Oil reserves, per capita in Nigeria

Nigeria: Oil reserves, per capita was 26.84 cubic meters per person in 2021. ▬ Flat

Latest (2021)
26.84 cubic meters per person
Change on year
down 2.3%
World rank
23rd
of 201 countries
All-time high
38.65 cubic meters per person
in 2005
All-time low
21.14 cubic meters per person
in 1997
Years of data
42
1980–2021

Oil reserves, per capita in Nigeria, 1980–2021

0102030401980200020211980: 37.5 cubic meters per person1981: 34.9 cubic meters per person1982: 33.5 cubic meters per person1983: 33.1 cubic meters per person1984: 31.9 cubic meters per person1985: 31.2 cubic meters per person1986: 30.3 cubic meters per person1987: 28.4 cubic meters per person1988: 27.6 cubic meters per person1989: 26.9 cubic meters per person1990: 26.2 cubic meters per person1991: 27.3 cubic meters per person1992: 27.8 cubic meters per person1993: 27.1 cubic meters per person1994: 26.4 cubic meters per person1995: 25.7 cubic meters per person1996: 29.1 cubic meters per person1997: 21.1 cubic meters per person1998: 22.3 cubic meters per person1999: 29.1 cubic meters per person2000: 28.3 cubic meters per person2001: 27.5 cubic meters per person2002: 28.6 cubic meters per person2003: 27.8 cubic meters per person2004: 28.2 cubic meters per person2005: 38.7 cubic meters per person2006: 38.3 cubic meters per person2007: 37.6 cubic meters per person2008: 36.5 cubic meters per person2009: 35.5 cubic meters per person2010: 35.5 cubic meters per person2011: 34.5 cubic meters per person2012: 33.6 cubic meters per person2013: 32.7 cubic meters per person2014: 31.8 cubic meters per person2015: 30.9 cubic meters per person2016: 30.2 cubic meters per person2017: 29.4 cubic meters per person2018: 29.1 cubic meters per person2019: 27.5 cubic meters per person2020: 27.5 cubic meters per person2021: 26.8 cubic meters per person

Source: Statizoid (derived). Measured in cubic meters per person.

Analysis

In 2021, oil reserves, per capita in Nigeria stood at 26.84 cubic meters per person.

Compared with earlier readings it is down 2.3% on the previous year and down 22.2% over ten years.

Over the whole period, oil reserves, per capita in Nigeria peaked at 38.65 cubic meters per person in 2005 and was at its lowest, 21.14 cubic meters per person, in 1997.

Nigeria ranks 23rd of 201 countries on this measure, in the top quarter.

Oil reserves, per capita in Nigeria, year by year

Annual values for Oil reserves, per capita in Nigeria, 1980 to 2021.
Year cubic meters per person Change
1980 37.5 cubic meters per person
1981 34.9 cubic meters per person -6.9%
1982 33.47 cubic meters per person -4.1%
1983 33.11 cubic meters per person -1.1%
1984 31.88 cubic meters per person -3.7%
1985 31.18 cubic meters per person -2.2%
1986 30.25 cubic meters per person -3.0%
1987 28.39 cubic meters per person -6.1%
1988 27.61 cubic meters per person -2.8%
1989 26.91 cubic meters per person -2.5%
1990 26.19 cubic meters per person -2.7%
1991 27.26 cubic meters per person +4.1%
1992 27.8 cubic meters per person +2.0%
1993 27.07 cubic meters per person -2.6%
1994 26.37 cubic meters per person -2.6%
1995 25.68 cubic meters per person -2.6%
1996 29.11 cubic meters per person +13.4%
1997 21.14 cubic meters per person -27.4%
1998 22.27 cubic meters per person +5.4%
1999 29.07 cubic meters per person +30.6%
2000 28.3 cubic meters per person -2.6%
2001 27.55 cubic meters per person -2.7%
2002 28.59 cubic meters per person +3.8%
2003 27.81 cubic meters per person -2.7%
2004 28.18 cubic meters per person +1.3%
2005 38.65 cubic meters per person +37.2%
2006 38.26 cubic meters per person -1.0%
2007 37.57 cubic meters per person -1.8%
2008 36.54 cubic meters per person -2.7%
2009 35.54 cubic meters per person -2.7%
2010 35.49 cubic meters per person -0.1%
2011 34.51 cubic meters per person -2.8%
2012 33.57 cubic meters per person -2.7%
2013 32.67 cubic meters per person -2.7%
2014 31.76 cubic meters per person -2.8%
2015 30.91 cubic meters per person -2.7%
2016 30.16 cubic meters per person -2.4%
2017 29.42 cubic meters per person -2.4%
2018 29.06 cubic meters per person -1.3%
2019 27.46 cubic meters per person -5.5%
2020 27.47 cubic meters per person +0.0%
2021 26.84 cubic meters per person -2.3%

Averages by decade

DecadeAverage LowestHighest Years
1980s 31.52 cubic meters per person 26.91 cubic meters per person 37.5 cubic meters per person 10
1990s 26.2 cubic meters per person 21.14 cubic meters per person 29.11 cubic meters per person 10
2000s 32.7 cubic meters per person 27.55 cubic meters per person 38.65 cubic meters per person 10
2010s 31.5 cubic meters per person 27.46 cubic meters per person 35.49 cubic meters per person 10
2020s 27.15 cubic meters per person 26.84 cubic meters per person 27.47 cubic meters per person 2

Countries ranked near Nigeria

  1. 20 Algeria 43.33 cubic meters per person compare
  2. 21 Angola 35.83 cubic meters per person compare
  3. 22 Trinidad and Tobago 28.25 cubic meters per person compare
  4. 24 Suriname 22.9 cubic meters per person compare
  5. 25 United States of America 22.59 cubic meters per person compare
  6. 26 Bahrain 19.71 cubic meters per person compare

See the full ranking of 201 places →

More energy & mining data for Nigeria

All data for Nigeria →

Frequently asked questions

What is oil reserves, per capita in Nigeria?
Oil reserves, per capita in Nigeria was 26.84 cubic meters per person in 2021, according to Statizoid (derived).
What is the highest oil reserves, per capita recorded in Nigeria?
The highest recorded value was 38.65 cubic meters per person in 2005.
What is the lowest oil reserves, per capita recorded in Nigeria?
The lowest recorded value was 21.14 cubic meters per person in 1997.
How does Nigeria rank for oil reserves, per capita?
Nigeria ranks 23rd out of 201 countries with data for 2021.
Is oil reserves, per capita rising or falling in Nigeria?
Over the last ten years it is down 22.2%. The long-run trend across the full record is flat.
Where does this Nigeria data come from?
The figures come from Statizoid (derived), published as part of Oil reserves, per capita. Statizoid updates them automatically from the source API.

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Oil reserves, per capita in Nigeria. Statizoid, drawing on Statizoid (derived). Retrieved 23 August 2026, from https://energy.statizoid.com/stat/oil-reserves-per-capita/nigeria/

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How this figure is calculated

Oil reserves divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Oil reserves ÷ Population, total

Computed from

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

Indicator
Oil reserves, per capita
Unit
cubic meters per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
201 places, 7,683 data points, 1980–2021
Last refreshed

Oil reserves divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.