The national gross income per capita in Nigeria decreased to ***** U.S. dollars compared to the previous year. This marks the lowest national gross income during the observed period. Gross national income (GNI) per capita is the total amount of money received by a country (regardless of whether it originates in the country or abroad) divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which uses a price adjusted, three year moving average, which smooths out exchange rate fluctuations.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 ****** Nigerian Naira, which equaled roughly *** U.S. dollars. On the other hand, this figure added up to ******* Naira for a family, about *** U.S. dollars. In 2020, the minimum wage in Nigeria reached ****** Naira.

The Gross Domestic Product per capita in Nigeria was last recorded at 2416.36 US dollars in 2023. The GDP per Capita in Nigeria is equivalent to 19 percent of the world's average. This dataset provides the latest reported value for - Nigeria GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Nigeria NG: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 2,080.000 USD in 2017. This records a decrease from the previous number of 2,450.000 USD for 2016. Nigeria NG: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 325.000 USD from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 2,980.000 USD in 2014 and a record low of 100.000 USD in 1968. Nigeria NG: GDP: USD: Gross National Income per Capita: Atlas Method 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: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Disposable Personal Income in Nigeria increased to 21437390.24 NGN Million in the second quarter of 2024 from 20532203.99 NGN Million in the first quarter of 2024. This dataset provides - Nigeria Disposable Personal Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 ****** Nigerian naira (NGN) in 2024, which equaled about ** U.S. dollars. On July 23, 2024, this minimum wage of ****** NGN was passed into law, increasing from the previous amount of ****** NGN. According to most recent data, the monthly cost of living for an individual in Nigeria amounted to ****** NGN on average, whereas this figure added up to over ******* NGN for a family. Dependency ratio In 2023, the labor dependency ratio in Nigeria was estimated at *** 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 ****** U.S. dollars. In the same year, the employed workforce in Nigeria contributed to a collective weekly workload exceeding *** billion hours. Two years earlier, the workload was estimated at about *** billion hours.

Nigeria GDP per capita for 2023 was $1,621, a 25.04% decline from 2022.

<ul style='margin-top:20px;'>

<li>Nigeria GDP per capita for 2022 was <strong>$2,163</strong>, a <strong>4.69% increase</strong> from 2021.</li>
<li>Nigeria GDP per capita for 2021 was <strong>$2,066</strong>, a <strong>0.43% decline</strong> from 2020.</li>
<li>Nigeria GDP per capita for 2020 was <strong>$2,075</strong>, a <strong>11.11% decline</strong> from 2019.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.

Nigeria NG: GDP: Growth: Adjusted Net National Income data was reported at -8.534 % in 2016. This records a decrease from the previous number of -2.816 % for 2015. Nigeria NG: GDP: Growth: Adjusted Net National Income data is updated yearly, averaging 5.790 % from Dec 1982 (Median) to 2016, with 35 observations. The data reached an all-time high of 28.602 % in 1995 and a record low of -34.276 % in 1993. Nigeria NG: GDP: Growth: Adjusted Net National Income 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: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

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

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 .

Explore the progression of average salaries for graduates in Nigeria from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Nigeria relative to other fields. This data is essential for students assessing the return on investment of their education in Nigeria, providing a clear picture of financial prospects post-graduation.

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.

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.

Adjusted net national income per capita (current US$) in Nigeria was reported at 1663 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Adjusted net national income per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

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.

Adjusted net national income per capita (annual % growth) in Nigeria was reported at 10.18 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Adjusted net national income per capita (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Bank's Non-Interest Income to Total Income for Nigeria (DDEI03NGA156NWDB) from 2000 to 2021 about Nigeria, banks, depository institutions, and income.

The gross national income (GNI) in Nigeria decreased by 111.6 billion U.S. dollars (-24.03 percent) in 2023 in comparison 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.

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.