Nigeria vs Norway: Oil rents
Nigeria
6.2%
in 2021
Norway
6.1%
in 2021
Nigeria rank
25th
Norway rank
26th
Oil rents over time
- Nigeria
- Norway
How they compare
Nigeria currently reports 6.2% against 6.1% in Norway, a difference of 0.1%.
The two have swapped places 4 times across 51 shared years of data; in 1971 it was Nigeria ahead.
Nigeria ranks 25th and Norway ranks 26th of 201 countries.
Nigeria has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Nigeria | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 16.0% | 1.2% | 14.8% | Nigeria |
| 1980s | 9.3% | 4.4% | 4.9% | Nigeria |
| 1990s | 16.6% | 5.2% | 11.4% | Nigeria |
| 2000s | 14.6% | 8.6% | 6.0% | Nigeria |
| 2010s | 8.3% | 5.0% | 3.3% | Nigeria |
| 2020s | 4.8% | 4.6% | 0.1% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Nigeria or Norway?
- Nigeria, at 6.2% against 6.1% in Norway as of 2021.
- What is the difference in oil rents between Nigeria and Norway?
- 0.1%, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Norway?
- 51 years are reported by both, from 1971 to 2021.
- How do Nigeria and Norway rank globally for oil rents?
- Nigeria ranks 25th and Norway ranks 26th of 201 countries.
- 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.