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Nigeria economy
Nigeria’s economy grew 4.0% in 2025, faster than the world as a whole (2.9%). Consumer prices rose 23.0% in 2025, and 3.1% of the labour force was out of work.
| Indicator | Latest | Year |
|---|---|---|
| Real GDP growth | 4.0% | 2025 |
| Inflation (consumer prices) | 23.0% | 2025 |
| Unemployment | 3.1% | 2025 |
| GDP (US dollars) | $291 bn | 2025 |
| GDP per person (US dollars) | $1,224 | 2025 |
| GDP per person (PPP, international dollars) | $9,087 | 2024 |
| Current account balance, % of GDP | 4.8% | 2025 |
| Extreme poverty, % of people below $3.00 a day | 41.8% | 2022 |
| Population | 238 m | 2025 |
Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.