Palma ratio wb in Nigeria

Nigeria: Palma ratio wb was 1.35 in 2022. ▼ Falling

Latest (2022)
1.35
World rank
61st
of 120 countries
All-time high
3.57
in 1996
All-time low
1.35
in 2022
Years of data
9
1985–2022

Palma ratio wb in Nigeria, 1985–2022

012341985200320221985: 1.71992: 2.41996: 3.62003: 1.92010: 1.52012: 1.42015: 1.52018: 1.42022: 1.3

Source: Our World in Data.

Analysis

The most recent figure for palma ratio wb in Nigeria is 1.35, measured in 2022. That is the lowest value across all 9 years on record.

The figure is down 6.9% over ten years.

Over the whole period, palma ratio wb in Nigeria peaked at 3.57 in 1996 and was at its lowest, 1.35, in 2022.

That places Nigeria 61st out of 120 countries with data for 2022, putting it in the middle of the range.

Palma ratio wb in Nigeria, year by year

Annual values for Palma ratio wb in Nigeria, 1985 to 2022.
Year Value Change
1985 1.72 —
1992 2.42 +40.9%
1996 3.57 +47.5%
2003 1.86 -47.9%
2010 1.45 -21.8%
2012 1.44 -0.7%
2015 1.47 +2.0%
2018 1.43 -2.9%
2022 1.35 -5.9%

Nigeria compared with similar countries

  • Nigeria's 1.35 is below the median for lower middle income countries, which is 1.45, 93% of the median. (29 countries reporting)
  • Nigeria's 1.35 is below the median for Sub-Saharan Africa, which is 1.65, 81% of the median. (26 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1980s 1.72 1.72 1.72 1
1990s 2.99 2.42 3.57 2
2000s 1.86 1.86 1.86 1
2010s 1.45 1.43 1.47 4
2020s 1.35 1.35 1.35 1

Countries ranked near Nigeria

  1. 58 Jordan 1.35 compare
  2. 59 Tunisia 1.35 compare
  3. 60 Pakistan 1.35 compare
  4. 62 Montenegro 1.34 compare
  5. 63 Georgia 1.34 compare
  6. 64 Latvia 1.34 compare

See the full ranking of 120 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is palma ratio wb in Nigeria?
Palma ratio wb in Nigeria was 1.35 in 2022, according to Our World in Data.
What is the highest palma ratio wb recorded in Nigeria?
The highest recorded value was 3.57 in 1996.
What is the lowest palma ratio wb recorded in Nigeria?
The lowest recorded value was 1.35 in 2022.
How does Nigeria rank for palma ratio wb?
Nigeria ranks 61st out of 120 countries with data for 2022.
Is palma ratio wb rising or falling in Nigeria?
Over the last ten years it is down 6.9%. The long-run trend across the full record is falling.
Where does this Nigeria data come from?
The figures come from Our World in Data, published as part of Palma ratio wb. Statizoid updates them automatically from the source API.

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Palma ratio wb in Nigeria. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/palma-ratio-wb/nigeria/

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About this data

Indicator
Palma ratio wb
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
120 places, 2,152 data points, 1963–2025
Last refreshed