And $100 in South Africa buys what $30.95 buys in Nigeria. Prices across Nigeria's economy average 31% of South Africa's, so a dollar goes 3.2 times as far in Nigeria.
World Bank figures for 2025 unless another year is shown
Measure
Nigeria
South Africa
Economy
Population
237.5 million
64.7 million
GDPUS dollars, market exchange rates
$291 billion
$427 billion
GDP per personUS dollars
$1,224
$6,598
GDP per person at PPPInternational dollars
$9,532
$15,906
Prices
Price levelUS prices = 100%
13%
41%
A US dollar goes as far as
$7.79 in the US
$2.41 in the US
Income
Median income or consumptionPer person, international dollars
$3.39 a day2022 survey · $1,237 a year · consumption
$6.56 a day2022 survey · $2,394 a year · consumption
More figures: GDP at PPP, conversion factor and GNI▾
Gross national income is what residents earn, at home and abroad
Measure
Nigeria
South Africa
GDP at PPPInternational dollars
$2.26 trillion
$1.03 trillion
PPP conversion factorLocal currency per international dollar
195.0Nigerian naira
7.420South African rand
GNI per person, Atlas methodUS dollars
$1,360
$6,270
GNI per person at PPPInternational dollars
$9,230
$15,600
World Bank income groups: Nigeria, lower middle income; South Africa, upper middle income.
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.