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Nigeria: Total natural resources rents (% of GDP)

In , Nigeria's Total natural resources rents (% of GDP) was 8.55.

That's up 68.5% from 2020, the highest value since .

The global average for this indicator in 2021 was 6.63 . Nigeria ranks #50 globally out of 197 reporting countries. Within Sub-Saharan Africa, it ranks #21 of 46.

Source: World Bank Open Data (NY.GDP.TOTL.RT.ZS) • Data as of 2021

Trend (2002–2021)

Nigeria Total natural resources rents (% of GDP) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse

Highlights

Peak
19.39
Trough
4.55
1-year change
+68.5%
5-year change
+83.6%
+12.9% / yr
10-year change
-51.3%
-6.9% / yr

Historical Data — Last 10 Years

Year Total natural resources rents (% of GDP)
8.5530
5.0748
8.3532
9.7985
7.8050
4.6577
4.5541
8.7819
11.6227
15.1485

About Total natural resources rents (% of GDP)

Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

Indicator code: NY.GDP.TOTL.RT.ZS • Category: Economy

Frequently asked questions

What was Nigeria's Total natural resources rents (% of GDP) in 2021?
In 2021, Nigeria's Total natural resources rents (% of GDP) was 8.55, according to World Bank Open Data.
Is Nigeria's Total natural resources rents (% of GDP) rising or falling?
Nigeria's Total natural resources rents (% of GDP) rose 68.5% from 2020 to 2021.
How does Nigeria rank globally on Total natural resources rents (% of GDP)?
In 2021, Nigeria ranked #50 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Nigeria's Total natural resources rents (% of GDP) compare to the world average?
The global average for Total natural resources rents (% of GDP) in 2021 was 6.63, so Nigeria is above the world average. Within Sub-Saharan Africa, it ranks #21 of 46.
What is Total natural resources rents (% of GDP) and how is it measured?
Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.
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Source: World Bank Open Data (NY.GDP.TOTL.RT.ZS), CC BY 4.0.