Population: 174 million in 20131
GDP: $522 billion in 20132
GDP per capita: $3,006 nominal3 ($5,601 PPP4) in 2013
GDP growth rate: 6.1% in 20145
GDP by Industry 20126
| Industry sector | Value added ($ billions) 2012 | Percent of total |
| Mining and utilities | 100 | 41.2% |
| Agriculture, hunting, forestry, fishing | 75 | 31.0% |
| Wholesale, retail trade, restaurants and hotels | 36 | 14.7% |
| Other activities | 19 | 7.7% |
| Transport, storage and communication | 6 | 2.3% |
| Manufacturing | 4 | 1.9% |
| Construction | 3 | 1.2% |
| Total value added | 242 | 100% |
Unemployment rate: 7.5% in 20137
Employment by Industry 19998
| Employment sector | Percent of total |
| Agriculture | 70% |
| Services | 20% |
| Industry | 10% |
| Total | 100% |
Top 10 Corporations by Revenue 20139
N/A
Household Wealth: $274 billion (52% of GDP) in 201410
Household Wealth per Adult: $3,359 in 201410
Gini Coefficient: .430 in 201011
Central Government
Central Government Revenue: $24 billion (5% of GDP) in 201312
Central Government Expenditure: $32 billion (6% of GDP) in 201312
Central Government Budget Balance: -$8 billion (-1% of GDP) in 201312
Central Government Public Debt: $59 billion (11% of GDP) on Sept 30, 2014* 13
Central Government 10 Year Bond Interest Rate: 14.1% on Fed 21, 201414
* Public debt calculated using the exchange rate 183.2 NGN = 1 USD
Government Funds
N/A
Tax Structure
Individual Income Tax Rates and Thresholds in 2012* 15
Corporate Tax Rate: 30% in 201416
* Individual thresholds calculated using the exchange rate 183.2 NGN = 1 USD
Money Supply (M0): $8.4 billion (2% of GDP) on Oct 31, 2014* 17
Benchmark Interest Rate: Monetary Policy Rate = 13.0% on Jan 14, 201518
Total Reserves: $47 billion (9% of GDP) in 201219
Exchange Rate: 183.2 Nigerian Niara = 1 U.S. Dollar on Jan 14, 201520
Inflation: 8.5% in 201321
* Money supply calculated using the exchange rate 183.2 NGN = 1 USD
Top 10 Financial Institutions by Assets 201322
N/A (data not available at Relbanks.com)
Exports: $94 billion (18% of GDP) in 201323
Imports: $56 billion (11% of GDP) in 201323
Trade Balance: +$38 billion (+7% of GDP) in 201323
Foreign Direct Investment Inflow: $5.6 billion (1% of GDP) in 201324
Foreign Direct Investment Outflow: N/A
Foreign Aid Inflow: $1.9 billion (0.4% of GDP) in 201325
Foreign Aid Outflow: N/A
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: IMF World Economic Outlook (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: World Bank Indicators (Government budget) Go back
13. Source: Nigeria Debt Management Office (Public debt) Go back
14. Source: Reuters (Government bond yield) Go back
15. Source: KPMG (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Central Bank of Nigeria (Money supply) Go back
18. Source: Central Bank of Nigeria, MPR (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: OECD FDI in Figures (FDI data) Go back
25. Source: OECD Aid Statisitcs (Aid outflow) Go back