DEC alternative conversion factor in Nigeria
Nigeria: DEC alternative conversion factor was 1,518 LCU per US$ in 2025. ◆ Volatile
DEC alternative conversion factor in Nigeria, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$.
Analysis
The most recent figure for dec alternative conversion factor in Nigeria is 1,518 LCU per US$, measured in 2025. That is the highest value across all 66 years on record.
The figure is up 2.7% on the previous year and up 686.5% over ten years.
Over the whole period, dec alternative conversion factor in Nigeria peaked at 1,518 LCU per US$ in 2025 and was at its lowest, 0.7143 LCU per US$, in 1960.
That places Nigeria 24th out of 215 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
DEC alternative conversion factor in Nigeria, year by year
| Year | LCU per US$ | Change |
|---|---|---|
| 1960 | 0.7143 LCU per US$ | — |
| 1961 | 0.7143 LCU per US$ | +0.0% |
| 1962 | 0.7143 LCU per US$ | +0.0% |
| 1963 | 0.7143 LCU per US$ | +0.0% |
| 1964 | 0.7143 LCU per US$ | +0.0% |
| 1965 | 0.7143 LCU per US$ | +0.0% |
| 1966 | 0.7143 LCU per US$ | +0.0% |
| 1967 | 0.7143 LCU per US$ | +0.0% |
| 1968 | 0.7143 LCU per US$ | +0.0% |
| 1969 | 0.7143 LCU per US$ | +0.0% |
| 1970 | 0.7143 LCU per US$ | +0.0% |
| 1971 | 1.13 LCU per US$ | +58.2% |
| 1972 | 0.899 LCU per US$ | -20.4% |
| 1973 | 0.808 LCU per US$ | -10.1% |
| 1974 | 0.789 LCU per US$ | -2.4% |
| 1975 | 0.826 LCU per US$ | +4.7% |
| 1976 | 0.788 LCU per US$ | -4.6% |
| 1977 | 0.932 LCU per US$ | +18.3% |
| 1978 | 0.987 LCU per US$ | +5.9% |
| 1979 | 0.908 LCU per US$ | -8.0% |
| 1980 | 0.783 LCU per US$ | -13.8% |
| 1981 | 0.847 LCU per US$ | +8.2% |
| 1982 | 1.04 LCU per US$ | +23.3% |
| 1983 | 1.64 LCU per US$ | +56.6% |
| 1984 | 2.26 LCU per US$ | +38.0% |
| 1985 | 2.55 LCU per US$ | +12.8% |
| 1986 | 3.62 LCU per US$ | +41.9% |
| 1987 | 4.64 LCU per US$ | +28.5% |
| 1988 | 6.36 LCU per US$ | +36.9% |
| 1989 | 9.43 LCU per US$ | +48.3% |
| 1990 | 9.15 LCU per US$ | -2.9% |
| 1991 | 9.91 LCU per US$ | +8.3% |
| 1992 | 17.4 LCU per US$ | +75.6% |
| 1993 | 22.16 LCU per US$ | +27.3% |
| 1994 | 22 LCU per US$ | -0.7% |
| 1995 | 22 LCU per US$ | +0.0% |
| 1996 | 22 LCU per US$ | +0.0% |
| 1997 | 22 LCU per US$ | +0.0% |
| 1998 | 22 LCU per US$ | +0.0% |
| 1999 | 92.69 LCU per US$ | +321.3% |
| 2000 | 102.11 LCU per US$ | +10.2% |
| 2001 | 111.95 LCU per US$ | +9.6% |
| 2002 | 121 LCU per US$ | +8.1% |
| 2003 | 129.44 LCU per US$ | +7.0% |
| 2004 | 133.5 LCU per US$ | +3.1% |
| 2005 | 131.62 LCU per US$ | -1.4% |
| 2006 | 127.38 LCU per US$ | -3.2% |
| 2007 | 124.62 LCU per US$ | -2.2% |
| 2008 | 117.69 LCU per US$ | -5.6% |
| 2009 | 147.32 LCU per US$ | +25.2% |
| 2010 | 148.81 LCU per US$ | +1.0% |
| 2011 | 152.33 LCU per US$ | +2.4% |
| 2012 | 155.94 LCU per US$ | +2.4% |
| 2013 | 155.75 LCU per US$ | -0.1% |
| 2014 | 156.98 LCU per US$ | +0.8% |
| 2015 | 193.05 LCU per US$ | +23.0% |
| 2016 | 253.49 LCU per US$ | +31.3% |
| 2017 | 305.79 LCU per US$ | +20.6% |
| 2018 | 306.08 LCU per US$ | +0.1% |
| 2019 | 306.92 LCU per US$ | +0.3% |
| 2020 | 356.9 LCU per US$ | +16.3% |
| 2021 | 399.42 LCU per US$ | +11.9% |
| 2022 | 423.89 LCU per US$ | +6.1% |
| 2023 | 644.3 LCU per US$ | +52.0% |
| 2024 | 1,478 LCU per US$ | +129.4% |
| 2025 | 1,518 LCU per US$ | +2.7% |
Nigeria compared with similar countries
- Nigeria's 1,518 LCU per US$ is above the median for lower middle income countries, which is 120.33 LCU per US$, 12.6× the median. (47 countries reporting)
- Nigeria's 1,518 LCU per US$ is above the median for Sub-Saharan Africa, which is 581.93 LCU per US$, 2.6× the median. (48 countries reporting)
Biggest year-on-year movements
Years where DEC alternative conversion factor in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +321.3% | 22 LCU per US$ | 92.69 LCU per US$ |
| 2024 | +129.4% | 644.3 LCU per US$ | 1,478 LCU per US$ |
| 1992 | +75.6% | 9.91 LCU per US$ | 17.4 LCU per US$ |
| 1971 | +58.2% | 0.7143 LCU per US$ | 1.13 LCU per US$ |
| 1983 | +56.6% | 1.04 LCU per US$ | 1.64 LCU per US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.7143 LCU per US$ | 0.7143 LCU per US$ | 0.7143 LCU per US$ | 10 |
| 1970s | 0.8781 LCU per US$ | 0.7143 LCU per US$ | 1.13 LCU per US$ | 10 |
| 1980s | 3.32 LCU per US$ | 0.783 LCU per US$ | 9.43 LCU per US$ | 10 |
| 1990s | 26.13 LCU per US$ | 9.15 LCU per US$ | 92.69 LCU per US$ | 10 |
| 2000s | 124.66 LCU per US$ | 102.11 LCU per US$ | 147.32 LCU per US$ | 10 |
| 2010s | 213.51 LCU per US$ | 148.81 LCU per US$ | 306.92 LCU per US$ | 10 |
| 2020s | 803.47 LCU per US$ | 356.9 LCU per US$ | 1,518 LCU per US$ | 6 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is dec alternative conversion factor in Nigeria?
- Dec alternative conversion factor in Nigeria was 1,518 LCU per US$ in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest dec alternative conversion factor recorded in Nigeria?
- The highest recorded value was 1,518 LCU per US$ in 2025.
- What is the lowest dec alternative conversion factor recorded in Nigeria?
- The lowest recorded value was 0.7143 LCU per US$ in 1960.
- How does Nigeria rank for dec alternative conversion factor?
- Nigeria ranks 24th out of 215 countries with data for 2025.
- Is dec alternative conversion factor rising or falling in Nigeria?
- Over the last ten years it is up 686.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of DEC alternative conversion factor (LCU per US$). Statizoid updates them automatically from the source API.
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About this data
The DEC alternative conversion factor is the underlying annual exchange rate (the price of one country’s currency in relation to another country's currency) used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics. Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.