Income share of the richest 1%: World Inequality Database vs. World Bank in Nigeria

Nigeria: Income share of the richest 1%: World Inequality Database vs. World Bank was 12.0% in 2022. ▲ Rising

Latest (2022)
12.0%
World rank
64th
of 109 countries
All-time high
12.8%
in 2003
All-time low
8.9%
in 1985
Years of data
8
1985–2022

Income share of the richest 1%: World Inequality Database vs. World Bank in Nigeria, 1985–2022

0510151985200320221985: 8.9 %1992: 10.6 %2003: 12.8 %2010: 9.6 %2012: 9.2 %2015: 9.8 %2018: 11.1 %2022: 12 %

Source: World Inequality Database (WID.world) (2026) – with major processing by Our World in Data. Measured in %.

Analysis

Nigeria recorded 12.0% for income share of the richest 1%: world inequality database vs. world bank in 2022.

Compared with earlier readings it is up 30.1% over ten years.

Over the whole period, income share of the richest 1%: world inequality database vs. world bank in Nigeria peaked at 12.8% in 2003 and was at its lowest, 8.9%, in 1985.

Nigeria ranks 64th of 109 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
1980s 8.9% 8.9% 8.9% 1
1990s 10.6% 10.6% 10.6% 1
2000s 12.8% 12.8% 12.8% 1
2010s 9.9% 9.2% 11.1% 4
2020s 12.0% 12.0% 12.0% 1

Countries ranked near Nigeria

  1. 61 China 12.6% compare
  2. 62 Benin 12.5% compare
  3. 63 Ecuador 12.0% compare
  4. 65 South Korea 11.9% compare
  5. 66 Mali 11.6% compare
  6. 67 Argentina 11.6% compare

See the full ranking of 109 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is income share of the richest 1%: world inequality database vs. world bank in Nigeria?
Income share of the richest 1%: world inequality database vs. world bank in Nigeria was 12.0% in 2022, according to World Inequality Database (WID.world) (2026) – with major processing by Our World in Data.
What is the highest income share of the richest 1%: world inequality database vs. world bank recorded in Nigeria?
The highest recorded value was 12.8% in 2003.
What is the lowest income share of the richest 1%: world inequality database vs. world bank recorded in Nigeria?
The lowest recorded value was 8.9% in 1985.
How does Nigeria rank for income share of the richest 1%: world inequality database vs. world bank?
Nigeria ranks 64th out of 109 countries with data for 2022.
Is income share of the richest 1%: world inequality database vs. world bank rising or falling in Nigeria?
Over the last ten years it is up 30.1%. The long-run trend across the full record is rising.
Where does this Nigeria data come from?
The figures come from World Inequality Database (WID.world) (2026) – with major processing by Our World in Data, published as part of Income share of the richest 1%: World Inequality Database vs. World Bank. Statizoid updates them automatically from the source API.

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About this data

Indicator
Income share of the richest 1%: World Inequality Database vs. World Bank
Unit
%
Source
World Inequality Database (WID.world) (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
109 places, 2,196 data points, 1913–2024
Last refreshed

The share of income received by the richest 1% of the population. Income here is measured after taxes and benefits.