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Nigeria - PPP Conversion Factor 2021

Name: Nigeria PPP Conversion Factor 2021
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

PPP conversion factor, GDP · World Bank

146.72 +12.08 from 2020 Global rank: 157th

Nigeria's ppp conversion factor was 146.72 in 2021, increased +12.08 from 134.64 in 2020. This was the 157th highest globally.

Global Ranking - 2021▾

PPP Conversion Factor by Country - 2021
Rank	Country	Value	YoY
1st	Zimbabwe	0.02	92.7%
2nd	Bahrain	0.19	8.4%
3rd	Oman	0.19	5.0%
4th	Kuwait	0.20	8.7%
5th	Jordan	0.32	8.5%
6th	Montenegro	0.33	3.7%
7th	Kosovo	0.36	0.4%
8th	Timor-Leste	0.39	47.9%
9th	Croatia	0.41	-0.7%
10th	El Salvador	0.43	0.9%
11th	Liberia	0.43	16.8%
12th	Lithuania	0.44	1.5%
13th	Ecuador	0.45	-5.3%
14th	Azerbaijan	0.46	-3.6%
15th	Latvia	0.46	-1.2%
16th	Slovak Republic	0.49	-0.2%
17th	Panama	0.50	1.9%
18th	Greece	0.52	-1.8%
19th	Brunei Darussalam	0.53	0.4%
20th	Estonia	0.53	3.7%
21st	Slovenia	0.54	1.0%
22nd	Portugal	0.54	-0.4%
23rd	Malta	0.57	1.6%
24th	Cyprus	0.58	1.1%
25th	Spain	0.59	-2.9%
26th	Andorra	0.60	-3.7%
27th	Italy	0.63	-1.1%
28th	West Bank and Gaza	0.65	19.7%
29th	Bosnia and Herzegovina	0.66	2.6%
30th	United Kingdom	0.67	2.4%
31st	Belarus	0.69	7.3%
32nd	Bulgaria	0.69	2.6%
33rd	France	0.70	1.6%
34th	Germany	0.71	0.0%
35th	San Marino	0.71	0.4%
36th	Belgium	0.72	0.5%
37th	Austria	0.72	-1.2%
38th	Netherlands	0.74	-0.8%
39th	Ireland	0.75	-3.0%
40th	Finland	0.79	-1.4%
41st	Puerto Rico (US)	0.80	-5.7%
42nd	Singapore	0.81	-2.8%
43rd	Palau	0.82	-2.5%
44th	Luxembourg	0.83	-0.5%
45th	Georgia	0.87	8.7%
46th	Tunisia	0.88	4.8%
47th	Micronesia, Federated States of	0.89	-2.6%
48th	Virgin Islands (US)	0.91	-4.7%
49th	Fiji	0.91	-2.7%
50th	Marshall Islands	0.93	1.1%
51st	Cayman Islands	0.97	-6.4%
52nd	Bahamas, The	0.98	1.6%
53rd	Kiribati	0.98	4.3%
54th	United States	1.00	0.0%
55th	Belize	1.05	-3.5%
56th	Switzerland	1.06	-4.3%
57th	Turks and Caicos Islands	1.09	3.0%
58th	Canada	1.16	-3.2%
59th	Bermuda	1.22	-2.8%
60th	Curaçao	1.28	-4.8%
61st	Aruba	1.36	-3.4%
62nd	Australia	1.40	-2.5%
63rd	Dominica	1.43	-3.6%
64th	Sint Maarten (Dutch part)	1.44	3.7%
65th	St. Vincent and the Grenadines	1.44	-2.0%
66th	New Zealand	1.46	2.9%
67th	Tuvalu	1.47	4.0%
68th	St. Lucia	1.48	-2.9%
69th	Turkmenistan	1.50	-1.8%
70th	Malaysia	1.51	-0.6%
71st	Tonga	1.62	-2.4%
72nd	Samoa	1.63	-5.0%
73rd	Romania	1.65	2.3%
74th	Nauru	1.66	12.1%
75th	Grenada	1.70	0.7%
76th	Peru	1.73	1.6%
77th	Poland	1.75	3.2%
78th	Libya	1.76	109.1%
79th	Antigua and Barbuda	1.82	-1.9%
80th	St. Kitts and Nevis	1.84	-1.1%
81st	Saudi Arabia	1.91	-0.6%
82nd	Ghana	2.15	5.7%
83rd	Qatar	2.24	-2.4%
84th	Papua New Guinea	2.30	6.7%
85th	United Arab Emirates	2.36	13.1%
86th	Brazil	2.38	5.0%
87th	Barbados	2.38	2.8%
88th	Bolivia, Plurinational State of	2.47	-4.2%
89th	Tajikistan	2.54	8.0%
90th	Türkiye	2.75	30.3%
91st	Guatemala	3.21	1.7%
92nd	Sierra Leone	3.24	6.2%
93rd	Israel	3.66	-2.4%
94th	Egypt, Arab Republic of	3.85	4.3%
95th	Trinidad and Tobago	3.93	1.7%
96th	Morocco	3.95	-2.0%
97th	China	3.99	-0.7%
98th	Botswana	4.82	1.7%
99th	Macao SAR, China	4.90	-5.1%
100th	Eritrea	4.94	-1.5%
101st	Greenland	5.27	-4.4%
102nd	Suriname	5.37	43.9%
103rd	Hong Kong SAR, China	5.87	-4.5%
104th	Eswatini	5.90	-3.7%
105th	Moldova	5.95	6.1%
106th	Lesotho	6.19	4.8%
107th	Denmark	6.29	-1.2%
108th	Faroe Islands	6.38	-3.4%
109th	Zambia	6.44	16.5%
110th	Solomon Islands	6.70	-4.9%
111th	Namibia	6.72	-1.6%
112th	Ukraine	7.30	13.5%
