GDP (constant LCU), per unit of GDP in Nigeria
Nigeria: GDP (constant LCU), per unit of GDP was 319.54 constant LCU per US$ of GDP in 2024. ◆ Volatile
GDP (constant LCU), per unit of GDP in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Nigeria recorded 319.54 constant LCU per US$ of GDP for gdp (constant lcu), per unit of gdp in 2024.
That represents a change of up 99.8% on the previous year and up 169.9% over ten years.
Over the whole period, gdp (constant lcu), per unit of gdp in Nigeria peaked at 1,780 constant LCU per US$ of GDP in 1971 and was at its lowest, 107.89 constant LCU per US$ of GDP, in 2019.
That places Nigeria 36th out of 211 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.
GDP (constant LCU), per unit of GDP in Nigeria, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 1,140 constant LCU per US$ of GDP | — |
| 1971 | 1,780 constant LCU per US$ of GDP | +56.1% |
| 1972 | 1,376 constant LCU per US$ of GDP | -22.7% |
| 1973 | 1,174 constant LCU per US$ of GDP | -14.7% |
| 1974 | 796.52 constant LCU per US$ of GDP | -32.2% |
| 1975 | 675.2 constant LCU per US$ of GDP | -15.2% |
| 1976 | 563.28 constant LCU per US$ of GDP | -16.6% |
| 1977 | 601.75 constant LCU per US$ of GDP | +6.8% |
| 1978 | 559.42 constant LCU per US$ of GDP | -7.0% |
| 1979 | 461.61 constant LCU per US$ of GDP | -17.5% |
| 1980 | 354.08 constant LCU per US$ of GDP | -23.3% |
| 1981 | 120.07 constant LCU per US$ of GDP | -66.1% |
| 1982 | 128.91 constant LCU per US$ of GDP | +7.4% |
| 1983 | 168.85 constant LCU per US$ of GDP | +31.0% |
| 1984 | 220.61 constant LCU per US$ of GDP | +30.7% |
| 1985 | 232.83 constant LCU per US$ of GDP | +5.5% |
| 1986 | 313.48 constant LCU per US$ of GDP | +34.6% |
| 1987 | 336.59 constant LCU per US$ of GDP | +7.4% |
| 1988 | 383.31 constant LCU per US$ of GDP | +13.9% |
| 1989 | 440.79 constant LCU per US$ of GDP | +15.0% |
| 1990 | 401.22 constant LCU per US$ of GDP | -9.0% |
| 1991 | 365.51 constant LCU per US$ of GDP | -8.9% |
| 1992 | 437.31 constant LCU per US$ of GDP | +19.6% |
| 1993 | 393.19 constant LCU per US$ of GDP | -10.1% |
| 1994 | 272.36 constant LCU per US$ of GDP | -30.7% |
| 1995 | 155.28 constant LCU per US$ of GDP | -43.0% |
| 1996 | 122.76 constant LCU per US$ of GDP | -20.9% |
| 1997 | 116.85 constant LCU per US$ of GDP | -4.8% |
| 1998 | 110.23 constant LCU per US$ of GDP | -5.7% |
| 1999 | 409.43 constant LCU per US$ of GDP | +271.4% |
| 2000 | 367.64 constant LCU per US$ of GDP | -10.2% |
| 2001 | 366.18 constant LCU per US$ of GDP | -0.4% |
| 2002 | 326.81 constant LCU per US$ of GDP | -10.8% |
| 2003 | 318.38 constant LCU per US$ of GDP | -2.6% |
| 2004 | 268.34 constant LCU per US$ of GDP | -15.7% |
| 2005 | 220.74 constant LCU per US$ of GDP | -17.7% |
| 2006 | 172.47 constant LCU per US$ of GDP | -21.9% |
| 2007 | 157.54 constant LCU per US$ of GDP | -8.7% |
| 2008 | 137.87 constant LCU per US$ of GDP | -12.5% |
| 2009 | 171.4 constant LCU per US$ of GDP | +24.3% |
| 2010 | 148.81 constant LCU per US$ of GDP | -13.2% |
| 2011 | 138.76 constant LCU per US$ of GDP | -6.8% |
| 2012 | 129.2 constant LCU per US$ of GDP | -6.9% |
| 2013 | 122.94 constant LCU per US$ of GDP | -4.8% |
| 2014 | 118.39 constant LCU per US$ of GDP | -3.7% |
| 2015 | 141.53 constant LCU per US$ of GDP | +19.5% |
| 2016 | 169.66 constant LCU per US$ of GDP | +19.9% |
