Foreign assets per capita in Nigeria
Nigeria: Foreign assets per capita was 370.44 real chained 2019 US$ in 2020. ▼ Falling
Foreign assets per capita in Nigeria, 1995–2020
Source: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4. Measured in real chained 2019 US$.
Analysis
Nigeria recorded 370.44 real chained 2019 US$ for foreign assets per capita in 2020. That is the lowest value across all 26 years on record.
That represents a change of down 16.0% on the previous year and down 72.4% over ten years.
Over the whole period, foreign assets per capita in Nigeria peaked at 2,053 real chained 2019 US$ in 2008 and was at its lowest, 370.44 real chained 2019 US$, in 2020.
Nigeria ranks 127th of 150 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Foreign assets per capita in Nigeria, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 1,169 real chained 2019 US$ | — |
| 1996 | 1,076 real chained 2019 US$ | -8.0% |
| 1997 | 1,366 real chained 2019 US$ | +26.9% |
| 1998 | 1,277 real chained 2019 US$ | -6.5% |
| 1999 | 815.29 real chained 2019 US$ | -36.1% |
| 2000 | 1,135 real chained 2019 US$ | +39.3% |
| 2001 | 1,036 real chained 2019 US$ | -8.8% |
| 2002 | 783.59 real chained 2019 US$ | -24.4% |
| 2003 | 740.3 real chained 2019 US$ | -5.5% |
| 2004 | 999.98 real chained 2019 US$ | +35.1% |
| 2005 | 1,295 real chained 2019 US$ | +29.5% |
| 2006 | 1,688 real chained 2019 US$ | +30.3% |
| 2007 | 1,945 real chained 2019 US$ | +15.3% |
| 2008 | 2,053 real chained 2019 US$ | +5.6% |
| 2009 | 1,616 real chained 2019 US$ | -21.3% |
| 2010 | 1,340 real chained 2019 US$ | -17.1% |
| 2011 | 1,286 real chained 2019 US$ | -4.0% |
| 2012 | 1,338 real chained 2019 US$ | +4.0% |
| 2013 | 1,241 real chained 2019 US$ | -7.3% |
| 2014 | 1,050 real chained 2019 US$ | -15.4% |
| 2015 | 695.19 real chained 2019 US$ | -33.8% |
| 2016 | 504.1 real chained 2019 US$ | -27.5% |
| 2017 | 505.75 real chained 2019 US$ | +0.3% |
| 2018 | 494.92 real chained 2019 US$ | -2.1% |
| 2019 | 441.06 real chained 2019 US$ | -10.9% |
| 2020 | 370.44 real chained 2019 US$ | -16.0% |
Nigeria compared with similar countries
- Nigeria's 370.44 real chained 2019 US$ is below the median for lower middle income countries, which is 661.42 real chained 2019 US$, 56% of the median. (38 countries reporting)
- Nigeria's 370.44 real chained 2019 US$ is below the median for Sub-Saharan Africa, which is 420.49 real chained 2019 US$, 88% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,141 real chained 2019 US$ | 815.29 real chained 2019 US$ | 1,366 real chained 2019 US$ | 5 |
| 2000s | 1,329 real chained 2019 US$ | 740.3 real chained 2019 US$ | 2,053 real chained 2019 US$ | 10 |
| 2010s | 889.74 real chained 2019 US$ | 441.06 real chained 2019 US$ | 1,340 real chained 2019 US$ | 10 |
| 2020s | 370.44 real chained 2019 US$ | 370.44 real chained 2019 US$ | 370.44 real chained 2019 US$ | 1 |
Countries ranked near Nigeria
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 foreign assets per capita in Nigeria?
- Foreign assets per capita in Nigeria was 370.44 real chained 2019 US$ in 2020, according to World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4.
- What is the highest foreign assets per capita recorded in Nigeria?
- The highest recorded value was 2,053 real chained 2019 US$ in 2008.
- What is the lowest foreign assets per capita recorded in Nigeria?
- The lowest recorded value was 370.44 real chained 2019 US$ in 2020.
- How does Nigeria rank for foreign assets per capita?
- Nigeria ranks 127th out of 150 countries with data for 2020.
- Is foreign assets per capita rising or falling in Nigeria?
- Over the last ten years it is down 72.4%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as part of Foreign assets per capita (real chained 2019 US$). Statizoid updates them automatically from the source API.
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About this data
Net foreign assets is foreign assets minus foreign liabilities. Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.