Nigeria: Natural gas rents (% of GDP)
In , Nigeria's Natural gas rents (% of GDP) was 1.16.
That's up 73.9% from 2020, the highest value on record.
The global average for this indicator in 2021 was 0.93 . Nigeria ranks #26 globally out of 190 reporting countries. Within Sub-Saharan Africa, it ranks #3 of 45.
Source: World Bank Open Data (NY.GDP.NGAS.RT.ZS) • Data as of 2021
Trend (2002–2021)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 1.16
- Trough
- 0.29
- 1-year change
- +73.9%
- 5-year change
- +141.2%
- +19.3% / yr
- 10-year change
- +22.3%
- +2.0% / yr
Historical Data — Last 10 Years
| Year | Natural gas rents (% of GDP) |
|---|---|
| 1.1640 | |
| 0.6692 | |
| 0.8551 | |
| 0.9684 | |
| 0.6797 | |
| 0.4826 | |
| 0.6067 | |
| 0.7070 | |
| 0.7072 | |
| 0.9448 |
About Natural gas rents (% of GDP)
Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.
Indicator code: NY.GDP.NGAS.RT.ZS • Category: Economy
Frequently asked questions
- What was Nigeria's Natural gas rents (% of GDP) in 2021?
- In 2021, Nigeria's Natural gas rents (% of GDP) was 1.16, according to World Bank Open Data.
- Is Nigeria's Natural gas rents (% of GDP) rising or falling?
- Nigeria's Natural gas rents (% of GDP) rose 73.9% from 2020 to 2021.
- How does Nigeria rank globally on Natural gas rents (% of GDP)?
- In 2021, Nigeria ranked #26 out of 190 countries reporting Natural gas rents (% of GDP).
- How does Nigeria's Natural gas rents (% of GDP) compare to the world average?
- The global average for Natural gas rents (% of GDP) in 2021 was 0.93, so Nigeria is above the world average. Within Sub-Saharan Africa, it ranks #3 of 45.
- What is Natural gas rents (% of GDP) and how is it measured?
- Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.
Source: World Bank Open Data (NY.GDP.NGAS.RT.ZS), CC BY 4.0.