Nonrenewable natural capital per capita, oil in Nigeria
Nigeria: Nonrenewable natural capital per capita, oil was 2,912 real chained 2019 US$ in 2020. βΌ Falling
Nonrenewable natural capital per capita, oil in Nigeria, 1995β2020
Source: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4. Measured in real chained 2019 US$.
Analysis
In 2020, nonrenewable natural capital per capita, oil in Nigeria stood at 2,912 real chained 2019 US$. That is the lowest value across all 26 years on record.
The figure is down 2.4% on the previous year and down 23.4% over ten years.
Over the whole period, nonrenewable natural capital per capita, oil in Nigeria peaked at 4,359 real chained 2019 US$ in 2002 and was at its lowest, 2,912 real chained 2019 US$, in 2020.
Nigeria ranks 17th of 145 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3,283 real chained 2019 US$ | 3,010 real chained 2019 US$ | 3,984 real chained 2019 US$ | 5 |
| 2000s | 4,154 real chained 2019 US$ | 3,882 real chained 2019 US$ | 4,359 real chained 2019 US$ | 10 |
| 2010s | 3,372 real chained 2019 US$ | 2,984 real chained 2019 US$ | 3,801 real chained 2019 US$ | 10 |
| 2020s | 2,912 real chained 2019 US$ | 2,912 real chained 2019 US$ | 2,912 real chained 2019 US$ | 1 |
Countries ranked near Nigeria
- 14 Russia 5,713 real chained 2019 US$ compare
- 15 Estonia 4,295 real chained 2019 US$ compare
- 16 United States 3,713 real chained 2019 US$ compare
- 18 Ecuador 2,687 real chained 2019 US$ compare
- 19 Trinidad and Tobago 2,586 real chained 2019 US$ compare
- 20 Australia 2,256 real chained 2019 US$ compare
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 2,912 real chained 2019 US$ in 2020, according to World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4.
- What is the highest nonrenewable natural capital per capita, oil recorded in Nigeria?
- The highest recorded value was 4,359 real chained 2019 US$ in 2002.
- What is the lowest nonrenewable natural capital per capita, oil recorded in Nigeria?
- The lowest recorded value was 2,912 real chained 2019 US$ in 2020.
- How does Nigeria rank for nonrenewable natural capital per capita, oil?
- Nigeria ranks 17th out of 145 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 23.4%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as part of Nonrenewable natural capital per capita, oil (real chained 2019 US$). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Natural capital includes the valuation of renewable and nonrenewable natural capital. Renewable natural capital includes agricultural land (cropland and pastureland), forests (timber, and three ecosystem services: water, recretion and non-wood forest products), protected areas, mangroves and fisheries. Nonrenewable natural capital includes fossil fuel energy (oil, gas, hard and soft coal) and minerals (bauxite, copper, gold, iron ore, lead, nickel, phosphate, silver, tin, and zinc),Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.