Commodity Import Price Index, Individual Commodites Weighted by Ratio in Nigeria
Nigeria: Commodity Import Price Index, Individual Commodites Weighted by Ratio was 85.81 in 2025. ▼ Falling
Commodity Import Price Index, Individual Commodites Weighted by Ratio in Nigeria, 1962–2025
Source: International Monetary Fund.
Analysis
The most recent figure for commodity import price index, individual commodites weighted by ratio in Nigeria is 85.81, measured in 2025.
Compared with earlier readings it is down 13.6% on the previous year and up 12.4% over ten years.
Over the whole period, commodity import price index, individual commodites weighted by ratio in Nigeria peaked at 176.35 in 1974 and was at its lowest, 49.17, in 1999.
That places Nigeria 18th out of 180 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently falling across the 64 years of available data.
Commodity Import Price Index, Individual Commodites Weighted by Ratio in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1962 | 103.22 | — |
| 1963 | 117.94 | +14.3% |
| 1964 | 114.39 | -3.0% |
| 1965 | 98.63 | -13.8% |
| 1966 | 94.69 | -4.0% |
| 1967 | 92.84 | -1.9% |
| 1968 | 89.35 | -3.8% |
| 1969 | 97.82 | +9.5% |
| 1970 | 94.78 | -3.1% |
| 1971 | 86.88 | -8.3% |
| 1972 | 98.24 | +13.1% |
| 1973 | 141.2 | +43.7% |
| 1974 | 176.35 | +24.9% |
| 1975 | 126.73 | -28.1% |
| 1976 | 122.53 | -3.3% |
| 1977 | 115.82 | -5.5% |
| 1978 | 109.28 | -5.7% |
| 1979 | 119.04 | +8.9% |
| 1980 | 136.57 | +14.7% |
| 1981 | 115.3 | -15.6% |
| 1982 | 95.91 | -16.8% |
| 1983 | 94.58 | -1.4% |
| 1984 | 83.43 | -11.8% |
| 1985 | 77.02 | -7.7% |
| 1986 | 68.46 | -11.1% |
| 1987 | 70.28 | +2.7% |
| 1988 | 72.08 | +2.6% |
| 1989 | 72.39 | +0.4% |
| 1990 | 70.27 | -2.9% |
| 1991 | 59.84 | -14.8% |
| 1992 | 62.31 | +4.1% |
| 1993 | 57.99 | -6.9% |
| 1994 | 62.01 | +6.9% |
| 1995 | 65.21 | +5.2% |
| 1996 | 63.63 | -2.4% |
| 1997 | 60.03 | -5.7% |
| 1998 | 52.5 | -12.5% |
| 1999 | 49.17 | -6.3% |
| 2000 | 54.95 | +11.8% |
| 2001 | 51.9 | -5.6% |
| 2002 | 53.89 | +3.8% |
| 2003 | 56.19 | +4.3% |
| 2004 | 60.16 | +7.1% |
| 2005 | 68.55 | +14.0% |
| 2006 | 85.37 | +24.5% |
| 2007 | 84.71 | -0.8% |
| 2008 | 99.95 | +18.0% |
| 2009 | 86.77 | -13.2% |
| 2010 | 99.51 | +14.7% |
| 2011 | 114.27 | +14.8% |
| 2012 | 100 | -12.5% |
| 2013 | 104.29 | +4.3% |
| 2014 | 98.27 | -5.8% |
| 2015 | 76.31 | -22.3% |
| 2016 | 82.49 | +8.1% |
| 2017 | 87.06 | +5.5% |
| 2018 | 90.6 | +4.1% |
| 2019 | 83.4 | -8.0% |
| 2020 | 82.47 | -1.1% |
| 2021 | 103.51 | +25.5% |
| 2022 | 112.28 | +8.5% |
| 2023 | 108.34 | -3.5% |
| 2024 | 99.27 | -8.4% |
| 2025 | 85.81 | -13.6% |
Nigeria compared with similar countries
- Nigeria's 85.81 is above the median for lower middle income countries, which is 73.11, 1.2× the median. (45 countries reporting)
- Nigeria's 85.81 is above the median for Sub-Saharan Africa, which is 70.38, 1.2× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 101.11 | 89.35 | 117.94 | 8 |
| 1970s | 119.08 | 86.88 | 176.35 | 10 |
| 1980s | 88.6 | 68.46 | 136.57 | 10 |
| 1990s | 60.29 | 49.17 | 70.27 | 10 |
| 2000s | 70.24 | 51.9 | 99.95 | 10 |
| 2010s | 93.62 | 76.31 | 114.27 | 10 |
| 2020s | 98.61 | 82.47 | 112.28 | 6 |
Countries ranked near Nigeria
- 15 Switzerland 86.72 compare
- 16 United Arab Emirates 86.08 compare
- 17 Hungary 85.88 compare
- 19 Angola 85.76 compare
- 20 United Kingdom of Great Britain and Northern Ireland 85.55 compare
- 21 Estonia 85.35 compare
More trade data for Nigeria
- Commodity Net Export Price Index, Individual Commodities Weighted by 66.76 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 93.8 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 93.58 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 63.43 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 99.77 (2025)
- Imports of low carbon technology products, Percent of GDP 0.5627 (2024)
- Imports of low carbon technology products, US dollar (World), per 6.1 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0056 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 42.54 million (2024)
- Exports of low carbon technology products, US dollar (World), per 0.1828 units per person (2024)
Frequently asked questions
- What is commodity import price index, individual commodites weighted by ratio in Nigeria?
- Commodity import price index, individual commodites weighted by ratio in Nigeria was 85.81 in 2025, according to International Monetary Fund.
- What is the highest commodity import price index, individual commodites weighted by ratio recorded in Nigeria?
- The highest recorded value was 176.35 in 1974.
- What is the lowest commodity import price index, individual commodites weighted by ratio recorded in Nigeria?
- The lowest recorded value was 49.17 in 1999.
- How does Nigeria rank for commodity import price index, individual commodites weighted by ratio?
- Nigeria ranks 18th out of 180 countries with data for 2025.
- Is commodity import price index, individual commodites weighted by ratio rising or falling in Nigeria?
- Over the last ten years it is up 12.4%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Commodity Import Price Index, Individual Commodites Weighted by Ratio of Imports to Total Commodity Imports (Historical, Fixed Weights, Index). Statizoid updates them automatically from the source API.
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About this data
CTOT is a comprehensive database of country-specific commodity price indices for 182 economies covering the period from 1962 onwards. For each country, the change in the international price of up to 45 individual commodities is weighted using commodity-level trade data. The database includes a commodity terms-of-trade index—which proxies the windfall gains and losses of income associated with changes in world prices—as well as additional country-specific series, including commodity export and import price indices. It includes indices that are constructed using, alternatively, fixed weights (based on average trade flows over several decades) and time-varying weights (which can account for time variation in the mix of commodities traded and the overall importance of commodities in economic activity)