Fossil fuel subsidies gdp in Nigeria

Nigeria: Fossil fuel subsidies gdp was 1.01 in 2021. β—† Volatile

Latest (2021)
1.01
Change on year
up 1,162.5%
World rank
46th
of 187 countries
All-time high
1.57
in 2011
All-time low
0.01
in 2016
Years of data
12
2010–2021

Fossil fuel subsidies gdp in Nigeria, 2010–2021

00.511.52010201520212010: 0.732011: 1.62012: 1.52013: 1.42014: 1.12015: 0.182016: 0.012017: 0.192018: 0.462019: 0.362020: 0.082021: 1

Source: Our World in Data.

Analysis

In 2021, fossil fuel subsidies gdp in Nigeria stood at 1.01.

Compared with earlier readings it is up 1,162.5% on the previous year and down 35.7% over ten years.

Over the whole period, fossil fuel subsidies gdp in Nigeria peaked at 1.57 in 2011 and was at its lowest, 0.01, in 2016.

Nigeria ranks 46th of 187 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.759 0.01 1.57 10
2020s 0.545 0.08 1.01 2

Countries ranked near Nigeria

  1. 43 Greece 1.06 compare
  2. 43 Lithuania 1.06 compare
  3. 45 South Africa 1.02 compare
  4. 47 Madagascar 0.94 compare
  5. 48 Antigua and Barbuda 0.93 compare
  6. 48 Niger 0.93 compare

See the full ranking of 187 places β†’

More energy & mining data for Nigeria

All data for Nigeria β†’

Frequently asked questions

What is fossil fuel subsidies gdp in Nigeria?
Fossil fuel subsidies gdp in Nigeria was 1.01 in 2021, according to Our World in Data.
What is the highest fossil fuel subsidies gdp recorded in Nigeria?
The highest recorded value was 1.57 in 2011.
What is the lowest fossil fuel subsidies gdp recorded in Nigeria?
The lowest recorded value was 0.01 in 2016.
How does Nigeria rank for fossil fuel subsidies gdp?
Nigeria ranks 46th out of 187 countries with data for 2021.
Is fossil fuel subsidies gdp rising or falling in Nigeria?
Over the last ten years it is down 35.7%. The long-run trend across the full record is volatile.
Where does this Nigeria data come from?
The figures come from Our World in Data, published as part of Fossil fuel subsidies gdp. Statizoid updates them automatically from the source API.

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CSV Β· JSON β€” 12 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Fossil fuel subsidies gdp
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
187 places, 2,094 data points, 2010–2021
Last refreshed