President Muhammadu Buhari and All Progressice Congress (APC)
The International Monetary Fund (IMF), has revealed that Nigeria’s Gross Domestic Product (GDP) per capita declined to $835.49 in 2025 from $877.07 in 2024, indicating a 4.74 per cent dip. Data from the IMF website on Thursday this week showed that there has been a sustained downtrend since 2014, when the GDP per capita had stood at a high of $3,220.
Business Hilights recalls that GDP per capita is a measure of a country’s average income per person, calculated by dividing the country’s gross domestic product (GDP) by its population. It’s used as an indicator of quality of life.
How GDP is calculated
GDP per capita is calculated by dividing a country’s GDP by its population
GDP is the total value of all goods and services produced in a country over a period of time
The population is the total number of people living in the country
What it shows
GDP per capita shows how much money people make on average by working in a country
Related concepts
Real GDP per capita: A variation of GDP per capita that measures the percentage change in real GDP per person
Per capita: A general term for dividing a value by the size of a population
Gross domestic product (GDP) per capita – Statistics Canada
Quality of life indicator: Gross domestic product (GDP) per capita.
How it’s calculated
GDP per capita is calculated by dividing a country’s GDP by its population
GDP is the total value of all goods and services produced in a country over a period of time
The population is the total number of people living in the country
What it shows
GDP per capita shows how much money people make on average by working in a country
GDP per capita is gross domestic product divided by midyear population. GDP at purchaser’s prices is the sum of gross value added …
Gross Domestic Product: An Economy’s All GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country.
