Nigeria Merchandise Trade (% of GDP) (2024)
Nigeria's Merchandise Trade (% of GDP): 37.5 % of GDP in 2024, +16pp YoY. World Bank (TG.VAL.TOTL.GD.ZS), 1990–2024.
Nigeria (2024)
37.5
% of GDP
+16pp YoY
YoY Change
+16pp
percentage points
Trend
up
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 37.5 | +16pp |
| 2023 | 21.5 | +2.4pp |
| 2022 | 19.1 | +2.9pp |
| 2021 | 16.2 | +4.3pp |
| 2020 | 11.9 | -5.7pp |
| 2019 | 17.6 | -6.9pp |
| 2018 | 24.6 | +4.4pp |
| 2017 | 20.2 | +3.1pp |
| 2016 | 17 | -2.2pp |
| 2015 | 19.3 | -8.9pp |
| 2014 | 28.1 | -0.1pp |
| 2013 | 28.2 | -7.5pp |
| 2012 | 35.7 | -5.8pp |
| 2011 | 41.5 | +6.6pp |
| 2010 | 34.9 | +4.2pp |
| 2009 | 30.7 | -9.4pp |
| 2008 | 40.1 | +3.7pp |
| 2007 | 36.5 | +0.7pp |
| 2006 | 35.8 | -4.8pp |
| 2005 | 40.5 | n/a |
About this Dataset
Nigeria recorded 37.5 % of GDP in 2024. The most recent year-on-year change was +16.0pp. The historical series (1990–2024) shows a peak of 42.9 in 2000 and a trough of 8.7 in 1998.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks nigeria merchandise trade (% of gdp) in Nigeria, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 42.9 % of GDP in 2000 and reached its lowest recorded value of 8.7 in 1998. The latest reading of 37.5 in 2024 represents a year-on-year change of +16.0pp.