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Nigeria - EIU Democracy Index 4.16

via World Bank DATA360 (Democracy Index) · updated 2026-10-15 · 171 economies tracked

Latest value

4.16 (2024)

Global rank

##108 of 171 economies

vs global median

0.8×

Growth since 2006

1.18×

Ranking Race — EIU Democracy Index

1 = global #1 · higher value ranks higher

#1#22#43#64#85#106#12720062011201620212024#129#1082022 overtook Côte d’Ivoire2023 overtook Benin
NigeriaNorwayNew ZealandSwedenIceland

Real annual global ranks, 2006 - 2024. Nigeria climbed from #129 to #108 (overtook Côte d’Ivoire). Gaps in a lane = missing data that year.

Key events for Nigeria ↓

Key Events — Nigeria

Auto-detected from rank data + curated milestones

2015
Climbed 15 places in global rank auto
2016
Oil price recession curated

First recession in 25 years as crude prices collapse.

2020
COVID-19 oil shock curated

Dual pandemic and oil shock push GDP down.

2022
Overtook Côte d’Ivoire in global rank auto
2023
Overtook Benin in global rank auto
2023
Fuel subsidy removal curated

Petrol subsidy cut and currency reforms spark inflation.

EIU Democracy Index, 2006-2024

via World Bank DATA360 (Democracy Index) · 0-10 scale · linear scale · ranking in the race above
200620112016202120243.473.854.244.62

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