WATCH THE VIDEO HERE The International Monetary Fund has revealed that Nigeria’s Gross Domestic Product per capita declined to $835.49 in 2025 from $877.07 in 2024, indicating a 4.74 per cent dip. According to data from the IMF website on Thursday, there has been a sustained downtrend since 2014, when the GDP per capita had stood at a high of $3,220. Gross Domestic Product is the most commonly used measure of a country’s overall economic activity. It represents the total value at current prices of final goods and services produced within a country during a specified time divided by the average population for the same year. GDP per capita measures the average standard of living of a country’s citizens. The IMF, however, projects a rise in 2026 and 2027, with the GDP per capita expected to cross the $1,000 mark in 2028 at $1,040.
Nigeria’s GDP per capita shrinks to $835 — IMF
