South Korea vs Nigeria: DEC alternative conversion factor
South Korea
1,363 LCU per US$
in 2024
Nigeria
1,478 LCU per US$
in 2024
South Korea rank
24th
Nigeria rank
23rd
DEC alternative conversion factor over time
- South Korea
- Nigeria
How they compare
Nigeria currently reports 1,478 LCU per US$ against 1,363 LCU per US$ in South Korea, a difference of 115 LCU per US$.
That makes Nigeria's figure about 1.1 times South Korea's.
The two have swapped places 1 time across 55 shared years of data; in 1970 it was South Korea ahead.
South Korea ranks 24th and Nigeria ranks 23rd of 209 countries.
South Korea has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | South Korea | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 427.34 LCU per US$ | 0.8781 LCU per US$ | 426.46 LCU per US$ | South Korea |
| 1980s | 757.82 LCU per US$ | 3.32 LCU per US$ | 754.51 LCU per US$ | South Korea |
| 1990s | 894.52 LCU per US$ | 26.13 LCU per US$ | 868.38 LCU per US$ | South Korea |
| 2000s | 1,130 LCU per US$ | 124.66 LCU per US$ | 1,005 LCU per US$ | South Korea |
| 2010s | 1,123 LCU per US$ | 213.51 LCU per US$ | 909.24 LCU per US$ | South Korea |
| 2020s | 1,257 LCU per US$ | 660.48 LCU per US$ | 596.46 LCU per US$ | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher dec alternative conversion factor, South Korea or Nigeria?
- Nigeria, at 1,478 LCU per US$ against 1,363 LCU per US$ in South Korea as of 2024.
- What is the difference in dec alternative conversion factor between South Korea and Nigeria?
- 115 LCU per US$, with Nigeria ahead.
- How many years of comparable data are there for South Korea and Nigeria?
- 55 years are reported by both, from 1970 to 2024.
- How do South Korea and Nigeria rank globally for dec alternative conversion factor?
- South Korea ranks 24th and Nigeria ranks 23rd of 209 countries.
- Where does this data come from?
- UNESCO Institute for Statistics, published as DEC alternative conversion factor (LCU per US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
February 2026 Data Release