PPP conversion factor for private consumption in Nigeria
Nigeria: PPP conversion factor for private consumption was 318.06 LCU per international $ in 2025. ◆ Volatile
Latest (2025)
318.06 LCU per international $
Change on year
up 19.8%
World rank
26th
of 204 countries
All-time high
318.06 LCU per international $
in 2025
All-time low
3.13 LCU per international $
in 1990
Years of data
36
1990–2025
PPP conversion factor for private consumption in Nigeria, 1990–2025
Source: ICP, Eurostat PPP Programme, and OECD PPP Programme, via World Bank (2026) – processed by Our World in Data. Measured in LCU per international $.
Analysis
The most recent figure for ppp conversion factor for private consumption in Nigeria is 318.06 LCU per international $, measured in 2025. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 19.8% on the previous year and up 226.6% over ten years.
Over the whole period, ppp conversion factor for private consumption in Nigeria peaked at 318.06 LCU per international $ in 2025 and was at its lowest, 3.13 LCU per international $, in 1990.
Nigeria ranks 26th of 204 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
PPP conversion factor for private consumption in Nigeria, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 1990 | 3.13 LCU per international $ | — |
| 1991 | 3.4 LCU per international $ | +8.4% |
| 1992 | 4.77 LCU per international $ | +40.3% |
| 1993 | 7.28 LCU per international $ | +52.7% |
| 1994 | 11.14 LCU per international $ | +53.0% |
| 1995 | 18.73 LCU per international $ | +68.1% |
| 1996 | 23.52 LCU per international $ | +25.6% |
| 1997 | 24.95 LCU per international $ | +6.1% |
| 1998 | 27.02 LCU per international $ | +8.3% |
| 1999 | 28.19 LCU per international $ | +4.3% |
| 2000 | 29.16 LCU per international $ | +3.4% |
| 2001 | 33.71 LCU per international $ | +15.6% |
| 2002 | 37.46 LCU per international $ | +11.1% |
| 2003 | 41.77 LCU per international $ | +11.5% |
| 2004 | 46.78 LCU per international $ | +12.0% |
| 2005 | 53.32 LCU per international $ | +14.0% |
| 2006 | 55.91 LCU per international $ | +4.8% |
| 2007 | 57.29 LCU per international $ | +2.5% |
| 2008 | 61.56 LCU per international $ | +7.5% |
| 2009 | 69.52 LCU per international $ | +12.9% |
| 2010 | 77.8 LCU per international $ | +11.9% |
| 2011 | 83.58 LCU per international $ | +7.4% |
| 2012 | 87.49 LCU per international $ | +4.7% |
| 2013 | 91.81 LCU per international $ | +4.9% |
| 2014 | 94.28 LCU per international $ | +2.7% |
| 2015 | 97.4 LCU per international $ | +3.3% |
| 2016 | 104.82 LCU per international $ | +7.6% |
| 2017 | 115.95 LCU per international $ | +10.6% |
| 2018 | 124.54 LCU per international $ | +7.4% |
| 2019 | 132.44 LCU per international $ | +6.3% |
| 2020 | 142.75 LCU per international $ | +7.8% |
| 2021 | 155.72 LCU per international $ | +9.1% |
| 2022 | 171.36 LCU per international $ | +10.0% |
| 2023 | 205.17 LCU per international $ | +19.7% |
| 2024 | 265.54 LCU per international $ | +29.4% |
| 2025 | 318.06 LCU per international $ | +19.8% |
Nigeria compared with similar countries
- Nigeria's 318.06 LCU per international $ is above the median for lower middle income countries, which is 32.13 LCU per international $, 9.9× the median. (46 countries reporting)
- Nigeria's 318.06 LCU per international $ is above the median for Sub-Saharan Africa, which is 197.88 LCU per international $, 1.6× the median. (48 countries reporting)
Biggest year-on-year movements
Years where PPP conversion factor for private consumption 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 |
|---|---|---|---|
| 1995 | +68.1% | 11.14 LCU per international $ | 18.73 LCU per international $ |
| 1994 | +53.0% | 7.28 LCU per international $ | 11.14 LCU per international $ |
| 1993 | +52.7% | 4.77 LCU per international $ | 7.28 LCU per international $ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.21 LCU per international $ | 3.13 LCU per international $ | 28.19 LCU per international $ | 10 |
| 2000s | 48.65 LCU per international $ | 29.16 LCU per international $ | 69.52 LCU per international $ | 10 |
| 2010s | 101.01 LCU per international $ | 77.8 LCU per international $ | 132.44 LCU per international $ | 10 |
| 2020s | 209.77 LCU per international $ | 142.75 LCU per international $ | 318.06 LCU per international $ | 6 |
Countries ranked near Nigeria
- 23 Chile 486.88 LCU per international $ compare
- 24 Rwanda 372.71 LCU per international $ compare
- 25 Angola 364.1 LCU per international $ compare
- 27 Costa Rica 314.54 LCU per international $ compare
- 28 Gabon 280.85 LCU per international $ compare
- 29 Equatorial Guinea 275.68 LCU per international $ compare
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 ppp conversion factor for private consumption in Nigeria?
- Ppp conversion factor for private consumption in Nigeria was 318.06 LCU per international $ in 2025, according to ICP, Eurostat PPP Programme, and OECD PPP Programme, via World Bank (2026) – processed by Our World in Data.
- What is the highest ppp conversion factor for private consumption recorded in Nigeria?
- The highest recorded value was 318.06 LCU per international $ in 2025.
- What is the lowest ppp conversion factor for private consumption recorded in Nigeria?
- The lowest recorded value was 3.13 LCU per international $ in 1990.
- How does Nigeria rank for ppp conversion factor for private consumption?
- Nigeria ranks 26th out of 204 countries with data for 2025.
- Is ppp conversion factor for private consumption rising or falling in Nigeria?
- Over the last ten years it is up 226.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from ICP, Eurostat PPP Programme, and OECD PPP Programme, via World Bank (2026) – processed by Our World in Data, published as part of PPP conversion factor for private consumption. Statizoid updates them automatically from the source API.
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