Home Nigeria Economy & Growth GDP Deflator

Nigeria GDP Deflator

Inflation as measured by annual growth rate of GDP implicit deflator  NY.GDP.DEFL.KD.ZG

12.53% −1.56pp (-11.1%)
Year 2025 Rank #30 Global Peak 219.00% (1981) Source World Bank

Nigeria GDP Deflator (1961–2025)

Overview

Nigeria's gdp deflator stood at 12.53% in 2025, a decline of +1.56pp from 2024. Based on recent trends, this figure is projected to reach 12.53% by 2025. Nigeria ranked 30th globally.

Data & projection

Year GDP Deflator YoY change Rank
2027* trend 13.30% - -
2026* trend 12.91% - -
2025* trend 12.53% - -
2025 12.53% −1.56pp #30
2024 14.09% +3.27pp #177
2023 10.82% +2.78pp #169
2022 8.05% −4.59pp #116
2021 12.64% +1.38pp #169
2020 11.25% −44.19pp #193
2019 55.44% +45.22pp #207
2018 10.23% −0.89pp #186
2017 11.12% +1.58pp #185
2016 9.54% +6.68pp #190
2015 2.86% −1.80pp #121
2014 4.66% −0.30pp #153
2013 4.96% −4.98pp #158
2012 9.95% +0.17pp #184
2011 9.78% −6.56pp #151
Show all years (1961-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +20.5% GDP growth 4.1% C/A balance 6.8%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Nigeria matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp deflator improve within 24 months. View full analysis →

Frequently Asked Questions

What is Nigeria's gdp deflator?

Nigeria's gdp deflator was 12.53% in 2025. Ranked 30th globally. This represents a 11.1% decrease from the previous year.

What was the highest gdp deflator in Nigeria?

Nigeria's gdp deflator peaked at 219.00% in 1981.

What was the lowest gdp deflator in Nigeria?

The lowest gdp deflator in Nigeria was -3.09% in 1963.

How does Nigeria rank in gdp deflator?

Nigeria ranks 30th globally in gdp deflator as of 2025.

What is the World Bank indicator code for gdp deflator?

The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.

What is the projected gdp deflator of Nigeria in 2025?

Nigeria's gdp deflator is projected to reach 12.53% by 2025 based on trend extrapolation.

What is the gdp deflator of Nigeria in 2025?

The gdp deflator of Nigeria in 2025 was 12.53%. This ranks 30th in the world.

Cite this page

APA
Nigeria GDP Deflator. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/nigeria/gdp-deflator
BibTeX
@misc{historysaid_nigeria_gdp-deflator, title = {Nigeria GDP Deflator}, url = {https://historysaid.com/nigeria/gdp-deflator}, publisher = {HistorySaid}, year = {2026} }