Value Added Deflator (Manufacturing) — Value US$, 2015 prices in Nigeria
Nigeria: Value Added Deflator (Manufacturing) — Value US$, 2015 prices was 120.47 USD in 2023. ▲ Rising
Value Added Deflator (Manufacturing) — Value US$, 2015 prices in Nigeria, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
The most recent figure for value added deflator (manufacturing) — value us$, 2015 prices in Nigeria is 120.47 USD, measured in 2023.
Compared with earlier readings it is down 12.0% on the previous year and up 8.1% over ten years.
Over the whole period, value added deflator (manufacturing) — value us$, 2015 prices in Nigeria peaked at 184.6 USD in 1983 and was at its lowest, 27.98 USD, in 1992.
Nigeria ranks 88th of 222 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added Deflator (Manufacturing) — Value US$, 2015 prices in Nigeria, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 40.06 USD | — |
| 1971 | 41.89 USD | +4.6% |
| 1972 | 46.84 USD | +11.8% |
| 1973 | 48.17 USD | +2.8% |
| 1974 | 64.8 USD | +34.5% |
| 1975 | 95.61 USD | +47.5% |
| 1976 | 101.49 USD | +6.1% |
| 1977 | 98.94 USD | -2.5% |
| 1978 | 100.72 USD | +1.8% |
| 1979 | 111.11 USD | +10.3% |
| 1980 | 122.8 USD | +10.5% |
| 1981 | 110.55 USD | -10.0% |
| 1982 | 127.51 USD | +15.3% |
| 1983 | 184.6 USD | +44.8% |
| 1984 | 165.13 USD | -10.5% |
| 1985 | 180.96 USD | +9.6% |
| 1986 | 106.81 USD | -41.0% |
| 1987 | 43.92 USD | -58.9% |
| 1988 | 48.74 USD | +11.0% |
| 1989 | 40.92 USD | -16.0% |
| 1990 | 40.4 USD | -1.3% |
| 1991 | 39.36 USD | -2.6% |
| 1992 | 27.98 USD | -28.9% |
| 1993 | 38.41 USD | +37.3% |
| 1994 | 43.49 USD | +13.2% |
| 1995 | 49.21 USD | +13.1% |
| 1996 | 48.34 USD | -1.8% |
| 1997 | 49.86 USD | +3.1% |
| 1998 | 49.33 USD | -1.1% |
| 1999 | 45.82 USD | -7.1% |
| 2000 | 45.86 USD | +0.1% |
| 2001 | 47.73 USD | +4.1% |
| 2002 | 44.31 USD | -7.2% |
| 2003 | 55.79 USD | +25.9% |
| 2004 | 66.02 USD | +18.3% |
| 2005 | 77.2 USD | +16.9% |
| 2006 | 90.33 USD | +17.0% |
| 2007 | 99.97 USD | +10.7% |
| 2008 | 115.39 USD | +15.4% |
| 2009 | 92.58 USD | -19.8% |
| 2010 | 93.98 USD | +1.5% |
| 2011 | 98.58 USD | +4.9% |
| 2012 | 104.78 USD | +6.3% |
| 2013 | 111.47 USD | +6.4% |
| 2014 | 115.76 USD | +3.8% |
| 2015 | 100 USD | -13.6% |
| 2016 | 78.72 USD | -21.3% |
| 2017 | 73.78 USD | -6.3% |
| 2018 | 89.52 USD | +21.3% |
| 2019 | 119.37 USD | +33.3% |
| 2020 | 122.26 USD | +2.4% |
| 2021 | 139.31 USD | +13.9% |
| 2022 | 136.93 USD | -1.7% |
| 2023 | 120.47 USD | -12.0% |
Nigeria compared with similar countries
- Nigeria's 120.47 USD is above the median for lower middle income countries, which is 110.13 USD, 1.1× the median. (41 countries reporting)
- Nigeria's 120.47 USD is above the median for Sub-Saharan Africa, which is 113.86 USD, 1.1× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 74.96 USD | 40.06 USD | 111.11 USD | 10 |
| 1980s | 113.19 USD | 40.92 USD | 184.6 USD | 10 |
| 1990s | 43.22 USD | 27.98 USD | 49.86 USD | 10 |
| 2000s | 73.52 USD | 44.31 USD | 115.39 USD | 10 |
| 2010s | 98.59 USD | 73.78 USD | 119.37 USD | 10 |
| 2020s | 129.74 USD | 120.47 USD | 139.31 USD | 4 |
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 value added deflator (manufacturing) — value us$, 2015 prices in Nigeria?
- Value added deflator (manufacturing) — value us$, 2015 prices in Nigeria was 120.47 USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added deflator (manufacturing) — value us$, 2015 prices recorded in Nigeria?
- The highest recorded value was 184.6 USD in 1983.
- What is the lowest value added deflator (manufacturing) — value us$, 2015 prices recorded in Nigeria?
- The lowest recorded value was 27.98 USD in 1992.
- How does Nigeria rank for value added deflator (manufacturing) — value us$, 2015 prices?
- Nigeria ranks 88th out of 222 countries with data for 2023.
- Is value added deflator (manufacturing) — value us$, 2015 prices rising or falling in Nigeria?
- Over the last ten years it is up 8.1%. The long-run trend across the full record is rising.
- 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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).