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Distribution of GDP in Nigeria 2020, by sector

Published by Simona Varrella, Feb 23, 2021
In 2020, Nigeria's GDP amounted to 152,32 trillion Naira, over 400 billion U.S.dollars. About 24 percent of GDP is generated by the agricultural sector. Other key activities for the country's economy are manufacturing, mining and quarrying, trade, and telecommunication. About seven percent of Nigeria's GDP is generated by the mining and quarrying sector. In particular, the largest contribution is given by crude oil and natural gas. Nigeria is one of the key oil-producing countries and largest exporters in the world. Indeed, Nigeria has one of the main oil reserves in the world.

Distribution of Gross Domestic Production (GDP) across activity sectors in Nigeria as of 2020

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Source

Release date

February 2021

Region

Nigeria

Survey time period

2020

Supplementary notes

GDP at current basic prices.

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