In dollars, Nigeria's economy has more than halved since 2014
GDP at current prices, US$ billion, Nigeria and Egypt, 2014–2026. IMF WEO October 2026.
Nigeria's GDP in dollars falls from $811bn in 2014 to a projected $387bn in 2026.
Egypt ($383bn) overtook Nigeria ($252bn) in dollar terms; Nigeria had been more than twice Egypt's size in 2014.
The IMF puts Nigeria third in Africa in 2026, behind South Africa ($489bn) and Egypt ($443bn).
the numbers
| Year | Nigeria (bn) | Egypt (bn) |
|---|---|---|
| 2014 | 811 | 322 |
| 2015 | 696 | 350 |
| 2016 | 570 | 351 |
| 2017 | 529 | 247 |
| 2018 | 594 | 263 |
| 2019 | 668 | 318 |
| 2020 | 599 | 383 |
| 2021 | 610 | 423 |
| 2022 | 646 | 475 |
| 2023 | 487 | 394 |
| 2024 | 252 | 383 |
| 2025 | 291 | 365 |
| 2026 | 387 | 443 |
source notes & method
Verified against the IMF DataMapper (WEO, NGDPD) on 3 Nov 2026: all 2014–2026 values for Nigeria and Egypt, and South Africa's 2026 value, match. 2025 is an IMF estimate, 2026 a projection. Nigeria's series reflects its 2025 GDP rebasing, so 2014 is higher than older pre-rebasing estimates. Dollar GDP is driven by exchange rates: the fall reflects naira devaluations, not only real output (interpretation). Nigeria −52% derived (386.67/811.13).
Published 3 Nov 2026
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