Domestic comprehensive wealth index in Nigeria
Nigeria: Domestic comprehensive wealth index was 4.49 trillion real chained 2019 US$ in 2020. ▲ Rising
Latest (2020)
4.49 trillion real chained 2019 US$
Change on year
up 1.8%
World rank
24th
of 151 countries
All-time high
4.49 trillion real chained 2019 US$
in 2020
All-time low
2.61 trillion real chained 2019 US$
in 1995
Years of data
26
1995–2020
Domestic comprehensive wealth index in Nigeria, 1995–2020
Source: World Bank. Measured in real chained 2019 US$.
Analysis
In 2020, domestic comprehensive wealth index in Nigeria stood at 4.49 trillion real chained 2019 US$. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 1.8% on the previous year and up 17.3% over ten years.
Over the whole period, domestic comprehensive wealth index in Nigeria peaked at 4.49 trillion real chained 2019 US$ in 2020 and was at its lowest, 2.61 trillion real chained 2019 US$, in 1995.
Nigeria ranks 24th of 151 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Domestic comprehensive wealth index in Nigeria, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 2.61 trillion real chained 2019 US$ | — |
| 1996 | 2.69 trillion real chained 2019 US$ | +2.9% |
| 1997 | 2.77 trillion real chained 2019 US$ | +3.0% |
| 1998 | 2.86 trillion real chained 2019 US$ | +3.4% |
| 1999 | 2.97 trillion real chained 2019 US$ | +3.8% |
| 2000 | 3.04 trillion real chained 2019 US$ | +2.3% |
| 2001 | 3.13 trillion real chained 2019 US$ | +3.0% |
| 2002 | 3.24 trillion real chained 2019 US$ | +3.3% |
| 2003 | 3.33 trillion real chained 2019 US$ | +2.8% |
| 2004 | 3.40 trillion real chained 2019 US$ | +2.2% |
| 2005 | 3.47 trillion real chained 2019 US$ | +2.1% |
| 2006 | 3.55 trillion real chained 2019 US$ | +2.4% |
| 2007 | 3.62 trillion real chained 2019 US$ | +1.7% |
| 2008 | 3.68 trillion real chained 2019 US$ | +1.8% |
| 2009 | 3.75 trillion real chained 2019 US$ | +1.8% |
| 2010 | 3.83 trillion real chained 2019 US$ | +2.3% |
| 2011 | 3.87 trillion real chained 2019 US$ | +1.1% |
| 2012 | 3.91 trillion real chained 2019 US$ | +0.8% |
| 2013 | 3.91 trillion real chained 2019 US$ | +0.0% |
| 2014 | 4.00 trillion real chained 2019 US$ | +2.3% |
| 2015 | 4.08 trillion real chained 2019 US$ | +1.9% |
| 2016 | 4.17 trillion real chained 2019 US$ | +2.3% |
| 2017 | 4.25 trillion real chained 2019 US$ | +1.9% |
| 2018 | 4.32 trillion real chained 2019 US$ | +1.7% |
| 2019 | 4.42 trillion real chained 2019 US$ | +2.1% |
| 2020 | 4.49 trillion real chained 2019 US$ | +1.8% |
Nigeria compared with similar countries
- Nigeria's 4.49 trillion real chained 2019 US$ is above the median for lower middle income countries, which is 256.93 billion real chained 2019 US$, 17.5× the median. (39 countries reporting)
- Nigeria's 4.49 trillion real chained 2019 US$ is above the median for Sub-Saharan Africa, which is 199.11 billion real chained 2019 US$, 22.6× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.78 trillion real chained 2019 US$ | 2.61 trillion real chained 2019 US$ | 2.97 trillion real chained 2019 US$ | 5 |
| 2000s | 3.42 trillion real chained 2019 US$ | 3.04 trillion real chained 2019 US$ | 3.75 trillion real chained 2019 US$ | 10 |
| 2010s | 4.08 trillion real chained 2019 US$ | 3.83 trillion real chained 2019 US$ | 4.42 trillion real chained 2019 US$ | 10 |
| 2020s | 4.49 trillion real chained 2019 US$ | 4.49 trillion real chained 2019 US$ | 4.49 trillion real chained 2019 US$ | 1 |
Countries ranked near Nigeria
- 21 Norway 5.05 trillion real chained 2019 US$ compare
- 22 Thailand 4.84 trillion real chained 2019 US$ compare
- 23 Turkey 4.66 trillion real chained 2019 US$ compare
- 25 Poland 4.45 trillion real chained 2019 US$ compare
- 26 United Arab Emirates 4.33 trillion real chained 2019 US$ compare
- 27 Austria 4.30 trillion real chained 2019 US$ compare
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is domestic comprehensive wealth index in Nigeria?
- Domestic comprehensive wealth index in Nigeria was 4.49 trillion real chained 2019 US$ in 2020, according to the World Bank.
- What is the highest domestic comprehensive wealth index recorded in Nigeria?
- The highest recorded value was 4.49 trillion real chained 2019 US$ in 2020.
- What is the lowest domestic comprehensive wealth index recorded in Nigeria?
- The lowest recorded value was 2.61 trillion real chained 2019 US$ in 1995.
- How does Nigeria rank for domestic comprehensive wealth index?
- Nigeria ranks 24th out of 151 countries with data for 2020.
- Is domestic comprehensive wealth index rising or falling in Nigeria?
- Over the last ten years it is up 17.3%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from the World Bank, published as part of Domestic comprehensive wealth index (real chained 2019 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).