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Nigeria

NGA Β· Sub-Saharan Africa / Sub-Saharan Africa (excluding high income)

Nigeria: GDP 9.1K intl$ per capita, population 232.7M, inflation 33.2%. Compare economy, demographics and cost of living with other countries.

Location

Key Facts

Region
Sub-Saharan Africa
Sub-Saharan Africa (excluding high income)
Population
232.68M
2024
View all demographics β†’

Geography and Government

Area
923,768 kmΒ²
Capital
Abuja
ISO 2
NG
ISO 3
NGA
Calling code
+234
Internet TLD
.ng
Government type
federal presidential republic

Age Structure

0-14 years 40.4%
15-64 years 56.2%
65+ years 3.4%

Languages

Language Type Share Speakers
English (ENG) Official - -

Religions

Religion Type Share Adherents
Muslim Major 53.5% -
Other Christian Minor 35.3% -
Roman Catholic Minor 10.6% -
Other Minor 0.6% -

Population & Demographics

Basic Demographics

Population, total
232.68M
2024
Population growth (annual %)
2.08%
2024
Population density (people per sq. km of land area)
250.2 per kmΒ²
2023
Urban population (% of total population)
63.0%
2024

Health Indicators

Life expectancy at birth, total (years)
54.6 years
2024
Birth rate, crude (per 1,000 people)
32.49 per 1,000
2024
Death rate, crude (per 1,000 people)
11.64 per 1,000
2024
Fertility rate, total (births per woman)
4.38 children
2024
Mortality rate, infant (per 1,000 live births)
69.8 per 1,000
2024

Education

Educational attainment, at least completed short-cycle tertiary, population 25+, total (%) (cumulative)
0.6%
2023
Literacy rate, adult total (% of people ages 15 and above)
70.4%
2024

Other Demographics

Median age of population
18.1 years
2025

Economy Snapshot

Key Economic Indicators

GDP per capita (current US$)
$1.1K
2024
Inflation, consumer prices (annual %)
33.2%
2024
Unemployment, total (% of labor force)
3.1%
2025
GNI per capita (current US$)
$1.7K
2024

Macroeconomic Indicators

GDP (current US$)
$252.26B
2024
GDP growth (annual %)
4.1%
2024
GDP per capita, PPP (current international $)
9.1K intl$
2024

Trade & External Sector

Trade (% of GDP)
26.2%
1960
Exports of goods and services (% of GDP)
9.2%
1960
Imports of goods and services (% of GDP)
16.9%
1960

Other Indicators

International tourism, number of arrivals
5.27M
2016
Corruption Perceptions Index (Transparency International)
25.0
2024
Foreign direct investment, net inflows (% of GDP)
0.4%
2024

Explore More

Rankings featuring Nigeria

Frequently Asked Questions

What is the average income in Nigeria?

According to our data, the average income in Nigeria is approximately $1,700 (GNI per capita) as of 2024. This figure represents Gross National Income per capita and provides insight into the economic prosperity and living standards in the country.

What is the inflation rate in Nigeria in 2024?

The inflation rate in Nigeria is 33.2% as of 2024. Inflation measures the rate at which the general level of prices for goods and services rises, eroding purchasing power. This data is updated regularly from reliable sources like the World Bank and IMF.

How does Nigeria compare to other countries in Sub-Saharan Africa ?

Nigeria is located in Sub-Saharan Africa and can be compared with other countries in the region across various economic and demographic indicators including inflation rates, unemployment, average income, cost of living, population statistics, and life expectancy. Explore our comprehensive inflation comparison, unemployment rankings, cost of living data, population statistics, and life expectancy data to see how Nigeria compares to neighboring and regional countries.

Nigeria is located in Sub-Saharan Africa , Sub-Saharan Africa (excluding high income). Explore detailed statistics on economy, population, demographics, inflation, unemployment, and cost of living, with up-to-date data from the World Bank, IMF, UN, and other authoritative sources.

Our comprehensive database provides real-time insights into Nigeria's economic performance and demographic trends, allowing you to compare with other countries and understand global patterns. Access current economic indicators, population statistics, historical data, and comparative analysis to gain a deeper understanding of Nigeria's economic and demographic landscape. For detailed economic data, visit our economy page, and for demographic information, explore our population statistics section.

Sources and References

Data sources: World Bank, IMF, UN Data, Transparency International.

All data is compiled from publicly available sources and updated regularly. Economic indicators may vary based on reporting methodologies and data availability periods.

Codes and Abbreviations

ISO 2
NG
ISO 3
NGA
IOC code
NGR
Vehicle code
WAN
Latitude
9.06
Longitude
7.49

Nearby Countries

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