| 2017 | 184.18 constant LCU per US$ of GDP | +8.6% |
| 2018 | 167.25 constant LCU per US$ of GDP | -9.2% |
| 2019 | 107.89 constant LCU per US$ of GDP | -35.5% |
| 2020 | 118.28 constant LCU per US$ of GDP | +9.6% |
| 2021 | 120.47 constant LCU per US$ of GDP | +1.9% |
| 2022 | 117.12 constant LCU per US$ of GDP | -2.8% |
| 2023 | 159.91 constant LCU per US$ of GDP | +36.5% |
| 2024 | 319.54 constant LCU per US$ of GDP | +99.8% |
Nigeria compared with similar countries
- Nigeria's 319.54 constant LCU per US$ of GDP is above the median for lower middle income countries, which is 45.69 constant LCU per US$ of GDP, 7.0× the median. (47 countries reporting)
- Nigeria's 319.54 constant LCU per US$ of GDP is above the median for Sub-Saharan Africa, which is 259.22 constant LCU per US$ of GDP, 1.2× the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), per unit of GDP 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 | +271.4% | 110.23 constant LCU per US$ of GDP | 409.43 constant LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 912.84 constant LCU per US$ of GDP | 461.61 constant LCU per US$ of GDP | 1,780 constant LCU per US$ of GDP | 10 |
| 1980s | 269.95 constant LCU per US$ of GDP | 120.07 constant LCU per US$ of GDP | 440.79 constant LCU per US$ of GDP | 10 |
| 1990s | 278.41 constant LCU per US$ of GDP | 110.23 constant LCU per US$ of GDP | 437.31 constant LCU per US$ of GDP | 10 |
| 2000s | 250.74 constant LCU per US$ of GDP | 137.87 constant LCU per US$ of GDP | 367.64 constant LCU per US$ of GDP | 10 |
| 2010s | 142.86 constant LCU per US$ of GDP | 107.89 constant LCU per US$ of GDP | 184.18 constant LCU per US$ of GDP | 10 |
| 2020s | 167.06 constant LCU per US$ of GDP | 117.12 constant LCU per US$ of GDP | 319.54 constant LCU per US$ of GDP | 5 |
Countries ranked near Nigeria
- 33 Costa Rica 442.07 constant LCU per US$ of GDP compare
- 34 Comoros 366.38 constant LCU per US$ of GDP compare
- 35 Equatorial Guinea 364.37 constant LCU per US$ of GDP compare
- 37 Congo 299.92 constant LCU per US$ of GDP compare
- 38 Gabon 298.98 constant LCU per US$ of GDP compare
- 39 Central African Republic 290.45 constant LCU per US$ of GDP compare
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)
- World population growth 0.0% (2100)
- Population density 523.46 people per km² (2100)
- Number of children under 5, by world region 32.05 million people (2100)
Frequently asked questions
- What is gdp (constant lcu), per unit of gdp in Nigeria?
- Gdp (constant lcu), per unit of gdp in Nigeria was 319.54 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gdp (constant lcu), per unit of gdp recorded in Nigeria?
- The highest recorded value was 1,780 constant LCU per US$ of GDP in 1971.
- What is the lowest gdp (constant lcu), per unit of gdp recorded in Nigeria?
- The lowest recorded value was 107.89 constant LCU per US$ of GDP in 2019.
- How does Nigeria rank for gdp (constant lcu), per unit of gdp?
- Nigeria ranks 36th out of 211 countries with data for 2024.
- Is gdp (constant lcu), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 169.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GDP (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (constant LCU) ÷ GDP (current US$)
Computed from
- GDP UNESCO Institute for Statistics
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.