Produced capital in Nigeria
Nigeria: Produced capital was 1.25 trillion real chained 2019 US$ in 2020. ▲ Rising
Latest (2020)
1.25 trillion real chained 2019 US$
Change on year
up 1.4%
World rank
24th
of 151 countries
All-time high
1.25 trillion real chained 2019 US$
in 2020
All-time low
754.16 billion real chained 2019 US$
in 1995
Years of data
26
1995–2020
Produced capital 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$.
Analysis
In 2020, produced capital in Nigeria stood at 1.25 trillion real chained 2019 US$. That is the highest value across all 26 years on record.
The figure is up 1.4% on the previous year and up 20.4% over ten years.
Over the whole period, produced capital in Nigeria peaked at 1.25 trillion real chained 2019 US$ in 2020 and was at its lowest, 754.16 billion real chained 2019 US$, in 1995.
Nigeria ranks 24th of 151 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Produced capital in Nigeria, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 754.16 billion real chained 2019 US$ | — |
| 1996 | 771.53 billion real chained 2019 US$ | +2.3% |
| 1997 | 790.55 billion real chained 2019 US$ | +2.5% |
| 1998 | 809.67 billion real chained 2019 US$ | +2.4% |
| 1999 | 829.92 billion real chained 2019 US$ | +2.5% |
| 2000 | 853.30 billion real chained 2019 US$ | +2.8% |
| 2001 | 867.72 billion real chained 2019 US$ | +1.7% |
| 2002 | 885.19 billion real chained 2019 US$ | +2.0% |
| 2003 | 910.24 billion real chained 2019 US$ | +2.8% |
| 2004 | 923.46 billion real chained 2019 US$ | +1.5% |
| 2005 | 937.25 billion real chained 2019 US$ | +1.5% |
| 2006 | 967.81 billion real chained 2019 US$ | +3.3% |
| 2007 | 983.93 billion real chained 2019 US$ | +1.7% |
| 2008 | 998.49 billion real chained 2019 US$ | +1.5% |
| 2009 | 1.02 trillion real chained 2019 US$ | +1.8% |
| 2010 | 1.04 trillion real chained 2019 US$ | +1.9% |
| 2011 | 1.05 trillion real chained 2019 US$ | +1.4% |
| 2012 | 1.07 trillion real chained 2019 US$ | +1.4% |
| 2013 | 1.08 trillion real chained 2019 US$ | +1.8% |
| 2014 | 1.11 trillion real chained 2019 US$ | +2.5% |
| 2015 | 1.14 trillion real chained 2019 US$ | +2.4% |
| 2016 | 1.16 trillion real chained 2019 US$ | +1.8% |
| 2017 | 1.18 trillion real chained 2019 US$ | +1.5% |
| 2018 | 1.20 trillion real chained 2019 US$ | +2.0% |
| 2019 | 1.23 trillion real chained 2019 US$ | +2.5% |
| 2020 | 1.25 trillion real chained 2019 US$ | +1.4% |
Nigeria compared with similar countries
- Nigeria's 1.25 trillion real chained 2019 US$ is above the median for lower middle income countries, which is 30.26 billion real chained 2019 US$, 41.2× the median. (39 countries reporting)
- Nigeria's 1.25 trillion real chained 2019 US$ is above the median for Sub-Saharan Africa, which is 16.15 billion real chained 2019 US$, 77.2× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 791.17 billion real chained 2019 US$ | 754.16 billion real chained 2019 US$ | 829.92 billion real chained 2019 US$ | 5 |
| 2000s | 934.43 billion real chained 2019 US$ | 853.30 billion real chained 2019 US$ | 1.02 trillion real chained 2019 US$ | 10 |
| 2010s | 1.13 trillion real chained 2019 US$ | 1.04 trillion real chained 2019 US$ | 1.23 trillion real chained 2019 US$ | 10 |
| 2020s | 1.25 trillion real chained 2019 US$ | 1.25 trillion real chained 2019 US$ | 1.25 trillion real chained 2019 US$ | 1 |
Countries ranked near Nigeria
- 21 Belgium 1.65 trillion real chained 2019 US$ compare
- 22 Denmark 1.37 trillion real chained 2019 US$ compare
- 23 Finland 1.28 trillion real chained 2019 US$ compare
- 25 New Zealand 1.22 trillion real chained 2019 US$ compare
- 26 Israel 1.16 trillion real chained 2019 US$ compare
- 27 Indonesia 1.05 trillion 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 in Nigeria?
- Produced capital in Nigeria was 1.25 trillion 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 recorded in Nigeria?
- The highest recorded value was 1.25 trillion real chained 2019 US$ in 2020.
- What is the lowest produced capital recorded in Nigeria?
- The lowest recorded value was 754.16 billion real chained 2019 US$ in 1995.
- How does Nigeria rank for produced capital?
- Nigeria ranks 24th out of 151 countries with data for 2020.
- Is produced capital rising or falling in Nigeria?
- Over the last ten years it is up 20.4%. The long-run trend across the full record is rising.
- 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 (real chained 2019 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.