Nigeria: Poverty ratio

The latest value from 2023 is 56.2 percent, an increase from 40.1 percent in 2018. In comparison, the world average is 23.93 percent, based on data from 38 countries. Historically, the average for Nigeria from 2018 to 2023 is 48.15 percent. The minimum value, 40.1 percent, was reached in 2018 while the maximum of 56.2 percent was recorded in 2023. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: National poverty headcount ratio is the percentage of the population living below the national poverty line(s). National estimates are based on population-weighted subgroup estimates from household surveys. For economies for which the data are from EU-SILC, the reported year is the income reference year, which is the year before the survey year.