Wages and salaries in Nigeria

Nigeria: Wages and salaries was 368.00 billion current LCU in 2002. ◆ Volatile

Latest (2002)
368.00 billion current LCU
Change on year
up 29.1%
World rank
13th
of 51 countries
All-time high
368.00 billion current LCU
in 2002
All-time low
22.15 billion current LCU
in 1994
Years of data
9
1994–2002

Wages and salaries in Nigeria, 1994–2002

0100.0B200.0B300.0B400.0B1994199820021994: 22.2B current LCU1995: 30.7B current LCU1996: 40.9B current LCU1997: 46.0B current LCU1998: 56.3B current LCU1999: 136.9B current LCU2000: 278.7B current LCU2001: 285.0B current LCU2002: 368.0B current LCU

Source: World Bank country economists. Measured in current LCU.

Analysis

The most recent figure for wages and salaries in Nigeria is 368.00 billion current LCU, measured in 2002. That is the highest value across all 9 years on record.

That represents a change of up 29.1% on the previous year and up 1,561.2% over ten years.

Over the whole period, wages and salaries in Nigeria peaked at 368.00 billion current LCU in 2002 and was at its lowest, 22.15 billion current LCU, in 1994.

Nigeria ranks 13th of 51 countries on this measure, in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
1990s 55.49 billion current LCU 22.15 billion current LCU 136.91 billion current LCU 6
2000s 310.57 billion current LCU 278.70 billion current LCU 368.00 billion current LCU 3

Countries ranked near Nigeria

  1. 10 Cameroon 434.95 billion current LCU compare
  2. 11 Senegal 416.00 billion current LCU compare
  3. 12 Sao Tome and Principe 369.19 billion current LCU compare
  4. 14 Sierra Leone 349.45 billion current LCU compare
  5. 15 South Africa 330.10 billion current LCU compare
  6. 16 Gabon 324.13 billion current LCU compare

See the full ranking of 51 places →

More science & technology data for Nigeria

All data for Nigeria →

Frequently asked questions

What is wages and salaries in Nigeria?
Wages and salaries in Nigeria was 368.00 billion current LCU in 2002, according to World Bank country economists.
What is the highest wages and salaries recorded in Nigeria?
The highest recorded value was 368.00 billion current LCU in 2002.
What is the lowest wages and salaries recorded in Nigeria?
The lowest recorded value was 22.15 billion current LCU in 1994.
How does Nigeria rank for wages and salaries?
Nigeria ranks 13th out of 51 countries with data for 2002.
Is wages and salaries rising or falling in Nigeria?
Over the last ten years it is up 1,561.2%. The long-run trend across the full record is volatile.
Where does this Nigeria data come from?
The figures come from World Bank country economists, published as part of Wages and salaries (current LCU). Statizoid updates them automatically from the source API.

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CSV · JSON — 9 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Wages and salaries (current LCU)
Unit
current LCU
Source
World Bank country economists
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
51 places, 1,362 data points, 1966–2011
Last refreshed

Wages and salaries consist of all payments in cash, but not in kind, to employees in return for services rendered, before deduction of withholding taxes and employees contributions to social security and pension funds. Data are shown for central government only. Data are in current local currency.