GDP deflator in Nigeria

Nigeria: GDP deflator was 344.26 base year varies by country in 2024. β—† Volatile

Latest (2024)
344.26 base year varies by country
Change on year
up 14.5%
World rank
29th
of 208 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

0100200300197019972024

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 208 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest 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

  1. 26 Azerbaijan 377.99 base year varies by country compare
  2. 27 Honduras 364.42 base year varies by country compare
  3. 28 Romania 347.46 base year varies by country compare
  4. 30 Jamaica 343 base year varies by country compare
  5. 31 Nicaragua 341.4 base year varies by country compare
  6. 32 Madagascar 327.83 base year varies by country compare

See the full ranking of 211 places β†’

More population data for Nigeria

All data for Nigeria β†’

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 208 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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GDP deflator in Nigeria. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/stat/gdp-deflator-base-year-varies-by-country-2/nigeria/

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About this data

Indicator
GDP deflator (base year varies by country)
Unit
base year varies by country
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
211 places, 10,200 data points, 1970–2024
Last refreshed

February 2026 Data Release