Nigeria - Purchasing power parity conversion factor for gross domestic product

165.8 (LCU per international dollars) in 2023

In 2023, purchasing power parity for Nigeria was 165.8 LCU per international dollars. Over the last 20 years, purchasing power parity of Nigeria grew substantially from 37.9 to 165.8 LCU per international dollars rising at an increasing annual rate that reached a maximum of 25.23% in 2010 and then decreased to 8.66% in 2023.

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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?