How have things changed?, annual growth rate in Nigeria

Nigeria: How have things changed?, annual growth rate was 5.2 % change on previous year in 2024. ◆ Volatile

Latest (2024)
5.2 % change on previous year
Change on year
up 256.5%
World rank
56th
of 212 countries
All-time high
57.34 % change on previous year
in 1971
All-time low
-19.76 % change on previous year
in 1993
Years of data
59
1966–2024

How have things changed?, annual growth rate in Nigeria, 1966–2024

-200204060196619952024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

Nigeria recorded 5.2 % change on previous year for how have things changed?, annual growth rate in 2024.

Compared with earlier readings it is up 256.5% on the previous year and down 28.7% over ten years.

Over the whole period, how have things changed?, annual growth rate in Nigeria peaked at 57.34 % change on previous year in 1971 and was at its lowest, -19.76 % change on previous year, in 1993.

Nigeria ranks 56th of 212 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

How have things changed?, annual growth rate in Nigeria, year by year

Annual values for How have things changed?, annual growth rate in Nigeria, 1966 to 2024.
Year % change on previous year Change
1966 13.18 % change on previous year —
1967 8.47 % change on previous year -35.8%
1968 0.5945 % change on previous year -93.0%
1969 -3.56 % change on previous year -699.3%
1970 34.57 % change on previous year -1070.3%
1971 57.34 % change on previous year +65.9%
1972 0.4476 % change on previous year -99.2%
1973 1.7 % change on previous year +280.7%
1974 2.69 % change on previous year +57.9%
1975 -0.3249 % change on previous year -112.1%
1976 1.59 % change on previous year -590.2%
1977 0.6113 % change on previous year -61.6%
1978 0.7209 % change on previous year +17.9%
1979 1.77 % change on previous year +146.1%
1980 -2.78 % change on previous year -256.5%
1981 -0.4443 % change on previous year -84.0%
1982 3.68 % change on previous year -929.1%
1983 0.9629 % change on previous year -73.9%
1984 -3.08 % change on previous year -419.6%
1985 -7.04 % change on previous year +128.8%
1986 10.69 % change on previous year -251.8%
1987 -3.96 % change on previous year -137.1%
1988 7.17 % change on previous year -280.9%
1989 7.49 % change on previous year +4.4%
1990 5.29 % change on previous year -29.4%
1991 -15.37 % change on previous year -390.8%
1992 18.94 % change on previous year -223.2%
1993 -19.76 % change on previous year -204.3%
1994 10.07 % change on previous year -151.0%
1995 30.18 % change on previous year +199.6%
1996 -2.35 % change on previous year -107.8%
1997 15.31 % change on previous year -750.5%
1998 17.29 % change on previous year +12.9%
1999 -1.27 % change on previous year -107.3%
2000 -2.15 % change on previous year +70.0%
2001 2.02 % change on previous year -194.0%
2002 7.38 % change on previous year +264.9%
2003 -1.15 % change on previous year -115.6%
2004 0.6646 % change on previous year -157.8%
2005 13.81 % change on previous year +1978.3%
2006 9.9 % change on previous year -28.3%
2007 -3.36 % change on previous year -133.9%
2008 20.97 % change on previous year -724.3%
2009 0.8637 % change on previous year -95.9%
2010 8.86 % change on previous year +925.4%
2011 4.78 % change on previous year -46.0%
2012 7.71 % change on previous year +61.2%
2013 8.39 % change on previous year +8.8%
2014 7.3 % change on previous year -13.0%
2015 -4.29 % change on previous year -158.7%
2016 1.41 % change on previous year -132.8%
2017 16.42 % change on previous year +1067.7%
2018 -3.55 % change on previous year -121.6%
2019 -4.7 % change on previous year +32.4%
2020 -6.26 % change on previous year +33.3%
2021 3.45 % change on previous year -155.1%
2022 -3.48 % change on previous year -200.9%
2023 1.46 % change on previous year -141.9%
2024 5.2 % change on previous year +256.5%

Nigeria compared with similar countries

  • Nigeria's 5.2 % change on previous year is above the median for lower middle income countries, which is 3.58 % change on previous year, 1.5× the median. (47 countries reporting)
  • Nigeria's 5.2 % change on previous year is above the median for Sub-Saharan Africa, which is 0.8505 % change on previous year, 6.1× the median. (48 countries reporting)

Biggest year-on-year movements

Years where How have things changed?, annual growth rate in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2005 +1978.3% 0.6646 % change on previous year 13.81 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1960s 4.67 % change on previous year -3.56 % change on previous year 13.18 % change on previous year 4
1970s 10.11 % change on previous year -0.3249 % change on previous year 57.34 % change on previous year 10
1980s 1.27 % change on previous year -7.04 % change on previous year 10.69 % change on previous year 10
1990s 5.83 % change on previous year -19.76 % change on previous year 30.18 % change on previous year 10
2000s 4.9 % change on previous year -3.36 % change on previous year 20.97 % change on previous year 10
2010s 4.23 % change on previous year -4.7 % change on previous year 16.42 % change on previous year 10
2020s 0.0749 % change on previous year -6.26 % change on previous year 5.2 % change on previous year 5

Countries ranked near Nigeria

  1. 53 New Caledonia 5.65 % change on previous year compare
  2. 54 India 5.44 % change on previous year compare
  3. 55 Bermuda 5.3 % change on previous year compare
  4. 57 Burkina Faso 5.08 % change on previous year compare
  5. 58 Argentina 4.94 % change on previous year compare
  6. 59 Turkmenistan 4.9 % change on previous year compare

See the full ranking of 212 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is how have things changed?, annual growth rate in Nigeria?
How have things changed?, annual growth rate in Nigeria was 5.2 % change on previous year in 2024, according to Statizoid (derived).
What is the highest how have things changed?, annual growth rate recorded in Nigeria?
The highest recorded value was 57.34 % change on previous year in 1971.
What is the lowest how have things changed?, annual growth rate recorded in Nigeria?
The lowest recorded value was -19.76 % change on previous year in 1993.
How does Nigeria rank for how have things changed?, annual growth rate?
Nigeria ranks 56th out of 212 countries with data for 2024.
Is how have things changed?, annual growth rate rising or falling in Nigeria?
Over the last ten years it is down 28.7%. The long-run trend across the full record is volatile.
Where does this Nigeria data come from?
The figures come from Statizoid (derived), published as part of How have things changed?, annual growth rate. Statizoid updates them automatically from the source API.

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How have things changed?, annual growth rate in Nigeria. Statizoid, drawing on Statizoid (derived). Retrieved 28 September 2026, from https://reference.statizoid.com/stat/how-have-things-changed-annual-growth-rate/nigeria/

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How this figure is calculated

The year-on-year percentage change in How have things changed?. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
How have things changed?, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
212 places, 11,406 data points, 1966–2024
Last refreshed

The year-on-year percentage change in How have things changed?. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.