Nigeria GDP Growth Rate (YoY)
Nigeria's GDP grew by 4.23% year-on-year in Q2 2025. This is an acceleration from 3.13% in Q1 2025. The growth rate is the highest since Q2 2021. Oil sector production increased to 1.68 million barrels per day, contributing 4.05% to GDP. The non-oil sector grew by 3.64%, accounting for 95.95% of GDP. Agriculture grew by 2.82%. Telecommunications, real estate and financial services also contributed to growth. The Information and Communication Technology sector grew by 6.61%, contributing 11.18% to total real GDP. Nigeria's record low GDP annual growth rate was -6.1% in Q2 2020 and record high was 5% in Q2 2021.
Quarterly Historical Data (2015-2025)
(in %)Recent Events
Nigeria GDP Growth Rate (YoY) : Definition
Nigeria's quarterly year-on-year GDP growth rate measures the percentage change in total economic output from the current quarter compared to the same quarter one year earlier. It is calculated by finding the difference between the current quarter's GDP and the GDP from the same quarter in the previous year, then dividing this difference by the previous year's GDP value and expressing it as a percentage. This growth reflects changes across major sectors including agriculture, industry and services.