Merchandise export price index in Nigeria
Nigeria: Merchandise export price index was 304.77 1987 = 100 in 2005. ◆ Volatile
Merchandise export price index in Nigeria, 1965–2005
Source: World Bank country economists. Measured in 1987 = 100.
Analysis
Nigeria recorded 304.77 1987 = 100 for merchandise export price index in 2005. That is the highest value across all 41 years on record.
The figure is up 43.2% on the previous year and up 204.0% over ten years.
Over the whole period, merchandise export price index in Nigeria peaked at 304.77 1987 = 100 in 2005 and was at its lowest, 16.8 1987 = 100, in 1970.
Nigeria ranks 9th of 50 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 26.09 1987 = 100 | 20.43 1987 = 100 | 34.33 1987 = 100 | 5 |
| 1970s | 60.56 1987 = 100 | 16.8 1987 = 100 | 116.86 1987 = 100 | 10 |
| 1980s | 148.37 1987 = 100 | 82.89 1987 = 100 | 219.72 1987 = 100 | 10 |
| 1990s | 105.3 1987 = 100 | 71.28 1987 = 100 | 138.5 1987 = 100 | 10 |
| 2000s | 185.35 1987 = 100 | 136.24 1987 = 100 | 304.77 1987 = 100 | 6 |
Countries ranked near Nigeria
More trade data for Nigeria
- Milking, dairy machinery (trade) — Import Value 4,425 1000 USD (2007)
- Ploughs (e.g. reversible and non-reversible ploughs) — Import Value 5,185 1000 USD (2005)
- Pedestrian controlled tractors (single axle tractors) — Import Value 686 1000 USD (2007)
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 128.67 million FAO, current US$ (2010)
- Manure spreaders and Fertiliser distributors — Import Value 447 1000 USD (2007)
- Lead time to export, median case 3 days (2018)
- Food imports excluding fish 5.14 billion FAO, current US$ (2010)
- Total agricultural imports 5.64 billion FAO, current US$ (2010)
- Cereal imports 1.88 billion FAO, current US$ (2010)
Frequently asked questions
- What is merchandise export price index in Nigeria?
- Merchandise export price index in Nigeria was 304.77 1987 = 100 in 2005, according to World Bank country economists.
- What is the highest merchandise export price index recorded in Nigeria?
- The highest recorded value was 304.77 1987 = 100 in 2005.
- What is the lowest merchandise export price index recorded in Nigeria?
- The lowest recorded value was 16.8 1987 = 100 in 1970.
- How does Nigeria rank for merchandise export price index?
- Nigeria ranks 9th out of 50 countries with data for 2005.
- Is merchandise export price index rising or falling in Nigeria?
- Over the last ten years it is up 204.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of Merchandise export price index (1987 = 100). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This item is a price index measuring changes in the aggregate price level of a country's merchandise exports f.o.b. over time.