 16.0% - 242.6M - 32.3% 5.8% - - - - -
2025 $290.5B $9,532 4.0% 23.0% 3.1% 237.6M - 35.5% 5.1% $4.0B - - - 1,518.38
2024 $252.1B $9,100 4.1% 33.2% 3.1% 232.7M - 39.3% 6.8% $1.6B 54.6 - 41.2% 1,478.97
2023 $487.3B $8,712 3.3% 24.7% 3.1% 227.9M - 36.3% 1.3% $1.9B 54.5 4.2% 40.1% 645.19
2022 $645.7B $8,304 4.3% 18.8% 3.8% 223.2M 33.9 29.8% 0.2% -$186.8M 54.1 4.2% 39.2% 425.98
2021 $609.5B $7,588 1.1% 17.0% 5.4% 218.5M - 26.6% -0.5% $3.3B 53.5 4.1% 35.5% 401.15
2020 $598.7B $7,415 -6.4% 13.2% 5.7% 214.0M - 25.7% -2.7% $2.4B 53.1 3.4% 31.9% 358.81
2019 $668.2B $7,551 2.2% 11.4% 5.2% 209.5M - 21.4% -2.0% $2.3B 53.0 3.0% 29.7% 306.92
2018 $593.9B $7,158 1.9% 12.1% 22.6% 204.9M 35.1 20.4% 1.2% $775.2M 52.7 3.1% 27.7% 306.08
2017 $529.1B $7,037 0.8% 16.5% 17.5% 200.3M - 18.0% 2.6% $2.4B 52.4 3.8% 25.9% 305.79
2016 $570.4B $7,073 -1.6% 15.7% 13.4% 195.4M - 17.4% 0.9% $3.5B 52.2 3.7% 24.1% 253.49
2015 $696.1B $7,308 2.7% 9.0% 9.0% 190.7M 35.9 14.9% -2.2% $3.1B 51.9 3.6% 22.5% 192.44
2014 $811.1B $7,396 6.3% 8.0% 7.8% 185.9M - 15.8% 0.1% $4.7B 51.9 3.4% 21.0% 158.55
2013 $734.9B $7,004 5.4% 8.5% 10.0% 181.0M - 13.0% 2.6% $5.6B 51.8 3.4% 19.1% 157.31
2012 $657.9B $6,671 4.3% 12.2% 10.6% 176.2M 35.5 12.5% 2.6% $7.1B 51.7 3.4% 16.1% 157.50
2011 $591.4B $6,585 4.9% 10.8% 6.0% 171.4M - 12.4% 1.8% $8.8B 51.5 3.3% 13.8% 153.86
2010 $526.8B $6,301 11.3% 13.7% 5.1% 166.6M 35.7 6.7% 2.5% $6.0B 51.3 3.3% 11.5% 150.30
2009 $425.9B $5,927 8.4% 12.5% 3.8% 161.9M - 6.1% 3.3% $8.6B 51.1 3.6% 9.3% 148.88
2008 $472.3B $5,607 7.2% 11.6% 3.8% 157.3M - 5.2% 6.2% $8.2B 50.8 3.7% 8.0% 118.57
2007 $375.1B $5,298 7.3% 5.4% 3.8% 152.8M - 5.8% 7.4% $6.0B 50.4 3.9% 6.8% 125.81
2006 $313.7B $4,975 6.7% 8.2% 3.8% 148.5M - 6.7% 11.6% $4.9B 49.9 4.3% 5.6% 128.65
2005 $238.9B $4,678 7.0% 17.9% 3.7% 144.3M - 13.4% 15.3% $5.0B 49.5 4.5% 3.6% 131.27
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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