Nigeria: Forest rents (% of GDP)
In , Nigeria's Forest rents (% of GDP) was 1.13.
That's up 4.2% from 2020, the highest value since .
The global average for this indicator in 2021 was 1.28 . Nigeria ranks #50 globally out of 197 reporting countries. Within Sub-Saharan Africa, it ranks #39 of 46.
Source: World Bank Open Data (NY.GDP.FRST.RT.ZS) • Data as of 2021
Trend (2002–2021)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 2.61
- Trough
- 0.98
- 1-year change
- +4.2%
- 5-year change
- -23.7%
- -5.3% / yr
- 10-year change
- +5.7%
- +0.6% / yr
Historical Data — Last 10 Years
| Year | Forest rents (% of GDP) |
|---|---|
| 1.1337 | |
| 1.0880 | |
| 0.9778 | |
| 1.1250 | |
| 1.6352 | |
| 1.4867 | |
| 1.1625 | |
| 0.9955 | |
| 1.0133 | |
| 1.0919 |
About Forest rents (% of GDP)
Forest rents are roundwood harvest times the product of regional prices and a regional rental rate.
Indicator code: NY.GDP.FRST.RT.ZS • Category: Economy
Frequently asked questions
- What was Nigeria's Forest rents (% of GDP) in 2021?
- In 2021, Nigeria's Forest rents (% of GDP) was 1.13, according to World Bank Open Data.
- Is Nigeria's Forest rents (% of GDP) rising or falling?
- Nigeria's Forest rents (% of GDP) rose 4.2% from 2020 to 2021.
- How does Nigeria rank globally on Forest rents (% of GDP)?
- In 2021, Nigeria ranked #50 out of 197 countries reporting Forest rents (% of GDP).
- How does Nigeria's Forest rents (% of GDP) compare to the world average?
- The global average for Forest rents (% of GDP) in 2021 was 1.28, so Nigeria is below the world average. Within Sub-Saharan Africa, it ranks #39 of 46.
- What is Forest rents (% of GDP) and how is it measured?
- Forest rents are roundwood harvest times the product of regional prices and a regional rental rate.
Source: World Bank Open Data (NY.GDP.FRST.RT.ZS), CC BY 4.0.