Nigeria - Gross value added at factor cost
Gross value added at factor cost (current US$)
The latest value for Gross value added at factor cost (current US$) in Nigeria was $426,890,000,000 as of 2020. Over the past 39 years, the value for this indicator has fluctuated between $540,045,000,000 in 2014 and $27,479,010,000 in 1993.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1981 | $162,845,000,000 |
| 1982 | $141,352,000,000 |
| 1983 | $96,136,810,000 |
| 1984 | $72,755,880,000 |
| 1985 | $73,017,760,000 |
| 1986 | $54,265,330,000 |
| 1987 | $52,155,360,000 |
| 1988 | $49,158,700,000 |
| 1989 | $43,568,950,000 |
| 1990 | $53,503,000,000 |
| 1991 | $48,634,800,000 |
| 1992 | $47,324,800,000 |
| 1993 | $27,479,010,000 |
| 1994 | $33,498,090,000 |
| 1995 | $43,624,670,000 |
| 1996 | $50,566,520,000 |
| 1997 | $53,912,940,000 |
| 1998 | $54,053,470,000 |
| 1999 | $58,767,410,000 |
| 2000 | $68,739,470,000 |
| 2001 | $73,270,890,000 |
| 2002 | $94,408,930,000 |
| 2003 | $103,837,000,000 |
| 2004 | $134,989,000,000 |
| 2005 | $174,329,000,000 |
| 2006 | $233,685,000,000 |
| 2007 | $272,786,000,000 |
| 2008 | $335,977,000,000 |
| 2009 | $291,961,000,000 |
| 2010 | $361,457,000,000 |
| 2011 | $404,004,000,000 |
| 2012 | $451,488,000,000 |
| 2013 | $502,932,000,000 |
| 2014 | $540,045,000,000 |
| 2015 | $481,521,000,000 |
| 2016 | $400,366,000,000 |
| 2017 | $371,863,000,000 |
| 2018 | $393,036,000,000 |
| 2019 | $443,725,000,000 |
| 2020 | $426,890,000,000 |
Gross value added at factor cost (current LCU)
The value for Gross value added at factor cost (current LCU) in Nigeria was 152,324,000,000,000 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 152,324,000,000,000 in 2020 and a minimum value of 137,929,000,000 in 1981.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1981 | 137,929,000,000 |
| 1982 | 147,572,000,000 |
| 1983 | 157,184,000,000 |
| 1984 | 164,210,000,000 |
| 1985 | 185,976,000,000 |
| 1986 | 196,169,000,000 |
| 1987 | 242,262,000,000 |
| 1988 | 312,502,000,000 |
| 1989 | 410,768,000,000 |
| 1990 | 489,766,000,000 |
| 1991 | 584,250,000,000 |
| 1992 | 897,117,000,000 |
| 1993 | 1,244,800,000,000 |
| 1994 | 1,751,280,000,000 |
| 1995 | 3,069,430,000,000 |
| 1996 | 4,045,320,000,000 |
| 1997 | 4,374,500,000,000 |
| 1998 | 4,756,710,000,000 |
| 1999 | 5,426,470,000,000 |
| 2000 | 6,990,620,000,000 |
| 2001 | 8,150,020,000,000 |
| 2002 | 11,383,700,000,000 |
| 2003 | 13,418,000,000,000 |
| 2004 | 17,938,400,000,000 |
| 2005 | 22,884,900,000,000 |
| 2006 | 30,064,000,000,000 |
| 2007 | 34,318,700,000,000 |
| 2008 | 39,542,400,000,000 |
| 2009 | 43,012,500,000,000 |
| 2010 | 54,612,300,000,000 |
| 2011 | 62,980,400,000,000 |
| 2012 | 71,713,900,000,000 |
| 2013 | 80,092,600,000,000 |
| 2014 | 89,043,600,000,000 |
| 2015 | 94,145,000,000,000 |
| 2016 | 101,489,000,000,000 |
| 2017 | 113,712,000,000,000 |
| 2018 | 127,737,000,000,000 |
| 2019 | 144,210,000,000,000 |
| 2020 | 152,324,000,000,000 |
