Global Macro Expert
Beta Siller Advisory

Macro

Nigeria

Sub-Saharan Africa · Lower middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 15.2%
Current prices2025
290USD bn
GDP per capita▲ 12.8%
Current prices2025
1,223USD
Real GDP growth▼ 0.1 pp
Annual change2025
4.0%
Inflation▼ 10.2 pp
Average consumer prices2025
23.0%
Unemployment▲ 5.1 pp
Rate2018
22.6%
Government debt▼ 3.9 pp
General government, gross2025
35.5% of GDP
Current account▼ 1.7 pp
Balance2025
5.1% of GDP
Population▲ 2.1%
Total2025
237.58million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-6.40.014.61995: 1.9%1996: 4.1%1997: 2.9%1998: 2.5%1999: 0.5%2000: 5.5%2001: 6.7%2002: 14.6%2003: 9.5%2004: 10.4%2005: 7.0%2006: 6.7%2007: 7.3%2008: 7.2%2009: 8.4%2010: 11.3%2011: 4.9%2012: 4.3%2013: 5.4%2014: 6.3%2015: 2.7%2016: -1.6%2017: 0.8%2018: 1.9%2019: 2.2%2020: -6.4%2021: 1.1%2022: 4.3%2023: 3.3%2024: 4.1%2025: 4.0%2026: 4.1% (IMF projection)2027: 4.3% (IMF projection)2028: 4.1% (IMF projection)2029: 4.2% (IMF projection)2030: 4.2% (IMF projection)2031: 4.2% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
0.033.21996: 29.3%1997: 10.7%1998: 7.9%1999: 6.6%2000: 6.9%2001: 18.9%2002: 12.9%2003: 14.0%2004: 15.0%2005: 17.9%2006: 8.2%2007: 5.4%2008: 11.6%2009: 12.5%2010: 13.7%2011: 10.8%2012: 12.2%2013: 8.5%2014: 8.0%2015: 9.0%2016: 15.7%2017: 16.5%2018: 12.1%2019: 11.4%2020: 13.2%2021: 17.0%2022: 18.8%2023: 24.7%2024: 33.2%2025: 23.0%2026: 16.0% (IMF projection)2027: 15.9% (IMF projection)2028: 12.8% (IMF projection)2029: 10.0% (IMF projection)2030: 10.0% (IMF projection)2031: 10.0% (IMF projection)IMF projection2000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %1.14.33.34.14.04.14.34.14.24.2
Inflation, average consumer prices %17.018.824.733.223.016.015.912.810.010.0
Unemployment rate %––––––––––
GDP, current prices USD bn609646487252290377388406435465
GDP per capita, current prices USD2,7892,8932,1391,0841,2231,5561,5651,6041,6841,763
GDP per capita, PPP Int. USD7,5888,3048,7129,1009,5339,99410,43510,81711,23911,679
General government gross debt % of GDP26.629.836.339.335.532.333.132.531.730.9
General government net lending/borrowing % of GDP-4.0-4.0-3.1-1.3-1.8-4.4-2.9-2.3-2.2-2.1
Current account balance % of GDP-0.50.21.36.85.15.83.12.73.03.0
Population million218.53223.15227.88232.68237.58242.58247.68252.90258.22263.65

Government debt, % of GDP

General government gross debt
0.040.92000: 41%2001: 38%2002: 31%2003: 30%2004: 25%2005: 13%2006: 7%2007: 6%2008: 5%2009: 6%2010: 7%2011: 12%2012: 12%2013: 13%2014: 16%2015: 15%2016: 17%2017: 18%2018: 20%2019: 21%2020: 26%2021: 27%2022: 30%2023: 36%2024: 39%2025: 35%2026: 32% (IMF projection)2027: 33% (IMF projection)2028: 32% (IMF projection)2029: 32% (IMF projection)2030: 31% (IMF projection)2031: 30% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-2.70.015.32000: 7.8%2001: 2.4%2002: 0.8%2003: 2.3%2004: 9.2%2005: 15.3%2006: 11.6%2007: 7.4%2008: 6.2%2009: 3.3%2010: 2.5%2011: 1.8%2012: 2.6%2013: 2.6%2014: 0.1%2015: -2.2%2016: 0.9%2017: 2.6%2018: 1.2%2019: -2.0%2020: -2.7%2021: -0.5%2022: 0.2%2023: 1.3%2024: 6.8%2025: 5.1%2026: 5.8% (IMF projection)2027: 3.1% (IMF projection)2028: 2.7% (IMF projection)2029: 3.0% (IMF projection)2030: 3.0% (IMF projection)2031: 3.3% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
199525.536.520.037.0
200526.128.210.144.7
201520.620.29.458.1
202523.016.48.358.2

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method1,360USD2025-50.7%
GNI, Atlas method324USD bn2025-38.4%
Life expectancy at birth54.6years2024+5.2%
Urban population63.8% of total2025+8.0 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)