The national gross income per capita in Nigeria decreased to 1,930 U.S. dollars compared to the previous year. Therefore, 2023 marks the lowest national gross income during the observed period. Gross national income (GNI) per capita is the total value of money received by a country, from both domestic or foreign sources, divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which implements a price adjusted, three year moving average, smoothing out fluctuations in exchange rates.Find more statistics on other topics about Nigeria with key insights such as gross national income (GNI), value of personal remittances paid, and personal remittances received.

On average, the monthly cost of living for an individual in Nigeria amounted to 43.2 thousand Nigerian Naira, which equaled to roughly 111 U.S. dollars. On the other hand, this figure added up to 137.6 thousand Naira for a family, about 354 U.S. dollars. In 2020, the minimum wage in Nigeria reached 30 thousand Naira.

Living Wage Individual in Nigeria increased to 43200 NGN/Month in 2018 from 41800 NGN/Month in 2015. Nigeria Living Wage Individual - values, historical data, forecasts and news - updated on March of 2025.

As of 2023, the highest average salary in Nigeria was received by people employed in the field of executive management and change - 96,000 U.S. dollars per year. Professionals in financial services and program management followed, with a mean annual salary reaching 59,000 and 44,000 U.S. dollars, respectively. According to the source, the lowest yearly payment was received by individuals working in the area of data, as this amounted to 2,700 U.S. dollars.

The national minimum wage for federal workers in Nigeria reached 70,000 Nigerian naira (NGN) in 2024, which equaled about 44 U.S. dollars. On July 23, 2024, this minimum wage of 70,000 NGN was passed into law, increasing from the previous amount of 30,000 NGN. According to most recent data, the monthly cost of living for an individual in Nigeria amounted to 43,200 NGN on average, whereas this figure added up to over 137,000 NGN for a family. Dependency ratio In 2023, the labor dependency ratio in Nigeria was estimated at 2.1 percent, showing no significant change since 2012. This metric represents the proportion of dependents who are either not part of the workforce or are unemployed, in relation to the total employed population. Nigeria's compensation trends and workload statistics In 2023, individuals working in executive management and change roles garnered the highest average annual salary in Nigeria at 96,000 U.S. dollars. In the same year, the employed workforce in Nigeria contributed to a collective weekly workload exceeding 2.6 billion hours. Two years earlier, the workload was estimated at about 2.4 billion hours.

Nigeria: Personal income per capita, U.S. dollars: The latest value from is U.S. dollars, unavailable from U.S. dollars in . In comparison, the world average is 0 U.S. dollars, based on data from countries. Historically, the average for Nigeria from to is U.S. dollars. The minimum value, U.S. dollars, was reached in while the maximum of U.S. dollars was recorded in .

Graph and download economic data for Gross National Income for Nigeria (MKTGNINGA646NWDB) from 2008 to 2023 about Nigeria, GNI, and income.

The Gross Domestic Product per capita in Nigeria was last recorded at 5593.06 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Nigeria, when adjusted by Purchasing Power Parity is equivalent to 31 percent of the world's average. This dataset provides - Nigeria GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This map shows the purchasing power per capita in Nigeria in 2023, in a multiscale map (Country, State, and Local Government Area). Nationally, the purchasing power per capita is 680,581 Nigerian naira. Purchasing Power describes the disposable income (income without taxes and social security contributions, including received transfer payments) of a certain area's population. The figures are in Nigerian naira (NGN) per capita.The pop-up is configured to show the following information at each geography level:Purchasing power per capitaPurchasing power index per areaThe Purchasing Power Index compares the demand for a specific purchasing category in an area, with the national demand for that product or service. The index values at the national level are 100, representing average demand for the country. A value of more than 100 represents higher demand than the national average, and a value of less than 100 represents lower demand than the national average. For example, an index of 120 implies that demand in the area is 20 percent higher than the national average; an index of 80 implies that demand is 20 percent lower than the national average.The source of this data is Michael Bauer Research. The vintage of the data is 2023. This item was last updated in October, 2023 and is updated every 12-18 months as new annual figures are offered.Additional Esri Resources:Esri DemographicsThis item is for visualization purposes only and cannot be exported or used in analysis.We would love to hear from you. If you have any feedback regarding this item or Esri Demographics, please let us know.Permitted use of this data is covered in the DATA section of the Esri Master Agreement (E204CW) and these supplemental terms.

Nigeria NG: Income Share Held by Highest 20% data was reported at 49.000 % in 2009. This records an increase from the previous number of 46.000 % for 2003. Nigeria NG: Income Share Held by Highest 20% data is updated yearly, averaging 49.000 % from Dec 1985 (Median) to 2009, with 5 observations. The data reached an all-time high of 56.500 % in 1996 and a record low of 45.000 % in 1985. Nigeria NG: Income Share Held by Highest 20% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

Nigeria: Bank cost to income ratio, in percent: The latest value from 2021 is 65.04 percent, an increase from 61.27 percent in 2020. In comparison, the world average is 54.80 percent, based on data from 133 countries. Historically, the average for Nigeria from 2000 to 2021 is 73.68 percent. The minimum value, 51.15 percent, was reached in 2016 while the maximum of 202.04 percent was recorded in 2010.

