24Peaks / Africa / Nigeria / GDP

Nigeria - GDP 290.79B

World Bank WDI · updated 2026-10-15 · 214 economies tracked

Latest value

290.79B (2025)

Global rank

##49 of 214 economies

Share of global total

0.2%

Growth since 1960

69.3×

Ranking Race — GDP

1 = global #1 · higher value ranks higher

#1#10#19#28#37#4619601970198019902000201020202025#33#492019 overtook Sweden2025 overtook Kazakhstan
NigeriaUnited StatesChinaGermanyJapan

Real annual global ranks, 1960 - 2025. Nigeria climbed from #33 to #49 (overtook Sweden). Gaps in a lane = missing data that year.

Key events for Nigeria ↓

Key Events — Nigeria

Auto-detected from rank data + curated milestones

1970
Oil boom begins curated

Crude revenues transform the economy after civil war.

1999
Fell 25 places in global rank auto
2016
Oil price recession curated

First recession in 25 years as crude prices collapse.

2019
Overtook Sweden in global rank auto
2020
COVID-19 oil shock curated

Dual pandemic and oil shock push GDP down.

2023
Fuel subsidy removal curated

Petrol subsidy cut and currency reforms spark inflation.

2024
Fell 22 places in global rank auto
2025
Overtook Kazakhstan in global rank auto

GDP, 1960-2025

World Bank WDI · Current US$ · linear scale · ranking in the race above
1960197519902005202020254.20B225.54B446.88B668.22B
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