Natural resource rents, annual growth rate in Nigeria
Nigeria: Natural resource rents, annual growth rate was 68.54 % change on previous year in 2021. ◆ Volatile
Natural resource rents, annual growth rate in Nigeria, 1971–2021
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded 68.54 % change on previous year for natural resource rents, annual growth rate in 2021.
The figure is up 274.6% on the previous year and up 152.2% over ten years.
Over the whole period, natural resource rents, annual growth rate in Nigeria peaked at 459.08 % change on previous year in 1974 and was at its lowest, -82.69 % change on previous year, in 1981.
Nigeria ranks 62nd of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Natural resource rents, annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.34 % change on previous year | — |
| 1972 | 36.38 % change on previous year | +473.6% |
| 1973 | 46.34 % change on previous year | +27.4% |
| 1974 | 459.08 % change on previous year | +890.6% |
| 1975 | -28.99 % change on previous year | -106.3% |
| 1976 | -12.72 % change on previous year | -56.1% |
| 1977 | 28.98 % change on previous year | -327.8% |
| 1978 | -16.16 % change on previous year | -155.8% |
| 1979 | 125.63 % change on previous year | -877.2% |
| 1980 | -38.04 % change on previous year | -130.3% |
| 1981 | -82.69 % change on previous year | +117.4% |
| 1982 | -44.05 % change on previous year | -46.7% |
| 1983 | 120.94 % change on previous year | -374.5% |
| 1984 | 63.16 % change on previous year | -47.8% |
| 1985 | 12.12 % change on previous year | -80.8% |
| 1986 | -38.72 % change on previous year | -419.6% |
| 1987 | 71.84 % change on previous year | -285.5% |
| 1988 | -5.98 % change on previous year | -108.3% |
| 1989 | 120.64 % change on previous year | -2119.1% |
| 1990 | 9.67 % change on previous year | -92.0% |
| 1991 | -29.39 % change on previous year | -403.9% |
| 1992 | 17.96 % change on previous year | -161.1% |
| 1993 | 64.08 % change on previous year | +256.8% |
| 1994 | -30.39 % change on previous year | -147.4% |
| 1995 | -8.62 % change on previous year | -71.6% |
| 1996 | -1.76 % change on previous year | -79.5% |
| 1997 | -12.51 % change on previous year | +609.3% |
| 1998 | -39.37 % change on previous year | +214.8% |
| 1999 | 14.82 % change on previous year | -137.7% |
| 2000 | 91.17 % change on previous year | +515.0% |
| 2001 | -27.41 % change on previous year | -130.1% |
| 2002 | -24.84 % change on previous year | -9.4% |
| 2003 | 14.02 % change on previous year | -156.4% |
| 2004 | 8.14 % change on previous year | -41.9% |
| 2005 | 15.57 % change on previous year | +91.2% |
| 2006 | -13.87 % change on previous year | -189.1% |
| 2007 | -5.02 % change on previous year | -63.8% |
| 2008 | 10.9 % change on previous year | -317.3% |
| 2009 | -39.45 % change on previous year | -461.8% |
| 2010 | 29.59 % change on previous year | -175.0% |
| 2011 | 27.17 % change on previous year | -8.2% |
| 2012 | -13.7 % change on previous year | -150.4% |
| 2013 | -23.27 % change on previous year | +69.9% |
| 2014 | -24.44 % change on previous year | +5.0% |
| 2015 | -48.14 % change on previous year | +97.0% |
| 2016 | 2.28 % change on previous year | -104.7% |
| 2017 | 67.57 % change on previous year | +2869.7% |
| 2018 | 25.54 % change on previous year | -62.2% |
| 2019 | -14.75 % change on previous year | -157.7% |
| 2020 | -39.25 % change on previous year | +166.1% |
| 2021 | 68.54 % change on previous year | -274.6% |
Nigeria compared with similar countries
- Nigeria's 68.54 % change on previous year is above the median for lower middle income countries, which is 33.54 % change on previous year, 2.0× the median. (46 countries reporting)
- Nigeria's 68.54 % change on previous year is above the median for Sub-Saharan Africa, which is 26.46 % change on previous year, 2.6× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Natural resource rents, annual growth rate in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +2869.7% | 2.28 % change on previous year | 67.57 % change on previous year |
| 1989 | +2119.1% | -5.98 % change on previous year | 120.64 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 71.65 % change on previous year | -28.99 % change on previous year | 459.08 % change on previous year | 9 |
| 1980s | 17.92 % change on previous year | -82.69 % change on previous year | 120.94 % change on previous year | 10 |
| 1990s | -1.55 % change on previous year | -39.37 % change on previous year | 64.08 % change on previous year | 10 |
| 2000s | 2.92 % change on previous year | -39.45 % change on previous year | 91.17 % change on previous year | 10 |
| 2010s | 2.78 % change on previous year | -48.14 % change on previous year | 67.57 % change on previous year | 10 |
| 2020s | 14.64 % change on previous year | -39.25 % change on previous year | 68.54 % change on previous year | 2 |
Countries ranked near Nigeria
- 59 Tajikistan 76.17 % change on previous year compare
- 60 Tanzania 73.79 % change on previous year compare
- 61 Syria 69.12 % change on previous year compare
- 63 Dominican Republic 67.6 % change on previous year compare
- 64 Austria 66.34 % change on previous year compare
- 65 Togo 66.2 % change on previous year 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 natural resource rents, annual growth rate in Nigeria?
- Natural resource rents, annual growth rate in Nigeria was 68.54 % change on previous year in 2021, according to Statizoid (derived).
- What is the highest natural resource rents, annual growth rate recorded in Nigeria?
- The highest recorded value was 459.08 % change on previous year in 1974.
- What is the lowest natural resource rents, annual growth rate recorded in Nigeria?
- The lowest recorded value was -82.69 % change on previous year in 1981.
- How does Nigeria rank for natural resource rents, annual growth rate?
- Nigeria ranks 62nd out of 190 countries with data for 2021.
- Is natural resource rents, annual growth rate rising or falling in Nigeria?
- Over the last ten years it is up 152.2%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Natural resource rents, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Natural resource rents. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Natural resource rents Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Natural resource rents. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.