NGN
Nigeria
Nigeria's price level is 13 % of US prices, the lowest of 125. And its average monthly salary is $288 PPP/mo, the 2nd lowest of 92.
Of 17 fields published for Nigeria, these two sit furthest from the middle of the atlas.
Is it expensive, or does the pay keep up?
Price level
13 % of US prices
Average monthly salary
$288 PPP/mo
The average employee in Nigeria earns about $288 a month before tax, measured in dollars adjusted for what they buy locally.
Money's value
3.40 %
100 saved in Nigeria in 2000 buys what 3 buys today — 97 % of its purchasing power is gone.
What is left after the state takes its share?
Average monthly salary
$288 PPP/mo
The average employee in Nigeria earns about $288 a month before tax, measured in dollars adjusted for what they buy locally.
Minimum wage
$245 PPP/mo
The law in Nigeria sets the floor at about $245 a month, measured in dollars adjusted for what they buy locally.
Does money in the bank keep its value?
Savings vs inflation
-11.74 %
A bank account in Nigeria loses about 11.7 pp of purchasing power a year — the deposit rate trails inflation.
Deposit rate
11.27 %
Inflation rate
23.01 %
At 23.0 % a year, prices double in about 3 years if it holds.
Median salary
$188 PPP/mo
the 2nd lowest of 78
Debt per person
$435
ranked 5th of 123
Savings vs inflation
-11.74 %
ranked 66th of 69
Inflation rate
23.01 %
ranked 117th of 123
Where Nigeria sits, field by field
Each dot is Nigeria’s position among every country that publishes that field. Sorted by distance from the middle, so what is unusual about the country comes first.
- Price level13 % of US prices1 of 125
- Average monthly salary$288 PPP/mo91 of 92
- Median salary$188 PPP/mo77 of 78
- Debt per person$4355 of 123
- GDP per capita$1,224122 of 127
- Savings vs inflation-11.74 %66 of 69
- Inflation rate23.01 %117 of 123
- Money's value3.40 %108 of 116
- Deposit rate11.27 %8 of 70
- Corporate tax30.00 %83 of 96
- Lending rate18.45 %57 of 67
- Minimum wage$245 PPP/mo71 of 85
- Unemployment rate3.06 %28 of 124
- Government debt35.50 %30 of 124
- Bank spread7.18 %46 of 62
- GDP growth4.01 %36 of 127
- Public holidays10 days73 of 104
- Cost of money
- Work & income
- Housing & living
- Macro
Financially nearest · computed, not curated
Ethiopia
avg gap 6.6 pp · 11 shared fields
Most separates them: GDP growth — 4.01 % (Nigeria) vs 9.77 %
Ghana
avg gap 11.1 pp · 14 shared fields
Most separates them: price level — 13 % of US prices (Nigeria) vs 38 % of US prices
Bangladesh
avg gap 13.7 pp · 15 shared fields
Most separates them: savings vs inflation — -11.74 % (Nigeria) vs 0.58 %
Madagascar
avg gap 15.2 pp · 14 shared fields
Most separates them: savings vs inflation — -11.74 % (Nigeria) vs 4.03 %
| Deposit rate | 11.27 % | ranked 8th of 70 | |
| Corporate tax | 30.00 % | ranked 83rd of 96 | |
| Lending rate | 18.45 % | ranked 57th of 67 | |
| Minimum wage | $245 PPP/mo | ranked 71st of 85 | |
| Unemployment rate | 3.06 % | ranked 28th of 124 | |
| Government debt | 35.50 % | ranked 30th of 124 | |
| Bank spread | 7.18 % | ranked 46th of 62 | |
| GDP growth | 4.01 % | ranked 36th of 127 | |
| Public holidays | 10 days | ranked 73rd of 104 |
✓ 17 fields published for Nigeria, every one dated and sourced · 18 not published yet
Awaiting an official source for Nigeria: mortgage rate, real policy rate, take-home pay, tax on pay, house price growth since 2015, house price growth, rent, petrol, electricity, tax wedge, minimum wage, retirement age (men), retirement age (women), average salary, median income, vat, top income tax, currency.
Sources for all 17 figures
- Price level — World Bank PPP conversion factor ÷ official exchange rate (PA.NUS.PPP, PA.NUS.FCRF) · 2025
- Average monthly salary — ILO monthly earnings of employees (EAR_EMTA mean + EAR_EMTM median) · 2024
- Median salary — ILO monthly earnings of employees (EAR_EMTA mean + EAR_EMTM median) · 2024
- Debt per person — Fiatmap derived metrics (own calculation from separately sourced components) · 2025
- GDP per capita — World Bank open data (GDP growth, GDP/capita, unemployment, government debt) · 2025
- Savings vs inflation — Fiatmap derived metrics (own calculation from separately sourced components) · 2025
- Inflation rate — Annual CPI inflation (shared satsatlas data engine: World Bank + Eurostat + SSB) · 2025
- Money's value — Fiatmap derived metrics (own calculation from separately sourced components) · 2025
- Deposit rate — IMF International Financial Statistics · 2025
- Corporate tax — OECD Corporate Tax Statistics · 2026
- Lending rate — IMF International Financial Statistics · 2025
- Minimum wage — ILO monthly earnings of employees (EAR_EMTA mean + EAR_EMTM median) · 2024
- Unemployment rate — World Bank open data (GDP growth, GDP/capita, unemployment, government debt) · 2025
- Government debt — IMF World Economic Outlook (general government gross debt, % of GDP) · 2025
- Bank spread — Fiatmap derived metrics (own calculation from separately sourced components) · 2025
- GDP growth — World Bank open data (GDP growth, GDP/capita, unemployment, government debt) · 2025
- Public holidays — Public holiday calendar (Nager.Date) · 2026