And $100 in Africa buys what $47.52 buys in Nigeria. Prices across Nigeria's economy average 48% of Africa's, so a dollar goes 2.1 times as far in Nigeria.
World Bank figures for 2025 unless another year is shown
Measure
Nigeria
Africa
Economy
Population
237.5 million
1.55 billion54 of 54 countries
GDPUS dollars, market exchange rates
$291 billion
$3.15 trillion52 of 54 countries
GDP per personUS dollars
$1,224
$2,05552 of 54 countries
GDP per person at PPPInternational dollars
$9,532
$7,60552 of 54 countries
Prices
Price levelUS prices = 100%
13%
27%52 of 54 countries
A US dollar goes as far as
$7.79 in the US
$3.70 in the US52 of 54 countries
Income
Median income or consumptionPer person, international dollars
$3.39 a day2022 survey · $1,237 a year · consumption
Medians don't add up
More figures: GDP at PPP, conversion factor and GNI▾
Gross national income is what residents earn, at home and abroad
Measure
Nigeria
Africa
GDP at PPPInternational dollars
$2.26 trillion
$11.6 trillion52 of 54 countries
PPP conversion factorLocal currency per international dollar
195.0Nigerian naira
Many currencies
GNI per person, Atlas methodUS dollars
$1,360
$2,00152 of 54 countries
GNI per person at PPPInternational dollars
$9,230
$7,38052 of 54 countries
World Bank income groups: Nigeria, lower middle income. Africa adds up its countries with 2025 figures (UN M49 regions); its per-person figures are the total over their population.
GDP per person at PPP· 2000 to 2025, in constant 2021 international dollarsAdjusted for inflation, so recent years read lower than the current-dollar figures above. Africa covers the 51 of its 54 countries with figures for every year, weighted by population.