Nigeria - Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in Nigeria was 7.85 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 219.00 in 1981 and a minimum value of -3.09 in 1963.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 6.26
1962 5.57
1963 -3.09
1964 2.43
1965 0.86
1966 13.19
1967 -3.01
1968 1.22
1969 2.71
1970 51.28
1971 1.35
1972 2.89
1973 5.35
1974 43.95
1975 23.50
1976 14.35
1977 10.71
1978 13.91
1979 11.49
1980 12.42
1981 219.00
1982 14.80
1983 19.57
1984 5.65
1985 6.93
1986 5.42
1987 19.67
1988 20.18
1989 28.97
1990 6.67
1991 18.86
1992 46.75
1993 41.64
1994 43.30
1995 75.40
1996 26.49
1997 5.06
1998 6.01
1999 13.43
2000 22.67
2001 10.08
2002 21.11
2003 9.80
2004 22.37
2005 19.86
2006 23.86
2007 7.10
2008 7.92
2009 0.69
2010 16.34
2011 9.78
2012 9.95
2013 4.96
2014 4.66
2015 2.86
2016 9.54
2017 11.12
2018 10.23
2019 10.38
2020 7.85

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices