Nigeria
#50 economy by nominal GDP · Sub-Saharan Africa · Lower middle income
GDP
$290.79B
Nigeria accounts for 0.25% of the tracked GDP on Open Market Rank. Its GDP is 1.01× Algeria’s.
World Bank ·2025 data ·Snapshot Oct 11, 2026
Source: World Bank · 2021–2025
Nigeria GDP moved from $609B to $291B.
Source: World Bank · 2016–2025
Nigeria GDP moved from $405B to $291B.
Source: World Bank · 2001–2025
Nigeria GDP moved from $73.6B to $291B.
Source: World Bank · 2001–2025
Nigeria GDP moved from $73.6B to $291B.
Key indicators
GDP per person
$1,224
2025
Real GDP growth
+4.01%
2025
Population
237.5M
2025
National wealth
$4.4T
Latest available estimate
Inflation
23.01%
2025
Unemployment
3.06%
2025
Life expectancy
54.6 years
2025
Foreign reserves
$46.0B
2025
Money supply (M2)
$83.5B
2025
How it compares
Nearby in the economies ranking — open any of them side by side.
Indicators over time
Population
PeopleSource: World Bank · 2001–2025
Nigeria population changed from 129,862,595 in 2001 to 237,527,782 in 2025.
Inflation
Annual %Source: World Bank · 2001–2025
Nigeria inflation changed from 18.87% in 2001 to 23.01% in 2025.
About Nigeria
Nigeria is ranked #50 among the economies tracked by Open Market Rank based on nominal GDP. Its latest available GDP is $291B, representing 0.25% of tracked global GDP. Real GDP changed by 4.01% in 2025.
GDP measures economic output during a year. It is different from national wealth, which estimates the value of accumulated assets.
Data & sources
Source: World Bank. The reporting date of a data point is different from the time Open Market Rank refreshed this page. Economic indicators are published on their own schedules, while market prices and exchange rates may update much more frequently.
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