Vegetable oil vs gdp, annual growth rate in Nigeria
Nigeria: Vegetable oil vs gdp, annual growth rate was -2.76 % change on previous year in 2023. ◆ Volatile
Vegetable oil vs gdp, annual growth rate in Nigeria, 1962–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for vegetable oil vs gdp, annual growth rate in Nigeria is -2.76 % change on previous year, measured in 2023.
Compared with earlier readings it is down 181.7% on the previous year and down 3,820.1% over ten years.
Over the whole period, vegetable oil vs gdp, annual growth rate in Nigeria peaked at 23.64 % change on previous year in 1986 and was at its lowest, -19.1 % change on previous year, in 2009.
That places Nigeria 118th out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.22 % change on previous year | -15.48 % change on previous year | 11.63 % change on previous year | 8 |
| 1970s | -0.7044 % change on previous year | -18.58 % change on previous year | 23.63 % change on previous year | 10 |
| 1980s | 0.6652 % change on previous year | -17.35 % change on previous year | 23.64 % change on previous year | 10 |
| 1990s | 1.75 % change on previous year | -6.43 % change on previous year | 10.85 % change on previous year | 10 |
| 2000s | -1.51 % change on previous year | -19.1 % change on previous year | 7.67 % change on previous year | 10 |
| 2010s | 1.92 % change on previous year | -7.44 % change on previous year | 17.69 % change on previous year | 10 |
| 2020s | 0.5965 % change on previous year | -2.76 % change on previous year | 3.37 % change on previous year | 4 |
Countries ranked near Nigeria
- 115 Türkiye -2.49 % change on previous year compare
- 116 Germany -2.74 % change on previous year compare
- 117 Serbia -2.75 % change on previous year compare
- 119 Madagascar -2.99 % change on previous year compare
- 120 Namibia -3.15 % change on previous year compare
- 121 Afghanistan -3.15 % change on previous year compare
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 vegetable oil vs gdp, annual growth rate in Nigeria?
- Vegetable oil vs gdp, annual growth rate in Nigeria was -2.76 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest vegetable oil vs gdp, annual growth rate recorded in Nigeria?
- The highest recorded value was 23.64 % change on previous year in 1986.
- What is the lowest vegetable oil vs gdp, annual growth rate recorded in Nigeria?
- The lowest recorded value was -19.1 % change on previous year in 2009.
- How does Nigeria rank for vegetable oil vs gdp, annual growth rate?
- Nigeria ranks 118th out of 184 countries with data for 2023.
- Is vegetable oil vs gdp, annual growth rate rising or falling in Nigeria?
- Over the last ten years it is down 3,820.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Vegetable oil vs gdp, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 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 Vegetable oil vs gdp. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Vegetable oil vs gdp 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 Vegetable oil vs gdp. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.