Import price index, (nonfactor) services in Nigeria
Nigeria: Import price index, (nonfactor) services was 122.77 in 1997. ▲ Rising
Import price index, (nonfactor) services in Nigeria, 1965–1997
Source: World Bank country economists.
Analysis
The most recent figure for import price index, (nonfactor) services in Nigeria is 122.77, measured in 1997.
That represents a change of down 5.8% on the previous year and up 22.8% over ten years.
Over the whole period, import price index, (nonfactor) services in Nigeria peaked at 133.98 in 1995 and was at its lowest, 21.94, in 1968.
That places Nigeria 17th out of 31 countries with data for 1997, putting it in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Import price index, (nonfactor) services in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1965 | 22.31 | — |
| 1966 | 25.63 | +14.9% |
| 1967 | 24.26 | -5.3% |
| 1968 | 21.94 | -9.6% |
| 1969 | 23.45 | +6.9% |
| 1970 | 26.74 | +14.0% |
| 1971 | 30.32 | +13.4% |
| 1972 | 33.2 | +9.5% |
| 1973 | 39.65 | +19.4% |
| 1974 | 49.32 | +24.4% |
| 1975 | 53.51 | +8.5% |
| 1976 | 54.24 | +1.4% |
| 1977 | 59.86 | +10.4% |
| 1978 | 69.16 | +15.5% |
| 1979 | 78.74 | +13.9% |
| 1980 | 89.06 | +13.1% |
| 1981 | 88.49 | -0.6% |
| 1982 | 84.94 | -4.0% |
| 1983 | 83.53 | -1.7% |
| 1984 | 82 | -1.8% |
| 1985 | 80.83 | -1.4% |
| 1986 | 90.94 | +12.5% |
| 1987 | 100 | +10.0% |
| 1988 | 108.3 | +8.3% |
| 1989 | 107.74 | -0.5% |
| 1990 | 113.15 | +5.0% |
| 1991 | 115.24 | +1.8% |
| 1992 | 119.82 | +4.0% |
| 1993 | 119.28 | -0.5% |
| 1994 | 123.72 | +3.7% |
| 1995 | 133.98 | +8.3% |
| 1996 | 130.29 | -2.8% |
| 1997 | 122.77 | -5.8% |
Nigeria compared with similar countries
- Nigeria's 122.77 is below the median for Sub-Saharan Africa, which is 128.38, 96% of the median. (28 countries reporting)
- Nigeria's 122.77 is above the median for lower middle income countries, which is 110.86, 1.1× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 23.52 | 21.94 | 25.63 | 5 |
| 1970s | 49.47 | 26.74 | 78.74 | 10 |
| 1980s | 91.58 | 80.83 | 108.3 | 10 |
| 1990s | 122.28 | 113.15 | 133.98 | 8 |
Countries ranked near Nigeria
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)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 85.81 (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)
Frequently asked questions
- What is import price index, (nonfactor) services in Nigeria?
- Import price index, (nonfactor) services in Nigeria was 122.77 in 1997, according to World Bank country economists.
- What is the highest import price index, (nonfactor) services recorded in Nigeria?
- The highest recorded value was 133.98 in 1995.
- What is the lowest import price index, (nonfactor) services recorded in Nigeria?
- The lowest recorded value was 21.94 in 1968.
- How does Nigeria rank for import price index, (nonfactor) services?
- Nigeria ranks 17th out of 31 countries with data for 1997.
- Is import price index, (nonfactor) services rising or falling in Nigeria?
- Over the last ten years it is up 22.8%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of Import price index, (nonfactor) services. Statizoid updates them automatically from the source API.
Download this data
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About this data
Measuring changes in the aggregate price level of a country's non-factor services imports c.i.f. over time with 1987 price index=100.