Nigeria NG: Income Share Held by Lowest 20% data was reported at 5.400 % in 2009. This records a decrease from the previous number of 5.700 % for 2003. Nigeria NG: Income Share Held by Lowest 20% data is updated yearly, averaging 5.400 % from Dec 1985 (Median) to 2009, with 5 observations. The data reached an all-time high of 6.000 % in 1985 and a record low of 3.700 % in 1996. Nigeria NG: Income Share Held by Lowest 20% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

Key information about Nigeria GDP Per Capita

• Nigeria Gross Domestic Product (GDP) per Capita reached 2,057.020 USD in Dec 2021, compared with 2,072.338 USD in Dec 2020.
• Nigeria GDP Per Capita data is updated yearly, available from Dec 1981 to Dec 2021, with an average number of 1,868.471 USD.
• The data reached an all-time high of 3,136.832 USD in Dec 2014 and a record low of 492.767 in Dec 1999.
• CEIC calculates GDP per Capita from annual Nominal GDP and annual Population and converts it into USD. The National Bureau of Statistics provides Nominal GDP in local currency, at basic prices. The Central Bank of Nigeria provides Population. The Central Bank of Nigeria average market exchange rate is used for currency conversions. GDP per Capita prior to 2000 is calculated from Mid-year Population sourced from the International Monetary Fund.

• In the latest reports, Nigeria GDP expanded 3.518 % YoY in Dec 2022.
• Nigeria Nominal GDP reached 128.609 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 11.269 % in Dec 2022.
• Gross Savings Rate of Nigeria was measured at 32.735 % in Dec 2021.

According to a survey conducted in Nigeria in 2021, the main source of income of young people was either their job or family's money. Savings or partner's money seemed to be a less common source of money among young Nigerians. There is a considerable gender difference between the main source of money of males and females. About 57 percent of male respondents could rely on their regular job. On the contrary, around 50 percent of female respondents declared that their money was mainly coming from their parents or their family, while only 35 percent of them could rely on their job as their main source of income.

The gross national income (GNI) in Nigeria decreased to 355.8 billion U.S. dollars compared to the previous year. This marks the lowest GNI during the observed period. Gross National Income is the aggregate value added by all resident producers adding product taxes (minus subsidies) not covered in the output valuation plus net receipts of primary income (compensation for income on property and employees) coming from overseas. Figures are in current U.S. dollars.Find more statistics on other topics about Nigeria with key insights such as national gross income per capita, personal remittances received, and value of personal remittances paid.

The gross domestic product (GDP) per capita in Nigeria was forecast to continuously increase between 2024 and 2029 by in total 170 U.S. dollars (+19.38 percent). According to this forecast, in 2029, the GDP per capita will have increased for the fourth consecutive year to 1,047.08 U.S. dollars. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more key insights for the gross domestic product (GDP) per capita in countries like Liberia, Ghana, and Sierra Leone.

As of 2023, the petrol price index in Nigeria in relation to salaries amounted to 172 liters per month, a significant drop of 56 percent from the preceding year. Over the observed period, the petrol price index peaked in 2020 at 539 liters per month. Since then, the index has followed a yearly decreasing trend. The petrol price index measures how much petrol can be bought in comparison to the average salary in a country in a certain year.

This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Nigeria National Disposable Income (NDI) data was reported at 227,265,815.579 NGN mn in 2023. This records an increase from the previous number of 194,056,784.066 NGN mn for 2022. Nigeria National Disposable Income (NDI) data is updated yearly, averaging 106,031,229.942 NGN mn from Dec 2010 (Median) to 2023, with 14 observations. The data reached an all-time high of 227,265,815.579 NGN mn in 2023 and a record low of 52,913,490.930 NGN mn in 2010. Nigeria National Disposable Income (NDI) data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s Nigeria – Table NG.A014: SNA 2008: National Disposable Income: Annual.

Nigeria NG: Wage And Salaried Workers: Modeled ILO Estimate: % of Total Employment data was reported at 18.480 % in 2017. This records a decrease from the previous number of 18.505 % for 2016. Nigeria NG: Wage And Salaried Workers: Modeled ILO Estimate: % of Total Employment data is updated yearly, averaging 16.420 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 19.436 % in 2013 and a record low of 13.945 % in 2002. Nigeria NG: Wage And Salaried Workers: Modeled ILO Estimate: % of Total Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Employment and Unemployment. Wage and salaried workers (employees) are those workers who hold the type of jobs defined as 'paid employment jobs,' where the incumbents hold explicit (written or oral) or implicit employment contracts that give them a basic remuneration that is not directly dependent upon the revenue of the unit for which they work.; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.