Income share held by highest 20% in Nigeria
Nigeria: Income share held by highest 20% was 41.6% in 2022. ▼ Falling
Income share held by highest 20% in Nigeria, 1985–2022
Source: World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ.
Analysis
Nigeria recorded 41.6% for income share held by highest 20% in 2022. That is the lowest value across all 9 years on record.
That represents a change of down 2.8% over ten years.
Over the whole period, income share held by highest 20% in Nigeria peaked at 56.5% in 1996 and was at its lowest, 41.6%, in 2022.
Nigeria ranks 61st of 121 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 45.0% | 45.0% | 45.0% | 1 |
| 1990s | 52.9% | 49.3% | 56.5% | 2 |
| 2000s | 46.0% | 46.0% | 46.0% | 1 |
| 2010s | 42.8% | 42.4% | 43.1% | 4 |
| 2020s | 41.6% | 41.6% | 41.6% | 1 |
Countries ranked near Nigeria
More poverty & inequality data for Nigeria
- Poverty headcount ratio at $8.30 a day (2021 PPP) 92.9% (2022)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 64.0% (2022)
- Poverty headcount ratio at $3.00 a day (2021 PPP) 41.8% (2022)
- Poverty gap at $3.00 a day (2021 PPP) 13.0% (2022)
- Prosperity gap 9.8 average shortfall from a prosperity standard of $28/day (2022)
- Poverty gap at $8.30 a day (2021 PPP) 53.2% (2022)
- Poverty headcount ratio at societal poverty line 41.8% (2022)
- Poverty gap at $4.20 a day (2021 PPP) 24.6% (2022)
- Population living in slums 48.5% (2022)
- Income share held by second 20% 12.0% (2022)
Frequently asked questions
- What is income share held by highest 20% in Nigeria?
- Income share held by highest 20% in Nigeria was 41.6% in 2022, according to World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ.
- What is the highest income share held by highest 20% recorded in Nigeria?
- The highest recorded value was 56.5% in 1996.
- What is the lowest income share held by highest 20% recorded in Nigeria?
- The lowest recorded value was 41.6% in 2022.
- How does Nigeria rank for income share held by highest 20%?
- Nigeria ranks 61st out of 121 countries with data for 2022.
- Is income share held by highest 20% rising or falling in Nigeria?
- Over the last ten years it is down 2.8%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ, published as part of Income share held by highest 20%. Statizoid updates them automatically from the source API.
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About this data
Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.