Africa's Development: National wealth National wealth … forests in Nigeria
Nigeria: Africa's Development: National wealth National wealth … forests was 15.16 US dollar in 2018. ▼ Falling
Africa's Development Dynamics (AfDD) Table 29 - National wealth in Nigeria, 2000–2018
Source: Organisation for Economic Co-operation and Development. Measured in US dollar.
Analysis
Nigeria recorded 15.16 US dollar for africa's development dynamics (afdd) table 29 - national wealth in 2018. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 8.9% on the previous year and down 35.8% over ten years.
Over the whole period, africa's development dynamics (afdd) table 29 - national wealth in Nigeria peaked at 26.98 US dollar in 2004 and was at its lowest, 15.16 US dollar, in 2018.
That places Nigeria 53rd out of 170 countries with data for 2018, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Africa's Development: National wealth National wealth … forests in Nigeria, year by year
| Year | US dollar | Change |
|---|---|---|
| 2000 | 19.99 US dollar | — |
| 2001 | 17.85 US dollar | -10.7% |
| 2002 | 17.21 US dollar | -3.6% |
| 2003 | 16.43 US dollar | -4.5% |
| 2004 | 26.98 US dollar | +64.2% |
| 2005 | 26.07 US dollar | -3.4% |
| 2006 | 25.01 US dollar | -4.1% |
| 2007 | 24.16 US dollar | -3.4% |
| 2008 | 23.62 US dollar | -2.2% |
| 2009 | 22.69 US dollar | -3.9% |
| 2010 | 21.68 US dollar | -4.5% |
| 2011 | 20.65 US dollar | -4.7% |
| 2012 | 19.69 US dollar | -4.6% |
| 2013 | 18.77 US dollar | -4.7% |
| 2014 | 17.84 US dollar | -5.0% |
| 2015 | 16.88 US dollar | -5.4% |
| 2016 | 16.38 US dollar | -3.0% |
| 2017 | 16.63 US dollar | +1.6% |
| 2018 | 15.16 US dollar | -8.9% |
Nigeria compared with similar countries
- Nigeria's 15.16 US dollar is above the median for lower middle income countries, which is 5.31 US dollar, 2.9× the median. (41 countries reporting)
- Nigeria's 15.16 US dollar is above the median for Sub-Saharan Africa, which is 5.38 US dollar, 2.8× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: National wealth National wealth … forests in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +64.2% | 16.43 US dollar | 26.98 US dollar |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22 US dollar | 16.43 US dollar | 26.98 US dollar | 10 |
| 2010s | 18.19 US dollar | 15.16 US dollar | 21.68 US dollar | 9 |
Countries ranked near Nigeria
More environment data for Nigeria
- Historical exposure to drought — Land soil moisture anomaly -5.73 Percentage change (2025)
- Historical exposure to drought — Cropland soil moisture anomaly -5.07 Percentage change (2025)
- Standard Deviation, annual growth rate 0 % change on previous year (2025)
- Standard Deviation 0.281 °C (2025)
- Temperature change 1.15 °C (2025)
- Sawnwood, coniferous — Production, annual growth rate 0 % change on previous year (2024)
- Wood-based panels — Production, annual growth rate 0 % change on previous year (2024)
- Total greenhouse gas emissions excluding LULUCF (Mt CO2e), annual 3.78 % change on previous year (2024)
- Total greenhouse gas emissions excluding LULUCF (Mt CO2e), per unit 0 Mt CO2e per US$ of GDP (2024)
- Total greenhouse gas emissions excluding LULUCF (Mt CO2e), per capita 0 Mt CO2e per person (2024)
Frequently asked questions
- What is africa's development dynamics (afdd) table 29 - national wealth in Nigeria?
- Africa's development dynamics (afdd) table 29 - national wealth in Nigeria was 15.16 US dollar in 2018, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 29 - national wealth recorded in Nigeria?
- The highest recorded value was 26.98 US dollar in 2004.
- What is the lowest africa's development dynamics (afdd) table 29 - national wealth recorded in Nigeria?
- The lowest recorded value was 15.16 US dollar in 2018.
- How does Nigeria rank for africa's development dynamics (afdd) table 29 - national wealth?
- Nigeria ranks 53rd out of 170 countries with data for 2018.
- Is africa's development dynamics (afdd) table 29 - national wealth rising or falling in Nigeria?
- Over the last ten years it is down 35.8%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 29 - National wealth — National wealth, forests, ecosystem services. Statizoid updates them automatically from the source API.
Download this data
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 29 shows estimates of total national wealth, taking into account produced capital, human capital, and natural resources. These estimates were calculated in the World Bank publication The Changing Wealth of Nations 2021.