DEC alternative conversion factor (LCU per US$) (UNESCO Institute) in Nigeria
Nigeria: DEC alternative conversion factor (LCU per US$) (UNESCO Institute) was 1,478 LCU per US$ in 2024. ◆ Volatile
DEC alternative conversion factor in Nigeria, 1970–2024
Source: UNESCO Institute for Statistics. Measured in LCU per US$.
Analysis
The most recent figure for dec alternative conversion factor in Nigeria is 1,478 LCU per US$, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 129.4% on the previous year and up 841.5% over ten years.
Over the whole period, dec alternative conversion factor in Nigeria peaked at 1,478 LCU per US$ in 2024 and was at its lowest, 0.7143 LCU per US$, in 1970.
That places Nigeria 23rd out of 212 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
DEC alternative conversion factor (LCU per US$) (UNESCO Institute) in Nigeria, year by year
| Year | LCU per US$ | Change |
|---|---|---|
| 1970 | 0.7143 LCU per US$ | — |
| 1971 | 1.13 LCU per US$ | +58.2% |
| 1972 | 0.899 LCU per US$ | -20.4% |
| 1973 | 0.808 LCU per US$ | -10.1% |
| 1974 | 0.789 LCU per US$ | -2.4% |
| 1975 | 0.826 LCU per US$ | +4.7% |
| 1976 | 0.788 LCU per US$ | -4.6% |
| 1977 | 0.932 LCU per US$ | +18.3% |
| 1978 | 0.987 LCU per US$ | +5.9% |
| 1979 | 0.908 LCU per US$ | -8.0% |
| 1980 | 0.783 LCU per US$ | -13.8% |
| 1981 | 0.847 LCU per US$ | +8.2% |
| 1982 | 1.04 LCU per US$ | +23.3% |
| 1983 | 1.64 LCU per US$ | +56.6% |
| 1984 | 2.26 LCU per US$ | +38.0% |
| 1985 | 2.55 LCU per US$ | +12.8% |
| 1986 | 3.62 LCU per US$ | +41.9% |
| 1987 | 4.64 LCU per US$ | +28.5% |
| 1988 | 6.36 LCU per US$ | +36.9% |
| 1989 | 9.43 LCU per US$ | +48.3% |
| 1990 | 9.15 LCU per US$ | -2.9% |
| 1991 | 9.91 LCU per US$ | +8.3% |
| 1992 | 17.4 LCU per US$ | +75.6% |
| 1993 | 22.16 LCU per US$ | +27.3% |
| 1994 | 22 LCU per US$ | -0.7% |
| 1995 | 22 LCU per US$ | +0.0% |
| 1996 | 22 LCU per US$ | +0.0% |
| 1997 | 22 LCU per US$ | +0.0% |
| 1998 | 22 LCU per US$ | +0.0% |
| 1999 | 92.69 LCU per US$ | +321.3% |
| 2000 | 102.11 LCU per US$ | +10.2% |
| 2001 | 111.95 LCU per US$ | +9.6% |
| 2002 | 121 LCU per US$ | +8.1% |
| 2003 | 129.44 LCU per US$ | +7.0% |
| 2004 | 133.5 LCU per US$ | +3.1% |
| 2005 | 131.62 LCU per US$ | -1.4% |
| 2006 | 127.38 LCU per US$ | -3.2% |
| 2007 | 124.62 LCU per US$ | -2.2% |
| 2008 | 117.69 LCU per US$ | -5.6% |
| 2009 | 147.32 LCU per US$ | +25.2% |
| 2010 | 148.81 LCU per US$ | +1.0% |
| 2011 | 152.33 LCU per US$ | +2.4% |
| 2012 | 155.94 LCU per US$ | +2.4% |
| 2013 | 155.75 LCU per US$ | -0.1% |
| 2014 | 156.98 LCU per US$ | +0.8% |
| 2015 | 193.05 LCU per US$ | +23.0% |
| 2016 | 253.49 LCU per US$ | +31.3% |
| 2017 | 305.79 LCU per US$ | +20.6% |
| 2018 | 306.08 LCU per US$ | +0.1% |
| 2019 | 306.92 LCU per US$ | +0.3% |
| 2020 | 356.9 LCU per US$ | +16.3% |
| 2021 | 399.42 LCU per US$ | +11.9% |
| 2022 | 423.89 LCU per US$ | +6.1% |
| 2023 | 644.3 LCU per US$ | +52.0% |
| 2024 | 1,478 LCU per US$ | +129.4% |
Nigeria compared with similar countries
- Nigeria's 1,478 LCU per US$ is above the median for lower middle income countries, which is 87.15 LCU per US$, 17.0× the median. (47 countries reporting)
- Nigeria's 1,478 LCU per US$ is above the median for Sub-Saharan Africa, which is 606.35 LCU per US$, 2.4× the median. (48 countries reporting)
Biggest year-on-year movements
Years where DEC alternative conversion factor (LCU per US$) (UNESCO Institute) in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +321.3% | 22 LCU per US$ | 92.69 LCU per US$ |
| 2024 | +129.4% | 644.3 LCU per US$ | 1,478 LCU per US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8781 LCU per US$ | 0.7143 LCU per US$ | 1.13 LCU per US$ | 10 |
| 1980s | 3.32 LCU per US$ | 0.783 LCU per US$ | 9.43 LCU per US$ | 10 |
| 1990s | 26.13 LCU per US$ | 9.15 LCU per US$ | 92.69 LCU per US$ | 10 |
| 2000s | 124.66 LCU per US$ | 102.11 LCU per US$ | 147.32 LCU per US$ | 10 |
| 2010s | 213.51 LCU per US$ | 148.81 LCU per US$ | 306.92 LCU per US$ | 10 |
| 2020s | 660.48 LCU per US$ | 356.9 LCU per US$ | 1,478 LCU per US$ | 5 |
Countries ranked near Nigeria
More population data for Nigeria
- Population regions with projections, annual growth rate 0.0306 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -3.23 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.0306 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.1509 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 377,460 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 2.22 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.5063 % change on previous year (2100)
- Population growth rate 0.023 (2100)
- Population density 523.46 (2100)
- Projected population under age 5 32.05 million (2100)
Frequently asked questions
- What is dec alternative conversion factor in Nigeria?
- Dec alternative conversion factor in Nigeria was 1,478 LCU per US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest dec alternative conversion factor recorded in Nigeria?
- The highest recorded value was 1,478 LCU per US$ in 2024.
- What is the lowest dec alternative conversion factor recorded in Nigeria?
- The lowest recorded value was 0.7143 LCU per US$ in 1970.
- How does Nigeria rank for dec alternative conversion factor?
- Nigeria ranks 23rd out of 212 countries with data for 2024.
- Is dec alternative conversion factor rising or falling in Nigeria?
- Over the last ten years it is up 841.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from UNESCO Institute for Statistics, published as part of DEC alternative conversion factor (LCU per US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release