Nigeria’s Economy to Hit $1.85tn by 2029, IMF Predicts 

The International Monetary Fund has predicted that Nigeria’s economy will reach $1.85tn by 2029, in Purchasing Power Parity terms.

This forecast suggests a significant growth trajectory for the country’s economy over the next five years.

According to the IMF data, Nigeria’s Gross Domestic Product in PPP terms has been steadily increasing, from $1.36tn in 2023 to an estimated $1.852tn in 2029.

GDP is the most commonly used single measure of a country’s overall economic activity. PPP is a theory that relates changes in exchange rates to changes in price levels between countries, allowing for more accurate international comparisons of economic data.