Africa vs Nigeria: Real effective exchange rate index
Real effective exchange rate index over time
- Africa
- Nigeria
How they compare
Nigeria currently reports 119.74 line rec, 2005 = 100 against 101.52 line rec, 2005 = 100 in Africa, a difference of 18.22 line rec, 2005 = 100.
That makes Nigeria's figure about 1.2 times Africa's.
The two have swapped places 6 times across 32 shared years of data; in 1980 it was Nigeria ahead.
Africa ranks 4th and Nigeria ranks 4th of 6 groups.
Across the 4 decades both report, Africa averaged higher in 2 and Nigeria in 2.
Head to head by decade
| Decade | Africa | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 187.63 line rec, 2005 = 100 | 338.94 line rec, 2005 = 100 | 151.31 line rec, 2005 = 100 | Nigeria |
| 1990s | 122.36 line rec, 2005 = 100 | 99.99 line rec, 2005 = 100 | 22.37 line rec, 2005 = 100 | Africa |
| 2000s | 100.28 line rec, 2005 = 100 | 97.21 line rec, 2005 = 100 | 3.07 line rec, 2005 = 100 | Africa |
| 2010s | 101.69 line rec, 2005 = 100 | 118.83 line rec, 2005 = 100 | 17.14 line rec, 2005 = 100 | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real effective exchange rate index, Africa or Nigeria?
- Nigeria, at 119.74 line rec, 2005 = 100 against 101.52 line rec, 2005 = 100 in Africa as of 2011.
- What is the difference in real effective exchange rate index between Africa and Nigeria?
- 18.22 line rec, 2005 = 100, with Nigeria ahead.
- How many years of comparable data are there for Africa and Nigeria?
- 32 years are reported by both, from 1980 to 2011.
- How do Africa and Nigeria rank globally for real effective exchange rate index?
- Africa ranks 4th and Nigeria ranks 4th of 6 groups.
- Where does this data come from?
- International Monetary Fund, International Financial Statistics, published as Real effective exchange rate index (line rec, 2005 = 100). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs. This indicator corresponds to the IFS's line rec, and is based on a nominal rate adjusted for relative changes in consumer prices.