Snapshot for World Bank Nigeria GDP in Current USD (WGDPNGIA)

Rate Profile Information for WGDPNGIA

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. World Bank national accounts data, and OECD National Accounts data files. Data is updated with a 1-2 year lag due to the large amount of data processed by the World Bank. Yearly data is therefore available around September of the current year for the previous year.