Renewable natural capital per capita, timber in Nigeria
Nigeria: Renewable natural capital per capita, timber was 513.62 real chained 2019 US$ in 2020. ▼ Falling
Renewable natural capital per capita, timber 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$.
Analysis
In 2020, renewable natural capital per capita, timber in Nigeria stood at 513.62 real chained 2019 US$. That is the lowest value across all 26 years on record.
That represents a change of down 2.6% on the previous year and down 24.8% over ten years.
Over the whole period, renewable natural capital per capita, timber in Nigeria peaked at 1,074 real chained 2019 US$ in 1995 and was at its lowest, 513.62 real chained 2019 US$, in 2020.
That places Nigeria 64th out of 151 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Renewable natural capital per capita, timber in Nigeria, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 1,074 real chained 2019 US$ | — |
| 1996 | 1,044 real chained 2019 US$ | -2.8% |
| 1997 | 1,014 real chained 2019 US$ | -2.8% |
| 1998 | 985.16 real chained 2019 US$ | -2.8% |
| 1999 | 956.94 real chained 2019 US$ | -2.9% |
| 2000 | 928.96 real chained 2019 US$ | -2.9% |
| 2001 | 901.35 real chained 2019 US$ | -3.0% |
| 2002 | 874.27 real chained 2019 US$ | -3.0% |
| 2003 | 847.9 real chained 2019 US$ | -3.0% |
| 2004 | 822.3 real chained 2019 US$ | -3.0% |
| 2005 | 797.48 real chained 2019 US$ | -3.0% |
| 2006 | 773.38 real chained 2019 US$ | -3.0% |
| 2007 | 749.89 real chained 2019 US$ | -3.0% |
| 2008 | 727.03 real chained 2019 US$ | -3.0% |
| 2009 | 704.81 real chained 2019 US$ | -3.1% |
| 2010 | 683.14 real chained 2019 US$ | -3.1% |
| 2011 | 661.99 real chained 2019 US$ | -3.1% |
| 2012 | 641.59 real chained 2019 US$ | -3.1% |
| 2013 | 622.12 real chained 2019 US$ | -3.0% |
| 2014 | 603.66 real chained 2019 US$ | -3.0% |
| 2015 | 586.25 real chained 2019 US$ | -2.9% |
| 2016 | 570.82 real chained 2019 US$ | -2.6% |
| 2017 | 555.67 real chained 2019 US$ | -2.7% |
| 2018 | 541.1 real chained 2019 US$ | -2.6% |
| 2019 | 527.16 real chained 2019 US$ | -2.6% |
| 2020 | 513.62 real chained 2019 US$ | -2.6% |
Nigeria compared with similar countries
- Nigeria's 513.62 real chained 2019 US$ is above the median for lower middle income countries, which is 506.44 real chained 2019 US$, 1.0× the median. (39 countries reporting)
- Nigeria's 513.62 real chained 2019 US$ is below the median for Sub-Saharan Africa, which is 556.39 real chained 2019 US$, 92% of the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,015 real chained 2019 US$ | 956.94 real chained 2019 US$ | 1,074 real chained 2019 US$ | 5 |
| 2000s | 812.74 real chained 2019 US$ | 704.81 real chained 2019 US$ | 928.96 real chained 2019 US$ | 10 |
| 2010s | 599.35 real chained 2019 US$ | 527.16 real chained 2019 US$ | 683.14 real chained 2019 US$ | 10 |
| 2020s | 513.62 real chained 2019 US$ | 513.62 real chained 2019 US$ | 513.62 real chained 2019 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 renewable natural capital per capita, timber in Nigeria?
- Renewable natural capital per capita, timber in Nigeria was 513.62 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 renewable natural capital per capita, timber recorded in Nigeria?
- The highest recorded value was 1,074 real chained 2019 US$ in 1995.
- What is the lowest renewable natural capital per capita, timber recorded in Nigeria?
- The lowest recorded value was 513.62 real chained 2019 US$ in 2020.
- How does Nigeria rank for renewable natural capital per capita, timber?
- Nigeria ranks 64th out of 151 countries with data for 2020.
- Is renewable natural capital per capita, timber rising or falling in Nigeria?
- Over the last ten years it is down 24.8%. 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 Renewable natural capital per capita, timber (real chained 2019 US$). Statizoid updates them automatically from the source API.
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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.