GDP per capita of Nigeria sank by 23.38% from 2,202 US dollars in 2022 to 1,688 US dollars in 2023. Since the 0.24% growth in 2021, GDP per capita plummeted by 19.18% in 2023.
The description is composed by our digital data assistant.GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
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