113th	South Africa	7.38	1.8%
114th	Maldives	8.21	-3.1%
115th	Sweden	8.36	-0.9%
116th	Seychelles	8.46	6.2%
117th	São Tomé and Principe	8.60	-5.8%
118th	Norway	8.98	-6.3%
119th	Mexico	10.06	2.5%
120th	Nicaragua	10.56	-0.4%
121st	Honduras	10.59	0.5%
122nd	Thailand	11.15	-2.3%
123rd	Mauritania	12.04	3.5%
124th	Czechia	12.56	3.4%
125th	Afghanistan	14.59	-4.9%
126th	Gambia, The	14.74	0.6%
127th	Mauritius	16.63	0.0%
128th	North Macedonia	17.93	-0.7%
129th	Philippines	19.38	-0.3%
130th	Bhutan	19.61	3.4%
131st	Kyrgyz Republic	19.92	8.5%
132nd	India	20.73	2.0%
133rd	Dominican Republic	22.12	4.2%
134th	Mozambique	22.91	0.7%
135th	Russian Federation	23.69	2.3%
136th	Uruguay	26.46	2.8%
137th	Bangladesh	28.30	-1.4%
138th	Nepal	32.48	2.5%
139th	Algeria	38.76	3.5%
140th	Argentina	38.78	44.2%
141st	Serbia	41.11	3.4%
142nd	Albania	41.17	2.4%
143rd	Kenya	42.33	-1.1%
144th	Pakistan	43.44	8.4%
145th	Haiti	47.50	14.3%
146th	Cabo Verde	48.17	-3.6%
147th	Sri Lanka	55.53	0.7%
148th	Jamaica	81.33	5.2%
149th	Sudan	85.72	230.3%
150th	Guyana	89.92	7.0%
151st	Djibouti	90.23	-1.4%
152nd	Japan	99.21	-1.5%
153rd	Vanuatu	108.45	-3.7%
154th	South Sudan	126.74	240.8%
155th	Kazakhstan	129.06	3.4%
156th	Iceland	142.59	-0.5%
157th	Nigeria	146.72	9.0%
158th	Armenia	148.24	4.4%
159th	Hungary	148.35	4.6%
160th	Angola	174.09	18.5%
161st	Comoros	191.48	-5.1%
162nd	Cameroon	193.46	-5.7%
163rd	Burkina Faso	199.72	0.1%
164th	Togo	202.17	-3.0%
165th	Guinea-Bissau	203.72	-2.2%
166th	Mali	203.72	1.1%
167th	Benin	211.11	-0.6%
168th	Senegal	212.33	-5.2%
169th	Niger	212.89	-4.5%
170th	Chad	215.51	-5.6%
171st	Congo, Republic of	222.78	-7.4%
172nd	Côte d'Ivoire	225.29	-0.5%
173rd	Equatorial Guinea	228.97	-5.6%
174th	Central African Republic	241.88	-3.2%
175th	Gabon	244.92	-6.7%
176th	Malawi	294.86	-1.2%
177th	Rwanda	300.03	-6.7%
178th	Costa Rica	334.12	1.9%
179th	Myanmar	410.47	15.8%
180th	Syrian Arab Republic	417.32	76.1%
181st	Chile	423.01	3.2%
182nd	Iraq	554.47	14.5%
183rd	Burundi	609.60	2.3%
184th	Tanzania	762.96	-2.1%
185th	Korea	829.87	0.1%
186th	Congo, Democratic Republic of	845.45	2.2%
187th	Mongolia	870.18	5.9%
188th	Madagascar	1,173.86	2.5%
189th	Uganda	1,203.16	-3.0%
190th	Colombia	1,340.33	5.5%
191st	Cambodia	1,426.96	-0.5%
192nd	Uzbekistan	2,591.11	10.1%
193rd	Paraguay	2,628.08	3.5%
194th	Lao PDR	3,031.70	2.6%
195th	Guinea	3,108.34	2.8%
196th	Lebanon	4,099.51	225.0%
197th	Indonesia	4,808.43	0.4%
198th	Viet Nam	7,120.01	0.8%
199th	Somalia, Fed. Rep.	10,268.42	11.9%
200th	Iran, Islamic Republic of	50,488.17	53.2%

FAQ

What was Nigeria's ppp conversion factor in 2021?▾

Nigeria's ppp conversion factor in 2021 was 146.72. This ranked 157th globally.

How did Nigeria's ppp conversion factor change in 2021?▾

Nigeria's ppp conversion factor increased by 9.0% in 2021 compared to 2020.

Which country had the highest ppp conversion factor in 2021?▾

Iran, Islamic Republic of had the highest ppp conversion factor in 2021 at 50,488.17.

What is the ppp conversion factor of Nigeria in 2021?▾

The ppp conversion factor of Nigeria in 2021 was 146.72. This ranked 157th globally.

How does 2021 compare to 2020 for Nigeria's ppp conversion factor?▾

Nigeria's ppp conversion factor went from 134.64 in 2020 to 146.72 in 2021, a 9.0% increase.

HistorySaid - pattern alert

Nigeria matched the Fiscal Dominance Trap pattern in 2021. Historically: 386 occurrences, 278 successful (72%). Outcome 24 months later: 24.7%. View full analysis →

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