Nigeria - PPP Conversion Factor 2024
176.33
+18.04 from 2023
Nigeria's ppp conversion factor was 176.33 in 2024, increased +18.04 from 158.29 in 2023. This was the 147th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Bahrain | 0.17 | -2.9% |
| 2nd | Oman | 0.19 | -3.1% |
| 3rd | Kuwait | 0.19 | -3.1% |
| 4th | Timor-Leste | 0.30 | -3.6% |
| 5th | Jordan | 0.30 | -0.5% |
| 6th | Montenegro | 0.36 | 1.2% |
| 7th | Kosovo | 0.36 | -0.2% |
| 8th | El Salvador | 0.42 | -0.6% |
| 9th | Ecuador | 0.43 | 2.5% |
| 10th | Croatia | 0.45 | 4.4% |
| 11th | Liberia | 0.46 | 2.2% |
| 12th | Panama | 0.46 | -1.9% |
| 13th | Lithuania | 0.49 | 0.0% |
| 14th | Brunei Darussalam | 0.49 | -5.1% |
| 15th | Azerbaijan | 0.49 | -3.7% |
| 16th | Latvia | 0.50 | 1.1% |
| 17th | Slovak Republic | 0.50 | 1.1% |
| 18th | Greece | 0.52 | 1.7% |
| 19th | Portugal | 0.52 | 0.5% |
| 20th | Slovenia | 0.55 | 2.3% |
| 21st | Spain | 0.56 | 1.0% |
| 22nd | Cyprus | 0.57 | 0.2% |
| 23rd | Estonia | 0.58 | 0.6% |
| 24th | Malta | 0.58 | 2.9% |
| 25th | West Bank and Gaza | 0.59 | 2.1% |
| 26th | Italy | 0.60 | -0.4% |
| 27th | Andorra | 0.61 | 0.7% |
| 28th | United Kingdom | 0.66 | 0.5% |
| 29th | Bosnia and Herzegovina | 0.68 | 0.7% |
| 30th | France | 0.68 | 0.4% |
| 31st | Germany | 0.70 | 0.0% |
| 32nd | Belgium | 0.70 | 0.1% |
| 33rd | Austria | 0.71 | 0.8% |
| 34th | Netherlands | 0.73 | 0.1% |
| 35th | Ireland | 0.74 | 0.1% |
| 36th | Finland | 0.75 | -2.1% |
| 37th | Bulgaria | 0.76 | 2.6% |
| 38th | Puerto Rico (US) | 0.78 | 0.7% |
| 39th | Singapore | 0.80 | 0.8% |
| 40th | Luxembourg | 0.82 | 1.0% |
| 41st | Belarus | 0.82 | 6.2% |
| 42nd | Georgia | 0.89 | 2.4% |
| 43rd | Tunisia | 0.90 | 2.5% |
| 44th | Kiribati | 0.94 | -0.4% |
| 45th | Marshall Islands | 0.94 | 4.8% |
| 46th | Fiji | 0.94 | 3.6% |
| 47th | Switzerland | 0.95 | -0.1% |
| 48th | Bahamas, The | 0.96 | -2.1% |
| 49th | Micronesia, Federated States of | 0.96 | 3.5% |
| 50th | Turks and Caicos Islands | 0.99 | -1.6% |
| 51st | United States | 1.00 | 0.0% |
| 52nd | Belize | 1.07 | -1.0% |
| 53rd | Bermuda | 1.15 | -0.8% |
| 54th | Canada | 1.15 | 0.9% |
| 55th | Curaçao | 1.25 | 0.9% |
| 56th | Dominica | 1.32 | 0.0% |
| 57th | Australia | 1.37 | 2.2% |
| 58th | Sint Maarten (Dutch part) | 1.38 | 1.1% |
| 59th | St. Lucia | 1.39 | -1.4% |
| 60th | Aruba | 1.40 | 1.7% |
| 61st | Malaysia | 1.40 | -1.6% |
| 62nd | St. Vincent and the Grenadines | 1.46 | 1.3% |
| 63rd | New Zealand | 1.46 | 0.2% |
| 64th | Nauru | 1.46 | 6.1% |
| 65th | Turkmenistan | 1.51 | 4.0% |
| 66th | Grenada | 1.57 | -3.6% |
| 67th | Tuvalu | 1.58 | 1.7% |
| 68th | Samoa | 1.70 | 5.9% |
| 69th | Peru | 1.78 | 2.7% |
| 70th | Saudi Arabia | 1.85 | -2.6% |
| 71st | St. Kitts and Nevis | 1.86 | 3.5% |
| 72nd | Romania | 1.88 | 3.7% |
| 73rd | Antigua and Barbuda | 1.90 | 3.7% |
