Price level index in Nigeria
Nigeria: Price level index was 12.84 GDP in 2025. ▼ Falling
Price level index in Nigeria, 1990–2025
Source: World Development Indicators, World Bank (WB). Measured in GDP.
Analysis
Nigeria recorded 12.84 GDP for price level index in 2025.
The figure is up 7.8% on the previous year and down 74.2% over ten years.
Over the whole period, price level index in Nigeria peaked at 86.09 GDP in 1998 and was at its lowest, 11.91 GDP, in 2024.
Nigeria ranks 203rd of 203 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 36 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 48.01 GDP | 22.85 GDP | 86.09 GDP | 10 |
| 2000s | 36.17 GDP | 24.44 GDP | 54.1 GDP | 10 |
| 2010s | 48.44 GDP | 37.55 GDP | 58.81 GDP | 10 |
| 2020s | 26.45 GDP | 11.91 GDP | 37.72 GDP | 6 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- DEC alternative conversion factor 1,518 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 35.23 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 23.20 billion current US$ (2025)
- Taxes less subsidies on products 10.36 trillion current LCU (2025)
- Taxes less subsidies on products 6.82 billion current US$ (2025)
- Net primary income (Net income from abroad) -13.80 trillion current LCU (2025)
- Net primary income (Net income from abroad) -9.09 billion current US$ (2025)
- GNI per capita 1.80 million current LCU (2025)
- GNI per capita, Atlas method 1,360 current US$ (2025)
- GNI 427.73 trillion current LCU (2025)
Frequently asked questions
- What is price level index in Nigeria?
- Price level index in Nigeria was 12.84 GDP 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 86.09 GDP in 1998.
- What is the lowest price level index recorded in Nigeria?
- The lowest recorded value was 11.91 GDP in 2024.
- How does Nigeria rank for price level index?
- Nigeria ranks 203rd out of 203 countries with data for 2025.
- Is price level index rising or falling in Nigeria?
- Over the last ten years it is down 74.2%. 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 (GDP). 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. At the level of GDP, the price level ratio provides a measure of the differences in the general price levels of countries.