Total Reserves in Nigeria
Nigeria: Total Reserves was 27,265 in 2016. ▲ Rising
Total Reserves in Nigeria, 2000–2016
Source: World Bank staff calculations based on Datastream data.
Analysis
The most recent figure for total reserves in Nigeria is 27,265, measured in 2016.
That represents a change of down 3.7% on the previous year and down 35.6% over ten years.
Over the whole period, total reserves in Nigeria peaked at 53,039 in 2008 and was at its lowest, 7,164, in 2003.
Nigeria ranks 56th of 165 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Total Reserves in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 9,942 | — |
| 2001 | 10,487 | +5.5% |
| 2002 | 7,364 | -29.8% |
| 2003 | 7,164 | -2.7% |
| 2004 | 16,993 | +137.2% |
| 2005 | 28,314 | +66.6% |
| 2006 | 42,335 | +49.5% |
| 2007 | 51,372 | +21.3% |
| 2008 | 53,039 | +3.2% |
| 2009 | 44,800 | -15.5% |
| 2010 | 34,956 | -22.0% |
| 2011 | 35,249 | +0.8% |
| 2012 | 46,442 | +31.8% |
| 2013 | 45,464 | -2.1% |
| 2014 | 36,704 | -19.3% |
| 2015 | 28,317 | -22.9% |
| 2016 | 27,265 | -3.7% |
Nigeria compared with similar countries
- Nigeria's 27,265 is above the median for lower middle income countries, which is 3,831, 7.1× the median. (40 countries reporting)
- Nigeria's 27,265 is above the median for Sub-Saharan Africa, which is 835.83, 32.6× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27,181 | 7,164 | 53,039 | 10 |
| 2010s | 36,342 | 27,265 | 46,442 | 7 |
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 total reserves in Nigeria?
- Total reserves in Nigeria was 27,265 in 2016, according to World Bank staff calculations based on Datastream data.
- What is the highest total reserves recorded in Nigeria?
- The highest recorded value was 53,039 in 2008.
- What is the lowest total reserves recorded in Nigeria?
- The lowest recorded value was 7,164 in 2003.
- How does Nigeria rank for total reserves?
- Nigeria ranks 56th out of 165 countries with data for 2016.
- Is total reserves rising or falling in Nigeria?
- Over the last ten years it is down 35.6%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from World Bank staff calculations based on Datastream data, published as part of Total Reserves. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities.