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Nigeria - PPP Conversion Factor 2023

Name: Nigeria PPP Conversion Factor 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

PPP conversion factor, GDP · World Bank

158.29 +10.32 from 2022 Global rank: 154th

Nigeria's ppp conversion factor was 158.29 in 2023, increased +10.32 from 147.97 in 2022. This was the 154th highest globally.

Global Ranking - 2023▾

PPP Conversion Factor by Country - 2023
Rank	Country	Value	YoY
1st	Bahrain	0.17	-7.6%
2nd	Oman	0.19	-8.0%
3rd	Kuwait	0.20	-11.3%
4th	Jordan	0.30	-1.7%
5th	Timor-Leste	0.31	-23.6%
6th	Montenegro	0.36	4.7%
7th	Kosovo	0.36	0.9%
8th	El Salvador	0.42	-1.0%
9th	Ecuador	0.42	-1.3%
10th	Croatia	0.43	3.2%
11th	Liberia	0.45	1.2%
12th	Panama	0.47	-1.3%
13th	Lithuania	0.49	5.0%
14th	Latvia	0.49	3.7%
15th	Slovak Republic	0.50	1.8%
16th	Greece	0.51	0.8%
17th	Azerbaijan	0.51	-12.5%
18th	Portugal	0.51	-0.7%
19th	Brunei Darussalam	0.52	-15.9%
20th	Slovenia	0.54	4.5%
21st	Spain	0.56	-0.5%
22nd	Malta	0.56	1.0%
23rd	Cyprus	0.57	0.2%
24th	Estonia	0.57	2.3%
25th	West Bank and Gaza	0.58	-5.8%
26th	Italy	0.60	1.8%
27th	Andorra	0.60	2.6%
28th	United Kingdom	0.66	4.3%
29th	Bosnia and Herzegovina	0.67	2.0%
30th	France	0.68	-0.6%
31st	Germany	0.70	1.8%
32nd	San Marino	0.70	3.6%
33rd	Belgium	0.70	0.8%
34th	Austria	0.70	2.5%
35th	Zimbabwe	0.71	738.3%
36th	Netherlands	0.73	2.3%
37th	Bulgaria	0.74	3.0%
38th	Ireland	0.74	2.6%
39th	Belarus	0.77	4.3%
40th	Finland	0.77	-0.1%
41st	Puerto Rico (US)	0.78	-0.3%
42nd	Singapore	0.80	-8.3%
43rd	Luxembourg	0.81	1.0%
44th	Palau	0.86	7.2%
45th	Georgia	0.87	-0.6%
46th	Tunisia	0.87	3.5%
47th	Marshall Islands	0.90	3.6%
48th	Fiji	0.91	-0.8%
49th	Micronesia, Federated States of	0.93	2.0%
50th	Cayman Islands	0.93	-0.8%
51st	Kiribati	0.94	4.9%
52nd	Switzerland	0.95	-0.5%
53rd	Bahamas, The	0.98	2.9%
54th	United States	1.00	0.0%
55th	Turks and Caicos Islands	1.00	-3.0%
56th	Belize	1.08	3.0%
57th	Canada	1.14	-0.5%
58th	Bermuda	1.16	0.2%
59th	Curaçao	1.24	-1.2%
60th	Dominica	1.32	-1.5%
61st	Australia	1.34	-1.6%
62nd	Sint Maarten (Dutch part)	1.37	-1.5%
63rd	Aruba	1.37	3.4%
64th	Nauru	1.38	2.7%
65th	St. Lucia	1.41	-2.0%
66th	Malaysia	1.42	-5.3%
67th	St. Vincent and the Grenadines	1.44	-0.7%
68th	Turkmenistan	1.45	-6.6%
69th	New Zealand	1.46	1.9%
70th	Tuvalu	1.55	3.1%
71st	Samoa	1.61	3.1%
72nd	Grenada	1.62	0.8%
73rd	Tonga	1.71	3.7%
74th	Peru	1.74	2.6%
75th	St. Kitts and Nevis	1.79	0.8%
76th	Romania	1.81	4.8%
77th	Antigua and Barbuda	1.84	1.3%
78th	Saudi Arabia	1.89	-5.6%
79th	Poland	1.92	6.7%
80th	Libya	2.09	-10.8%
81st	Barbados	2.16	-1.6%
82nd	Papua New Guinea	2.28	-7.7%
83rd	Bolivia, Plurinational State of	2.29	-3.3%
84th	Qatar	2.30	-12.4%
85th	United Arab Emirates	2.35	-5.4%
86th	Brazil	2.45	1.5%
87th	Tajikistan	2.57	0.1%
88th	Guatemala	3.28	2.8%
89th	Israel	3.46	0.4%
90th	Ghana	3.48	35.2%
91st	Trinidad and Tobago	3.57	-16.0%
92nd	China	3.64	-4.0%
93rd	Morocco	3.91	3.3%
94th	Macao SAR, China	4.66	0.8%
95th	Egypt, Arab Republic of	4.79	20.5%
96th	Sierra Leone	4.80	24.8%
97th	Botswana	5.06	-1.8%
98th	Greenland	5.11	-1.7%
99th	Hong Kong SAR, China	5.54	-0.7%
100th	Lesotho	5.87	-3.8%
101st	Denmark	6.05	-0.8%
102nd	Solomon Islands	6.07	-1.0%
103rd	Eswatini	6.13	2.4%
104th	Faroe Islands	6.26	-0.6%
105th	Zambia	6.60	3.4%
106th	Namibia	6.87	2.9%
107th	Moldova	6.96	5.5%
