Value Added Deflator (Manufacturing) — Value Standard Local Currency in Nigeria
Nigeria: Value Added Deflator (Manufacturing) — Value Standard Local Currency was 391.35 SLC in 2023. ◆ Volatile
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Nigeria, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
Nigeria recorded 391.35 SLC for value added deflator (manufacturing) — value standard local currency in 2023. That is the highest value across all 54 years on record.
That represents a change of up 29.1% on the previous year and up 329.5% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in Nigeria peaked at 391.35 SLC in 2023 and was at its lowest, 0.1487 SLC, in 1970.
Nigeria ranks 11th of 194 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Nigeria, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 0.1487 SLC | — |
| 1971 | 0.1552 SLC | +4.4% |
| 1972 | 0.1601 SLC | +3.2% |
| 1973 | 0.1647 SLC | +2.8% |
| 1974 | 0.2122 SLC | +28.9% |
| 1975 | 0.3058 SLC | +44.1% |
| 1976 | 0.3305 SLC | +8.1% |
| 1977 | 0.3315 SLC | +0.3% |
| 1978 | 0.3325 SLC | +0.3% |
| 1979 | 0.3487 SLC | +4.9% |
| 1980 | 0.3489 SLC | +0.1% |
| 1981 | 0.3549 SLC | +1.7% |
| 1982 | 0.4462 SLC | +25.7% |
| 1983 | 0.6949 SLC | +55.7% |
| 1984 | 0.6578 SLC | -5.3% |
| 1985 | 0.8405 SLC | +27.8% |
| 1986 | 0.9738 SLC | +15.9% |
| 1987 | 0.9165 SLC | -5.9% |
| 1988 | 1.15 SLC | +25.4% |
| 1989 | 1.57 SLC | +36.3% |
| 1990 | 1.69 SLC | +7.8% |
| 1991 | 2.03 SLC | +20.1% |
| 1992 | 2.52 SLC | +24.1% |
| 1993 | 4.4 SLC | +75.1% |
| 1994 | 8.08 SLC | +83.4% |
| 1995 | 15.7 SLC | +94.4% |
| 1996 | 19.15 SLC | +22.0% |
| 1997 | 20.4 SLC | +6.5% |
| 1998 | 21.16 SLC | +3.7% |
| 1999 | 21.99 SLC | +3.9% |
| 2000 | 24.23 SLC | +10.2% |
| 2001 | 27.59 SLC | +13.9% |
| 2002 | 27.76 SLC | +0.6% |
| 2003 | 37.47 SLC | +34.9% |
| 2004 | 45.59 SLC | +21.7% |
| 2005 | 52.66 SLC | +15.5% |
| 2006 | 60.39 SLC | +14.7% |
| 2007 | 65.36 SLC | +8.2% |
| 2008 | 71.09 SLC | +8.8% |
| 2009 | 71.62 SLC | +0.7% |
| 2010 | 73.4 SLC | +2.5% |
| 2011 | 78.82 SLC | +7.4% |
| 2012 | 85.75 SLC | +8.8% |
| 2013 | 91.12 SLC | +6.3% |
| 2014 | 95.37 SLC | +4.7% |
| 2015 | 100 SLC | +4.9% |
| 2016 | 103.69 SLC | +3.7% |
| 2017 | 117.23 SLC | +13.1% |
| 2018 | 142.39 SLC | +21.5% |
| 2019 | 190.38 SLC | +33.7% |
| 2020 | 227.95 SLC | +19.7% |
| 2021 | 290.4 SLC | +27.4% |
| 2022 | 303.1 SLC | +4.4% |
| 2023 | 391.35 SLC | +29.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.249 SLC | 0.1487 SLC | 0.3487 SLC | 10 |
| 1980s | 0.7949 SLC | 0.3489 SLC | 1.57 SLC | 10 |
| 1990s | 11.71 SLC | 1.69 SLC | 21.99 SLC | 10 |
| 2000s | 48.38 SLC | 24.23 SLC | 71.62 SLC | 10 |
| 2010s | 107.82 SLC | 73.4 SLC | 190.38 SLC | 10 |
| 2020s | 303.2 SLC | 227.95 SLC | 391.35 SLC | 4 |
Countries ranked near Nigeria
- 8 Libya 505.58 SLC compare
- 9 Uzbekistan 444.52 SLC compare
- 10 Sierra Leone 408.26 SLC compare
- 12 Marshall Islands 366.26 SLC compare
- 13 Ghana 326.73 SLC compare
- 14 Ukraine 326.25 SLC 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)
- GDP (constant 2015 US$), annual growth rate 4.01 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 1.93 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,369 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.01 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 778.97 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 953,652 constant LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate -18.64 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.11 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is value added deflator (manufacturing) — value standard local currency in Nigeria?
- Value added deflator (manufacturing) — value standard local currency in Nigeria was 391.35 SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in Nigeria?
- The highest recorded value was 391.35 SLC in 2023.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in Nigeria?
- The lowest recorded value was 0.1487 SLC in 1970.
- How does Nigeria rank for value added deflator (manufacturing) — value standard local currency?
- Nigeria ranks 11th out of 194 countries with data for 2023.
- Is value added deflator (manufacturing) — value standard local currency rising or falling in Nigeria?
- Over the last ten years it is up 329.5%. 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 Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).