The economy of Nigeria grew by 3.98% year-on-year in Q3 2025, slowing from a 4.23% expansion in the prior period, which was the strongest since Q2 2021. The non-oil sector, which contributed 96.6% to the GDP, rose by 3.91% in Q3, up from 3.64% in Q2, mainly boosted by agriculture (3.79% vs 2.82% in Q2); information and communication (5.78% vs 6.61%); real estate (3.50% vs 3.79%); financial and Insurance (19.63% vs 16.13%); trade (1.98% vs 1.29%); construction (5.57% vs 5.27%); and manufacturing (1.25% vs 1.60%). Meanwhile, the oil sector expanded by 5.84%, decelerating sharply from 20.46% in the previous period. The average daily crude oil production reached 1.64 million barrels per day in Q3, below 1.68 million bpd in Q2 but higher than 1.47 million bpd in Q3 2024. source: National Bureau of Statistics, Nigeria

The Gross Domestic Product (GDP) in Nigeria expanded 3.98 percent in the third quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Nigeria averaged 2.77 percent from 2011 until 2025, reaching an all time high of 6.88 percent in the first quarter of 2011 and a record low of -6.10 percent in the second quarter of 2020. This page provides - Nigeria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The Gross Domestic Product (GDP) in Nigeria expanded 3.98 percent in the third quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Nigeria is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria GDP Annual Growth Rate is projected to trend around 4.50 percent in 2026 and 5.30 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-09-22 02:00 PM
GDP Growth Rate YoY
Q2 4.23% 3.13% 3.5%
2025-12-01 02:20 PM
GDP Growth Rate YoY
Q3 3.98% 4.23% 4.4%
2026-02-25 12:00 PM
GDP Growth Rate YoY
Q4 3.98% 4.3%


Related Last Previous Unit Reference
Full Year GDP Growth 10.60 2.50 percent Dec 2024
GDP Growth Rate YoY 3.98 4.23 percent Sep 2025
GDP Constant Prices 58644107.00 51819724.00 NGN Million Sep 2025
GDP from Agriculture 17801833.18 13398110.99 NGN Million Sep 2025
GDP from Construction 2165990.78 1845817.64 NGN Million Sep 2025
GDP from Manufacturing 4344268.58 3998270.80 NGN Million Sep 2025
GDP from Mining 2033574.46 2163617.84 NGN Million Sep 2025
GDP from Public Administration 1461012.70 1397755.87 NGN Million Sep 2025
GDP from Services 30238337.50 28942527.57 NGN Million Sep 2025
GDP from Transport 392741.51 333106.90 NGN Million Sep 2025
GDP from Utilities 450843.38 854306.88 NGN Million Sep 2025
GDP Growth Non Oil Sector 3.91 3.64 percent Sep 2025
GDP Growth Oil Sector 5.84 20.46 percent Sep 2025
GDP Growth Rate 13.17 2.40 percent Sep 2025
Gross Fixed Capital Formation 2914571.33 2617119.11 NGN Million Dec 2024


Nigeria GDP Annual Growth Rate
Nigeria is the biggest economy in Africa. Services is the largest sector of the economy, accounting for about 50 percent of total GDP. One of the fastest growing segments in Services are Information and Communication, which together account for about 10 percent of the total output. Agriculture, which in the past was the biggest sector, now weights around 23 percent. Crude Petroleum and Natural Gas constitute only 11 percent of total GDP, while being the main exports. Industry and Construction account for the remaining 16 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
3.98 4.23 6.88 -6.10 2011 - 2025 percent Quarterly
Constant 2019 Prices

News Stream
Nigeria GDP Growth Slows in Q3 but Remains Solid
The economy of Nigeria grew by 3.98% year-on-year in Q3 2025, slowing from a 4.23% expansion in the prior period, which was the strongest since Q2 2021. The non-oil sector, which contributed 96.6% to the GDP, rose by 3.91% in Q3, up from 3.64% in Q2, mainly boosted by agriculture (3.79% vs 2.82% in Q2); information and communication (5.78% vs 6.61%); real estate (3.50% vs 3.79%); financial and Insurance (19.63% vs 16.13%); trade (1.98% vs 1.29%); construction (5.57% vs 5.27%); and manufacturing (1.25% vs 1.60%). Meanwhile, the oil sector expanded by 5.84%, decelerating sharply from 20.46% in the previous period. The average daily crude oil production reached 1.64 million barrels per day in Q3, below 1.68 million bpd in Q2 but higher than 1.47 million bpd in Q3 2024.
2025-12-01
Nigeria Economy Picks Up Pace in Q2
The economy of Nigeria expanded by 4.23% year-on-year in Q2 2025, up from 3.13% in the previous period, reflecting stronger momentum after a rebasing of the national accounts using 2019 as the base year. This represents the highest quarterly growth since Q2 2021, fueled by a 7.45% expansion in the industrial sector, largely driven by oil. Crude oil production averaged 1.68 million barrels per day—the highest since 2020—helping the oil sector surge 20.46%. At the same time, the services sector, which accounts for over half of GDP, grew by 3.94% in Q2, led by robust growth in telecommunications, information services, real estate, and financial services. Meanwhile, agricultural activity advanced by 2.82%.
2025-09-22
Nigeria GDP Grows in Q1
Nigeria’s economy expanded by 3.13% year-on-year in the first quarter of 2025, accelerating from 2.27% in the same period last year. The services sector remained the key growth engine, rising 4.33% and contributing 57.5% to GDP. Within services, telecommunications and information services posted a robust 7.40% expansion, accounting for 10.59% of overall output. The industrial sector gained further traction, rising 3.42% (vs. 2.35% in Q1 2024). However, growth in the oil sector moderated to 1.87% (vs. 4.71%). Meanwhile, the manufacturing sector recorded a modest pickup of 1.69% (vs. 0.11%), contributing 9.62% to GDP. Key drivers included food, beverage and tobacco, chemical and pharmaceutical products, and cement. Moreover, the agriculture sector edged up 0.07%, rebounding from a 1.79% contraction in Q1 2024.
2025-07-23