Gross value added at factor cost (constant 2010 US$)
The latest value for Gross value added at factor cost (constant 2010 US$) in Nigeria was 488,430,000,000 as of 2020. Over the past 39 years, the value for this indicator has fluctuated between 498,012,000,000 in 2019 and 111,955,000,000 in 1984.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1981 | 136,381,000,000 |
| 1982 | 127,100,000,000 |
| 1983 | 113,215,000,000 |
| 1984 | 111,955,000,000 |
| 1985 | 118,577,000,000 |
| 1986 | 118,649,000,000 |
| 1987 | 122,446,000,000 |
| 1988 | 131,427,000,000 |
| 1989 | 133,950,000,000 |
| 1990 | 149,727,000,000 |
| 1991 | 150,263,000,000 |
| 1992 | 157,222,000,000 |
| 1993 | 154,020,000,000 |
| 1994 | 151,221,000,000 |
| 1995 | 151,107,000,000 |
| 1996 | 157,444,000,000 |
| 1997 | 162,064,000,000 |
| 1998 | 166,240,000,000 |
| 1999 | 167,201,000,000 |
| 2000 | 175,586,000,000 |
| 2001 | 185,974,000,000 |
| 2002 | 214,483,000,000 |
| 2003 | 230,246,000,000 |
| 2004 | 251,544,000,000 |
| 2005 | 267,736,000,000 |
| 2006 | 283,955,000,000 |
| 2007 | 302,666,000,000 |
| 2008 | 323,135,000,000 |
| 2009 | 349,103,000,000 |
| 2010 | 380,983,000,000 |
| 2011 | 401,205,000,000 |
| 2012 | 418,080,000,000 |
| 2013 | 441,023,000,000 |
| 2014 | 468,468,000,000 |
| 2015 | 481,521,000,000 |
| 2016 | 473,898,000,000 |
| 2017 | 477,803,000,000 |
| 2018 | 486,935,000,000 |
| 2019 | 498,012,000,000 |
| 2020 | 488,430,000,000 |
Gross value added at factor cost (constant LCU)
The value for Gross value added at factor cost (constant LCU) in Nigeria was 70,014,400,000,000 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 71,387,800,000,000 in 2019 and a minimum value of 16,048,300,000,000 in 1984.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1981 | 19,549,600,000,000 |
| 1982 | 18,219,300,000,000 |
| 1983 | 16,228,800,000,000 |
| 1984 | 16,048,300,000,000 |
| 1985 | 16,997,500,000,000 |
| 1986 | 17,007,800,000,000 |
| 1987 | 17,552,100,000,000 |
| 1988 | 18,839,600,000,000 |
| 1989 | 19,201,200,000,000 |
| 1990 | 21,462,700,000,000 |
| 1991 | 21,539,600,000,000 |
| 1992 | 22,537,100,000,000 |
| 1993 | 22,078,100,000,000 |
| 1994 | 21,676,900,000,000 |
| 1995 | 21,660,500,000,000 |
| 1996 | 22,568,900,000,000 |
| 1997 | 23,231,100,000,000 |
| 1998 | 23,829,800,000,000 |
| 1999 | 23,967,600,000,000 |
| 2000 | 25,169,500,000,000 |
| 2001 | 26,658,600,000,000 |
| 2002 | 30,745,200,000,000 |
| 2003 | 33,004,800,000,000 |
| 2004 | 36,057,700,000,000 |
| 2005 | 38,378,800,000,000 |
| 2006 | 40,703,700,000,000 |
| 2007 | 43,385,900,000,000 |
| 2008 | 46,320,000,000,000 |
| 2009 | 50,042,400,000,000 |
| 2010 | 54,612,300,000,000 |
| 2011 | 57,511,000,000,000 |
| 2012 | 59,929,900,000,000 |
| 2013 | 63,218,700,000,000 |
| 2014 | 67,152,800,000,000 |
| 2015 | 69,023,900,000,000 |
| 2016 | 67,931,200,000,000 |
| 2017 | 68,491,000,000,000 |
| 2018 | 69,799,900,000,000 |
| 2019 | 71,387,800,000,000 |
| 2020 | 70,014,400,000,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
