Mineral rents in Nigeria
Nigeria: Mineral rents was 0.0% in 2021. ◆ Volatile
Mineral rents in Nigeria, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Nigeria recorded 0.0% for mineral rents in 2021.
The figure is up 60.3% on the previous year and down 55.7% over ten years.
Over the whole period, mineral rents in Nigeria peaked at 0.1% in 1979 and was at its lowest, 0.0%, in 1988.
That places Nigeria 88th out of 214 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Mineral rents in Nigeria, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | -98.7% |
| 1972 | 0.0% | +29.2% |
| 1973 | 0.0% | +136.0% |
| 1974 | 0.0% | +2289.2% |
| 1975 | 0.0% | -6.0% |
| 1976 | 0.0% | +8.5% |
| 1977 | 0.1% | +351.9% |
| 1978 | 0.1% | +11.0% |
| 1979 | 0.1% | +11.1% |
| 1980 | 0.0% | -74.9% |
| 1981 | 0.0% | -81.2% |
| 1982 | 0.0% | -20.1% |
| 1983 | 0.0% | +31.7% |
| 1984 | 0.0% | -29.5% |
| 1985 | 0.0% | -17.3% |
| 1986 | 0.0% | -99.8% |
| 1987 | 0.0% | +406.3% |
| 1988 | 0.0% | -100.0% |
| 1989 | 0.0% | — |
| 1990 | 0.0% | — |
| 1991 | 0.0% | — |
| 1992 | 0.0% | — |
| 1993 | 0.0% | — |
| 1994 | 0.0% | — |
| 1995 | 0.0% | — |
| 1996 | 0.0% | +165.8% |
| 1997 | 0.0% | -42.9% |
| 1998 | 0.0% | +32.5% |
| 1999 | 0.0% | +162.9% |
| 2000 | 0.0% | +82.9% |
| 2001 | 0.0% | +77.7% |
| 2002 | 0.0% | +1.4% |
| 2003 | 0.0% | -77.3% |
| 2004 | 0.0% | -55.7% |
| 2005 | 0.0% | +4521.3% |
| 2006 | 0.0% | +12.8% |
| 2007 | 0.0% | +324.9% |
| 2008 | 0.0% | -48.6% |
| 2009 | 0.0% | +112.0% |
| 2010 | 0.0% | +152.7% |
| 2011 | 0.0% | +6.4% |
| 2012 | 0.0% | +15.0% |
| 2013 | 0.0% | +4.6% |
| 2014 | 0.0% | -75.3% |
| 2015 | 0.0% | -77.0% |
| 2016 | 0.0% | +209.4% |
| 2017 | 0.0% | +348.2% |
| 2018 | 0.0% | -18.3% |
| 2019 | 0.0% | -62.9% |
| 2020 | 0.0% | -3.8% |
| 2021 | 0.0% | +60.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0% | 0.0% | 0.1% | 10 |
| 1980s | 0.0% | 0.0% | 0.0% | 10 |
| 1990s | 0.0% | 0.0% | 0.0% | 10 |
| 2000s | 0.0% | 0.0% | 0.0% | 10 |
| 2010s | 0.0% | 0.0% | 0.0% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 2 |
Countries ranked near Nigeria
More energy & mining data for Nigeria
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 2.96 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 38.0% (2024)
Frequently asked questions
- What is mineral rents in Nigeria?
- Mineral rents in Nigeria was 0.0% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Nigeria?
- The highest recorded value was 0.1% in 1979.
- What is the lowest mineral rents recorded in Nigeria?
- The lowest recorded value was 0.0% in 1988.
- How does Nigeria rank for mineral rents?
- Nigeria ranks 88th out of 214 countries with data for 2021.
- Is mineral rents rising or falling in Nigeria?
- Over the last ten years it is down 55.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from The Changing Wealth of Nations, World Bank (WB), published as part of Mineral rents (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.