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Manufacturing Sector Contribution to GDP in Nigeria (1990-2022)

Manufacturing Sector Contribution to GDP in Nigeria (1990-2022)

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Nigeria (1990-2022). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1990-2022
Country: Nigeria
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
Nigeria’s manufacturing contribution has seen a general downward trend since the 1990s, with a high of 20.9% in 1994. By the early 2000s, manufacturing's share fell as oil and service sectors dominated. Recent rises, reaching 14.6% in 2021, can be attributed to local manufacturing incentives and import substitution policies. Persistent inflation and infrastructural deficits, however, continue to limit sectoral growth.

Find out more through related statistics on Nigeria’s annual GDP growth rate, Nigeria’s net lending/borrowing (% of GDP), Nigeria’s industry sector GDP contribution.

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