Nigeria has been ranked among the top 10 contributors to global economic growth in 2026, following projections by the International Monetary Fund (IMF) that the country’s economy will grow two times faster than that of the United States (US).
Based on IMF data, the ranking was conducted by the World of Statistics, a digital platform providing data visualisation and global statistics on various topics, including economics.
Nigeria, ranking sixth, is projected to account for 1.5 percent of the world’s real gross domestic product (GDP) growth in 2026.
The data showed that China will remain the world’s largest driver of growth, contributing 26.6 percent of global GDP.
India follows swiftly with 17 percent, ranking ahead of the United States, which sits in the third spot with a projected 9.9 percent contribution.
Indonesia (3.8 percent) was ranked fourth, Turkey (2.2 percent) came fifth, and Brazil (1.5 percent) clinched the seventh position.
Vietnam (1.6 percent), Saudi Arabia (1.7 percent), and Germany (0.9 percent) were ranked eighth, ninth, and tenth, respectively.
Together, China and India are expected to account for 43.6 percent of global economic growth in 2026, while the Asia-Pacific region is forecast to deliver nearly 50 percent of the world’s growth.
NIGERIA’S ECONOMY TO EXPAND AT FASTER PACE THAN THAT OF US, SOUTH AFRICA
The development, which highlights the shifting global dynamics, also reflects reported improvements in Nigeria’s economic environment.
On January 19, the IMF upgraded Nigeria’s GDP growth forecast for 2026 to 4.4 percent, from an initial estimate of 4.2 percent.
According to the fund’s World Economic Outlook (WEO) report, India’s economy is expected to grow at the rate of 6.4 percent, China at 4.5 percent, and the United States (US) at 2.4 percent.
The IMF also said Germany’s GDP will grow by 1.1 percent, forecasting a 0.7 percent growth rate for Japan.
Within sub-Saharan Africa, South Africa’s economy is projected to expand by 1.4 percent in 2026, with a modest improvement to 1.5 percent in 2027.
TheCable’s analysis of the data indicates that Nigeria’s economy will grow faster than that of Germany, the US, and Japan.
It is also projected to expand roughly three times faster than South Africa’s economy, although this reflects growth rate rather than overall economic size.
In dollar terms, the multilateral projected that South Africa’s economy will hit $446.64 billion in 2026, while Nigeria’s will rise to $334. 34 billion.
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