PPP conversion factor, private consumption (LCU per international $) in Nigeria
Nigeria: PPP conversion factor, private consumption (LCU per international $) was 265.54 LCU per international $ in 2024. ◆ Volatile
Latest (2024)
265.54 LCU per international $
Change on year
up 29.4%
World rank
29th
of 204 countries
All-time high
265.54 LCU per international $
in 2024
All-time low
3.13 LCU per international $
in 1990
Years of data
35
1990–2024
PPP conversion factor, private consumption in Nigeria, 1990–2024
Source: UNESCO Institute for Statistics. Measured in LCU per international $.
Analysis
The most recent figure for ppp conversion factor, private consumption in Nigeria is 265.54 LCU per international $, measured in 2024. That is the highest value across all 35 years on record.
That represents a change of up 29.4% on the previous year and up 181.6% over ten years.
Over the whole period, ppp conversion factor, private consumption in Nigeria peaked at 265.54 LCU per international $ in 2024 and was at its lowest, 3.13 LCU per international $, in 1990.
That places Nigeria 29th out of 204 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.
PPP conversion factor, private consumption (LCU per international $) in Nigeria, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 1990 | 3.13 LCU per international $ | — |
| 1991 | 3.4 LCU per international $ | +8.4% |
| 1992 | 4.77 LCU per international $ | +40.3% |
| 1993 | 7.28 LCU per international $ | +52.7% |
| 1994 | 11.14 LCU per international $ | +53.0% |
| 1995 | 18.73 LCU per international $ | +68.1% |
| 1996 | 23.52 LCU per international $ | +25.6% |
| 1997 | 24.95 LCU per international $ | +6.1% |
| 1998 | 27.02 LCU per international $ | +8.3% |
| 1999 | 28.19 LCU per international $ | +4.3% |
| 2000 | 29.16 LCU per international $ | +3.4% |
| 2001 | 33.71 LCU per international $ | +15.6% |
| 2002 | 37.46 LCU per international $ | +11.1% |
| 2003 | 41.77 LCU per international $ | +11.5% |
| 2004 | 46.78 LCU per international $ | +12.0% |
| 2005 | 53.33 LCU per international $ | +14.0% |
| 2006 | 55.91 LCU per international $ | +4.8% |
| 2007 | 57.29 LCU per international $ | +2.5% |
| 2008 | 61.56 LCU per international $ | +7.5% |
| 2009 | 69.52 LCU per international $ | +12.9% |
| 2010 | 77.8 LCU per international $ | +11.9% |
| 2011 | 83.58 LCU per international $ | +7.4% |
| 2012 | 87.49 LCU per international $ | +4.7% |
| 2013 | 91.81 LCU per international $ | +4.9% |
| 2014 | 94.28 LCU per international $ | +2.7% |
| 2015 | 97.4 LCU per international $ | +3.3% |
| 2016 | 104.82 LCU per international $ | +7.6% |
| 2017 | 115.95 LCU per international $ | +10.6% |
| 2018 | 124.54 LCU per international $ | +7.4% |
| 2019 | 132.44 LCU per international $ | +6.3% |
| 2020 | 142.75 LCU per international $ | +7.8% |
| 2021 | 155.72 LCU per international $ | +9.1% |
| 2022 | 171.36 LCU per international $ | +10.0% |
| 2023 | 205.17 LCU per international $ | +19.7% |
| 2024 | 265.54 LCU per international $ | +29.4% |
Nigeria compared with similar countries
- Nigeria's 265.54 LCU per international $ is above the median for lower middle income countries, which is 30.14 LCU per international $, 8.8× the median. (46 countries reporting)
- Nigeria's 265.54 LCU per international $ is above the median for Sub-Saharan Africa, which is 203.53 LCU per international $, 1.3× the median. (48 countries reporting)
Biggest year-on-year movements
Years where PPP conversion factor, private consumption (LCU per international $) 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 |
|---|---|---|---|
| 1995 | +68.1% | 11.14 LCU per international $ | 18.73 LCU per international $ |
| 1993 | +52.7% | 4.77 LCU per international $ | 7.28 LCU per international $ |
| 1994 | +53.0% | 7.28 LCU per international $ | 11.14 LCU per international $ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.21 LCU per international $ | 3.13 LCU per international $ | 28.19 LCU per international $ | 10 |
| 2000s | 48.65 LCU per international $ | 29.16 LCU per international $ | 69.52 LCU per international $ | 10 |
| 2010s | 101.01 LCU per international $ | 77.8 LCU per international $ | 132.44 LCU per international $ | 10 |
| 2020s | 188.11 LCU per international $ | 142.75 LCU per international $ | 265.54 LCU per international $ | 5 |
Countries ranked near Nigeria
- 26 Angola 311.19 LCU per international $ compare
- 27 Gabon 283.42 LCU per international $ compare
- 28 Equatorial Guinea 275.68 LCU per international $ compare
- 30 Central African Republic 263.37 LCU per international $ compare
- 31 Chad 238.09 LCU per international $ compare
- 32 Cote d'Ivoire 234.29 LCU per international $ 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 ppp conversion factor, private consumption in Nigeria?
- Ppp conversion factor, private consumption in Nigeria was 265.54 LCU per international $ in 2024, according to UNESCO Institute for Statistics.
- What is the highest ppp conversion factor, private consumption recorded in Nigeria?
- The highest recorded value was 265.54 LCU per international $ in 2024.
- What is the lowest ppp conversion factor, private consumption recorded in Nigeria?
- The lowest recorded value was 3.13 LCU per international $ in 1990.
- How does Nigeria rank for ppp conversion factor, private consumption?
- Nigeria ranks 29th out of 204 countries with data for 2024.
- Is ppp conversion factor, private consumption rising or falling in Nigeria?
- Over the last ten years it is up 181.6%. 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 PPP conversion factor, private consumption (LCU per international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release