Nigeria GDP per capita PPP

The Gross Domestic Product per capita in Nigeria was last recorded at 2293.54 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Nigeria, when adjusted by Purchasing Power Parity is equivalent to 10 percent of the worlds average. GDP per capita PPP in Nigeria is reported by the World Bank. From 1980 until 2012, Nigeria GDP per capita PPP averaged 1568.7 USD reaching an all time high of 2293.5 USD in December of 2012 and a record low of 1187.5 USD in December of 1984. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Nigeria GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2293.54 2213.39 2293.54 1187.51 2419.80 | 2014/06 1980 - 2012 USD Yearly

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Nigeria GDP per capita PPP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 1052.34 2012-12-31 1015.56 1052.34 430.97 1110.27 2014-06-30 USD [+]
GDP per capita PPP 2293.54 2012-12-31 2213.39 2293.54 1187.51 2419.80 2014-06-30 USD [+]
GDP 262.61 2012-12-31 243.98 262.61 4.40 287.84 2014-06-30 USD Billion [+]
GDP Constant Prices 284028.72 2013-11-15 259839.44 284028.72 56260.04 279307.92 2014-06-30 NGN Million [+]
GDP Growth Rate 7.72 2013-12-31 6.81 8.60 4.50 6.77 2014-06-30 Percent [+]
GDP Annual Growth Rate 7.72 2013-12-31 6.81 8.60 4.50 6.77 2014-06-30 Percent [+]
Gross Fixed Capital Formation 20700.06 2013-02-15 24236.34 46242.96 17236.65 12768.98 2014-06-30 NGN Million [+]
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GDP per capita PPP | Notes
The GDP per capita PPP given on this page shows PPP GDP at purchaser's prices divided by midyear population. Purchasing Power Parity GDP is gross domestic product converted to international dollars using purchasing power parity rates. Using a PPP basis is more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income.


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The Monetary Policy Committee decided on March 25th to hold the interest rate at 12 percent, as the Central Bank agreed to continue the existing tight monetary policies. It also decided to increase the cash reserves requirement for private sector deposits by 300 bps to 15 percent.
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In February of 2014, Nigeria annual inflation rate decelerated to 7.7 percent, down from 8 percent in January, as all consumer prices slowed. The central bank targets consumer inflation between 6 and 9 percent.
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In January of 2014, Nigeria annual inflation rate remained steady at 8 percent. All major prices were relatively unchanged for the second consecutive month at the single digit rate.
Nigeria’s GDP May Rise after Rebasing Exercise  
Nigeria National Bureau of Statistics will replace the present GDP price structure (base year) for the first time in 23 years with a more recent one to reflect structural changes in the economy.
Nigeria GDP Expands 7.67% in Q4 2013  
According to Nigeria National Bureau of Statistics estimates, the country’s GDP advanced 7.67 percent year-on-year in the last quarter of 2013, higher than the revised figure of 6.81 and 6.99 percent recorded in the third quarter and the corresponding period of 2012, respectively. For 2013, growth rate was estimated at 6.87 percent, up from 6.58 percent in 2012.
Bank of Nigeria Holds Key Rate at 12%  
In its January 20th and 21st, 2014 meeting, the Monetary Policy Committee of the Central Bank of Nigeria decided to leave the benchmark interest rate unchanged at 12 percent for the fourteenth straight meeting.
Nigeria Inflation Rate Rises in December  
In December of 2013, Nigeria annual inflation rate rose slightly to 8 percent, from 7.9 percent in November. Nigeria's central bank sets 2014 consumer inflation between 6 and 9 percent.
Nigeria Inflation Rate Accelerates in November  
In November of 2013, Nigeria inflation rate edged up for the first time in four months to 7.9 percent, mainly due to higher food prices. The October reading at 7.8 percent was the lowest in more than five years.
Central Bank of Nigeria Leaves Rate Unchanged in November  
In its 19th of November meeting, the Monetary Policy Committee of the Central Bank of Nigeria decided to leave the benchmark interest rate unchanged at 12 percent. The Committee cited attaining price and exchange rates stability, and warned of possible tightening in 2014.
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