Produced capital per capita in Nigeria
Nigeria: Produced capital per capita was 5,990 real chained 2019 US$ in 2020. ▼ Falling
Produced capital per capita in Nigeria, 1995–2020
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$.
Analysis
Nigeria recorded 5,990 real chained 2019 US$ for produced capital per capita in 2020. That is the lowest value across all 26 years on record.
The figure is down 1.0% on the previous year and down 6.9% over ten years.
Over the whole period, produced capital per capita in Nigeria peaked at 6,971 real chained 2019 US$ in 1995 and was at its lowest, 5,990 real chained 2019 US$, in 2020.
That places Nigeria 85th out of 151 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Produced capital per capita in Nigeria, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 6,971 real chained 2019 US$ | — |
| 1996 | 6,953 real chained 2019 US$ | -0.2% |
| 1997 | 6,947 real chained 2019 US$ | -0.1% |
| 1998 | 6,939 real chained 2019 US$ | -0.1% |
| 1999 | 6,934 real chained 2019 US$ | -0.1% |
| 2000 | 6,946 real chained 2019 US$ | +0.2% |
| 2001 | 6,878 real chained 2019 US$ | -1.0% |
| 2002 | 6,831 real chained 2019 US$ | -0.7% |
| 2003 | 6,838 real chained 2019 US$ | +0.1% |
| 2004 | 6,753 real chained 2019 US$ | -1.2% |
| 2005 | 6,671 real chained 2019 US$ | -1.2% |
| 2006 | 6,706 real chained 2019 US$ | +0.5% |
| 2007 | 6,635 real chained 2019 US$ | -1.1% |
| 2008 | 6,552 real chained 2019 US$ | -1.2% |
| 2009 | 6,494 real chained 2019 US$ | -0.9% |
| 2010 | 6,437 real chained 2019 US$ | -0.9% |
| 2011 | 6,348 real chained 2019 US$ | -1.4% |
| 2012 | 6,264 real chained 2019 US$ | -1.3% |
| 2013 | 6,208 real chained 2019 US$ | -0.9% |
| 2014 | 6,198 real chained 2019 US$ | -0.2% |
| 2015 | 6,187 real chained 2019 US$ | -0.2% |
| 2016 | 6,141 real chained 2019 US$ | -0.7% |
| 2017 | 6,080 real chained 2019 US$ | -1.0% |
| 2018 | 6,050 real chained 2019 US$ | -0.5% |
| 2019 | 6,052 real chained 2019 US$ | +0.0% |
| 2020 | 5,990 real chained 2019 US$ | -1.0% |
Nigeria compared with similar countries
- Nigeria's 5,990 real chained 2019 US$ is above the median for lower middle income countries, which is 2,264 real chained 2019 US$, 2.6× the median. (39 countries reporting)
- Nigeria's 5,990 real chained 2019 US$ is above the median for Sub-Saharan Africa, which is 1,118 real chained 2019 US$, 5.4× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6,949 real chained 2019 US$ | 6,934 real chained 2019 US$ | 6,971 real chained 2019 US$ | 5 |
| 2000s | 6,730 real chained 2019 US$ | 6,494 real chained 2019 US$ | 6,946 real chained 2019 US$ | 10 |
| 2010s | 6,197 real chained 2019 US$ | 6,050 real chained 2019 US$ | 6,437 real chained 2019 US$ | 10 |
| 2020s | 5,990 real chained 2019 US$ | 5,990 real chained 2019 US$ | 5,990 real chained 2019 US$ | 1 |
Countries ranked near Nigeria
- 82 Ukraine 7,232 real chained 2019 US$ compare
- 83 Thailand 6,736 real chained 2019 US$ compare
- 84 South Africa 6,025 real chained 2019 US$ compare
- 86 Papua New Guinea 5,660 real chained 2019 US$ compare
- 87 Tajikistan 5,526 real chained 2019 US$ compare
- 88 Guatemala 5,237 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 produced capital per capita in Nigeria?
- Produced capital per capita in Nigeria was 5,990 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 produced capital per capita recorded in Nigeria?
- The highest recorded value was 6,971 real chained 2019 US$ in 1995.
- What is the lowest produced capital per capita recorded in Nigeria?
- The lowest recorded value was 5,990 real chained 2019 US$ in 2020.
- How does Nigeria rank for produced capital per capita?
- Nigeria ranks 85th out of 151 countries with data for 2020.
- Is produced capital per capita rising or falling in Nigeria?
- Over the last ten years it is down 6.9%. 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 Produced capital per capita (real chained 2019 US$). Statizoid updates them automatically from the source API.
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About this data
Produced capital includes the value of machinery, buildings, equipment, and residential and nonresidential urban land. Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.