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Nonrenewable natural capital, metals and minerals: iron ore in Nigeria

Nigeria: Nonrenewable natural capital, metals and minerals: iron ore was 784,376 real chained 2019 US$ in 2020. ◆ Volatile

Latest (2020)
784,376 real chained 2019 US$
Change on year
down 0.7%
World rank
39th
of 129 countries
All-time high
5.67 million real chained 2019 US$
in 1995
All-time low
784,376 real chained 2019 US$
in 2020
Years of data
26
1995–2020

Nonrenewable natural capital, metals and minerals: iron ore in Nigeria, 1995–2020

1.0M2.0M3.0M4.0M5.0M6.0M1995200720201995: 5.7M real chained 2019 US$1996: 5.3M real chained 2019 US$1997: 5.1M real chained 2019 US$1998: 5.0M real chained 2019 US$1999: 5.0M real chained 2019 US$2000: 5.0M real chained 2019 US$2001: 4.8M real chained 2019 US$2002: 4.6M real chained 2019 US$2003: 4.4M real chained 2019 US$2004: 4.4M real chained 2019 US$2005: 4.4M real chained 2019 US$2006: 4.0M real chained 2019 US$2007: 3.4M real chained 2019 US$2008: 3.0M real chained 2019 US$2009: 2.5M real chained 2019 US$2010: 1.8M real chained 2019 US$2011: 1.4M real chained 2019 US$2012: 910.0k real chained 2019 US$2013: 903.0k real chained 2019 US$2014: 888.9k real chained 2019 US$2015: 874.7k real chained 2019 US$2016: 832.4k real chained 2019 US$2017: 818.3k real chained 2019 US$2018: 804.1k real chained 2019 US$2019: 790.0k real chained 2019 US$2020: 784.4k real chained 2019 US$

Source: World Bank. Measured in real chained 2019 US$.

Analysis

In 2020, nonrenewable natural capital, metals and minerals: iron ore in Nigeria stood at 784,376 real chained 2019 US$. That is the lowest value across all 26 years on record.

That represents a change of down 0.7% on the previous year and down 57.6% over ten years.

Over the whole period, nonrenewable natural capital, metals and minerals: iron ore in Nigeria peaked at 5.67 million real chained 2019 US$ in 1995 and was at its lowest, 784,376 real chained 2019 US$, in 2020.

That places Nigeria 39th out of 129 countries with data for 2020, putting it in the middle of the range.

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 real chained 2019 US$ Change
1995 5.67 million real chained 2019 US$ —
1996 5.32 million real chained 2019 US$ -6.2%
1997 5.09 million real chained 2019 US$ -4.4%
1998 4.97 million real chained 2019 US$ -2.4%
1999 4.97 million real chained 2019 US$ +0.0%
2000 4.97 million real chained 2019 US$ +0.0%
2001 4.79 million real chained 2019 US$ -3.6%
2002 4.62 million real chained 2019 US$ -3.7%
2003 4.44 million real chained 2019 US$ -3.8%
2004 4.44 million real chained 2019 US$ +0.0%
2005 4.44 million real chained 2019 US$ +0.0%
2006 4.02 million real chained 2019 US$ -9.5%
2007 3.39 million real chained 2019 US$ -15.5%
2008 2.98 million real chained 2019 US$ -12.0%
2009 2.55 million real chained 2019 US$ -14.6%
2010 1.85 million real chained 2019 US$ -27.4%
2011 1.40 million real chained 2019 US$ -24.1%
2012 910,033 real chained 2019 US$ -35.2%
2013 902,973 real chained 2019 US$ -0.8%
2014 888,854 real chained 2019 US$ -1.6%
2015 874,736 real chained 2019 US$ -1.6%
2016 832,380 real chained 2019 US$ -4.8%
2017 818,261 real chained 2019 US$ -1.7%
2018 804,142 real chained 2019 US$ -1.7%
2019 790,023 real chained 2019 US$ -1.8%
2020 784,376 real chained 2019 US$ -0.7%

Averages by decade

DecadeAverage LowestHighest Years
1990s 5.20 million real chained 2019 US$ 4.97 million real chained 2019 US$ 5.67 million real chained 2019 US$ 5
2000s 4.06 million real chained 2019 US$ 2.55 million real chained 2019 US$ 4.97 million real chained 2019 US$ 10
2010s 1.01 million real chained 2019 US$ 790,023 real chained 2019 US$ 1.85 million real chained 2019 US$ 10
2020s 784,376 real chained 2019 US$ 784,376 real chained 2019 US$ 784,376 real chained 2019 US$ 1

