Ppp conversion factor for private consumption in Nigeria
Nigeria: Ppp conversion factor for private consumption was 318.06 in 2025. ◆ Volatile
Ppp conversion factor for private consumption in Nigeria, 1990–2025
Source: Our World in Data.
Analysis
The most recent figure for ppp conversion factor for private consumption in Nigeria is 318.06, 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 in 2025 and was at its lowest, 3.13, 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 | Value | Change |
|---|---|---|
| 1990 | 3.13 | — |
| 1991 | 3.4 | +8.4% |
| 1992 | 4.77 | +40.3% |
| 1993 | 7.28 | +52.7% |
| 1994 | 11.14 | +53.0% |
| 1995 | 18.73 | +68.1% |
| 1996 | 23.52 | +25.6% |
| 1997 | 24.95 | +6.1% |
| 1998 | 27.02 | +8.3% |
| 1999 | 28.19 | +4.3% |
| 2000 | 29.16 | +3.4% |
| 2001 | 33.71 | +15.6% |
| 2002 | 37.46 | +11.1% |
| 2003 | 41.77 | +11.5% |
| 2004 | 46.78 | +12.0% |
| 2005 | 53.32 | +14.0% |
| 2006 | 55.91 | +4.8% |
| 2007 | 57.29 | +2.5% |
| 2008 | 61.56 | +7.5% |
| 2009 | 69.52 | +12.9% |
| 2010 | 77.8 | +11.9% |
| 2011 | 83.58 | +7.4% |
| 2012 | 87.49 | +4.7% |
| 2013 | 91.81 | +4.9% |
| 2014 | 94.28 | +2.7% |
| 2015 | 97.4 | +3.3% |
| 2016 | 104.82 | +7.6% |
| 2017 | 115.95 | +10.6% |
| 2018 | 124.54 | +7.4% |
| 2019 | 132.44 | +6.3% |
| 2020 | 142.75 | +7.8% |
| 2021 | 155.72 | +9.1% |
| 2022 | 171.36 | +10.0% |
| 2023 | 205.17 | +19.7% |
| 2024 | 265.54 | +29.4% |
| 2025 | 318.06 | +19.8% |
Nigeria compared with similar countries
- Nigeria's 318.06 is above the median for lower middle income countries, which is 32.13, 9.9× the median. (46 countries reporting)
- Nigeria's 318.06 is above the median for Sub-Saharan Africa, which is 197.88, 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 | 18.73 |
| 1994 | +53.0% | 7.28 | 11.14 |
| 1993 | +52.7% | 4.77 | 7.28 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.21 | 3.13 | 28.19 | 10 |
| 2000s | 48.65 | 29.16 | 69.52 | 10 |
| 2010s | 101.01 | 77.8 | 132.44 | 10 |
| 2020s | 209.77 | 142.75 | 318.06 | 6 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Real gdp growth, annual growth rate 22.77 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % 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 in 2025, according to Our World in Data.
- What is the highest ppp conversion factor for private consumption recorded in Nigeria?
- The highest recorded value was 318.06 in 2025.
- What is the lowest ppp conversion factor for private consumption recorded in Nigeria?
- The lowest recorded value was 3.13 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 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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