Nigeria flag

Nigeria

Federal Republic of Nigeria

Capital

Abuja

Region

Africa

Population

223,800,000

Area (km²)

923,768

💡Quick Summary

Nigeria, Africa's most populous nation with over 223 million people, spans 923,768 km² in West Africa and boasts Abuja as its modern capital, having shifted from Lagos in 1991. Renowned for its vast ethnic diversity, including over 250 groups, the country is a major oil producer and cultural powerhouse, home to Nollywood, the world's second-largest film industry. Despite economic challenges, its vibrant markets and youthful population drive potential for growth in sectors like tech and agriculture.

Key Insights

High GDP, Low Per Capita Wealth

Despite having the largest GDP in Africa (nearly $487 billion), Nigeria's massive population dilutes this wealth significantly, resulting in a very low GDP per capita of just $2,138.76. This stark contrast highlights the challenge of translating national economic growth into improved individual living standards.

The Demographic Time Bomb: High Fertility and Low Life Expectancy

Nigeria faces extreme demographic pressure characterized by a high fertility rate (4.48 children per woman) coupled with one of the lowest global life expectancies (54.46 years). This combination suggests a rapidly growing, young population that is highly vulnerable to health and mortality challenges, straining social services.

Severe Health Crisis Indicated by Infant Mortality

The infant mortality rate of 60.100 per 1,000 live births is extremely high, indicating significant deficiencies in maternal healthcare, sanitation, and access to basic medical services. This figure is a critical indicator of poor overall public health outcomes compared to global averages.

High Inflation Threatens Economic Stability

Nigeria is struggling with extremely high inflation at 24.660%, which severely erodes purchasing power and economic stability. This high rate contrasts sharply with the modest GDP growth of 3.327%, suggesting that real economic gains are being wiped out by rising prices.

Economic Indicators
Latest economic data from World Bank

GDP (Current US$)

$487.39B

Year: 2023

GDP Per Capita

$2,138.76

GDP Growth (%)

3.33%

Inflation (%)

24.66%

Unemployment (%)

3.07%

Debt to GDP (%)

N/A%

Source: World Bank • Last updated: 12/24/2025

Historical Trends & Data Visualizations

GDP Growth Rate
Annual percentage change in GDP over time
2014201520162017201820192020202120222023-8.00%-4.00%0.00%4.00%8.00%
  • GDP Growth (%)
Population Growth
Total population over time
2014201520162017201820192020202120222023060,000,000120,000,000180,000,000240,000,000
  • Population
Life Expectancy
Average life expectancy at birth (years)
20142015201620172018201920202021202220230.0years15.0years30.0years45.0years60.0years
  • Life Expectancy (years)
Renewable Energy Consumption
Percentage of total energy from renewable sources
201420152016201720182019202020210.0%25.0%50.0%75.0%100.0%
  • Renewable Energy (%)
GDP Per Capita
Economic output per person (current US$)
2014201520162017201820192020202120222023$0$800$1,600$2,400$3,200
  • GDP Per Capita ($)

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