108th	South Africa	7.32	1.1%
109th	Türkiye	7.42	62.8%
110th	Maldives	7.81	-1.4%
111th	Seychelles	8.06	0.5%
112th	Sweden	8.52	2.1%
113th	Norway	8.92	6.5%
114th	Suriname	9.62	28.5%
115th	Mexico	9.75	-1.7%
116th	Ukraine	10.64	15.7%
117th	Thailand	10.65	-2.2%
118th	Honduras	11.06	2.4%
119th	São Tomé and Principe	11.10	19.4%
120th	Mauritania	11.19	0.2%
121st	Nicaragua	11.43	6.9%
122nd	Czechia	12.58	0.8%
123rd	Afghanistan	14.80	-0.7%
124th	Gambia, The	16.44	9.8%
125th	Mauritius	17.26	2.4%
126th	Philippines	19.26	1.0%
127th	North Macedonia	19.48	5.9%
128th	Bhutan	19.52	0.8%
129th	India	20.29	-1.0%
130th	Dominican Republic	23.10	2.1%
131st	Mozambique	23.68	1.4%
132nd	Kyrgyz Republic	25.74	15.7%
133rd	Uruguay	25.93	-0.2%
134th	Russian Federation	27.24	4.2%
135th	Bangladesh	28.63	3.2%
136th	Nepal	33.50	2.1%
137th	Albania	39.45	-0.4%
138th	Kenya	43.00	1.8%
139th	Algeria	43.36	-2.5%
140th	Serbia	44.71	4.4%
141st	Cabo Verde	47.66	-0.3%
142nd	Pakistan	56.20	21.6%
143rd	Haiti	73.05	26.9%
144th	Guyana	78.00	-17.1%
145th	Djibouti	83.16	-1.1%
146th	Sri Lanka	86.07	12.6%
147th	Jamaica	91.91	7.5%
148th	Japan	93.83	-1.1%
149th	Vanuatu	116.27	3.3%
150th	Iceland	137.85	2.2%
151st	Argentina	139.81	128.5%
152nd	Armenia	148.71	-0.5%
153rd	Kazakhstan	152.54	5.7%
154th	Nigeria	158.29	7.0%
155th	Hungary	169.09	8.9%
156th	Comoros	186.25	-0.9%
157th	Burkina Faso	192.02	-1.6%
158th	Cameroon	192.87	0.0%
159th	Mali	199.47	-1.3%
160th	Guinea-Bissau	200.47	1.5%
161st	Togo	202.87	0.4%
162nd	Benin	204.79	-0.2%
163rd	Niger	206.49	-0.1%
164th	Chad	213.24	-7.1%
165th	Senegal	215.58	-0.5%
166th	Côte d'Ivoire	217.24	0.3%
167th	Sudan	217.24	25.2%
168th	Angola	218.51	13.8%
169th	Congo, Republic of	219.42	-10.8%
170th	Gabon	228.03	-13.1%
171st	Equatorial Guinea	232.64	-10.9%
172nd	Central African Republic	239.32	0.0%
173rd	Costa Rica	318.84	-5.2%
174th	Rwanda	350.49	8.1%
175th	Malawi	401.66	24.6%
176th	Chile	432.56	-0.5%
177th	Myanmar	435.00	6.9%
178th	Iraq	535.67	-18.5%
179th	Tanzania	725.85	-0.8%
180th	Burundi	751.94	14.9%
181st	Korea	811.05	0.1%
182nd	Congo, Democratic Republic of	932.43	7.4%
183rd	Mongolia	1,123.87	17.5%
184th	Uganda	1,214.20	3.0%
185th	Madagascar	1,246.05	3.7%
186th	Cambodia	1,344.13	-2.5%
187th	Colombia	1,425.43	4.5%
188th	Syrian Arab Republic	1,757.52	112.7%
189th	Paraguay	2,614.36	-1.4%
190th	Uzbekistan	3,041.71	9.9%
191st	Guinea	3,054.70	2.4%
192nd	Lao PDR	3,934.87	20.1%
193rd	Indonesia	4,819.74	-2.0%
194th	Viet Nam	6,840.61	-1.5%
195th	Somalia, Fed. Rep.	10,446.32	1.0%
196th	Lebanon	23,736.79	192.4%
197th	Iran, Islamic Republic of	94,357.98	32.5%

FAQ

What was Nigeria's ppp conversion factor in 2023?▾

Nigeria's ppp conversion factor in 2023 was 158.29. This ranked 154th globally.

How did Nigeria's ppp conversion factor change in 2023?▾

Nigeria's ppp conversion factor increased by 7.0% in 2023 compared to 2022.

Which country had the highest ppp conversion factor in 2023?▾

Iran, Islamic Republic of had the highest ppp conversion factor in 2023 at 94,357.98.

What is the ppp conversion factor of Nigeria in 2023?▾

The ppp conversion factor of Nigeria in 2023 was 158.29. This ranked 154th globally.

How does 2023 compare to 2022 for Nigeria's ppp conversion factor?▾

Nigeria's ppp conversion factor went from 147.97 in 2022 to 158.29 in 2023, a 7.0% increase.

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