Oil reserves, annual growth rate in Nigeria
Nigeria: Oil reserves, annual growth rate was -0.2218 % change on previous year in 2021. ◆ Volatile
Oil reserves, annual growth rate in Nigeria, 1981–2021
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for oil reserves, annual growth rate in Nigeria is -0.2218 % change on previous year, measured in 2021.
Compared with earlier readings it is down 110.2% on the previous year.
Over the whole period, oil reserves, annual growth rate in Nigeria peaked at 41.02 % change on previous year in 2005 and was at its lowest, -25.48 % change on previous year, in 1997.
That places Nigeria 80th out of 99 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil reserves, annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1981 | -4.02 % change on previous year | — |
| 1982 | -1.2 % change on previous year | -70.2% |
| 1983 | 1.52 % change on previous year | -226.5% |
| 1984 | -1.19 % change on previous year | -178.8% |
| 1985 | 0.6043 % change on previous year | -150.6% |
| 1986 | -0.3003 % change on previous year | -149.7% |
| 1987 | -3.61 % change on previous year | +1103.5% |
| 1988 | -0.125 % change on previous year | -96.5% |
| 1989 | 0.1252 % change on previous year | -200.1% |
| 1990 | 0 % change on previous year | -100.0% |
| 1991 | 6.87 % change on previous year | — |
| 1992 | 4.68 % change on previous year | -32.0% |
| 1993 | 0 % change on previous year | -100.0% |
| 1994 | 0 % change on previous year | — |
| 1995 | 0 % change on previous year | — |
| 1996 | 16.36 % change on previous year | — |
| 1997 | -25.48 % change on previous year | -255.8% |
| 1998 | 8.15 % change on previous year | -132.0% |
| 1999 | 34.04 % change on previous year | +317.6% |
| 2000 | 0 % change on previous year | -100.0% |
| 2001 | 0 % change on previous year | — |
| 2002 | 6.67 % change on previous year | — |
| 2003 | 0 % change on previous year | -100.0% |
| 2004 | 4.17 % change on previous year | — |
| 2005 | 41.02 % change on previous year | +884.5% |
| 2006 | 1.76 % change on previous year | -95.7% |
| 2007 | 0.9588 % change on previous year | -45.6% |
| 2008 | 0 % change on previous year | -100.0% |
| 2009 | 0 % change on previous year | — |
| 2010 | 2.71 % change on previous year | — |
| 2011 | 0 % change on previous year | -100.0% |
| 2012 | 0 % change on previous year | — |
| 2013 | 0 % change on previous year | — |
| 2014 | -0.1613 % change on previous year | — |
| 2015 | -0.1885 % change on previous year | +16.9% |
| 2016 | 0 % change on previous year | -100.0% |
| 2017 | -0.0215 % change on previous year | — |
| 2018 | 1.05 % change on previous year | -4995.5% |
| 2019 | -3.39 % change on previous year | -421.7% |
| 2020 | 2.18 % change on previous year | -164.3% |
| 2021 | -0.2218 % change on previous year | -110.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -0.9122 % change on previous year | -4.02 % change on previous year | 1.52 % change on previous year | 9 |
| 1990s | 4.46 % change on previous year | -25.48 % change on previous year | 34.04 % change on previous year | 10 |
| 2000s | 5.46 % change on previous year | 0 % change on previous year | 41.02 % change on previous year | 10 |
| 2010s | -0.0004 % change on previous year | -3.39 % change on previous year | 2.71 % change on previous year | 10 |
| 2020s | 0.9808 % change on previous year | -0.2218 % change on previous year | 2.18 % change on previous year | 2 |
Countries ranked near Nigeria
More energy & mining data for Nigeria
- Fuel imports 38.0% (2024)
- Ores and metals imports 1.1% (2024)
- Ores and metals exports 1.2% (2024)
- Gas production 507.74 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 2,138 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 507.74 terawatt-hours (2025)
- Gas production per person 2,138 kilowatt-hours per person (2025)
- Fossil fuel production by fuel, per capita 0 terawatt-hours per person (2025)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Gas production, per capita 0 terawatt-hours per person (2025)
Frequently asked questions
- What is oil reserves, annual growth rate in Nigeria?
- Oil reserves, annual growth rate in Nigeria was -0.2218 % change on previous year in 2021, according to Statizoid (derived).
- What is the highest oil reserves, annual growth rate recorded in Nigeria?
- The highest recorded value was 41.02 % change on previous year in 2005.
- What is the lowest oil reserves, annual growth rate recorded in Nigeria?
- The lowest recorded value was -25.48 % change on previous year in 1997.
- How does Nigeria rank for oil reserves, annual growth rate?
- Nigeria ranks 80th out of 99 countries with data for 2021.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Oil reserves, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Oil reserves. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Oil reserves U.S. Energy Information Administration (2022) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Oil reserves. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.