Nigeria's population and Gross Domestic Product growth rate since independence

Nigeria's population has increased from 45M at independence in 1960 to an estimated 206M as of 2020. Nigeria's GDP recorded its biggest year-on-year increase in 1981. Today, being her independence day, we present Nigeria's GDP and population growth rate since 1960.

Source:

World Bank

Period:

1960 - 2020
HTML code to embed chart
Want a bespoke report?
Reach out
Tags
Related Insights

Nigeria, the fourth-largest economy in Africa, experienced a constant annual growth rate (CAGR) of -16.02% in its GDP per capita over the past five years
At -16.02% CAGR, Nigeria's GDP per capita is shrinking fast, signalling deep economic strain on its population despite being a top 4 African economy.
Angola...

With an impressive GDP of $199.72 billion, Nigeria is still the lowest-performing of Africa's top 10 economies
Despite being among the top 4 economies by size, Nigeria ranks low in GDP per capita, revealing a disconnect between...

All ten countries with the lowest GDP per capita, each below $2,000, are located in Africa
All ten of the world’s lowest GDP per capita countries are in Africa, signalling deep economic inequality at the global...

Tuvalu, the smallest economy, is projected to have an annual GDP of only $80m, less than what Amazon earns in a day
With a projected GDP of $80 million, Tuvalu ranks as the smallest economy globally, producing less in a year than...

Nigerian financial institutions contributed approximately ₦6.40 out of every ₦100 generated nationally in Q1 2024, up from about ₦4.60 contributed in 2023
At 6.40%, financial institutions now contribute more than ever to Nigeria’s GDP.
From 3.60% in 2022 to 6.40% in Q1 2024,...

Tanzania's industry has more than doubled its GDP contribution over 13 years.
With an impressive 20.1% CAGR, the Industry (including construction) has experienced the fastest expansion, more than doubling its contribution to...

POPULAR TOPICS
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form

©2025
A product of Techpoint Africa. All rights reserved