Nigeria
- Capital
- Abuja
- Region
- Sub-Saharan Africa
- Income group
- Lower middle income
- Population
- 238 million (2025)
At a glance
- Prices in Nigeria rose 23.0% in 2025, faster than in most countries.
- Nigeria's economy grew 4.0% in 2025, faster than most economies.
- Output per person in Nigeria was US$1,224 in 2025, lower than in most countries.
- 3.1% of Nigeria's labour force had no job in 2025, a lower share than in most countries.
- Nigeria had 238 million people in 2025: about 2.9% of everyone on Earth, the 6th largest population of 217 countries and territories.
- Nigeria had a current account surplus of 4.8% of GDP in 2025, higher than in most countries.
Inflation
2025Consumer prices, change over the year (yearly average)
Since 2000
Show the numbers
| Year | Nigeria | World median |
|---|---|---|
| 2025 | 23.0% | 3.0% |
| 2024 | 33.2% | 3.0% |
| 2023 | 24.7% | 5.7% |
| 2022 | 18.9% | 8.0% |
| 2021 | 17.0% | 3.5% |
| 2020 | 13.3% | 1.9% |
| 2019 | 11.4% | 2.2% |
| 2018 | 12.1% | 2.5% |
| 2017 | 16.5% | 2.3% |
| 2016 | 15.7% | 1.6% |
Economic growth
2025Real GDP, change over the year
Since 2000
Show the numbers
| Year | Nigeria | World median |
|---|---|---|
| 2025 | 4.0% | 3.4% |
| 2024 | 4.1% | 3.4% |
| 2023 | 3.3% | 3.2% |
| 2022 | 4.3% | 4.3% |
| 2021 | 1.1% | 5.1% |
| 2020 | −6.4% | −3.8% |
| 2019 | 2.2% | 2.8% |
| 2018 | 1.9% | 3.2% |
| 2017 | 0.8% | 3.3% |
| 2016 | −1.6% | 3.1% |
GDP per person
2025GDP divided by population, in US dollars at current prices
Since 2000
Show the numbers
| Year | Nigeria | World median |
|---|---|---|
| 2025 | US$1,224 | US$7,882 |
| 2024 | US$1,084 | US$7,853 |
| 2023 | US$2,139 | US$7,862 |
| 2022 | US$2,899 | US$7,656 |
| 2021 | US$2,787 | US$7,269 |
| 2020 | US$2,797 | US$6,433 |
| 2019 | US$3,190 | US$7,037 |
| 2018 | US$2,058 | US$6,978 |
| 2017 | US$1,876 | US$6,548 |
| 2016 | US$2,070 | US$5,982 |
Unemployment
2025Share of the labour force without a job (ILO modelled estimate)
Since 2000
Show the numbers
| Year | Nigeria | World median |
|---|---|---|
| 2025 | 3.1% | 5.1% |
| 2024 | 3.1% | 5.1% |
| 2023 | 3.1% | 5.2% |
| 2022 | 3.8% | 5.3% |
| 2021 | 5.4% | 6.0% |
| 2020 | 5.7% | 6.4% |
| 2019 | 5.2% | 5.4% |
| 2018 | 5.1% | 5.4% |
| 2017 | 4.8% | 5.6% |
| 2016 | 4.5% | 5.9% |
Population
2025Everyone living in the country, mid-year
Since 2000
Show the numbers
| Year | Nigeria |
|---|---|
| 2025 | 238 million |
| 2024 | 233 million |
| 2023 | 228 million |
| 2022 | 223 million |
| 2021 | 219 million |
| 2020 | 214 million |
| 2019 | 209 million |
| 2018 | 205 million |
| 2017 | 200 million |
| 2016 | 195 million |
Current account balance, % of GDP
Since 2000
Show the numbers
| Year | Nigeria | World median |
|---|---|---|
| 2025 | 4.8% | −0.8% |
| 2024 | 7.5% | −1.3% |
| 2023 | 1.3% | −1.2% |
| 2022 | 0.2% | −3.0% |
| 2021 | −0.5% | −2.4% |
| 2020 | −2.7% | −1.7% |
| 2019 | −2.1% | −2.1% |
| 2018 | 1.7% | −2.9% |
| 2017 | 3.6% | −2.1% |
| 2016 | 1.3% | −2.8% |
No recent World Bank figure for Nigeria: government debt.
About these figures
All numbers are yearly. The world median is the middle value of all countries with a figure for the same year: half of them are above it and half below. Sparklines show Nigeria since 2000 or since its first figure.
Source: World Bank, World Development Indicators (CC BY 4.0), updated 2026-10-08. Original sources: Inflation: International Monetary Fund, International Financial Statistics; Economic growth: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; GDP per person: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; Unemployment: International Labour Organization, ILO modelled estimates (ILOSTAT); Population: United Nations Population Division (World Population Prospects) and national statistical offices; Current account balance: International Monetary Fund, Balance of Payments Statistics, with World Bank and OECD data. Yearly figures; recent years are often revised. All sources and terms.