Nigeria 2021
Detailed economic analysis and indicators for 2021
Key Economic Indicators (2021)
GDP (Current USD)
$440.83 billion
↑ 2.00% vs 2020GDP per Capita
$2,017.27
↓ 0.12% vs 2020GDP Growth (Annual %)
3.65%
↑ 5.44pp vs 2020Inflation Rate (CPI %)
16.95%
↑ 3.71pp vs 2020Year-over-Year Comparison
| Indicator | 2020 | 2021 | Change |
|---|---|---|---|
| GDP (Current USD) | $432.20 billion | $440.83 billion | +2.00% |
| GDP per Capita | $2,019.66 | $2,017.27 | -0.12% |
| GDP Growth (Annual %) | -1.79% | 3.65% | +5.44pp |
| Inflation (CPI %) | 13.25% | 16.95% | +3.71pp |
| Unemployment Rate (%) | 5.74% | 5.45% | -0.29pp |
All Economic Indicators (2021)
National Accounts
- GDP (Current USD)
- $440.83 billion
- GDP per Capita
- $2,017.27
- GDP Growth (Annual %)
- 3.65%
- Gross National Income
- $432.25 billion
Prices & Employment
- Inflation (CPI %)
- 16.95%
- Inflation (GDP Deflator %)
- 10.13%
- Unemployment Rate (%)
- 5.45%
- Interest Rate (Real %)
- 1.23%
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)
- -0.74%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2021, Nigeria's Gross Domestic Product (GDP) is $440.83 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Nigeria for 2021 is $2,017.27. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Nigeria for 2021 is 16.95%. This measures the annual percentage change in the cost of consumer goods and services.
Nigeria's annual GDP growth rate for 2021 is 3.65%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Nigeria for 2021 is 5.45%. This represents the percentage of the labor force that is unemployed and actively seeking employment.