Merchandise Terms of Trade in Nigeria
Nigeria: Merchandise Terms of Trade was 219.23 1987 = 100 in 2011. ▲ Rising
Latest (2011)
219.23 1987 = 100
Change on year
up 9.5%
World rank
10th
of 50 countries
All-time high
248.28 1987 = 100
in 1981
All-time low
55.71 1987 = 100
in 1972
Years of data
47
1965–2011
Merchandise Terms of Trade in Nigeria, 1965–2011
Source: World Bank country economists. Measured in 1987 = 100.
Analysis
The most recent figure for merchandise terms of trade in Nigeria is 219.23 1987 = 100, measured in 2011.
Compared with earlier readings it is up 9.5% on the previous year and up 71.8% over ten years.
Over the whole period, merchandise terms of trade in Nigeria peaked at 248.28 1987 = 100 in 1981 and was at its lowest, 55.71 1987 = 100, in 1972.
Nigeria ranks 10th of 50 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 47 years of available data.
Merchandise Terms of Trade in Nigeria, year by year
| Year | 1987 = 100 | Change |
|---|---|---|
| 1965 | 124.76 1987 = 100 | — |
| 1966 | 90.91 1987 = 100 | -27.1% |
| 1967 | 101.16 1987 = 100 | +11.3% |
| 1968 | 156.46 1987 = 100 | +54.7% |
| 1969 | 87.1 1987 = 100 | -44.3% |
| 1970 | 62.83 1987 = 100 | -27.9% |
| 1971 | 60.43 1987 = 100 | -3.8% |
| 1972 | 55.71 1987 = 100 | -7.8% |
| 1973 | 69.02 1987 = 100 | +23.9% |
| 1974 | 137.03 1987 = 100 | +98.5% |
| 1975 | 137.31 1987 = 100 | +0.2% |
| 1976 | 141.91 1987 = 100 | +3.4% |
| 1977 | 157.14 1987 = 100 | +10.7% |
| 1978 | 138.27 1987 = 100 | -12.0% |
| 1979 | 148.41 1987 = 100 | +7.3% |
| 1980 | 231.54 1987 = 100 | +56.0% |
| 1981 | 248.28 1987 = 100 | +7.2% |
| 1982 | 219.36 1987 = 100 | -11.7% |
| 1983 | 199.36 1987 = 100 | -9.1% |
| 1984 | 204.05 1987 = 100 | +2.3% |
| 1985 | 192.51 1987 = 100 | -5.7% |
| 1986 | 91.15 1987 = 100 | -52.7% |
| 1987 | 100 1987 = 100 | +9.7% |
| 1988 | 84.86 1987 = 100 | -15.1% |
| 1989 | 99.5 1987 = 100 | +17.2% |
| 1990 | 122.4 1987 = 100 | +23.0% |
| 1991 | 101.8 1987 = 100 | -16.8% |
| 1992 | 91.98 1987 = 100 | -9.6% |
| 1993 | 75.04 1987 = 100 | -18.4% |
| 1994 | 73.93 1987 = 100 | -1.5% |
| 1995 | 74.83 1987 = 100 | +1.2% |
| 1996 | 98.17 1987 = 100 | +31.2% |
| 1997 | 91.44 1987 = 100 | -6.9% |
| 1998 | 56.56 1987 = 100 | -38.1% |
| 1999 | 75.58 1987 = 100 | +33.6% |
| 2000 | 140.02 1987 = 100 | +85.3% |
| 2001 | 127.62 1987 = 100 | -8.9% |
| 2002 | 127.02 1987 = 100 | -0.5% |
| 2003 | 130.18 1987 = 100 | +2.5% |
| 2004 | 147.62 1987 = 100 | +13.4% |
| 2005 | 183.49 1987 = 100 | +24.3% |
| 2006 | 192.85 1987 = 100 | +5.1% |
| 2007 | 194.2 1987 = 100 | +0.7% |
| 2008 | 216.14 1987 = 100 | +11.3% |
| 2009 | 181.02 1987 = 100 | -16.2% |
| 2010 | 200.21 1987 = 100 | +10.6% |
| 2011 | 219.23 1987 = 100 | +9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 112.08 1987 = 100 | 87.1 1987 = 100 | 156.46 1987 = 100 | 5 |
| 1970s | 110.81 1987 = 100 | 55.71 1987 = 100 | 157.14 1987 = 100 | 10 |
| 1980s | 167.06 1987 = 100 | 84.86 1987 = 100 | 248.28 1987 = 100 | 10 |
| 1990s | 86.17 1987 = 100 | 56.56 1987 = 100 | 122.4 1987 = 100 | 10 |
| 2000s | 164.02 1987 = 100 | 127.02 1987 = 100 | 216.14 1987 = 100 | 10 |
| 2010s | 209.72 1987 = 100 | 200.21 1987 = 100 | 219.23 1987 = 100 | 2 |
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 terms of trade in Nigeria?
- Merchandise terms of trade in Nigeria was 219.23 1987 = 100 in 2011, according to World Bank country economists.
- What is the highest merchandise terms of trade recorded in Nigeria?
- The highest recorded value was 248.28 1987 = 100 in 1981.
- What is the lowest merchandise terms of trade recorded in Nigeria?
- The lowest recorded value was 55.71 1987 = 100 in 1972.
- How does Nigeria rank for merchandise terms of trade?
- Nigeria ranks 10th out of 50 countries with data for 2011.
- Is merchandise terms of trade rising or falling in Nigeria?
- Over the last ten years it is up 71.8%. 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 Merchandise Terms of Trade (1987 = 100). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net barter (merchandise) terms of trade (1987 = 100) are the ratio of the export price index to the corresponding import price index measured relative to the base year of 1987.