| 74th | Poland | 1.95 | 1.5% |
| 75th | Barbados | 2.14 | -1.1% |
| 76th | Qatar | 2.21 | -3.8% |
| 77th | Libya | 2.22 | 5.9% |
| 78th | United Arab Emirates | 2.33 | -0.8% |
| 79th | Bolivia, Plurinational State of | 2.37 | 3.5% |
| 80th | Papua New Guinea | 2.38 | 4.2% |
| 81st | Brazil | 2.49 | 1.6% |
| 82nd | Tajikistan | 2.68 | 4.1% |
| 83rd | Guatemala | 3.32 | 1.2% |
| 84th | Trinidad and Tobago | 3.48 | -2.5% |
| 85th | Israel | 3.50 | 1.3% |
| 86th | China | 3.53 | -3.1% |
| 87th | Morocco | 3.96 | 1.5% |
| 88th | Ghana | 4.23 | 21.8% |
| 89th | Macao SAR, China | 4.56 | -2.2% |
| 90th | Botswana | 5.08 | 0.4% |
| 91st | Sierra Leone | 5.17 | 7.8% |
| 92nd | Hong Kong SAR, China | 5.61 | 1.4% |
| 93rd | Lesotho | 5.94 | 1.2% |
| 94th | Denmark | 6.05 | -0.1% |
| 95th | Eswatini | 6.07 | -1.0% |
| 96th | Solomon Islands | 6.11 | 0.6% |
| 97th | Faroe Islands | 6.24 | -0.4% |
| 98th | Egypt, Arab Republic of | 6.25 | 30.5% |
| 99th | Namibia | 6.92 | 0.8% |
| 100th | Moldova | 7.24 | 4.0% |
| 101st | Zambia | 7.37 | 11.7% |
| 102nd | South Africa | 7.43 | 1.5% |
| 103rd | Seychelles | 7.81 | -3.1% |
| 104th | Maldives | 7.86 | 0.6% |
| 105th | Zimbabwe | 8.35 | 1,069.0% |
| 106th | Sweden | 8.49 | -0.3% |
| 107th | Norway | 9.14 | 2.5% |
| 108th | Mexico | 9.92 | 1.7% |
| 109th | Thailand | 10.49 | -1.5% |
| 110th | Suriname | 10.60 | 10.1% |
| 111th | Mauritania | 11.34 | 1.4% |
| 112th | Honduras | 11.35 | 2.6% |
| 113th | Türkiye | 11.42 | 53.9% |
| 114th | Ukraine | 11.67 | 9.6% |
| 115th | Nicaragua | 11.98 | 4.8% |
| 116th | São Tomé and Principe | 12.76 | 14.9% |
| 117th | Czechia | 12.82 | 2.0% |
| 118th | Gambia, The | 16.98 | 3.3% |
| 119th | Mauritius | 17.48 | 1.3% |
| 120th | Philippines | 19.36 | 0.5% |
| 121st | North Macedonia | 19.58 | 0.5% |
| 122nd | India | 20.42 | 0.6% |
| 123rd | Dominican Republic | 23.52 | 1.8% |
| 124th | Mozambique | 24.61 | 4.0% |
| 125th | Kyrgyz Republic | 26.32 | 2.3% |
| 126th | Uruguay | 26.40 | 1.8% |
| 127th | Russian Federation | 29.06 | 6.7% |
| 128th | Bangladesh | 29.88 | 4.4% |
| 129th | Nepal | 33.56 | 0.2% |
| 130th | Albania | 39.67 | 0.5% |
| 131st | Kenya | 43.27 | 0.6% |
| 132nd | Algeria | 43.77 | 0.9% |
| 133rd | Serbia | 45.08 | 0.8% |
| 134th | Cabo Verde | 47.27 | -0.8% |
| 135th | Pakistan | 66.96 | 19.1% |
| 136th | Guyana | 77.19 | -1.0% |
| 137th | Djibouti | 80.84 | -2.8% |
| 138th | Sri Lanka | 87.27 | 1.4% |
| 139th | Haiti | 88.74 | 21.5% |
| 140th | Jamaica | 94.10 | 2.4% |
| 141st | Japan | 94.46 | 0.7% |
| 142nd | Vanuatu | 112.73 | -3.0% |
| 143rd | Iceland | 141.76 | 2.8% |
| 144th | Armenia | 147.23 | -1.0% |
| 145th | Kazakhstan | 162.33 | 6.4% |
| 146th | Hungary | 175.58 | 3.8% |
| 147th | Nigeria | 176.33 | 11.4% |
| 148th | Comoros | 190.92 | 2.5% |
| 149th | Guinea-Bissau | 195.89 | -2.3% |
| 150th | Cameroon | 198.54 | 2.9% |
| 151st | Mali | 200.23 | 0.4% |
| 152nd | Togo | 201.68 | -0.6% |
| 153rd | Benin | 203.10 | -0.8% |
| 154th | Burkina Faso | 205.61 | 7.1% |
| 155th | Senegal | 212.04 | -1.6% |
| 156th | Chad | 212.58 | -0.3% |
| 157th | Congo, Republic of | 214.21 | -2.4% |
| 158th | Côte d'Ivoire | 215.67 | -0.7% |
| 159th | Niger | 217.48 | 5.3% |
| 160th | Gabon | 231.99 | 1.7% |
| 161st | Equatorial Guinea | 232.83 | 0.1% |
| 162nd | Central African Republic | 247.78 | 3.5% |
| 163rd | Angola | 265.84 | 21.7% |
| 164th | Costa Rica | 307.79 | -3.5% |
| 165th | Rwanda | 355.09 | 1.3% |
| 166th | Argentina | 419.90 | 200.3% |
| 167th | Chile | 435.78 | 0.7% |
| 168th | Myanmar | 475.87 | 9.4% |
| 169th | Malawi | 489.02 | 21.7% |
| 170th | Iraq | 545.87 | 1.9% |
| 171st | Sudan | 729.48 | 235.8% |
| 172nd | Tanzania | 730.42 | 0.6% |
| 173rd | Korea | 809.27 | -0.2% |
| 174th | Burundi | 875.88 | 16.5% |
| 175th | Congo, Democratic Republic of | 1,006.64 | 8.0% |
| 176th | Mongolia | 1,195.34 | 6.4% |
| 177th | Uganda | 1,244.30 | 2.5% |
| 178th | Madagascar | 1,309.40 | 5.1% |
| 179th | Cambodia | 1,343.28 | -0.1% |
| 180th | Colombia | 1,443.72 | 1.3% |
| 181st | Paraguay | 2,618.66 | 0.2% |
| 182nd | Guinea | 3,185.82 | 4.3% |
| 183rd | Uzbekistan | 3,367.64 | 10.7% |
| 184th | Lao PDR | 4,381.72 | 11.4% |
| 185th | Indonesia | 4,747.91 | -1.5% |
| 186th | Viet Nam | 6,956.93 | 1.7% |
| 187th | Somalia, Fed. Rep. | 11,049.72 | 5.8% |
| 188th | Iran, Islamic Republic of | 118,268.07 | 25.3% |
FAQ
What was Nigeria's ppp conversion factor in 2024?▾
Nigeria's ppp conversion factor in 2024 was 176.33. This ranked 147th globally.
How did Nigeria's ppp conversion factor change in 2024?▾
Nigeria's ppp conversion factor increased by 11.4% in 2024 compared to 2023.
Which country had the highest ppp conversion factor in 2024?▾
Iran, Islamic Republic of had the highest ppp conversion factor in 2024 at 118,268.07.
What is the ppp conversion factor of Nigeria in 2024?▾
The ppp conversion factor of Nigeria in 2024 was 176.33. This ranked 147th globally.
How does 2024 compare to 2023 for Nigeria's ppp conversion factor?▾
Nigeria's ppp conversion factor went from 158.29 in 2023 to 176.33 in 2024, a 11.4% increase.
HistorySaid - pattern alert
Nigeria matched the Export Boom Cycle pattern in 2024. Historically: 768 occurrences, 546 successful (71%). View full analysis →
Related
2023
2025
All years
Full ranking 2024
Inflation Rate
Consumer Price Index
Peak: 2025
Lowest: 1990
PPP Conversion Factor 1990s
PPP Conversion Factor 2000s
PPP Conversion Factor 2010s
PPP Conversion Factor 2020s
Highest ever
Lowest ever
Average
vs Guinea-Bissau
vs Chad
vs Togo
vs Burkina Faso
Organisation of Islamic Cooperation PPP Conversion Factor
OPEC PPP Conversion Factor
African Union PPP Conversion Factor
Global Ranking