Merchandise import price index in Nigeria
Nigeria: Merchandise import price index was 166.09 in 2005. ▲ Rising
Latest (2005)
166.09
Change on year
up 15.2%
World rank
25th
of 50 countries
All-time high
166.09
in 2005
All-time low
21.94
in 1968
Years of data
41
1965–2005
Merchandise import price index in Nigeria, 1965–2005
Source: World Bank country economists.
Analysis
In 2005, merchandise import price index in Nigeria stood at 166.09. That is the highest value across all 41 years on record.
The figure is up 15.2% on the previous year and up 24.0% over ten years.
Over the whole period, merchandise import price index in Nigeria peaked at 166.09 in 2005 and was at its lowest, 21.94, in 1968.
That places Nigeria 25th out of 50 countries with data for 2005, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Merchandise import price index 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% |
| 1998 | 126.02 | +2.6% |
| 1999 | 124.84 | -0.9% |
| 2000 | 112.44 | -9.9% |
| 2001 | 106.76 | -5.0% |
| 2002 | 109.95 | +3.0% |
| 2003 | 123.88 | +12.7% |
| 2004 | 144.13 | +16.3% |
| 2005 | 166.09 | +15.2% |
Nigeria compared with similar countries
- Nigeria's 166.09 is below the median for lower middle income countries, which is 175.76, 95% of the median. (24 countries reporting)
- Nigeria's 166.09 is above the median for Sub-Saharan Africa, which is 155.08, 1.1× the median. (45 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 | 122.91 | 113.15 | 133.98 | 10 |
| 2000s | 127.21 | 106.76 | 166.09 | 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 import price index in Nigeria?
- Merchandise import price index in Nigeria was 166.09 in 2005, according to World Bank country economists.
- What is the highest merchandise import price index recorded in Nigeria?
- The highest recorded value was 166.09 in 2005.
- What is the lowest merchandise import price index recorded in Nigeria?
- The lowest recorded value was 21.94 in 1968.
- How does Nigeria rank for merchandise import price index?
- Nigeria ranks 25th out of 50 countries with data for 2005.
- Is merchandise import price index rising or falling in Nigeria?
- Over the last ten years it is up 24.0%. 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 Merchandise import price index. 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
Total merchandise imports price index with 1987=100.