Prices & public finance · Sub-Saharan Africa · Lower-middle income
Nigeria: prices, money and public finance
Inflation is 23.0% (2025), 10th of 180 in the world and 6th of 44 in Sub-Saharan Africa. GDP deflator is 13.9% (2025), 20th of 209 in the world and 8th of 46 in Sub-Saharan Africa. Lending rate is 18.5% (2025), 18th of 136 in the world and 9th of 36 in Sub-Saharan Africa.
Inflation
NigeriaSub-Saharan AfricaLower-middle incomeWorld
GDP deflator
NigeriaSub-Saharan AfricaLower-middle incomeWorld
10 indicators
Prices & public finance: Nigeria in detail
Latest reported value, world rank and rank within Sub-Saharan Africa; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 23.0%2025 | 10/180 | 6/44 | 6.9% | 13.7% | 13.2% | +14.0 ppsince 2015 | 3.4% | 3.6% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 13.9%2025 | 20/209 | 8/46 | 22.7% | 16.3% | 11.3% | +11.0 ppsince 2015 | 4.1% | 5.0% | 3.3% | |
| Lending rateLending interest rate, % | 18.5%2025 | 18/136 | 9/36 | 21.3% | 17.6% | 13.6% | +1.6 ppsince 2015 | — | — | — | |
| Real interest rateReal interest rate, % | 4.0%2025 | 80/136 | 26/36 | -1.1% | 1.1% | 2.1% | −9.6 ppsince 2015 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 1,518.382025 | 19/210 | 8/47 | 101.70 | 150.30 | 358.81 | +689%since 2015 | — | — | — | |
| External debtExternal debt stocks, % of GNI | 60.0%2024 | 38/119 | 12/43 | · | 8.4% | 20.5% | +51.6 ppsince 2014 | — | 30.1% | — | |
| Private creditDomestic credit to private sector, % of GDP | 13.2%2023 | 146/169 | 25/42 | 8.2% | 13.5% | 8.8% | +1.7 ppsince 2013 | 31.7% | 38.7% | 140.3% | |
| Broad moneyBroad money, % of GDP | 28.7%2025 | 126/146 | 25/42 | 14.7% | 21.4% | 18.2% | +6.4 ppsince 2015 | 42.6% | 67.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 7.12025 | 38/165 | 3/32 | 7.9 | 4.4 | 5.8 | +75%since 2015 | 6.1 | 7.7 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 0.91%2025 | 120/156 | 31/45 | 0.54% | 0.54% | 0.63% | +0.5 ppsince 2015 | 1.13% | 1.92% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Reserves, months of imports+75%7.1 in 2025
Worse than ten years ago
- Inflation+14.0 pp23.0% in 2025
- External debt+51.6 pp60.0% in 2024
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Nigeria and its neighbours
Countries sharing a land border with Nigeria. Latest values since 2005; the highest in each row is marked.
| Indicator | Nigeria | Cameroon | Niger | Chad | Benin | São Tomé and Príncipe |
|---|---|---|---|---|---|---|
| Inflation | 23.0%2025 | 3.4%2025 | -4.5%2025 | -3.9%2025 | 1.1%2025 | 11.0%2025 |
| GDP deflator | 13.9%2025 | 2.8%2025 | -1.6%2025 | -2.0%2025 | 1.6%2025 | 11.9%2025 |
| Lending rate | 18.5%2025 | — | 5.3%2016 | — | 6.2%2021 | 17.7%2025 |
| Real interest rate | 4.0%2025 | — | 2.6%2016 | — | 4.6%2021 | 5.2%2025 |
| Exchange rate | 1,518.382025 | 581.932025 | 581.932025 | 581.932025 | 581.932025 | 21.752025 |
| External debt | 60.0%2024 | 31.3%2024 | 27.5%2024 | 16.4%2024 | 66.6%2024 | 42.7%2024 |
| Private credit | 13.2%2023 | 14.1%2019 | 9.6%2025 | 8.3%2021 | 19.8%2025 | 7.8%2023 |
| Broad money | 28.7%2025 | 21.4%2018 | 17.3%2025 | 16.0%2021 | 29.6%2025 | 21.4%2025 |
| Reserves, months of imports | 7.12025 | 5.32024 | — | — | — | 2.72024 |