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

02.0k4.0k6.0k8.0k1995200720201995: 1.2k current US$1996: 1.5k current US$1997: 1.2k current US$1998: 771.2 current US$1999: 1.1k current US$2000: 2.4k current US$2001: 2.1k current US$2002: 2.0k current US$2003: 2.5k current US$2004: 3.4k current US$2005: 5.3k current US$2006: 5.8k current US$2007: 6.1k current US$2008: 7.6k current US$2009: 4.0k current US$2010: 5.8k current US$2011: 8.6k current US$2012: 8.2k current US$2013: 6.8k current US$2014: 5.8k current US$2015: 2.3k current US$2016: 1.4k current US$2017: 2.0k current US$2018: 2.9k current US$2019: 3.0k current US$2020: 1.1k current US$

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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 12 United States 2,881 current US$ compare
  2. 13 Estonia 2,504 current US$ compare
  3. 14 Ecuador 1,271 current US$ compare
  4. 16 Suriname 943.51 current US$ compare
  5. 17 Australia 917.9 current US$ compare
  6. 18 Malaysia 866.59 current US$ compare

See the full ranking of 86 places →

More reference data data for Nigeria

All data for Nigeria →

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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About this data

Indicator
Nonrenewable natural capital per capita, oil (current US$)
Unit
current US$
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
86 places, 2,059 data points, 1995–2020
Last refreshed