Nonrenewable natural capital, metals and minerals: iron ore in Nigeria
Nigeria: Nonrenewable natural capital, metals and minerals: iron ore was 2.34 million current US$ in 2020. ◆ Volatile
Nonrenewable natural capital, metals and minerals: iron ore in Nigeria, 1995–2020
Source: World Bank. Measured in current US$.
Analysis
In 2020, nonrenewable natural capital, metals and minerals: iron ore in Nigeria stood at 2.34 million current US$.
The figure is up 195.9% on the previous year and down 91.0% over ten years.
Over the whole period, nonrenewable natural capital, metals and minerals: iron ore in Nigeria peaked at 44.33 million current US$ in 2008 and was at its lowest, 0 current US$, in 1995.
That places Nigeria 53rd out of 57 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Nonrenewable natural capital, metals and minerals: iron ore in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 0 current US$ | — |
| 1996 | 684,587 current US$ | — |
| 1997 | 97,084 current US$ | -85.8% |
| 2000 | 951,566 current US$ | +880.2% |
| 2001 | 2.57 million current US$ | +170.2% |
| 2002 | 3.28 million current US$ | +27.5% |
| 2005 | 20.80 million current US$ | +534.6% |
| 2006 | 21.83 million current US$ | +5.0% |
| 2007 | 38.67 million current US$ | +77.1% |
| 2008 | 44.33 million current US$ | +14.6% |
| 2009 | 16.07 million current US$ | -63.8% |
| 2010 | 25.92 million current US$ | +61.3% |
| 2011 | 21.30 million current US$ | -17.8% |
| 2012 | 1.92 million current US$ | -91.0% |
| 2013 | 3.76 million current US$ | +96.3% |
| 2014 | 2.17 million current US$ | -42.4% |
| 2015 | 629,161 current US$ | -70.9% |
| 2016 | 760,959 current US$ | +20.9% |
| 2017 | 1.20 million current US$ | +57.6% |
| 2018 | 899,909 current US$ | -25.0% |
| 2019 | 790,023 current US$ | -12.2% |
| 2020 | 2.34 million current US$ | +195.9% |
Nigeria compared with similar countries
- Nigeria's 2.34 million current US$ is below the median for lower middle income countries, which is 446.79 million current US$, 1% of the median. (11 countries reporting)
- Nigeria's 2.34 million current US$ is below the median for Sub-Saharan Africa, which is 111.52 million current US$, 2% of the median. (11 countries reporting)
Biggest year-on-year movements
Years where Nonrenewable natural capital, metals and minerals: iron ore in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +880.2% | 97,084 current US$ | 951,566 current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 260,557 current US$ | 0 current US$ | 684,587 current US$ | 3 |
| 2000s | 18.56 million current US$ | 951,566 current US$ | 44.33 million current US$ | 8 |
| 2010s | 5.93 million current US$ | 629,161 current US$ | 25.92 million current US$ | 10 |
| 2020s | 2.34 million current US$ | 2.34 million current US$ | 2.34 million current 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 nonrenewable natural capital, metals and minerals: iron ore in Nigeria?
- Nonrenewable natural capital, metals and minerals: iron ore in Nigeria was 2.34 million current US$ in 2020, according to the World Bank.
- What is the highest nonrenewable natural capital, metals and minerals: iron ore recorded in Nigeria?
- The highest recorded value was 44.33 million current US$ in 2008.
- What is the lowest nonrenewable natural capital, metals and minerals: iron ore recorded in Nigeria?
- The lowest recorded value was 0 current US$ in 1995.
- How does Nigeria rank for nonrenewable natural capital, metals and minerals: iron ore?
- Nigeria ranks 53rd out of 57 countries with data for 2020.
- Is nonrenewable natural capital, metals and minerals: iron ore rising or falling in Nigeria?
- Over the last ten years it is down 91.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from the World Bank, published as part of Nonrenewable natural capital, metals and minerals: iron ore (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).