Nigeria - Natural resources contribution to GDP

Coal rents (% of GDP)

Coal rents (% of GDP) in Nigeria was 0.000 as of 2019. Its highest value over the past 48 years was 0.014 in 1975, while its lowest value was 0.000 in 2000.

Definition: Coal rents are the difference between the value of both hard and soft coal production at world prices and their total costs of production.

Source: Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" (World Bank, 2011).

See also:

Year Value
1971 0.008
1972 0.012
1973 0.011
1974 0.011
1975 0.014
1976 0.007
1977 0.010
1978 0.011
1979 0.007
1980 0.007
1981 0.003
1982 0.002
1983 0.001
1984 0.002
1985 0.004
1986 0.004
1987 0.003
1988 0.003
1989 0.004
1990 0.003
1991 0.004
1992 0.003
1993 0.001
1994 0.001
1995 0.001
1996 0.000
1997 0.000
1998 0.000
1999 0.000
2000 0.000
2001 0.000
2002 0.000
2003 0.000
2004 0.000
2005 0.000
2006 0.000
2007 0.000
2008 0.001
2009 0.000
2010 0.001
2011 0.001
2012 0.001
2013 0.000
2014 0.000
2015 0.000
2016 0.000
2017 0.000
2018 0.000
2019 0.000

Forest rents (% of GDP)

Forest rents (% of GDP) in Nigeria was 0.81 as of 2019. Its highest value over the past 49 years was 5.25 in 1995, while its lowest value was 0.69 in 1981.

Definition: Forest rents are roundwood harvest times the product of average prices and a region-specific rental rate.

Source: Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" (World Bank, 2011).

See also:

Year Value
1970 1.64
1971 1.97
1972 1.73
1973 2.29
1974 1.50
1975 1.94
1976 1.38
1977 2.27
1978 2.58
1979 2.08
1980 1.94
1981 0.69
1982 1.00
1983 1.05
1984 1.27
1985 1.03
1986 2.07
1987 2.16
1988 2.42
1989 2.82
1990 2.99
1991 3.17
1992 3.36
1993 5.23
1994 4.87
1995 5.25
1996 4.48
1997 3.97
1998 4.10
1999 2.73
2000 2.32
2001 2.10
2002 1.95
2003 2.61
2004 1.66
2005 1.39
2006 1.10
2007 1.28
2008 1.32
2009 1.46
2010 1.08
2011 1.10
2012 1.11
2013 1.02
2014 1.05
2015 1.18
2016 1.49
2017 1.66
2018 1.13
2019 0.81

Mineral rents (% of GDP)

Mineral rents (% of GDP) in Nigeria was 0.006 as of 2019. Its highest value over the past 49 years was 0.111 in 1979, while its lowest value was 0.000 in 1988.

Definition: Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.

Source: Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" (World Bank, 2011).

See also:

Year Value
1970 0.021
1971 0.000
1972 0.000
1973 0.001
1974 0.020
1975 0.018
1976 0.020
1977 0.090
1978 0.100
1979 0.111
1980 0.028
1981 0.005
1982 0.004
1983 0.006
1984 0.004
1985 0.003
1986 0.000
1987 0.000
1988 0.000
1989 0.000
1990 0.000
1991 0.000
1992 0.000
1993 0.000
1994 0.000
1995 0.000
1996 0.000
1997 0.000
1998 0.000
1999 0.000
2000 0.000
2001 0.000
2002 0.000
2003 0.000
2004 0.000
2005 0.001
2006 0.001
2007 0.006
2008 0.003
2009 0.007
2010 0.017
2011 0.019
2012 0.021
2013 0.022
2014 0.006
2015 0.001
2016 0.004
2017 0.017
2018 0.017
2019 0.006

Natural gas rents (% of GDP)

Natural gas rents (% of GDP) in Nigeria was 0.98 as of 2019. Its highest value over the past 49 years was 1.82 in 2011, while its lowest value was 0.00 in 1970.

Definition: Natural gas rents are the difference between the value of natural gas production at world prices and total costs of production.

Source: Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" (World Bank, 2011).

See also:

Year Value
1970 0.00
1971 0.00
1972 0.00
1973 0.00
1974 0.00
1975 0.00
1976 0.01
1977 0.01
1978 0.01
1979 0.02
1980 0.02
1981 0.01
1982 0.00
1983 0.01
1984 0.02
1985 0.02
1986 0.03
1987 0.02
1988 0.02
1989 0.04
1990 0.03
1991 0.07
1992 0.06
1993 0.13
1994 0.09
1995 0.08
1996 0.09
1997 0.10
1998 0.07
1999 0.12
2000 0.41
2001 0.60
2002 0.43
2003 0.63
2004 0.57
2005 0.55
2006 0.73
2007 0.82
2008 0.84
2009 0.71
2010 0.79
2011 1.82
2012 1.69
2013 1.27
2014 1.33
2015 0.86
2016 0.52
2017 0.87
2018 1.47
2019 0.98

Oil rents (% of GDP)

Oil rents (% of GDP) in Nigeria was 7.40 as of 2019. Its highest value over the past 49 years was 38.55 in 1979, while its lowest value was 0.00 in 1970.

Definition: Oil rents are the difference between the value of crude oil production at world prices and total costs of production.

Source: Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" (World Bank, 2011).

See also:

Year Value
1970 0.00
1971 0.37
1972 0.00
1973 1.64
1974 24.91
1975 18.02
1976 16.25
1977 19.27
1978 16.19
1979 38.55
1980 24.04
1981 3.15
1982 1.45
1983 4.05
1984 9.01
1985 9.56
1986 4.30
1987 9.58
1988 8.10
1989 20.09
1990 21.86
1991 13.86
1992 17.11
1993 26.43
1994 16.64
1995 15.23
1996 17.77
1997 13.99
1998 5.31
1999 9.97
2000 20.64
2001 12.93
2002 9.18
2003 10.22
2004 15.29
2005 18.58
2006 16.15
2007 14.44
2008 16.84
2009 9.17
2010 12.86
2011 16.56
2012 13.99
2013 10.71
2014 8.30
2015 3.03
2016 2.80
2017 6.06
2018 8.84
2019 7.40

Total natural resources rents (% of GDP)

Total natural resources rents (% of GDP) in Nigeria was 9.20 as of 2019. Its highest value over the past 49 years was 40.77 in 1979, while its lowest value was 1.66 in 1970.

Definition: Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

Source: Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" (World Bank, 2011).

See also:

Year Value
1970 1.66
1971 2.35
1972 1.75
1973 3.95
1974 26.44
1975 20.00
1976 17.66
1977 21.66
1978 18.88
1979 40.77
1980 26.04
1981 3.86
1982 2.46
1983 5.11
1984 10.31
1985 10.61
1986 6.41
1987 11.77
1988 10.55
1989 22.95
1990 24.87
1991 17.10
1992 20.53
1993 31.79
1994 21.60
1995 20.57
1996 22.34
1997 18.06
1998 9.47
1999 12.81
2000 23.38
2001 15.63
2002 11.56
2003 13.46
2004 17.52
2005 20.52
2006 17.97
2007 16.55
2008 19.00
2009 11.35
2010 14.75
2011 19.49
2012 16.82
2013 13.01
2014 10.68
2015 5.06
2016 4.81
2017 8.61
2018 11.46
2019 9.20

Classification

Topic: Environment Indicators

Sub-Topic: Natural resources contribution to GDP