Wages and salaries in Nigeria
Nigeria: Wages and salaries was 368.00 billion current LCU in 2002. ◆ Volatile
Wages and salaries in Nigeria, 1994–2002
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.
Wages and salaries in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 22.15 billion current LCU | — |
| 1995 | 30.70 billion current LCU | +38.6% |
| 1996 | 40.86 billion current LCU | +33.1% |
| 1997 | 46.00 billion current LCU | +12.6% |
| 1998 | 56.32 billion current LCU | +22.4% |
| 1999 | 136.91 billion current LCU | +143.1% |
| 2000 | 278.70 billion current LCU | +103.6% |
| 2001 | 285.00 billion current LCU | +2.3% |
| 2002 | 368.00 billion current LCU | +29.1% |
Nigeria compared with similar countries
- Nigeria's 368.00 billion current LCU is above the median for lower middle income countries, which is 142.24 billion current LCU, 2.6× the median. (24 countries reporting)
- Nigeria's 368.00 billion current LCU is above the median for Sub-Saharan Africa, which is 82.80 billion current LCU, 4.4× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
- 10 Cameroon 434.95 billion current LCU compare
- 11 Senegal 416.00 billion current LCU compare
- 12 Sao Tome and Principe 369.19 billion current LCU compare
- 14 Sierra Leone 349.45 billion current LCU compare
- 15 South Africa 330.10 billion current LCU compare
- 16 Gabon 324.13 billion current LCU compare
More science & technology data for Nigeria
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Mobile landline subscriptions, gaps filled 70.76 (2024)
- Mobile cellular subscriptions by country, per capita 0.7076 units per person (2024)
- Mobile cellular subscriptions by country, per unit of GDP 0.0007 units per US$ of GDP (2024)
- Mobile cellular subscriptions by country, gaps filled 164.65 million (2024)
- Mobile cellular subscriptions by country, per square kilometre 246.4 units per square kilometre (2023)
- Mobile landline subscriptions, annual growth rate -28.14 % change on previous year (2024)
- Mobile cellular subscriptions by country, annual growth rate -26.63 % change on previous year (2024)
- Scientific and technical journal articles 9,799 (2023)
- Scientific and technical journal articles, per capita 0 units per person (2023)
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.
Download this data
CSV · JSON — 9 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.