GDP (current LCU), per unit of GDP in Nigeria
Nigeria: GDP (current LCU), per unit of GDP was 1,100 current LCU per US$ of GDP in 2024. ◆ Volatile
GDP (current LCU), per unit of GDP in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for gdp (current lcu), per unit of gdp in Nigeria is 1,100 current LCU per US$ of GDP, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 128.7% on the previous year and up 600.7% over ten years.
Over the whole period, gdp (current lcu), per unit of gdp in Nigeria peaked at 1,100 current LCU per US$ of GDP in 2024 and was at its lowest, 0.7143 current LCU per US$ of GDP, in 1970.
Nigeria ranks 25th of 211 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), per unit of GDP in Nigeria, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.7143 current LCU per US$ of GDP | — |
| 1971 | 1.13 current LCU per US$ of GDP | +58.2% |
| 1972 | 0.899 current LCU per US$ of GDP | -20.4% |
| 1973 | 0.808 current LCU per US$ of GDP | -10.1% |
| 1974 | 0.789 current LCU per US$ of GDP | -2.4% |
| 1975 | 0.826 current LCU per US$ of GDP | +4.7% |
| 1976 | 0.788 current LCU per US$ of GDP | -4.6% |
| 1977 | 0.932 current LCU per US$ of GDP | +18.3% |
| 1978 | 0.987 current LCU per US$ of GDP | +5.9% |
| 1979 | 0.908 current LCU per US$ of GDP | -8.0% |
| 1980 | 0.783 current LCU per US$ of GDP | -13.8% |
| 1981 | 0.847 current LCU per US$ of GDP | +8.2% |
| 1982 | 1.04 current LCU per US$ of GDP | +23.3% |
| 1983 | 1.64 current LCU per US$ of GDP | +56.6% |
| 1984 | 2.26 current LCU per US$ of GDP | +38.0% |
| 1985 | 2.55 current LCU per US$ of GDP | +12.8% |
| 1986 | 3.61 current LCU per US$ of GDP | +41.9% |
| 1987 | 4.64 current LCU per US$ of GDP | +28.5% |
| 1988 | 6.36 current LCU per US$ of GDP | +36.9% |
| 1989 | 9.43 current LCU per US$ of GDP | +48.3% |
| 1990 | 9.15 current LCU per US$ of GDP | -2.9% |
| 1991 | 9.91 current LCU per US$ of GDP | +8.3% |
| 1992 | 17.4 current LCU per US$ of GDP | +75.6% |
| 1993 | 22.16 current LCU per US$ of GDP | +27.3% |
| 1994 | 22 current LCU per US$ of GDP | -0.7% |
| 1995 | 22 current LCU per US$ of GDP | +0.0% |
| 1996 | 22 current LCU per US$ of GDP | +0.0% |
| 1997 | 22 current LCU per US$ of GDP | -0.0% |
| 1998 | 22 current LCU per US$ of GDP | +0.0% |
| 1999 | 92.69 current LCU per US$ of GDP | +321.3% |
| 2000 | 102.11 current LCU per US$ of GDP | +10.2% |
| 2001 | 111.95 current LCU per US$ of GDP | +9.6% |
| 2002 | 121 current LCU per US$ of GDP | +8.1% |
| 2003 | 129.44 current LCU per US$ of GDP | +7.0% |
| 2004 | 133.5 current LCU per US$ of GDP | +3.1% |
| 2005 | 131.62 current LCU per US$ of GDP | -1.4% |
| 2006 | 127.38 current LCU per US$ of GDP | -3.2% |
| 2007 | 124.62 current LCU per US$ of GDP | -2.2% |
| 2008 | 117.69 current LCU per US$ of GDP | -5.6% |
| 2009 | 147.32 current LCU per US$ of GDP | +25.2% |
| 2010 | 148.81 current LCU per US$ of GDP | +1.0% |
| 2011 | 152.33 current LCU per US$ of GDP | +2.4% |
| 2012 | 155.94 current LCU per US$ of GDP | +2.4% |
| 2013 | 155.75 current LCU per US$ of GDP | -0.1% |
| 2014 | 156.98 current LCU per US$ of GDP | +0.8% |
| 2015 | 193.05 current LCU per US$ of GDP | +23.0% |
| 2016 | 253.49 current LCU per US$ of GDP | +31.3% |
| 2017 | 305.79 current LCU per US$ of GDP | +20.6% |
| 2018 | 306.08 current LCU per US$ of GDP | +0.1% |
| 2019 | 217.95 current LCU per US$ of GDP | -28.8% |
| 2020 | 257.69 current LCU per US$ of GDP | +18.2% |
| 2021 | 289.05 current LCU per US$ of GDP | +12.2% |
| 2022 | 312.8 current LCU per US$ of GDP | +8.2% |
| 2023 | 480.98 current LCU per US$ of GDP | +53.8% |
| 2024 | 1,100 current LCU per US$ of GDP | +128.7% |
Nigeria compared with similar countries
- Nigeria's 1,100 current LCU per US$ of GDP is above the median for lower middle income countries, which is 88.02 current LCU per US$ of GDP, 12.5× the median. (47 countries reporting)
- Nigeria's 1,100 current LCU per US$ of GDP is above the median for Sub-Saharan Africa, which is 583.96 current LCU per US$ of GDP, 1.9× the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP (current 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 | +321.3% | 22 current LCU per US$ of GDP | 92.69 current LCU per US$ of GDP |
| 2024 | +128.7% | 480.98 current LCU per US$ of GDP | 1,100 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8781 current LCU per US$ of GDP | 0.7143 current LCU per US$ of GDP | 1.13 current LCU per US$ of GDP | 10 |
| 1980s | 3.32 current LCU per US$ of GDP | 0.783 current LCU per US$ of GDP | 9.43 current LCU per US$ of GDP | 10 |
| 1990s | 26.13 current LCU per US$ of GDP | 9.15 current LCU per US$ of GDP | 92.69 current LCU per US$ of GDP | 10 |
| 2000s | 124.66 current LCU per US$ of GDP | 102.11 current LCU per US$ of GDP | 147.32 current LCU per US$ of GDP | 10 |
| 2010s | 204.62 current LCU per US$ of GDP | 148.81 current LCU per US$ of GDP | 306.08 current LCU per US$ of GDP | 10 |
| 2020s | 488.11 current LCU per US$ of GDP | 257.69 current LCU per US$ of GDP | 1,100 current LCU per US$ of GDP | 5 |
Countries ranked near Nigeria
- 22 South Korea 1,363 current LCU per US$ of GDP compare
- 23 Iraq 1,300 current LCU per US$ of GDP compare
- 24 Rwanda 1,243 current LCU per US$ of GDP compare
- 26 Chile 946.46 current LCU per US$ of GDP compare
- 27 Argentina 907.39 current LCU per US$ of GDP compare
- 28 Angola 786.98 current 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 (current lcu), per unit of gdp in Nigeria?
- Gdp (current lcu), per unit of gdp in Nigeria was 1,100 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), per unit of gdp recorded in Nigeria?
- The highest recorded value was 1,100 current LCU per US$ of GDP in 2024.
- What is the lowest gdp (current lcu), per unit of gdp recorded in Nigeria?
- The lowest recorded value was 0.7143 current LCU per US$ of GDP in 1970.
- How does Nigeria rank for gdp (current lcu), per unit of gdp?
- Nigeria ranks 25th out of 211 countries with data for 2024.
- Is gdp (current lcu), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 600.7%. 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 (current 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (current LCU) ÷ GDP (current US$)
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 (current 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.