GDP deflator (base year varies by country) (UNESCO Institute) in Nigeria
Nigeria: GDP deflator (base year varies by country) (UNESCO Institute) was 344.26 base year varies by country in 2024. ◆ Volatile
Latest (2024)
344.26 base year varies by country
Change on year
up 14.5%
World rank
29th
of 211 countries
All-time high
344.26 base year varies by country
in 2024
All-time low
0.0626 base year varies by country
in 1970
Years of data
55
1970–2024
GDP deflator in Nigeria, 1970–2024
Source: UNESCO Institute for Statistics. Measured in base year varies by country.
Analysis
Nigeria recorded 344.26 base year varies by country for gdp deflator in 2024. That is the highest value across all 55 years on record.
The figure is up 14.5% on the previous year and up 159.6% over ten years.
Over the whole period, gdp deflator in Nigeria peaked at 344.26 base year varies by country in 2024 and was at its lowest, 0.0626 base year varies by country, in 1970.
Nigeria ranks 29th 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 deflator (base year varies by country) (UNESCO Institute) in Nigeria, year by year
| Year | base year varies by country | Change |
|---|---|---|
| 1970 | 0.0626 base year varies by country | — |
| 1971 | 0.0635 base year varies by country | +1.4% |
| 1972 | 0.0653 base year varies by country | +2.9% |
| 1973 | 0.0688 base year varies by country | +5.3% |
| 1974 | 0.0991 base year varies by country | +44.0% |
| 1975 | 0.1223 base year varies by country | +23.5% |
| 1976 | 0.1399 base year varies by country | +14.3% |
| 1977 | 0.1549 base year varies by country | +10.7% |
| 1978 | 0.1764 base year varies by country | +13.9% |
| 1979 | 0.1967 base year varies by country | +11.5% |
| 1980 | 0.2211 base year varies by country | +12.4% |
| 1981 | 0.7054 base year varies by country | +219.0% |
| 1982 | 0.8098 base year varies by country | +14.8% |
| 1983 | 0.9683 base year varies by country | +19.6% |
| 1984 | 1.02 base year varies by country | +5.7% |
| 1985 | 1.09 base year varies by country | +6.9% |
| 1986 | 1.15 base year varies by country | +5.4% |
| 1987 | 1.38 base year varies by country | +19.7% |
| 1988 | 1.66 base year varies by country | +20.2% |
| 1989 | 2.14 base year varies by country | +29.0% |
| 1990 | 2.28 base year varies by country | +6.7% |
| 1991 | 2.71 base year varies by country | +18.9% |
| 1992 | 3.98 base year varies by country | +46.8% |
| 1993 | 5.64 base year varies by country | +41.6% |
| 1994 | 8.08 base year varies by country | +43.3% |
| 1995 | 14.17 base year varies by country | +75.4% |
| 1996 | 17.92 base year varies by country | +26.5% |
| 1997 | 18.83 base year varies by country | +5.1% |
| 1998 | 19.96 base year varies by country | +6.0% |
| 1999 | 22.64 base year varies by country | +13.4% |
| 2000 | 27.77 base year varies by country | +22.7% |
| 2001 | 30.57 base year varies by country | +10.1% |
| 2002 | 37.02 base year varies by country | +21.1% |
| 2003 | 40.65 base year varies by country | +9.8% |
| 2004 | 49.75 base year varies by country | +22.4% |
| 2005 | 59.63 base year varies by country | +19.9% |
| 2006 | 73.86 base year varies by country | +23.9% |
| 2007 | 79.1 base year varies by country | +7.1% |
| 2008 | 85.37 base year varies by country | +7.9% |
| 2009 | 85.95 base year varies by country | +0.7% |
| 2010 | 100 base year varies by country | +16.3% |
| 2011 | 109.78 base year varies by country | +9.8% |
| 2012 | 120.7 base year varies by country | +9.9% |
| 2013 | 126.69 base year varies by country | +5.0% |
| 2014 | 132.6 base year varies by country | +4.7% |
| 2015 | 136.4 base year varies by country | +2.9% |
| 2016 | 149.41 base year varies by country | +9.5% |
| 2017 | 166.03 base year varies by country | +11.1% |
| 2018 | 183.01 base year varies by country | +10.2% |
| 2019 | 202.01 base year varies by country | +10.4% |
| 2020 | 217.87 base year varies by country | +7.8% |
| 2021 | 239.94 base year varies by country | +10.1% |
| 2022 | 267.08 base year varies by country | +11.3% |
| 2023 | 300.79 base year varies by country | +12.6% |
| 2024 | 344.26 base year varies by country | +14.5% |
Nigeria compared with similar countries
- Nigeria's 344.26 base year varies by country is above the median for lower middle income countries, which is 176.13 base year varies by country, 2.0× the median. (47 countries reporting)
- Nigeria's 344.26 base year varies by country is above the median for Sub-Saharan Africa, which is 152.49 base year varies by country, 2.3× the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP deflator (base year varies by country) (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 |
|---|---|---|---|
| 1981 | +219.0% | 0.2211 base year varies by country | 0.7054 base year varies by country |
| 1995 | +75.4% | 8.08 base year varies by country | 14.17 base year varies by country |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.115 base year varies by country | 0.0626 base year varies by country | 0.1967 base year varies by country | 10 |
| 1980s | 1.12 base year varies by country | 0.2211 base year varies by country | 2.14 base year varies by country | 10 |
| 1990s | 11.62 base year varies by country | 2.28 base year varies by country | 22.64 base year varies by country | 10 |
| 2000s | 56.97 base year varies by country | 27.77 base year varies by country | 85.95 base year varies by country | 10 |
| 2010s | 142.66 base year varies by country | 100 base year varies by country | 202.01 base year varies by country | 10 |
| 2020s | 273.99 base year varies by country | 217.87 base year varies by country | 344.26 base year varies by country | 5 |
Countries ranked near Nigeria
- 26 Azerbaijan 377.99 base year varies by country compare
- 27 Honduras 364.42 base year varies by country compare
- 28 Romania 347.46 base year varies by country compare
- 30 Jamaica 343 base year varies by country compare
- 31 Nicaragua 341.4 base year varies by country compare
- 32 Madagascar 327.83 base year varies by country 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)
- 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 gdp deflator in Nigeria?
- Gdp deflator in Nigeria was 344.26 base year varies by country in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp deflator recorded in Nigeria?
- The highest recorded value was 344.26 base year varies by country in 2024.
- What is the lowest gdp deflator recorded in Nigeria?
- The lowest recorded value was 0.0626 base year varies by country in 1970.
- How does Nigeria rank for gdp deflator?
- Nigeria ranks 29th out of 211 countries with data for 2024.
- Is gdp deflator rising or falling in Nigeria?
- Over the last ten years it is up 159.6%. 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 GDP deflator (base year varies by country). Statizoid updates them automatically from the source API.
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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