Nigeria - PPP conversion factor (GDP) to market exchange rate ratio

PPP conversion factor (GDP) to market exchange rate ratio in Nigeria was at 0.445, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 nigeria ppp conversion factor gdp to market exchange rate ratio wb data




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Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, also referred to as the national price level, makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.


Nigeria | Economy & Growth

Stock Markets, US$
55.88 USD
GDP (current US$)
486792837971 USD
GDP (current LCU)
95177735680000 LCU
GDP (constant 2000 US$)
461848518896 USD
GDP (constant LCU)
69780692720000 LCU
GNI (current US$)
471020834390 USD
GNI (current LCU)
92093993540000 LCU
GNI (constant 2000 US$)
449332509382 USD
GNI (constant LCU)
67889648842504 LCU
Gross savings (current US$)
79575477564 USD
Gross savings (current LCU)
15558597373259 LCU