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

Nigeria: Nonrenewable natural capital per capita, metals and minerals: iron ore was 0.0038 real chained 2019 US$ in 2020. ◆ Volatile

Latest (2020)
0.0038 real chained 2019 US$
Change on year
down 3.1%
World rank
39th
of 129 countries
All-time high
0.0524 real chained 2019 US$
in 1995
All-time low
0.0038 real chained 2019 US$
in 2020
Years of data
26
1995–2020

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

00.010.020.030.040.051995200720201995: 0.052 real chained 2019 US$1996: 0.048 real chained 2019 US$1997: 0.045 real chained 2019 US$1998: 0.043 real chained 2019 US$1999: 0.042 real chained 2019 US$2000: 0.04 real chained 2019 US$2001: 0.038 real chained 2019 US$2002: 0.036 real chained 2019 US$2003: 0.033 real chained 2019 US$2004: 0.032 real chained 2019 US$2005: 0.032 real chained 2019 US$2006: 0.028 real chained 2019 US$2007: 0.023 real chained 2019 US$2008: 0.02 real chained 2019 US$2009: 0.016 real chained 2019 US$2010: 0.011 real chained 2019 US$2011: 0.008 real chained 2019 US$2012: 0.005 real chained 2019 US$2013: 0.005 real chained 2019 US$2014: 0.005 real chained 2019 US$2015: 0.005 real chained 2019 US$2016: 0.004 real chained 2019 US$2017: 0.004 real chained 2019 US$2018: 0.004 real chained 2019 US$2019: 0.004 real chained 2019 US$2020: 0.004 real chained 2019 US$

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

Analysis

In 2020, nonrenewable natural capital per capita, metals and minerals: iron ore in Nigeria stood at 0.0038 real chained 2019 US$. That is the lowest value across all 26 years on record.

Compared with earlier readings it is down 3.1% on the previous year and down 67.2% over ten years.

Over the whole period, nonrenewable natural capital per capita, metals and minerals: iron ore in Nigeria peaked at 0.0524 real chained 2019 US$ in 1995 and was at its lowest, 0.0038 real chained 2019 US$, in 2020.

Nigeria ranks 39th of 129 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.

Nonrenewable natural capital per capita, metals and minerals: iron ore in Nigeria, year by year

Year real chained 2019 US$ Change
1995 0.0524 real chained 2019 US$ —
1996 0.048 real chained 2019 US$ -8.6%
1997 0.0447 real chained 2019 US$ -6.8%
1998 0.0426 real chained 2019 US$ -4.8%
1999 0.0415 real chained 2019 US$ -2.5%
2000 0.0404 real chained 2019 US$ -2.6%
2001 0.038 real chained 2019 US$ -6.1%
2002 0.0356 real chained 2019 US$ -6.2%
2003 0.0333 real chained 2019 US$ -6.4%
2004 0.0325 real chained 2019 US$ -2.7%
2005 0.0316 real chained 2019 US$ -2.7%
2006 0.0278 real chained 2019 US$ -11.9%
2007 0.0229 real chained 2019 US$ -17.8%
2008 0.0196 real chained 2019 US$ -14.4%
2009 0.0163 real chained 2019 US$ -16.9%
2010 0.0115 real chained 2019 US$ -29.4%
2011 0.0085 real chained 2019 US$ -26.1%
2012 0.0054 real chained 2019 US$ -36.9%
2013 0.0052 real chained 2019 US$ -3.4%
2014 0.005 real chained 2019 US$ -4.1%
2015 0.0048 real chained 2019 US$ -4.1%
2016 0.0044 real chained 2019 US$ -7.2%
2017 0.0042 real chained 2019 US$ -4.1%
2018 0.0041 real chained 2019 US$ -4.1%
2019 0.0039 real chained 2019 US$ -4.1%
2020 0.0038 real chained 2019 US$ -3.1%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.0458 real chained 2019 US$ 0.0415 real chained 2019 US$ 0.0524 real chained 2019 US$ 5
2000s 0.0298 real chained 2019 US$ 0.0163 real chained 2019 US$ 0.0404 real chained 2019 US$ 10
2010s 0.0057 real chained 2019 US$ 0.0039 real chained 2019 US$ 0.0115 real chained 2019 US$ 10
2020s 0.0038 real chained 2019 US$ 0.0038 real chained 2019 US$ 0.0038 real chained 2019 US$ 1

Countries ranked near Nigeria

  1. 36 Uruguay 1.52 real chained 2019 US$ compare
  2. 37 Thailand 0.3145 real chained 2019 US$ compare
  3. 38 Malawi 0.1418 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 per capita, metals and minerals: iron ore in Nigeria?
Nonrenewable natural capital per capita, metals and minerals: iron ore in Nigeria was 0.0038 real chained 2019 US$ in 2020, according to the World Bank.
What is the highest nonrenewable natural capital per capita, metals and minerals: iron ore recorded in Nigeria?
The highest recorded value was 0.0524 real chained 2019 US$ in 1995.
What is the lowest nonrenewable natural capital per capita, metals and minerals: iron ore recorded in Nigeria?
The lowest recorded value was 0.0038 real chained 2019 US$ in 2020.
How does Nigeria rank for nonrenewable natural capital per capita, metals and minerals: iron ore?
Nigeria ranks 39th out of 129 countries with data for 2020.
Is nonrenewable natural capital per capita, metals and minerals: iron ore rising or falling in Nigeria?
Over the last ten years it is down 67.2%. 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 per capita, metals and minerals: iron ore (real chained 2019 US$). Statizoid updates them automatically from the source API.

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Nonrenewable natural capital per capita, metals and minerals: iron ore in Nigeria. Statizoid. Retrieved 03 September 2026, from https://reference.statizoid.com/stat/nonrenewable-natural-capital-per-capita-metals-and-minerals-iron-ore-real-chained-2019-us/nigeria/

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About this data

Indicator
Nonrenewable natural capital per capita, 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