Facts Sheet

Nigeria GDP 1960-2016

The Gross Domestic Product (GDP) in Nigeria was worth 481.07 billion US dollars in 2015. The GDP value of Nigeria represents 0.78 percent of the world economy. GDP in Nigeria averaged 87.05 USD Billion from 1960 until 2015, reaching an all-time high of 568.51 USD Billion in 2014 and a record low of 4.20 USD Billion in 1960. GDP in Nigeria is reported by the World Bank.

Agriculture – products:

cocoa, peanuts, cotton, palm oil, corn, rice, sorghum, millet, cassava (tapioca), yams, rubber; cattle, sheep, goats, pigs; timber; fish

Industries:

crude oil, coal, tin, columbite; rubber products, wood; hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel

Exports:

$97.46 billion (2012 est.)

country comparison to the world: 41

$92.47 billion (2011 est.)

Exports – commodities:

petroleum and petroleum products 95%, cocoa, rubber

Exports – partners:

US 29.1%, India 11.6%, Brazil 7.8%, Spain 7.1%, France 5%, Netherlands 4.3% (2011)

Imports:

$70.58 billion (2012 est.)

country comparison to the world: 43

$61.63 billion (2011 est.)

Imports – commodities:

machinery, chemicals, transport equipment, manufactured goods, food and live animals