Nigeria vs Sub-Saharan Africa: Real effective exchange rate index
Real effective exchange rate index over time
- Nigeria
- Sub-Saharan Africa
How they compare
Nigeria currently reports 119.74 line rec, 2005 = 100 against 103.9 line rec, 2005 = 100 in Sub-Saharan Africa, a difference of 15.84 line rec, 2005 = 100.
That makes Nigeria's figure about 1.2 times Sub-Saharan Africa's.
The two have swapped places 6 times across 32 shared years of data; in 1980 it was Nigeria ahead.
Nigeria ranks 4th and Sub-Saharan Africa ranks 2nd of 20 countries.
Across the 4 decades both report, Nigeria averaged higher in 2 and Sub-Saharan Africa in 2.
Head to head by decade
| Decade | Nigeria | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 338.94 line rec, 2005 = 100 | 192.73 line rec, 2005 = 100 | 146.2 line rec, 2005 = 100 | Nigeria |
| 1990s | 99.99 line rec, 2005 = 100 | 123.91 line rec, 2005 = 100 | 23.92 line rec, 2005 = 100 | Sub-Saharan Africa |
| 2000s | 97.21 line rec, 2005 = 100 | 99.44 line rec, 2005 = 100 | 2.23 line rec, 2005 = 100 | Sub-Saharan Africa |
| 2010s | 118.83 line rec, 2005 = 100 | 105.01 line rec, 2005 = 100 | 13.82 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, Nigeria or Sub-Saharan Africa?
- Nigeria, at 119.74 line rec, 2005 = 100 against 103.9 line rec, 2005 = 100 in Sub-Saharan Africa as of 2011.
- What is the difference in real effective exchange rate index between Nigeria and Sub-Saharan Africa?
- 15.84 line rec, 2005 = 100, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Sub-Saharan Africa?
- 32 years are reported by both, from 1980 to 2011.
- How do Nigeria and Sub-Saharan Africa rank globally for real effective exchange rate index?
- Nigeria ranks 4th and Sub-Saharan Africa ranks 2nd of 20 countries.
- 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.