Nigeria 2018
Detailed economic analysis and indicators for 2018
Key Economic Indicators (2018)
GDP (Current USD)
$421.74 billion
↑ 12.24% vs 2017GDP per Capita
$2,057.88
↑ 9.68% vs 2017GDP Growth (Annual %)
1.92%
↑ 1.12pp vs 2017Inflation Rate (CPI %)
12.10%
↓ 4.41pp vs 2017Year-over-Year Comparison
| Indicator | 2017 | 2018 | Change |
|---|---|---|---|
| GDP (Current USD) | $375.75 billion | $421.74 billion | +12.24% |
| GDP per Capita | $1,876.34 | $2,057.88 | +9.68% |
| GDP Growth (Annual %) | 0.81% | 1.92% | +1.12pp |
| Inflation (CPI %) | 16.50% | 12.10% | -4.41pp |
| Unemployment Rate (%) | 4.83% | 5.07% | +0.24pp |
All Economic Indicators (2018)
National Accounts
- GDP (Current USD)
- $421.74 billion
- GDP per Capita
- $2,057.88
- GDP Growth (Annual %)
- 1.92%
- Gross National Income
- $410.49 billion
Prices & Employment
- Inflation (CPI %)
- 12.10%
- Inflation (GDP Deflator %)
- 10.23%
- Unemployment Rate (%)
- 5.07%
- Interest Rate (Real %)
- 6.06%
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)
- 1.73%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2018, Nigeria's Gross Domestic Product (GDP) is $421.74 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Nigeria for 2018 is $2,057.88. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Nigeria for 2018 is 12.10%. This measures the annual percentage change in the cost of consumer goods and services.
Nigeria's annual GDP growth rate for 2018 is 1.92%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Nigeria for 2018 is 5.07%. This represents the percentage of the labor force that is unemployed and actively seeking employment.