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$, in 1960.
That places Nigeria 24th out of 214 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.7143 LCU per US$ | 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
- Inflation of consumer prices 23.0% (2025)
- GDP per capita 2,369 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.3% (2025)
- Gross domestic product (GDP) 562.59 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 2,369 constant 2015 US$ (2025)
- Net secondary income (Net current transfers from abroad) 35.23 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 23.20 billion current US$ (2025)
- Taxes less subsidies on products 10.36 trillion current LCU (2025)
- Taxes less subsidies on products 6.82 billion current US$ (2025)
- Net primary income (Net income from abroad) -13.80 trillion current LCU (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 214 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.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.