Nigeria vs Turkmenistan: Oil rents
Nigeria
6.2%
in 2021
Turkmenistan
5.8%
in 2019
Nigeria rank
25th
Turkmenistan rank
27th
Oil rents over time
- Nigeria
- Turkmenistan
How they compare
Nigeria currently reports 6.2% against 5.8% in Turkmenistan, a difference of 0.4%.
That makes Nigeria's figure about 1.1 times Turkmenistan's.
The two have swapped places 7 times across 33 shared years of data; in 1987 it was Turkmenistan ahead.
Nigeria ranks 25th and Turkmenistan ranks 27th of 201 countries.
Turkmenistan has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Nigeria | Turkmenistan | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 12.2% | 27.3% | 15.1% | Turkmenistan |
| 1990s | 16.6% | 19.3% | 2.7% | Turkmenistan |
| 2000s | 14.6% | 20.4% | 5.9% | Turkmenistan |
| 2010s | 8.3% | 8.5% | 0.2% | Turkmenistan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Nigeria or Turkmenistan?
- Nigeria, at 6.2% against 5.8% in Turkmenistan as of 2021.
- What is the difference in oil rents between Nigeria and Turkmenistan?
- 0.4%, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Turkmenistan?
- 33 years are reported by both, from 1987 to 2019.
- How do Nigeria and Turkmenistan rank globally for oil rents?
- Nigeria ranks 25th and Turkmenistan ranks 27th 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.