Nigeria 2017
Detailed economic analysis and indicators for 2017
Key Economic Indicators (2017)
GDP (Current USD)
$375.75 billion
↓ 7.14% vs 2016GDP per Capita
$1,876.34
↓ 9.37% vs 2016GDP Growth (Annual %)
0.81%
↑ 2.42pp vs 2016Inflation Rate (CPI %)
16.50%
↑ 0.81pp vs 2016Year-over-Year Comparison
| Indicator | 2016 | 2017 | Change |
|---|---|---|---|
| GDP (Current USD) | $404.65 billion | $375.75 billion | -7.14% |
| GDP per Capita | $2,070.41 | $1,876.34 | -9.37% |
| GDP Growth (Annual %) | -1.62% | 0.81% | +2.42pp |
| Inflation (CPI %) | 15.70% | 16.50% | +0.81pp |
| Unemployment Rate (%) | 4.50% | 4.83% | +0.33pp |
All Economic Indicators (2017)
National Accounts
- GDP (Current USD)
- $375.75 billion
- GDP per Capita
- $1,876.34
- GDP Growth (Annual %)
- 0.81%
- Gross National Income
- $367.40 billion
Prices & Employment
- Inflation (CPI %)
- 16.50%
- Inflation (GDP Deflator %)
- 11.12%
- Unemployment Rate (%)
- 4.83%
- Interest Rate (Real %)
- 5.79%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 3.61%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2017, Nigeria's Gross Domestic Product (GDP) is $375.75 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Nigeria for 2017 is $1,876.34. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Nigeria for 2017 is 16.50%. This measures the annual percentage change in the cost of consumer goods and services.
Nigeria's annual GDP growth rate for 2017 is 0.81%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Nigeria for 2017 is 4.83%. This represents the percentage of the labor force that is unemployed and actively seeking employment.