Meat of sheep, fresh or chilled — Producer Price in Nigeria
Nigeria: Meat of sheep, fresh or chilled — Producer Price was 543,979 LCU in 2008. ◆ Volatile
Meat of sheep, fresh or chilled — Producer Price in Nigeria, 1991–2008
Source: Food and Agriculture Organization of the United Nations. Measured in LCU.
Analysis
In 2008, meat of sheep, fresh or chilled — producer price in Nigeria stood at 543,979 LCU. That is the highest value across all 17 years on record.
That represents a change of up 65.2% on the previous year and up 368.5% over ten years.
Over the whole period, meat of sheep, fresh or chilled — producer price in Nigeria peaked at 543,979 LCU in 2008 and was at its lowest, 24,400 LCU, in 1991.
Nigeria ranks 19th of 73 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Meat of sheep, fresh or chilled — Producer Price in Nigeria, year by year
| Year | LCU | Change |
|---|---|---|
| 1991 | 24,400 LCU | — |
| 1992 | 33,400 LCU | +36.9% |
| 1993 | 59,720 LCU | +78.8% |
| 1994 | 52,100 LCU | -12.8% |
| 1995 | 87,120 LCU | +67.2% |
| 1996 | 92,820 LCU | +6.5% |
| 1997 | 108,360 LCU | +16.7% |
| 1998 | 116,120 LCU | +7.2% |
| 1999 | 109,560 LCU | -5.6% |
| 2001 | 171,970 LCU | +57.0% |
| 2002 | 216,280 LCU | +25.8% |
| 2003 | 233,220 LCU | +7.8% |
| 2004 | 249,040 LCU | +6.8% |
| 2005 | 279,080 LCU | +12.1% |
| 2006 | 279,476 LCU | +0.1% |
| 2007 | 329,205 LCU | +17.8% |
| 2008 | 543,979 LCU | +65.2% |
Nigeria compared with similar countries
- Nigeria's 543,979 LCU is above the median for lower middle income countries, which is 143,124 LCU, 3.8× the median. (16 countries reporting)
- Nigeria's 543,979 LCU is below the median for Sub-Saharan Africa, which is 1.25 million LCU, 43% of the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 75,956 LCU | 24,400 LCU | 116,120 LCU | 9 |
| 2000s | 287,781 LCU | 171,970 LCU | 543,979 LCU | 8 |
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 meat of sheep, fresh or chilled — producer price in Nigeria?
- Meat of sheep, fresh or chilled — producer price in Nigeria was 543,979 LCU in 2008, according to Food and Agriculture Organization of the United Nations.
- What is the highest meat of sheep, fresh or chilled — producer price recorded in Nigeria?
- The highest recorded value was 543,979 LCU in 2008.
- What is the lowest meat of sheep, fresh or chilled — producer price recorded in Nigeria?
- The lowest recorded value was 24,400 LCU in 1991.
- How does Nigeria rank for meat of sheep, fresh or chilled — producer price?
- Nigeria ranks 19th out of 73 countries with data for 2008.
- Is meat of sheep, fresh or chilled — producer price rising or falling in Nigeria?
- Over the last ten years it is up 368.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Meat of sheep, fresh or chilled — Producer Price (LCU/tonne). Statizoid updates them automatically from the source API.
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About this data
This sub-domain contains data on agriculture producer prices and the producer price index. Agriculture producer prices are prices received by farmers for primary crops, live animals and livestock primary products as collected at the point of initial sale (prices paid at the farm gate). Annual data are provided from 1991 (while mothly data start in January 2010) for 180 countries and 212 products. The producer price index is the index of agricultural producer prices that measures the average annual change over time in the selling prices received by farmers (prices at the farm gate or at the first point of sale). The three categories of producer price index available in FAOSTAT comprise: single-item price index, commodity group index and the agriculture producer price index.