In 2023, the national gross income per capita in Nigeria stood at ***** U.S. dollars. Between 2008 and 2023, the figure dropped by ** U.S. dollars, though the decline followed an uneven course rather than a steady trajectory.

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.

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;

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.

The Gross Domestic Product per capita in Nigeria was last recorded at 2447.64 US dollars in 2024. 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.

As of 2023, the highest average salary in Nigeria was received by people employed in the field of executive management and change - ****** U.S. dollars per year. Professionals in financial services and program management followed, with a mean annual salary reaching ****** and ****** 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 ***** U.S. dollars.

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.

Monthly and long-term Nigeria GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

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 .

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.

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: 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;

Key information about Nigeria GDP Per Capita

• Nigeria Gross Domestic Product (GDP) per Capita reached 2,955.323 USD in Dec 2022, compared with 2,853.939 USD in Dec 2021.
• Nigeria GDP Per Capita data is updated yearly, available from Dec 1981 to Dec 2022, with an average number of 581.492 USD.
• The data reached an all-time high of 3,315.550 USD in Dec 2019 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 and 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 4.233 % YoY in Jun 2025.
• Nigeria Nominal GDP reached 63.773 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) fell 55.656 % in Mar 2025.
• Gross Savings Rate of Nigeria was measured at 48.458 % in Dec 2024.

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.

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 November of 2025.

The gross domestic product (GDP) per capita in Nigeria amounted to 1,083.51 U.S. dollars in 2024. Between 1990 and 2024, the GDP per capita rose by 148.33 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 599 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.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 rates and then divided by the total population. The gross domestic product 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).

Retirement Notice: This item is in mature support as of November 2025 and will be retired in December 2026. A replacement item has not been identified at this time. Esri recommends updating your maps and apps to phase out use of this item. This layer 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: 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: GDP: GNI per Capita data was reported at 583,553.405 NGN in 2017. This records an increase from the previous number of 539,655.439 NGN for 2016. Nigeria NG: GDP: GNI per Capita data is updated yearly, averaging 1,924.246 NGN from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 583,553.405 NGN in 2017 and a record low of 66.048 NGN in 1960. Nigeria NG: GDP: GNI per Capita 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 is gross national income divided by midyear population. GNI (formerly GNP) 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. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Nigeria: Cost of starting a business, % of income per capita: The latest value from 2019 is 26.1 percent of per capita GNI, a decline from 27.6 percent of per capita GNI in 2018. In comparison, the world average is 19.87 percent of per capita GNI, based on data from 185 countries. Historically, the average for Nigeria from 2013 to 2019 is 33.93 percent of per capita GNI. The minimum value, 26.1 percent of per capita GNI, was reached in 2019 while the maximum of 58.7 percent of per capita GNI was recorded in 2013.