Renewable natural capital, timber in Nigeria
Nigeria: Renewable natural capital, timber was 107.00 billion real chained 2019 US$ in 2020. ▼ Falling
Renewable natural capital, 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$.
Analysis
In 2020, renewable natural capital, timber in Nigeria stood at 107.00 billion real chained 2019 US$. That is the lowest value across all 26 years on record.
The figure is down 0.2% on the previous year and down 2.7% over ten years.
Over the whole period, renewable natural capital, timber in Nigeria peaked at 116.21 billion real chained 2019 US$ in 1995 and was at its lowest, 107.00 billion real chained 2019 US$, in 2020.
That places Nigeria 7th out of 150 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently falling across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 115.38 billion real chained 2019 US$ | 114.54 billion real chained 2019 US$ | 116.21 billion real chained 2019 US$ | 5 |
| 2000s | 112.25 billion real chained 2019 US$ | 110.37 billion real chained 2019 US$ | 114.12 billion real chained 2019 US$ | 10 |
| 2010s | 108.32 billion real chained 2019 US$ | 107.17 billion real chained 2019 US$ | 109.95 billion real chained 2019 US$ | 10 |
| 2020s | 107.00 billion real chained 2019 US$ | 107.00 billion real chained 2019 US$ | 107.00 billion real chained 2019 US$ | 1 |
Countries ranked near Nigeria
- 4 Malaysia 153.89 billion real chained 2019 US$ compare
- 5 Russia 129.66 billion real chained 2019 US$ compare
- 6 Indonesia 112.55 billion real chained 2019 US$ compare
- 8 Democratic Republic of Congo 106.50 billion real chained 2019 US$ compare
- 9 Vietnam 81.31 billion real chained 2019 US$ compare
- 10 Ethiopia 78.49 billion 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 renewable natural capital, timber in Nigeria?
- Renewable natural capital, timber in Nigeria was 107.00 billion 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, timber recorded in Nigeria?
- The highest recorded value was 116.21 billion real chained 2019 US$ in 1995.
- What is the lowest renewable natural capital, timber recorded in Nigeria?
- The lowest recorded value was 107.00 billion real chained 2019 US$ in 2020.
- How does Nigeria rank for renewable natural capital, timber?
- Nigeria ranks 7th out of 150 countries with data for 2020.
- Is renewable natural capital, timber rising or falling in Nigeria?
- Over the last ten years it is down 2.7%. 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, timber (real chained 2019 US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 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.