GDP price levels relative to the US in Nigeria
Nigeria: GDP price levels relative to the US was 0.1193 in 2024. ▼ Falling
GDP price levels relative to the US in Nigeria, 1990–2024
Source: World Development Indicators - World Bank (2026) – processed by Our World in Data.
Analysis
In 2024, gdp price levels relative to the us in Nigeria stood at 0.1193. That is the lowest value across all 35 years on record.
The figure is down 51.4% on the previous year and down 79.7% over ten years.
Over the whole period, gdp price levels relative to the us in Nigeria peaked at 0.8609 in 1998 and was at its lowest, 0.1193, in 2024.
Nigeria ranks 202nd of 202 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 35 years of available data.
GDP price levels relative to the US in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.2796 | — |
| 1991 | 0.2969 | +6.2% |
| 1992 | 0.2426 | -18.3% |
| 1993 | 0.2636 | +8.6% |
| 1994 | 0.3726 | +41.3% |
| 1995 | 0.6402 | +71.8% |
| 1996 | 0.7952 | +24.2% |
| 1997 | 0.8212 | +3.3% |
| 1998 | 0.8609 | +4.8% |
| 1999 | 0.2285 | -73.5% |
| 2000 | 0.2489 | +8.9% |
| 2001 | 0.2444 | -1.8% |
| 2002 | 0.2696 | +10.3% |
| 2003 | 0.2714 | +0.7% |
| 2004 | 0.3094 | +14.0% |
| 2005 | 0.3647 | +17.9% |
| 2006 | 0.4527 | +24.2% |
| 2007 | 0.4826 | +6.6% |
| 2008 | 0.541 | +12.1% |
| 2009 | 0.4325 | -20.1% |
| 2010 | 0.4922 | +13.8% |
| 2011 | 0.5172 | +5.1% |
| 2012 | 0.5559 | +7.5% |
| 2013 | 0.5776 | +3.9% |
| 2014 | 0.5881 | +1.8% |
| 2015 | 0.4983 | -15.3% |
| 2016 | 0.4122 | -17.3% |
| 2017 | 0.3755 | -8.9% |
| 2018 | 0.4048 | +7.8% |
| 2019 | 0.4224 | +4.3% |
| 2020 | 0.3772 | -10.7% |
| 2021 | 0.3673 | -2.6% |
| 2022 | 0.3491 | -5.0% |
| 2023 | 0.2457 | -29.6% |
| 2024 | 0.1193 | -51.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4801 | 0.2285 | 0.8609 | 10 |
| 2000s | 0.3617 | 0.2444 | 0.541 | 10 |
| 2010s | 0.4844 | 0.3755 | 0.5881 | 10 |
| 2020s | 0.2917 | 0.1193 | 0.3772 | 5 |
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)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.18 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 348.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 427,154 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.4555 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 557.59 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 209.92 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is gdp price levels relative to the us in Nigeria?
- Gdp price levels relative to the us in Nigeria was 0.1193 in 2024, according to World Development Indicators - World Bank (2026) – processed by Our World in Data.
- What is the highest gdp price levels relative to the us recorded in Nigeria?
- The highest recorded value was 0.8609 in 1998.
- What is the lowest gdp price levels relative to the us recorded in Nigeria?
- The lowest recorded value was 0.1193 in 2024.
- How does Nigeria rank for gdp price levels relative to the us?
- Nigeria ranks 202nd out of 202 countries with data for 2024.
- Is gdp price levels relative to the us rising or falling in Nigeria?
- Over the last ten years it is down 79.7%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from World Development Indicators - World Bank (2026) – processed by Our World in Data, published as part of GDP price levels relative to the US. Statizoid updates them automatically from the source API.
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About this data
Ratio of Purchasing Power Parity (PPP) conversion factor to market exchange rate.