Palma ratio wid in Nigeria

Nigeria: Palma ratio wid was 4.06 in 2022. ▼ Falling

Latest (2022)
4.06
World rank
62nd
of 113 countries
All-time high
6.6
in 1992
All-time low
4.06
in 2022
Years of data
8
1985–2022

Palma ratio wid in Nigeria, 1985–2022

02461985200320221985: 51992: 6.62003: 5.42010: 4.32012: 4.32015: 4.42018: 4.32022: 4.1

Source: Our World in Data.

Analysis

In 2022, palma ratio wid in Nigeria stood at 4.06. That is the lowest value across all 8 years on record.

Compared with earlier readings it is down 5.3% over ten years.

Over the whole period, palma ratio wid in Nigeria peaked at 6.6 in 1992 and was at its lowest, 4.06, in 2022.

Nigeria ranks 62nd of 113 countries on this measure, in the middle of the range.

Palma ratio wid in Nigeria, year by year

Annual values for Palma ratio wid in Nigeria, 1985 to 2022.
Year Value Change
1985 4.95 —
1992 6.6 +33.3%
2003 5.43 -17.8%
2010 4.32 -20.4%
2012 4.29 -0.7%
2015 4.38 +2.0%
2018 4.28 -2.1%
2022 4.06 -5.2%

Nigeria compared with similar countries

  • Nigeria's 4.06 is below the median for lower middle income countries, which is 5.17, 79% of the median. (24 countries reporting)
  • Nigeria's 4.06 is below the median for Sub-Saharan Africa, which is 5.07, 80% of the median. (29 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1980s 4.95 4.95 4.95 1
1990s 6.6 6.6 6.6 1
2000s 5.43 5.43 5.43 1
2010s 4.32 4.28 4.38 4
2020s 4.06 4.06 4.06 1

Countries ranked near Nigeria

  1. 59 Niger 4.22 compare
  2. 60 Estonia 4.14 compare
  3. 61 Singapore 4.14 compare
  4. 63 Guinea-Bissau 4.03 compare
  5. 64 Iran 3.95 compare
  6. 65 Russia 3.9 compare

See the full ranking of 113 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is palma ratio wid in Nigeria?
Palma ratio wid in Nigeria was 4.06 in 2022, according to Our World in Data.
What is the highest palma ratio wid recorded in Nigeria?
The highest recorded value was 6.6 in 1992.
What is the lowest palma ratio wid recorded in Nigeria?
The lowest recorded value was 4.06 in 2022.
How does Nigeria rank for palma ratio wid?
Nigeria ranks 62nd out of 113 countries with data for 2022.
Is palma ratio wid rising or falling in Nigeria?
Over the last ten years it is down 5.3%. 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 wid. Statizoid updates them automatically from the source API.

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

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About this data

Indicator
Palma ratio wid
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
113 places, 3,075 data points, 1820–2024
Last refreshed