Price level index in Nigeria
Nigeria: Price level index was 20.95 Households and NPISHs Final consumption expenditure in 2025. ▼ Falling
Latest (2025)
20.95 Households and NPISHs Final consumption expenditure
Change on year
up 16.6%
World rank
202nd
of 205 countries
All-time high
122.81 Households and NPISHs Final consumption expenditure
in 1998
All-time low
17.97 Households and NPISHs Final consumption expenditure
in 2024
Years of data
36
1990–2025
Price level index in Nigeria, 1990–2025
Source: World Development Indicators, World Bank (WB). Measured in Households and NPISHs Final consumption expenditure.
Analysis
In 2025, price level index in Nigeria stood at 20.95 Households and NPISHs Final consumption expenditure.
The figure is up 16.6% on the previous year and down 58.5% over ten years.
Over the whole period, price level index in Nigeria peaked at 122.81 Households and NPISHs Final consumption expenditure in 1998 and was at its lowest, 17.97 Households and NPISHs Final consumption expenditure, in 2024.
Nigeria ranks 202nd of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 36 years of available data.
Price level index in Nigeria, year by year
| Year | Households and NPISHs Final consumption expenditure | Change |
|---|---|---|
| 1990 | 34.24 Households and NPISHs Final consumption expenditure | — |
| 1991 | 34.28 Households and NPISHs Final consumption expenditure | +0.1% |
| 1992 | 27.4 Households and NPISHs Final consumption expenditure | -20.1% |
| 1993 | 32.84 Households and NPISHs Final consumption expenditure | +19.9% |
| 1994 | 50.64 Households and NPISHs Final consumption expenditure | +54.2% |
| 1995 | 85.13 Households and NPISHs Final consumption expenditure | +68.1% |
| 1996 | 106.92 Households and NPISHs Final consumption expenditure | +25.6% |
| 1997 | 113.39 Households and NPISHs Final consumption expenditure | +6.1% |
| 1998 | 122.81 Households and NPISHs Final consumption expenditure | +8.3% |
| 1999 | 30.41 Households and NPISHs Final consumption expenditure | -75.2% |
| 2000 | 28.56 Households and NPISHs Final consumption expenditure | -6.1% |
| 2001 | 30.11 Households and NPISHs Final consumption expenditure | +5.4% |
| 2002 | 30.96 Households and NPISHs Final consumption expenditure | +2.8% |
| 2003 | 32.27 Households and NPISHs Final consumption expenditure | +4.2% |
| 2004 | 35.04 Households and NPISHs Final consumption expenditure | +8.6% |
| 2005 | 40.51 Households and NPISHs Final consumption expenditure | +15.6% |
| 2006 | 43.89 Households and NPISHs Final consumption expenditure | +8.3% |
| 2007 | 45.97 Households and NPISHs Final consumption expenditure | +4.7% |
| 2008 | 52.3 Households and NPISHs Final consumption expenditure | +13.8% |
| 2009 | 47.19 Households and NPISHs Final consumption expenditure | -9.8% |
| 2010 | 52.28 Households and NPISHs Final consumption expenditure | +10.8% |
| 2011 | 54.87 Households and NPISHs Final consumption expenditure | +5.0% |
| 2012 | 56.1 Households and NPISHs Final consumption expenditure | +2.2% |
| 2013 | 58.95 Households and NPISHs Final consumption expenditure | +5.1% |
| 2014 | 60.06 Households and NPISHs Final consumption expenditure | +1.9% |
| 2015 | 50.45 Households and NPISHs Final consumption expenditure | -16.0% |
| 2016 | 41.35 Households and NPISHs Final consumption expenditure | -18.0% |
| 2017 | 37.92 Households and NPISHs Final consumption expenditure | -8.3% |
| 2018 | 40.69 Households and NPISHs Final consumption expenditure | +7.3% |
| 2019 | 43.15 Households and NPISHs Final consumption expenditure | +6.1% |
| 2020 | 40 Households and NPISHs Final consumption expenditure | -7.3% |
| 2021 | 38.99 Households and NPISHs Final consumption expenditure | -2.5% |
| 2022 | 40.43 Households and NPISHs Final consumption expenditure | +3.7% |
| 2023 | 31.84 Households and NPISHs Final consumption expenditure | -21.2% |
| 2024 | 17.97 Households and NPISHs Final consumption expenditure | -43.6% |
| 2025 | 20.95 Households and NPISHs Final consumption expenditure | +16.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 63.81 Households and NPISHs Final consumption expenditure | 27.4 Households and NPISHs Final consumption expenditure | 122.81 Households and NPISHs Final consumption expenditure | 10 |
| 2000s | 38.68 Households and NPISHs Final consumption expenditure | 28.56 Households and NPISHs Final consumption expenditure | 52.3 Households and NPISHs Final consumption expenditure | 10 |
| 2010s | 49.58 Households and NPISHs Final consumption expenditure | 37.92 Households and NPISHs Final consumption expenditure | 60.06 Households and NPISHs Final consumption expenditure | 10 |
| 2020s | 31.7 Households and NPISHs Final consumption expenditure | 17.97 Households and NPISHs Final consumption expenditure | 40.43 Households and NPISHs Final consumption expenditure | 6 |
Countries ranked near Nigeria
- 199 India 22.72 Households and NPISHs Final consumption expenditure compare
- 200 Ethiopia 22.61 Households and NPISHs Final consumption expenditure compare
- 201 Iran, Islamic Republic of 21.25 Households and NPISHs Final consumption expenditure compare
- 203 Afghanistan 19.71 Households and NPISHs Final consumption expenditure compare
- 204 Syrian Arab Republic 17.55 Households and NPISHs Final consumption expenditure compare
- 205 Egypt 15.55 Households and NPISHs Final consumption expenditure 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)
- 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 price level index in Nigeria?
- Price level index in Nigeria was 20.95 Households and NPISHs Final consumption expenditure in 2025, according to World Development Indicators, World Bank (WB).
- What is the highest price level index recorded in Nigeria?
- The highest recorded value was 122.81 Households and NPISHs Final consumption expenditure in 1998.
- What is the lowest price level index recorded in Nigeria?
- The lowest recorded value was 17.97 Households and NPISHs Final consumption expenditure in 2024.
- How does Nigeria rank for price level index?
- Nigeria ranks 202nd out of 205 countries with data for 2025.
- Is price level index rising or falling in Nigeria?
- Over the last ten years it is down 58.5%. 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 (WB), published as part of Price level index (Households and NPISHs Final consumption expenditure). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The price level index (PLI) is the ratio of a purchasing power parity (PPP) conversion factor to the corresponding market exchange rate between two countries, expressed relative to a base country that is set equal to 100. For this series the base country is the United States. It provides a measure of the differences in price level between the country and the United States by indicating the number of units of the common currency (US dollars) needed to buy the same volume of the aggregation level in each country. This indicator provides a measure of the differences in the price levels of countries at the level of Households and NPISHs final consumption expenditure.