Nigieria's GDP per capita (PPP) is estimated to be $66,351 for 2024. This figure is derived from a GDP (PPP) of $4,416 billion, which accounts for the informal economy and any base year effects, and a population of 66.5 million.
GDP per capita (PPP based) is a crucial economic metric that measures a country's economic output per person. It's calculated by converting a nation's Gross Domestic Product (GDP) into international dollars using Purchasing Power Parity (PPP) exchange rates, which reflect the actual cost of living within a country. This adjusted GDP figure is then divided by the total population to determine the average economic output per individual.
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Data source: World Economics Research, London