Countries ranked near Nigeria

  1. 36 Namibia 15.09 million real chained 2019 US$ compare
  2. 37 Uruguay 5.21 million real chained 2019 US$ compare
  3. 38 Malawi 2.75 million real chained 2019 US$ compare
  4. 40 Albania 0 real chained 2019 US$
  5. 40 Angola 0 real chained 2019 US$
  6. 40 Armenia 0 real chained 2019 US$
  7. 40 Bahrain 0 real chained 2019 US$
  8. 40 Bangladesh 0 real chained 2019 US$
  9. 40 Belarus 0 real chained 2019 US$
  10. 40 Belgium 0 real chained 2019 US$
  11. 40 Belize 0 real chained 2019 US$
  12. 40 Benin 0 real chained 2019 US$
  13. 40 Botswana 0 real chained 2019 US$
  14. 40 Burkina Faso 0 real chained 2019 US$
  15. 40 Burundi 0 real chained 2019 US$
  16. 40 Cambodia 0 real chained 2019 US$
  17. 40 Cameroon 0 real chained 2019 US$
  18. 40 Central African Republic 0 real chained 2019 US$
  19. 40 Chad 0 real chained 2019 US$
  20. 40 Comoros 0 real chained 2019 US$
  21. 40 Congo, Democratic Republic of the 0 real chained 2019 US$
  22. 40 Congo 0 real chained 2019 US$
  23. 40 Costa Rica 0 real chained 2019 US$
  24. 40 Côte d'Ivoire 0 real chained 2019 US$
  25. 40 Croatia 0 real chained 2019 US$
  26. 40 Czechia 0 real chained 2019 US$
  27. 40 Denmark 0 real chained 2019 US$
  28. 40 Djibouti 0 real chained 2019 US$
  29. 40 Dominican Republic 0 real chained 2019 US$
  30. 40 Ecuador 0 real chained 2019 US$
  31. 40 El Salvador 0 real chained 2019 US$
  32. 40 Estonia 0 real chained 2019 US$
  33. 40 Eswatini 0 real chained 2019 US$
  34. 40 Ethiopia 0 real chained 2019 US$
  35. 40 Gabon 0 real chained 2019 US$
  36. 40 Gambia 0 real chained 2019 US$
  37. 40 Georgia 0 real chained 2019 US$
  38. 40 Ghana 0 real chained 2019 US$
  39. 40 Guinea 0 real chained 2019 US$
  40. 40 Guinea-Bissau 0 real chained 2019 US$
  41. 40 Guyana 0 real chained 2019 US$
  42. 40 Haiti 0 real chained 2019 US$
  43. 40 Honduras 0 real chained 2019 US$
  44. 40 Hungary 0 real chained 2019 US$
  45. 40 Iceland 0 real chained 2019 US$
  46. 40 Iraq 0 real chained 2019 US$
  47. 40 Ireland 0 real chained 2019 US$
  48. 40 Israel 0 real chained 2019 US$
  49. 40 Italy 0 real chained 2019 US$
  50. 40 Jamaica 0 real chained 2019 US$
  51. 40 Jordan 0 real chained 2019 US$
  52. 40 Kuwait 0 real chained 2019 US$
  53. 40 Kyrgyzstan 0 real chained 2019 US$
  54. 40 Latvia 0 real chained 2019 US$
  55. 40 Lebanon 0 real chained 2019 US$
  56. 40 Lesotho 0 real chained 2019 US$
  57. 40 Lithuania 0 real chained 2019 US$
  58. 40 Luxembourg 0 real chained 2019 US$
  59. 40 Madagascar 0 real chained 2019 US$
  60. 40 Maldives 0 real chained 2019 US$
  61. 40 Malta 0 real chained 2019 US$
  62. 40 Mauritius 0 real chained 2019 US$
  63. 40 Republic of Moldova 0 real chained 2019 US$
  64. 40 Montenegro 0 real chained 2019 US$
  65. 40 Mozambique 0 real chained 2019 US$
  66. 40 Nepal 0 real chained 2019 US$
  67. 40 Netherlands 0 real chained 2019 US$
  68. 40 Nicaragua 0 real chained 2019 US$
  69. 40 Niger 0 real chained 2019 US$
  70. 40 Oman 0 real chained 2019 US$
  71. 40 Panama 0 real chained 2019 US$
  72. 40 Papua New Guinea 0 real chained 2019 US$
  73. 40 Paraguay 0 real chained 2019 US$
  74. 40 Poland 0 real chained 2019 US$
  75. 40 Qatar 0 real chained 2019 US$
  76. 40 Rwanda 0 real chained 2019 US$
  77. 40 Sao Tome and Principe 0 real chained 2019 US$
  78. 40 Saudi Arabia 0 real chained 2019 US$
  79. 40 Senegal 0 real chained 2019 US$
  80. 40 Serbia 0 real chained 2019 US$
  81. 40 Singapore 0 real chained 2019 US$
  82. 40 Slovenia 0 real chained 2019 US$
  83. 40 Solomon Islands 0 real chained 2019 US$
  84. 40 Sri Lanka 0 real chained 2019 US$
  85. 40 Saint Lucia 0 real chained 2019 US$
  86. 40 Sudan 0 real chained 2019 US$
  87. 40 Suriname 0 real chained 2019 US$
  88. 40 Switzerland 0 real chained 2019 US$
  89. 40 Tajikistan 0 real chained 2019 US$
  90. 40 Tanzania, United Republic of 0 real chained 2019 US$
  91. 40 Trinidad and Tobago 0 real chained 2019 US$
  92. 40 United Arab Emirates 0 real chained 2019 US$
  93. 40 Zambia 0 real chained 2019 US$

See the full ranking of 129 places →

More reference data data for Nigeria

All data for Nigeria →

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 784,376 real chained 2019 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 5.67 million real chained 2019 US$ in 1995.
What is the lowest nonrenewable natural capital, metals and minerals: iron ore recorded in Nigeria?
The lowest recorded value was 784,376 real chained 2019 US$ in 2020.
How does Nigeria rank for nonrenewable natural capital, metals and minerals: iron ore?
Nigeria ranks 39th out of 129 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 57.6%. 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 (real chained 2019 US$). Statizoid updates them automatically from the source API.

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Nonrenewable natural capital, metals and minerals: iron ore in Nigeria. Statizoid. Retrieved 25 August 2026, from https://reference.statizoid.com/stat/nonrenewable-natural-capital-metals-and-minerals-iron-ore-real-chained-2019-us/nigeria/

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About this data

Indicator
Nonrenewable natural capital, metals and minerals: iron ore (real chained 2019 US$)
Unit
real chained 2019 US$
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
129 places, 3,313 data points, 1995–2020
Last refreshed