GDP (current LCU)

Definition

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Type of figure

Official statistic. Published by a national authority, such as the statistics office or the central bank, and compiled by the source shown.

Updated

Yearly

Compiled from

Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)

Source

World Bank, World Development Indicators (NY.GDP.MKTP.CN)

Licence

CC-BY-4.0

Version

Dataset wb-wdi-nigeria, version 3, published 2 November 2026

Cite this

World Bank, World Development Indicators, indicator NY.GDP.MKTP.CN. Retrieved via DataNigeria (dataset wb-wdi-nigeria, version 3, published 2 November 2026). Licence: CC-BY-4.0.

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