Nonrenewable natural capital per capita, oil in Nigeria
Nigeria: Nonrenewable natural capital per capita, oil was 1,088 current US$ in 2020. ◆ Volatile
Latest (2020)
1,088 current US$
Change on year
down 63.6%
World rank
15th
of 86 countries
All-time high
8,562 current US$
in 2011
All-time low
771.16 current US$
in 1998
Years of data
26
1995–2020
Nonrenewable natural capital per capita, oil in Nigeria, 1995–2020
Source: World Bank. Measured in current US$.
Analysis
Nigeria recorded 1,088 current US$ for nonrenewable natural capital per capita, oil in 2020.
The figure is down 63.6% on the previous year and down 81.1% over ten years.
Over the whole period, nonrenewable natural capital per capita, oil in Nigeria peaked at 8,562 current US$ in 2011 and was at its lowest, 771.16 current US$, in 1998.
That places Nigeria 15th out of 86 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Nonrenewable natural capital per capita, oil in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 1,196 current US$ | — |
| 1996 | 1,472 current US$ | +23.1% |
| 1997 | 1,216 current US$ | -17.4% |
| 1998 | 771.16 current US$ | -36.6% |
| 1999 | 1,149 current US$ | +49.0% |
| 2000 | 2,423 current US$ | +110.9% |
| 2001 | 2,065 current US$ | -14.8% |
| 2002 | 1,986 current US$ | -3.8% |
| 2003 | 2,509 current US$ | +26.3% |
| 2004 | 3,364 current US$ | +34.1% |
| 2005 | 5,316 current US$ | +58.0% |
| 2006 | 5,838 current US$ | +9.8% |
| 2007 | 6,060 current US$ | +3.8% |
| 2008 | 7,599 current US$ | +25.4% |
| 2009 | 4,042 current US$ | -46.8% |
| 2010 | 5,761 current US$ | +42.5% |
| 2011 | 8,562 current US$ | +48.6% |
| 2012 | 8,250 current US$ | -3.6% |
| 2013 | 6,797 current US$ | -17.6% |
| 2014 | 5,836 current US$ | -14.1% |
| 2015 | 2,342 current US$ | -59.9% |
| 2016 | 1,392 current US$ | -40.5% |
| 2017 | 1,964 current US$ | +41.1% |
| 2018 | 2,936 current US$ | +49.5% |
| 2019 | 2,984 current US$ | +1.6% |
| 2020 | 1,088 current US$ | -63.6% |
Nigeria compared with similar countries
- Nigeria's 1,088 current US$ is above the median for lower middle income countries, which is 2.26 current US$, 480.4× the median. (17 countries reporting)
- Nigeria's 1,088 current US$ is above the median for Sub-Saharan Africa, which is 1.43 current US$, 762.6× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,161 current US$ | 771.16 current US$ | 1,472 current US$ | 5 |
| 2000s | 4,120 current US$ | 1,986 current US$ | 7,599 current US$ | 10 |
| 2010s | 4,682 current US$ | 1,392 current US$ | 8,562 current US$ | 10 |
| 2020s | 1,088 current US$ | 1,088 current US$ | 1,088 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 per capita, oil in Nigeria?
- Nonrenewable natural capital per capita, oil in Nigeria was 1,088 current US$ in 2020, according to the World Bank.
- What is the highest nonrenewable natural capital per capita, oil recorded in Nigeria?
- The highest recorded value was 8,562 current US$ in 2011.
- What is the lowest nonrenewable natural capital per capita, oil recorded in Nigeria?
- The lowest recorded value was 771.16 current US$ in 1998.
- How does Nigeria rank for nonrenewable natural capital per capita, oil?
- Nigeria ranks 15th out of 86 countries with data for 2020.
- Is nonrenewable natural capital per capita, oil rising or falling in Nigeria?
- Over the last ten years it is down 81.1%. 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, oil (current US$). Statizoid updates them automatically from the source API.
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