DEC alternative conversion factor in Nigeria

Nigeria: DEC alternative conversion factor was 1,478 ratio in 2024. ◆ Volatile

Latest (2024)
1,478 ratio
Change on year
up 129.4%
World rank
26th
of 225 countries
All-time high
1,478 ratio
in 2024
All-time low
102.11 ratio
in 2000
Years of data
25
2000–2024

DEC alternative conversion factor in Nigeria, 2000–2024

05001.0k1.5k2000201220242000: 102.1 ratio2001: 111.9 ratio2002: 121 ratio2003: 129.4 ratio2004: 133.5 ratio2005: 131.6 ratio2006: 127.4 ratio2007: 124.6 ratio2008: 117.7 ratio2009: 147.3 ratio2010: 148.8 ratio2011: 152.3 ratio2012: 155.9 ratio2013: 155.8 ratio2014: 157 ratio2015: 193 ratio2016: 253.5 ratio2017: 305.8 ratio2018: 306.1 ratio2019: 306.9 ratio2020: 356.9 ratio2021: 399.4 ratio2022: 423.9 ratio2023: 644.3 ratio2024: 1.5k ratio

Source: United Nations Statistics Division, SDG Global Database. Measured in ratio.

Analysis

The most recent figure for dec alternative conversion factor in Nigeria is 1,478 ratio, measured in 2024. That is the highest value across all 25 years on record.

That represents a change of up 129.4% on the previous year and up 841.5% over ten years.

Over the whole period, dec alternative conversion factor in Nigeria peaked at 1,478 ratio in 2024 and was at its lowest, 102.11 ratio, in 2000.

That places Nigeria 26th out of 225 countries with data for 2024, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

DEC alternative conversion factor in Nigeria, year by year

Annual values for DEC alternative conversion factor (in local currency unit per United States dollar) in Nigeria, 2000 to 2024.
Year ratio Change
2000 102.11 ratio —
2001 111.95 ratio +9.6%
2002 121 ratio +8.1%
2003 129.44 ratio +7.0%
2004 133.5 ratio +3.1%
2005 131.62 ratio -1.4%
2006 127.38 ratio -3.2%
2007 124.62 ratio -2.2%
2008 117.69 ratio -5.6%
2009 147.32 ratio +25.2%
2010 148.81 ratio +1.0%
2011 152.33 ratio +2.4%
2012 155.94 ratio +2.4%
2013 155.75 ratio -0.1%
2014 156.98 ratio +0.8%
2015 193.05 ratio +23.0%
2016 253.49 ratio +31.3%
2017 305.79 ratio +20.6%
2018 306.08 ratio +0.1%
2019 306.92 ratio +0.3%
2020 356.9 ratio +16.3%
2021 399.42 ratio +11.9%
2022 423.89 ratio +6.1%
2023 644.3 ratio +52.0%
2024 1,478 ratio +129.4%

Nigeria compared with similar countries

  • Nigeria's 1,478 ratio is above the median for lower middle income countries, which is 111.14 ratio, 13.3× the median. (43 countries reporting)
  • Nigeria's 1,478 ratio is above the median for Sub-Saharan Africa, which is 606.35 ratio, 2.4× the median. (45 countries reporting)

Biggest year-on-year movements

Years where DEC alternative conversion factor in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2024 +129.4% 644.3 ratio 1,478 ratio

Averages by decade

DecadeAverage LowestHighest Years
2000s 124.66 ratio 102.11 ratio 147.32 ratio 10
2010s 213.51 ratio 148.81 ratio 306.92 ratio 10
2020s 660.48 ratio 356.9 ratio 1,478 ratio 5

Countries ranked near Nigeria

  1. 23 Yemen 1,824 ratio compare
  2. 24 Malawi 1,738 ratio compare
  3. 25 Sudan 1,568 ratio compare
  4. 27 Republic of Korea 1,363 ratio compare
  5. 27 South Korea 1,363 ratio compare
  6. 29 Rwanda 1,318 ratio compare

See the full ranking of 229 places →

More development goals data for Nigeria

All data for Nigeria →

Frequently asked questions

What is dec alternative conversion factor in Nigeria?
Dec alternative conversion factor in Nigeria was 1,478 ratio in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest dec alternative conversion factor recorded in Nigeria?
The highest recorded value was 1,478 ratio in 2024.
What is the lowest dec alternative conversion factor recorded in Nigeria?
The lowest recorded value was 102.11 ratio in 2000.
How does Nigeria rank for dec alternative conversion factor?
Nigeria ranks 26th out of 225 countries with data for 2024.
Is dec alternative conversion factor rising or falling in Nigeria?
Over the last ten years it is up 841.5%. The long-run trend across the full record is volatile.
Where does this Nigeria data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of DEC alternative conversion factor (in local currency unit per United States dollar). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).

Share, cite or embed this page

Cite this page

DEC alternative conversion factor in Nigeria. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 30 September 2026, from https://development-goals.statizoid.com/stat/dec-alternative-conversion-factor-in-local-currency-unit-per-united-states-dollar/nigeria/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under UN SDG Global Database (open, attribution requested); please keep the attribution.

<a href="https://development-goals.statizoid.com/stat/dec-alternative-conversion-factor-in-local-currency-unit-per-united-states-dollar/nigeria/">DEC alternative conversion factor in Nigeria</a> — Statizoid

About this data

Indicator
DEC alternative conversion factor (in local currency unit per United States dollar)
Unit
ratio
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
229 places, 5,688 data points, 2000–2024
Last refreshed