Following Nigeria’s 2025 GDP rebasing, where it adopted 2019 as the new base year, nominal GDP has climbed by more than 80%, rising from ₦205.1 trillion in 2019 to ₦372.8 trillion in 2024. In contrast, real GDP has barely shifted, inching up by just 6% over the same period. The divergence has grown particularly stark in recent years, with nominal gains accelerating while real output remains largely stagnant. The data underscores how much of Nigeria’s economic growth has been driven by price inflation rather than expanded production, leaving real economic progress subdued despite headline increases.
Burundi recorded its highest GDP per capita in 2015 ($280.97).
By 2024, GDP per capita dropped to $153.93, a decline of nearly 45% from its peak.
Burundi’s population exceeds 13 million (2024), which dilutes income per person even when overall GDP grows.
Structural challenges like limited industrialization, reliance on subsistence farming, and political instability contribute to stagnation.
Since 2015, Burundi has held the lowest GDP per capita in Africa—and at $153.9 in 2024, it is the poorest country in the world by GDP per capita.
