Ilo national vs modeled data, annual growth rate in Nigeria

Nigeria: Ilo national vs modeled data, annual growth rate was 12.36 % change on previous year in 2024. ◆ Volatile

Latest (2024)
12.36 % change on previous year
Change on year
up 162.8%
World rank
21st
of 140 countries
All-time high
63.77 % change on previous year
in 2016
All-time low
-19.68 % change on previous year
in 2023
Years of data
6
2014–2024

Ilo national vs modeled data, annual growth rate in Nigeria, 2014–2024

-2002040602014201920242014: 22.9 % change on previous year2015: -5.5 % change on previous year2016: 63.8 % change on previous year2017: 18.8 % change on previous year2023: -19.7 % change on previous year2024: 12.4 % change on previous year

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

Analysis

The most recent figure for ilo national vs modeled data, annual growth rate in Nigeria is 12.36 % change on previous year, measured in 2024.

That represents a change of up 162.8% on the previous year and down 46.1% over ten years.

Over the whole period, ilo national vs modeled data, annual growth rate in Nigeria peaked at 63.77 % change on previous year in 2016 and was at its lowest, -19.68 % change on previous year, in 2023.

Nigeria ranks 21st of 140 countries on this measure, in the top quarter.

Ilo national vs modeled data, annual growth rate in Nigeria, year by year

Annual values for Ilo national vs modeled data, annual growth rate in Nigeria, 2014 to 2024.
Year % change on previous year Change
2014 22.93 % change on previous year —
2015 -5.5 % change on previous year -124.0%
2016 63.77 % change on previous year -1259.0%
2017 18.82 % change on previous year -70.5%
2023 -19.68 % change on previous year -204.5%
2024 12.36 % change on previous year -162.8%

Nigeria compared with similar countries

  • Nigeria's 12.36 % change on previous year is above the median for lower middle income countries, which is -1.27 % change on previous year. (23 countries reporting)
  • Nigeria's 12.36 % change on previous year is above the median for Sub-Saharan Africa, which is -4.84 % change on previous year. (14 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 25.01 % change on previous year -5.5 % change on previous year 63.77 % change on previous year 4
2020s -3.66 % change on previous year -19.68 % change on previous year 12.36 % change on previous year 2

Countries ranked near Nigeria

  1. 18 Algeria 14.75 % change on previous year
  2. 19 Norway 13.01 % change on previous year compare
  3. 20 Germany 12.96 % change on previous year compare
  4. 22 Romania 12.34 % change on previous year compare
  5. 23 United Kingdom 12.27 % change on previous year compare
  6. 24 Mongolia 12.24 % change on previous year compare

See the full ranking of 140 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is ilo national vs modeled data, annual growth rate in Nigeria?
Ilo national vs modeled data, annual growth rate in Nigeria was 12.36 % change on previous year in 2024, according to Statizoid (derived).
What is the highest ilo national vs modeled data, annual growth rate recorded in Nigeria?
The highest recorded value was 63.77 % change on previous year in 2016.
What is the lowest ilo national vs modeled data, annual growth rate recorded in Nigeria?
The lowest recorded value was -19.68 % change on previous year in 2023.
How does Nigeria rank for ilo national vs modeled data, annual growth rate?
Nigeria ranks 21st out of 140 countries with data for 2024.
Is ilo national vs modeled data, annual growth rate rising or falling in Nigeria?
Over the last ten years it is down 46.1%. 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 Ilo national vs modeled data, annual growth rate. Statizoid updates them automatically from the source API.

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Ilo national vs modeled data, annual growth rate in Nigeria. Statizoid, drawing on Statizoid (derived). Retrieved 14 November 2026, from https://reference.statizoid.com/stat/ilo-national-vs-modeled-data-annual-growth-rate/nigeria/

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How this figure is calculated

The year-on-year percentage change in Ilo national vs modeled data. 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
Ilo national vs modeled data, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
140 places, 4,358 data points, 1961–2025
Last refreshed

The year-on-year percentage change in Ilo national vs modeled data. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.