Nigeria: economy and key statistics
Nigeria is number 50 in the 311 Nations Index, with a GDP of $290.8 billion in 2025. GDP per person is $1,224. The economy grew by 4.0% in 2025. Unemployment is 3.1%. The economy is 58% services, 23% agriculture, 16% industry. In 311 Institute directories: 33 R&D labs, 6 startups, 4 investors.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Nigeria is number 69 in the 311 National Power Index, scoring 37.6 out of 100: economic 50, technology 23, military 26 and human capital 63.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $290.8 billion | 2025 |
| GDP (purchasing power) | $2.26 trillion | 2025 |
| GDP per person | $1,224 | 2025 |
| Economic growth | +4.0% | 2025 |
| Inflation | 23.0% | 2025 |
| Unemployment | 3.1% | 2025 |
| Population | 237.5 million | 2025 |
| Labour force | 116.6 million | 2025 |
| Services share of GDP | 58% | 2025 |
| Industry share of GDP | 16% | 2025 |
| Manufacturing share of GDP | 8% | 2025 |
| Agriculture share of GDP | 23% | 2025 |
| Foreign direct investment | 1.4% of GDP | 2025 |
| High-tech share of manufactured exports | 3% | 2024 |
| Internet users | 41% of people | 2024 |
R&D labs
Startups in Nigeria
Investors in Nigeria
Main export industries
Nigeria exported goods worth about $52.4bn in 2024. Its biggest export industries:
- Mineral fuels, mineral oils and products of their distillation: $46.4bn (88.6% of goods exports)
- Cocoa and cocoa preparations: $1.9bn (3.7% of goods exports)
- Fertilizers: $0.9bn (1.6% of goods exports)
- Oil seeds and oleaginous fruits: $0.7bn (1.3% of goods exports)
- Ships, boats and floating structures: $0.6bn (1.2% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in Africa
- South Africa (#40)
- Kenya (#62)
- Ethiopia (#67)
- Angola (#69)
- Ghana (#70)
- Côte d'Ivoire (#77)
- DR Congo (#81)
- Tanzania (#83)
- Uganda (#89)
- Sudan (#91)
- Cameroon (#92)
- Zimbabwe (#96)
- Senegal (#108)
- Mali (#114)
- Zambia (#116)
Questions and answers
How big is the economy of Nigeria?
Nigeria had a GDP of $290.8 billion in 2025, ranking number 50 in the 311 Nations Index.
What is GDP per person in Nigeria?
GDP per person in Nigeria was $1,224 in 2025.
How fast is the economy of Nigeria growing?
The economy of Nigeria grew by 4.0% in 2025.
Source: World Bank, World Development Indicators (CC BY 4.0).
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