Nigeria PPP Conversion Factor
PPP conversion factor, GDP PA.NUS.PPP
Nigeria's ppp conversion factor was 181.28 in 2025, ranked 45th globally. This represents a 2.8% increase from 2024. Data from World Bank, covering 1990–2025.
Overview
Nigeria's ppp conversion factor stood at 181.28 in 2025, a rise of +4.95 from 2024. Based on recent trends, this figure is projected to reach 181.28 by 2025. Nigeria ranked 45th globally.
Nigeria’s purchasing power parity (PPP) conversion factor has risen dramatically over the 36‑year series, moving from a trough of 2.56 in 1990 to an all‑time peak of 181.28 in 2025, placing the country at rank 45 globally. This surge reflects the combined effect of sustained inflation, currency devaluation and structural adjustments that have altered the relative price level of goods and services compared with the United States dollar. The 2025 figure of 181.28 is closely aligned with peers such as Hungary (184.48) and Kazakhstan (172.14), suggesting that Nigeria now shares a similar position in the global PPP hierarchy despite very different economic structures. The long‑term upward trajectory has been punctuated by periods of volatility, yet the consistent rise indicates that domestic price growth has outpaced nominal exchange‑rate movements. Future changes in monetary policy, diversification away from oil‑dependent revenues, and improvements in productivity could moderate the pace of PPP conversion factor growth, potentially stabilising Nigeria’s relative price level in the coming decade.
Data & projection
| Year | PPP Conversion Factor | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 200.27 | - | - |
| 2026* trend | 190.77 | - | - |
| 2025* trend | 181.28 | - | - |
| 2025 | 181.28 | +4.95 | #45 |
| 2024 | 176.33 | +18.04 | #147 |
| 2023 | 158.29 | +10.32 | #154 |
| 2022 | 147.97 | +1.26 | #154 |
| 2021 | 146.72 | +12.08 | #157 |
| 2020 | 134.64 | +4.99 | #155 |
| 2019 | 129.65 | +5.73 | #156 |
| 2018 | 123.91 | +9.09 | #155 |
| 2017 | 114.82 | +10.32 | #157 |
| 2016 | 104.50 | +8.31 | #154 |
| 2015 | 96.19 | +3.87 | #153 |
| 2014 | 92.32 | +2.36 | #153 |
| 2013 | 89.96 | +3.28 | #154 |
| 2012 | 86.68 | +7.91 | #154 |
| 2011 | 78.78 | +5.54 | #155 |
Detected Pattern
Analysis
Nigeria matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw ppp conversion factor improve within 24 months. View full analysis →
Frequently Asked Questions
Nigeria's ppp conversion factor was 181.28 in 2025. Ranked 45th globally. This represents a 2.8% increase from the previous year.
Nigeria's ppp conversion factor peaked at 181.28 in 2025.
The lowest ppp conversion factor in Nigeria was 2.56 in 1990.
Nigeria ranks 45th globally in ppp conversion factor as of 2025.
The World Bank indicator code is PA.NUS.PPP. Data sourced from World Bank.
Nigeria's ppp conversion factor is projected to reach 181.28 by 2025 based on trend extrapolation.
The ppp conversion factor of Nigeria in 2025 was 181.28. This ranks 45th in the world.
Cite this page
@misc{historysaid_nigeria_ppp-conversion-factor,
title = {Nigeria PPP Conversion Factor},
url = {https://historysaid.com/nigeria/ppp-conversion-factor/},
publisher = {HistorySaid},
year = {2026}
}