Value Added (Agriculture) — Value Standard Local Currency in Nigeria
Nigeria: Value Added (Agriculture) — Value Standard Local Currency was 50.51 million million SLC in 2023. ▲ Rising
Value Added (Agriculture) — Value Standard Local Currency in Nigeria, 2010–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for value added (agriculture) — value standard local currency in Nigeria is 50.51 million million SLC, measured in 2023. That is the highest value across all 14 years on record.
That represents a change of up 11.5% on the previous year and up 210.6% over ten years.
Over the whole period, value added (agriculture) — value standard local currency in Nigeria peaked at 50.51 million million SLC in 2023 and was at its lowest, 12.66 million million SLC, in 2010.
That places Nigeria 4th out of 85 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 14 years of available data.
Value Added (Agriculture) — Value Standard Local Currency in Nigeria, year by year
| Year | million SLC | Change |
|---|---|---|
| 2010 | 12.66 million million SLC | — |
| 2011 | 13.60 million million SLC | +7.4% |
| 2012 | 15.32 million million SLC | +12.7% |
| 2013 | 16.26 million million SLC | +6.1% |
| 2014 | 17.39 million million SLC | +6.9% |
| 2015 | 18.94 million million SLC | +8.9% |
| 2016 | 20.76 million million SLC | +9.6% |
| 2017 | 23.07 million million SLC | +11.1% |
| 2018 | 26.26 million million SLC | +13.8% |
| 2019 | 30.41 million million SLC | +15.8% |
| 2020 | 35.30 million million SLC | +16.1% |
| 2021 | 38.60 million million SLC | +9.3% |
| 2022 | 45.30 million million SLC | +17.4% |
| 2023 | 50.51 million million SLC | +11.5% |
Nigeria compared with similar countries
- Nigeria's 50.51 million million SLC is above the median for lower middle income countries, which is 2.53 million million SLC, 19.9× the median. (14 countries reporting)
- Nigeria's 50.51 million million SLC is above the median for Sub-Saharan Africa, which is 313,868 million SLC, 160.9× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 19.47 million million SLC | 12.66 million million SLC | 30.41 million million SLC | 10 |
| 2020s | 42.43 million million SLC | 35.30 million million SLC | 50.51 million million SLC | 4 |
Countries ranked near Nigeria
- 1 Iran (Islamic Republic of) 4.71 billion million SLC compare
- 2 Uzbekistan 237.23 million million SLC compare
- 3 Colombia 122.76 million million SLC compare
- 5 United Republic of Tanzania 40.91 million million SLC compare
- 6 Uganda 34.39 million million SLC compare
- 7 India 31.95 million million SLC compare
More agriculture & rural data for Nigeria
- Agriculture, forestry, and fishing, value added (current US$), annual 2.38 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.2298 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 281.32 current US$ per person (2025)
- Rural population, annual growth rate -0.1218 % change on previous year (2025)
- Rural population, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Rural population, per capita 0.3622 units per person (2025)
- Share of GDP from agriculture 23.0% (2025)
- Agriculture as a share of GDP vs. GDP per capita 23.0% (2025)
- Agricultural raw materials exports 0.4% (2024)
- Agricultural raw materials imports 0.6% (2024)
Frequently asked questions
- What is value added (agriculture) — value standard local currency in Nigeria?
- Value added (agriculture) — value standard local currency in Nigeria was 50.51 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (agriculture) — value standard local currency recorded in Nigeria?
- The highest recorded value was 50.51 million million SLC in 2023.
- What is the lowest value added (agriculture) — value standard local currency recorded in Nigeria?
- The lowest recorded value was 12.66 million million SLC in 2010.
- How does Nigeria rank for value added (agriculture) — value standard local currency?
- Nigeria ranks 4th out of 85 countries with data for 2023.
- Is value added (agriculture) — value standard local currency rising or falling in Nigeria?
- Over the last ten years it is up 210.6%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Agriculture) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).