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$, 2015 prices in Nigeria peaked at 184.6 USD in 1983 and was at its lowest, 27.98 USD, in 1992.
Nigeria ranks 79th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added Deflator (Manufacturing) — Value US$, 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
- 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is value added deflator (manufacturing) — value us$, 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 79th out of 203 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).