Natural gas rents in Nigeria
Nigeria: Natural gas rents was 1.2% in 2021. ◆ Volatile
Natural gas rents in Nigeria, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for natural gas rents in Nigeria is 1.2%, measured in 2021. That is the highest value across all 52 years on record.
That represents a change of up 73.9% on the previous year and up 22.4% over ten years.
Over the whole period, natural gas rents in Nigeria peaked at 1.2% in 2021 and was at its lowest, 0.0%, in 1970.
That places Nigeria 29th out of 201 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Natural gas rents in Nigeria, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | +222.1% |
| 1972 | 0.0% | +6.6% |
| 1973 | 0.0% | +29.2% |
| 1974 | 0.0% | +23.0% |
| 1975 | 0.0% | +106.3% |
| 1976 | 0.0% | -0.6% |
| 1977 | 0.0% | +12.4% |
| 1978 | 0.0% | +16.6% |
| 1979 | 0.0% | +48.5% |
| 1980 | 0.1% | +18.5% |
| 1981 | 0.0% | -67.3% |
| 1982 | 0.0% | -53.5% |
| 1983 | 0.0% | +438.8% |
| 1984 | 0.1% | +23.8% |
| 1985 | 0.1% | +16.8% |
| 1986 | 0.1% | +48.1% |
| 1987 | 0.1% | -5.5% |
| 1988 | 0.1% | -6.1% |
| 1989 | 0.1% | +56.2% |
| 1990 | 0.1% | -6.5% |
| 1991 | 0.1% | +16.2% |
| 1992 | 0.1% | -0.4% |
| 1993 | 0.3% | +136.1% |
| 1994 | 0.3% | -14.8% |
| 1995 | 0.2% | -12.4% |
| 1996 | 0.2% | -8.1% |
| 1997 | 0.2% | -2.8% |
| 1998 | 0.2% | -25.8% |
| 1999 | 0.2% | +25.5% |
| 2000 | 0.6% | +171.7% |
| 2001 | 0.7% | +28.8% |
| 2002 | 0.5% | -30.9% |
| 2003 | 0.8% | +55.1% |
| 2004 | 0.7% | -11.5% |
| 2005 | 0.3% | -58.2% |
| 2006 | 0.7% | +154.5% |
| 2007 | 0.8% | +3.4% |
| 2008 | 0.7% | -1.0% |
| 2009 | 0.5% | -30.4% |
| 2010 | 0.6% | +18.8% |
| 2011 | 1.0% | +53.4% |
| 2012 | 0.9% | -0.7% |
| 2013 | 0.7% | -25.1% |
| 2014 | 0.7% | -0.0% |
| 2015 | 0.6% | -14.2% |
| 2016 | 0.5% | -20.5% |
| 2017 | 0.7% | +40.8% |
| 2018 | 1.0% | +42.5% |
| 2019 | 0.9% | -11.7% |
| 2020 | 0.7% | -21.7% |
| 2021 | 1.2% | +73.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0% | 0.0% | 0.0% | 10 |
| 1980s | 0.1% | 0.0% | 0.1% | 10 |
| 1990s | 0.2% | 0.1% | 0.3% | 10 |
| 2000s | 0.6% | 0.3% | 0.8% | 10 |
| 2010s | 0.8% | 0.5% | 1.0% | 10 |
| 2020s | 0.9% | 0.7% | 1.2% | 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 natural gas rents in Nigeria?
- Natural gas rents in Nigeria was 1.2% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest natural gas rents recorded in Nigeria?
- The highest recorded value was 1.2% in 2021.
- What is the lowest natural gas rents recorded in Nigeria?
- The lowest recorded value was 0.0% in 1970.
- How does Nigeria rank for natural gas rents?
- Nigeria ranks 29th out of 201 countries with data for 2021.
- Is natural gas rents rising or falling in Nigeria?
- Over the last ten years it is up 22.4%. 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 Natural gas rents (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.