Nigeria vs Russian Federation: Oil rents
Nigeria
6.2%
in 2021
Russian Federation
9.7%
in 2021
Nigeria rank
25th
Russian Federation rank
22nd
Oil rents over time
- Nigeria
- Russian Federation
How they compare
Russian Federation currently reports 9.7% against 6.2% in Nigeria, a difference of 3.5%.
That makes Russian Federation's figure about 1.5 times Nigeria's.
The two have swapped places 3 times across 34 shared years of data; in 1988 it was Nigeria ahead.
Nigeria ranks 25th and Russian Federation ranks 22nd of 201 countries.
Across the 5 decades both report, Nigeria averaged higher in 4 and Russian Federation in 1.
Head to head by decade
| Decade | Nigeria | Russian Federation | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 13.9% | 6.6% | 7.3% | Nigeria |
| 1990s | 16.6% | 5.5% | 11.1% | Nigeria |
| 2000s | 14.6% | 11.7% | 2.8% | Nigeria |
| 2010s | 8.3% | 8.2% | 0.1% | Nigeria |
| 2020s | 4.8% | 7.2% | 2.4% | Russian Federation |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Nigeria or Russian Federation?
- Russian Federation, at 9.7% against 6.2% in Nigeria as of 2021.
- What is the difference in oil rents between Nigeria and Russian Federation?
- 3.5%, with Russian Federation ahead.
- How many years of comparable data are there for Nigeria and Russian Federation?
- 34 years are reported by both, from 1988 to 2021.
- How do Nigeria and Russian Federation rank globally for oil rents?
- Nigeria ranks 25th and Russian Federation ranks 22nd 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.