Adjusted savings: mineral depletion in Nigeria
Nigeria: Adjusted savings: mineral depletion was 28.94 million current US$ in 2021. ◆ Volatile
Adjusted savings: mineral depletion in Nigeria, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
Nigeria recorded 28.94 million current US$ for adjusted savings: mineral depletion in 2021.
That represents a change of up 59.5% on the previous year and down 42.5% over ten years.
Over the whole period, adjusted savings: mineral depletion in Nigeria peaked at 70.78 million current US$ in 2012 and was at its lowest, 0 current US$, in 1988.
Nigeria ranks 75th of 217 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.06 million current US$ | 10,742 current US$ | 25.78 million current US$ | 10 |
| 1980s | 2.16 million current US$ | 0 current US$ | 8.69 million current US$ | 10 |
| 1990s | 8,246 current US$ | 0 current US$ | 36,616 current US$ | 10 |
| 2000s | 2.06 million current US$ | 26,108 current US$ | 11.34 million current US$ | 10 |
| 2010s | 27.52 million current US$ | 1.67 million current US$ | 70.78 million current US$ | 10 |
| 2020s | 23.54 million current US$ | 18.15 million current US$ | 28.94 million current US$ | 2 |
Countries ranked near Nigeria
- 72 Romania 44.97 million current US$ compare
- 73 Fiji 37.50 million current US$ compare
- 74 Botswana 31.59 million current US$ compare
- 77 Mozambique 17.18 million current US$ compare
- 78 Central African Republic 14.98 million current US$ compare
More economy & growth data for Nigeria
- DEC alternative conversion factor 1,518 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 35.23 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 23.20 billion current US$ (2025)
- Taxes less subsidies on products 10.36 trillion current LCU (2025)
- Taxes less subsidies on products 6.82 billion current US$ (2025)
- Net primary income (Net income from abroad) -13.80 trillion current LCU (2025)
- Net primary income (Net income from abroad) -9.09 billion current US$ (2025)
- GNI per capita 1.80 million current LCU (2025)
- GNI per capita, Atlas method 1,360 current US$ (2025)
- GNI 427.73 trillion current LCU (2025)
Frequently asked questions
- What is adjusted savings: mineral depletion in Nigeria?
- Adjusted savings: mineral depletion in Nigeria was 28.94 million current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: mineral depletion recorded in Nigeria?
- The highest recorded value was 70.78 million current US$ in 2012.
- What is the lowest adjusted savings: mineral depletion recorded in Nigeria?
- The lowest recorded value was 0 current US$ in 1988.
- How does Nigeria rank for adjusted savings: mineral depletion?
- Nigeria ranks 75th out of 217 countries with data for 2021.
- Is adjusted savings: mineral depletion rising or falling in Nigeria?
- Over the last ten years it is down 42.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: mineral depletion (current US$). Statizoid updates them automatically from the source API.
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About this data
Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.