PPP conversion factor, GDP in Nigeria
Nigeria: PPP conversion factor, GDP was 195.02 LCU per international $ in 2025. ◆ Volatile
PPP conversion factor, GDP in Nigeria, 1990–2025
Source: International Comparison Program (ICP), World Bank (WB). Measured in LCU per international $.
Analysis
Nigeria recorded 195.02 LCU per international $ for ppp conversion factor, gdp in 2025. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 10.8% on the previous year and up 102.7% over ten years.
Over the whole period, ppp conversion factor, gdp in Nigeria peaked at 195.02 LCU per international $ in 2025 and was at its lowest, 2.56 LCU per international $, in 1990.
Nigeria ranks 44th of 205 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, GDP in Nigeria, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 1990 | 2.56 LCU per international $ | — |
| 1991 | 2.94 LCU per international $ | +15.0% |
| 1992 | 4.22 LCU per international $ | +43.5% |
| 1993 | 5.84 LCU per international $ | +38.4% |
| 1994 | 8.2 LCU per international $ | +40.3% |
| 1995 | 14.08 LCU per international $ | +71.8% |
| 1996 | 17.49 LCU per international $ | +24.2% |
| 1997 | 18.07 LCU per international $ | +3.3% |
| 1998 | 18.94 LCU per international $ | +4.8% |
| 1999 | 21.18 LCU per international $ | +11.8% |
| 2000 | 25.41 LCU per international $ | +20.0% |
| 2001 | 27.36 LCU per international $ | +7.7% |
| 2002 | 32.62 LCU per international $ | +19.3% |
| 2003 | 35.13 LCU per international $ | +7.7% |
| 2004 | 41.3 LCU per international $ | +17.6% |
| 2005 | 48 LCU per international $ | +16.2% |
| 2006 | 57.67 LCU per international $ | +20.2% |
| 2007 | 60.14 LCU per international $ | +4.3% |
| 2008 | 63.67 LCU per international $ | +5.9% |
| 2009 | 63.72 LCU per international $ | +0.1% |
| 2010 | 73.24 LCU per international $ | +14.9% |
| 2011 | 78.78 LCU per international $ | +7.6% |
| 2012 | 86.68 LCU per international $ | +10.0% |
| 2013 | 89.96 LCU per international $ | +3.8% |
| 2014 | 92.32 LCU per international $ | +2.6% |
| 2015 | 96.19 LCU per international $ | +4.2% |
| 2016 | 104.5 LCU per international $ | +8.6% |
| 2017 | 114.82 LCU per international $ | +9.9% |
| 2018 | 123.92 LCU per international $ | +7.9% |
| 2019 | 129.65 LCU per international $ | +4.6% |
| 2020 | 134.64 LCU per international $ | +3.9% |
| 2021 | 146.72 LCU per international $ | +9.0% |
| 2022 | 148 LCU per international $ | +0.9% |
| 2023 | 158.18 LCU per international $ | +6.9% |
| 2024 | 176.08 LCU per international $ | +11.3% |
| 2025 | 195.02 LCU per international $ | +10.8% |
Nigeria compared with similar countries
- Nigeria's 195.02 LCU per international $ is above the median for lower middle income countries, which is 29.19 LCU per international $, 6.7× the median. (47 countries reporting)
- Nigeria's 195.02 LCU per international $ is below the median for Sub-Saharan Africa, which is 198.28 LCU per international $, 98% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where PPP conversion factor, GDP 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 | +71.8% | 8.2 LCU per international $ | 14.08 LCU per international $ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.35 LCU per international $ | 2.56 LCU per international $ | 21.18 LCU per international $ | 10 |
| 2000s | 45.5 LCU per international $ | 25.41 LCU per international $ | 63.72 LCU per international $ | 10 |
| 2010s | 99.01 LCU per international $ | 73.24 LCU per international $ | 129.65 LCU per international $ | 10 |
| 2020s | 159.77 LCU per international $ | 134.64 LCU per international $ | 195.02 LCU per international $ | 6 |
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 ppp conversion factor, gdp in Nigeria?
- Ppp conversion factor, gdp in Nigeria was 195.02 LCU per international $ in 2025, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest ppp conversion factor, gdp recorded in Nigeria?
- The highest recorded value was 195.02 LCU per international $ in 2025.
- What is the lowest ppp conversion factor, gdp recorded in Nigeria?
- The lowest recorded value was 2.56 LCU per international $ in 1990.
- How does Nigeria rank for ppp conversion factor, gdp?
- Nigeria ranks 44th out of 205 countries with data for 2025.
- Is ppp conversion factor, gdp rising or falling in Nigeria?
- Over the last ten years it is up 102.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of PPP conversion factor, GDP (LCU per international $). Statizoid updates them automatically from the source API.
Download this data
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About this data
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.