Merchandise export price index (1987 = 100) in Nigeria
Nigeria: Merchandise export price index (1987 = 100) was 304.77 1987 = 100 in 2005. ◆ Volatile
Latest (2005)
304.77 1987 = 100
Change on year
up 43.2%
World rank
9th
of 50 countries
All-time high
304.77 1987 = 100
in 2005
All-time low
16.8 1987 = 100
in 1970
Years of data
41
1965–2005
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.
Merchandise export price index (1987 = 100) in Nigeria, year by year
| Year | 1987 = 100 | Change |
|---|---|---|
| 1965 | 27.83 1987 = 100 | — |
| 1966 | 23.3 1987 = 100 | -16.3% |
| 1967 | 24.54 1987 = 100 | +5.3% |
| 1968 | 34.33 1987 = 100 | +39.9% |
| 1969 | 20.43 1987 = 100 | -40.5% |
| 1970 | 16.8 1987 = 100 | -17.7% |
| 1971 | 18.32 1987 = 100 | +9.0% |
| 1972 | 18.5 1987 = 100 | +1.0% |
| 1973 | 27.37 1987 = 100 | +47.9% |
| 1974 | 67.59 1987 = 100 | +147.0% |
| 1975 | 73.47 1987 = 100 | +8.7% |
| 1976 | 76.97 1987 = 100 | +4.8% |
| 1977 | 94.07 1987 = 100 | +22.2% |
| 1978 | 95.63 1987 = 100 | +1.7% |
| 1979 | 116.86 1987 = 100 | +22.2% |
| 1980 | 206.2 1987 = 100 | +76.4% |
| 1981 | 219.72 1987 = 100 | +6.6% |
| 1982 | 186.31 1987 = 100 | -15.2% |
| 1983 | 166.52 1987 = 100 | -10.6% |
| 1984 | 167.31 1987 = 100 | +0.5% |
| 1985 | 155.6 1987 = 100 | -7.0% |
| 1986 | 82.89 1987 = 100 | -46.7% |
| 1987 | 100 1987 = 100 | +20.6% |
| 1988 | 91.9 1987 = 100 | -8.1% |
| 1989 | 107.2 1987 = 100 | +16.6% |
| 1990 | 138.5 1987 = 100 | +29.2% |
| 1991 | 117.31 1987 = 100 | -15.3% |
| 1992 | 110.21 1987 = 100 | -6.1% |
| 1993 | 89.5 1987 = 100 | -18.8% |
| 1994 | 91.46 1987 = 100 | +2.2% |
| 1995 | 100.26 1987 = 100 | +9.6% |
| 1996 | 127.91 1987 = 100 | +27.6% |
| 1997 | 112.25 1987 = 100 | -12.2% |
| 1998 | 71.28 1987 = 100 | -36.5% |
| 1999 | 94.36 1987 = 100 | +32.4% |
| 2000 | 157.43 1987 = 100 | +66.9% |
| 2001 | 136.24 1987 = 100 | -13.5% |
| 2002 | 139.66 1987 = 100 | +2.5% |
| 2003 | 161.26 1987 = 100 | +15.5% |
| 2004 | 212.76 1987 = 100 | +31.9% |
| 2005 | 304.77 1987 = 100 | +43.2% |
Nigeria compared with similar countries
- Nigeria's 304.77 1987 = 100 is above the median for lower middle income countries, which is 200.55 1987 = 100, 1.5× the median. (24 countries reporting)
- Nigeria's 304.77 1987 = 100 is above the median for Sub-Saharan Africa, which is 143.67 1987 = 100, 2.1× the median. (45 countries reporting)
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
- 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 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
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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.