IDA & IBRD total vs Nigeria: Oil rents
IDA & IBRD total
1.9%
in 2021
Nigeria
6.2%
in 2021
IDA & IBRD total rank
22nd
Nigeria rank
25th
Oil rents over time
- IDA & IBRD total
- Nigeria
How they compare
Nigeria currently reports 6.2% against 1.9% in IDA & IBRD total, a difference of 4.3%.
That makes Nigeria's figure about 3.4 times IDA & IBRD total's.
The two have swapped places 3 times across 52 shared years of data; in 1970 it was IDA & IBRD total ahead.
IDA & IBRD total ranks 22nd and Nigeria ranks 25th of 47 groups.
Nigeria has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | IDA & IBRD total | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.7% | 14.5% | 9.8% | Nigeria |
| 1980s | 5.7% | 9.3% | 3.6% | Nigeria |
| 1990s | 3.2% | 16.6% | 13.4% | Nigeria |
| 2000s | 4.7% | 14.6% | 9.9% | Nigeria |
| 2010s | 2.9% | 8.3% | 5.4% | Nigeria |
| 2020s | 1.4% | 4.8% | 3.4% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, IDA & IBRD total or Nigeria?
- Nigeria, at 6.2% against 1.9% in IDA & IBRD total as of 2021.
- What is the difference in oil rents between IDA & IBRD total and Nigeria?
- 4.3%, with Nigeria ahead.
- How many years of comparable data are there for IDA & IBRD total and Nigeria?
- 52 years are reported by both, from 1970 to 2021.
- How do IDA & IBRD total and Nigeria rank globally for oil rents?
- IDA & IBRD total ranks 22nd and Nigeria ranks 25th of 47 groups.
- Where does this data come from?
- The Changing Wealth of Nations, World Bank (WB), published as Oil rents (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.