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Nigeria real GDPNigeria real GDPNigeria real GDP

Nigeria real GDP

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Key data points


Last release
—
Observation period
Q3 2025
Next release
—
Forecast
—
Highest
‪58.64 T‬ NGN on Sep 30, 2025
Lowest
‪12.58 T‬ NGN on Mar 31, 2010

About Nigeria real GDP


Category
GDP
Source
National Bureau of Statistics
Frequency
Quarterly
Units
NGN

Nigeria in figures — see more economic indicators tied to NGGDPCP.
Full Year GDP Growth
NGFYGDPG
GDP
NGGDP
GDP From Agriculture
NGGDPA
GDP From Construction
NGGDPC
Real GDP
NGGDPCP
GDP From Manufacturing
NGGDPMAN
GDP From Mining
NGGDPMIN
GDP From Public Administration
NGGDPPA
GDP Per Capita
NGGDPPC
GDP Per Capita PPP
NGGDPPCP
GDP Growth Rate
NGGDPQQ
GDP From Services
NGGDPS
GDP From Transport
NGGDPT
GDP From Utilities
NGGDPU
GDP Growth
NGGDPYY
Gross Fixed Capital Formation
NGGFCF

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Nigeria real GDP was 58.64 T NGN, and the quarter before it reached 51.82 T NGN.