Ghana vs Nigeria: Real Effective Exchange Rate
Ghana
67
in 2018
Nigeria
58.47
in 2024
Ghana rank
103rd
Nigeria rank
105th
Real Effective Exchange Rate over time
- Ghana
- Nigeria
How they compare
Ghana currently reports 67 against 58.47 in Nigeria, a difference of 8.53.
That makes Ghana's figure about 1.1 times Nigeria's.
The two have swapped places 1 time across 19 shared years of data; in 2000 it was Ghana ahead.
Ghana ranks 103rd and Nigeria ranks 105th of 107 countries.
Across the 2 decades both report, Ghana averaged higher in 1 and Nigeria in 1.
Head to head by decade
| Decade | Ghana | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 100.17 | 84.35 | 15.82 | Ghana |
| 2010s | 78.89 | 108.36 | 29.47 | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real effective exchange rate, Ghana or Nigeria?
- Ghana, at 67 against 58.47 in Nigeria as of 2018.
- What is the difference in real effective exchange rate between Ghana and Nigeria?
- 8.53, with Ghana ahead.
- How many years of comparable data are there for Ghana and Nigeria?
- 19 years are reported by both, from 2000 to 2018.
- How do Ghana and Nigeria rank globally for real effective exchange rate?
- Ghana ranks 103rd and Nigeria ranks 105th of 107 countries.
- Where does this data come from?
- World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as Real Effective Exchange Rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.