Nonrenewable natural capital, oil in Nigeria
Nigeria: Nonrenewable natural capital, oil was 226.57 billion current US$ in 2020. ◆ Volatile
Nonrenewable natural capital, oil in Nigeria, 1995–2020
Source: World Bank. Measured in current US$.
Analysis
Nigeria recorded 226.57 billion current US$ for nonrenewable natural capital, oil in 2020.
Compared with earlier readings it is down 62.7% on the previous year and down 75.6% over ten years.
Over the whole period, nonrenewable natural capital, oil in Nigeria peaked at 1.42 trillion current US$ in 2011 and was at its lowest, 89.99 billion current US$, in 1998.
Nigeria ranks 8th of 86 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 131.71 billion current US$ | 89.99 billion current US$ | 163.33 billion current US$ | 5 |
| 2000s | 588.88 billion current US$ | 257.37 billion current US$ | 1.16 trillion current US$ | 10 |
| 2010s | 824.42 billion current US$ | 262.64 billion current US$ | 1.42 trillion current US$ | 10 |
| 2020s | 226.57 billion current US$ | 226.57 billion current US$ | 226.57 billion 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, oil in Nigeria?
- Nonrenewable natural capital, oil in Nigeria was 226.57 billion current US$ in 2020, according to the World Bank.
- What is the highest nonrenewable natural capital, oil recorded in Nigeria?
- The highest recorded value was 1.42 trillion current US$ in 2011.
- What is the lowest nonrenewable natural capital, oil recorded in Nigeria?
- The lowest recorded value was 89.99 billion current US$ in 1998.
- How does Nigeria rank for nonrenewable natural capital, oil?
- Nigeria ranks 8th out of 86 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in Nigeria?
- Over the last ten years it is down 75.6%. 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, oil (current US$). Statizoid updates them automatically from the source API.
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