Wealth share richest in Nigeria
Nigeria: Wealth share richest was 28.01 in 2024. ▼ Falling
Wealth share richest in Nigeria, 1820–2024
Source: Our World in Data.
Analysis
The most recent figure for wealth share richest in Nigeria is 28.01, measured in 2024.
The figure is up 7.8% on the previous year and up 12.2% over ten years.
Over the whole period, wealth share richest in Nigeria peaked at 46.9 in 1970 and was at its lowest, 23.97, in 2010.
That places Nigeria 74th out of 215 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 56 years of available data.
Wealth share richest in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1820 | 41.8 | — |
| 1850 | 43.64 | +4.4% |
| 1880 | 45.66 | +4.6% |
| 1900 | 45.72 | +0.1% |
| 1910 | 45.64 | -0.2% |
| 1920 | 45.74 | +0.2% |
| 1930 | 45.82 | +0.2% |
| 1940 | 45.91 | +0.2% |
| 1950 | 46.07 | +0.3% |
| 1960 | 46.79 | +1.6% |
| 1970 | 46.9 | +0.2% |
| 1980 | 24.39 | -48.0% |
| 1981 | 24.38 | -0.0% |
| 1982 | 24.39 | +0.0% |
| 1983 | 24.38 | -0.0% |
| 1984 | 24.38 | +0.0% |
| 1985 | 24.39 | +0.0% |
| 1986 | 24.53 | +0.6% |
| 1987 | 24.66 | +0.5% |
| 1988 | 24.85 | +0.8% |
| 1989 | 25.09 | +1.0% |
| 1990 | 25.35 | +1.0% |
| 1991 | 25.66 | +1.2% |
| 1992 | 25.9 | +0.9% |
| 1993 | 25.89 | -0.0% |
| 1994 | 25.86 | -0.1% |
| 1995 | 25.84 | -0.1% |
| 1996 | 25.8 | -0.2% |
| 1997 | 25.75 | -0.2% |
| 1998 | 25.72 | -0.1% |
| 1999 | 25.66 | -0.2% |
| 2000 | 25.65 | -0.0% |
| 2001 | 25.61 | -0.2% |
| 2002 | 25.58 | -0.1% |
| 2003 | 25.53 | -0.2% |
| 2004 | 25.22 | -1.2% |
| 2005 | 24.9 | -1.3% |
| 2006 | 24.67 | -0.9% |
| 2007 | 24.53 | -0.6% |
| 2008 | 24.35 | -0.7% |
| 2009 | 24.19 | -0.7% |
| 2010 | 23.97 | -0.9% |
| 2011 | 24.43 | +1.9% |
| 2012 | 24.32 | -0.5% |
| 2013 | 24.52 | +0.8% |
| 2014 | 24.97 | +1.8% |
| 2015 | 24.58 | -1.6% |
| 2016 | 25.19 | +2.5% |
| 2017 | 24.91 | -1.1% |
| 2018 | 25 | +0.4% |
| 2019 | 24.9 | -0.4% |
| 2020 | 24.68 | -0.9% |
| 2021 | 25.13 | +1.8% |
| 2022 | 25.2 | +0.3% |
| 2023 | 25.98 | +3.1% |
| 2024 | 28.01 | +7.8% |
Nigeria compared with similar countries
- Nigeria's 28.01 is above the median for lower middle income countries, which is 27.22, 1.0× the median. (47 countries reporting)
- Nigeria's 28.01 is above the median for Sub-Saharan Africa, which is 26.26, 1.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Wealth share richest in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | -48.0% | 46.9 | 24.39 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1820s | 41.8 | 41.8 | 41.8 | 1 |
| 1850s | 43.64 | 43.64 | 43.64 | 1 |
| 1880s | 45.66 | 45.66 | 45.66 | 1 |
| 1900s | 45.72 | 45.72 | 45.72 | 1 |
| 1910s | 45.64 | 45.64 | 45.64 | 1 |
| 1920s | 45.74 | 45.74 | 45.74 | 1 |
| 1930s | 45.82 | 45.82 | 45.82 | 1 |
| 1940s | 45.91 | 45.91 | 45.91 | 1 |
| 1950s | 46.07 | 46.07 | 46.07 | 1 |
| 1960s | 46.79 | 46.79 | 46.79 | 1 |
| 1970s | 46.9 | 46.9 | 46.9 | 1 |
| 1980s | 24.54 | 24.38 | 25.09 | 10 |
| 1990s | 25.74 | 25.35 | 25.9 | 10 |
| 2000s | 25.02 | 24.19 | 25.65 | 10 |
| 2010s | 24.68 | 23.97 | 25.19 | 10 |
| 2020s | 25.8 | 24.68 | 28.01 | 5 |
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 wealth share richest in Nigeria?
- Wealth share richest in Nigeria was 28.01 in 2024, according to Our World in Data.
- What is the highest wealth share richest recorded in Nigeria?
- The highest recorded value was 46.9 in 1970.
- What is the lowest wealth share richest recorded in Nigeria?
- The lowest recorded value was 23.97 in 2010.
- How does Nigeria rank for wealth share richest?
- Nigeria ranks 74th out of 215 countries with data for 2024.
- Is wealth share richest rising or falling in Nigeria?
- Over the last ten years it is up 12.2%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from Our World in Data, published as part of Wealth share richest. Statizoid updates them automatically from the source API.
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