Nigeria - Purchasing power parity conversion factor for gross domestic product

158.0 (LCU per international dollars) in 2022

In 2022, purchasing power parity for Nigeria was 158 LCU per international dollars. Between 2003 and 2022, purchasing power parity of Nigeria grew substantially from 32.2 to 158 LCU per international dollars rising at an increasing annual rate that reached a maximum of 25.25% in 2010 and then decreased to 3.99% in 2022.

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What is purchasing power parity?

Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP.

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What is Nigeria purchasing power parity?