Adjusted savings: net national savings in Nigeria

Nigeria: Adjusted savings: net national savings was 100.36 billion current US$ in 2021. ◆ Volatile

Latest (2021)
100.36 billion current US$
Change on year
up 30.1%
World rank
16th
of 176 countries
All-time high
125.99 billion current US$
in 1981
All-time low
10.58 billion current US$
in 1993
Years of data
41
1981–2021

Adjusted savings: net national savings in Nigeria, 1981–2021

025.0B50.0B75.0B100.0B125.0B1981200120211981: 126.0B current US$1982: 106.0B current US$1983: 63.9B current US$1984: 37.9B current US$1985: 28.4B current US$1986: 23.8B current US$1987: 22.4B current US$1988: 19.5B current US$1989: 24.8B current US$1990: 27.7B current US$1991: 23.8B current US$1992: 19.9B current US$1993: 10.6B current US$1994: 11.2B current US$1995: 15.0B current US$1996: 16.0B current US$1997: 18.4B current US$1998: 14.1B current US$1999: 23.1B current US$2000: 30.5B current US$2001: 19.7B current US$2002: 21.4B current US$2003: 21.5B current US$2004: 31.6B current US$2005: 52.2B current US$2006: 102.0B current US$2007: 53.9B current US$2008: 84.3B current US$2009: 52.6B current US$2010: 58.4B current US$2011: 69.9B current US$2012: 114.7B current US$2013: 54.8B current US$2014: 76.8B current US$2015: 38.0B current US$2016: 27.4B current US$2017: 35.4B current US$2018: 41.2B current US$2019: 56.5B current US$2020: 77.2B current US$2021: 100.4B current US$

Source: Staff estimates, World Bank (WB). Measured in current US$.

Analysis

Nigeria recorded 100.36 billion current US$ for adjusted savings: net national savings in 2021.

Compared with earlier readings it is up 30.1% on the previous year and up 43.6% over ten years.

Over the whole period, adjusted savings: net national savings in Nigeria peaked at 125.99 billion current US$ in 1981 and was at its lowest, 10.58 billion current US$, in 1993.

Nigeria ranks 16th of 176 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1980s 50.30 billion current US$ 19.47 billion current US$ 125.99 billion current US$ 9
1990s 17.97 billion current US$ 10.58 billion current US$ 27.69 billion current US$ 10
2000s 46.96 billion current US$ 19.71 billion current US$ 101.99 billion current US$ 10
2010s 57.29 billion current US$ 27.40 billion current US$ 114.66 billion current US$ 10
2020s 88.76 billion current US$ 77.16 billion current US$ 100.36 billion current US$ 2

Countries ranked near Nigeria

  1. 13 Netherlands 116.72 billion current US$ compare
  2. 14 Norway 108.22 billion current US$ compare
  3. 15 Singapore 102.90 billion current US$ compare
  4. 17 Italy 98.52 billion current US$ compare
  5. 18 Japan 96.19 billion current US$ compare
  6. 19 Switzerland 95.84 billion current US$ compare

See the full ranking of 176 places →

More economy & growth data for Nigeria

All data for Nigeria →

Frequently asked questions

What is adjusted savings: net national savings in Nigeria?
Adjusted savings: net national savings in Nigeria was 100.36 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
What is the highest adjusted savings: net national savings recorded in Nigeria?
The highest recorded value was 125.99 billion current US$ in 1981.
What is the lowest adjusted savings: net national savings recorded in Nigeria?
The lowest recorded value was 10.58 billion current US$ in 1993.
How does Nigeria rank for adjusted savings: net national savings?
Nigeria ranks 16th out of 176 countries with data for 2021.
Is adjusted savings: net national savings rising or falling in Nigeria?
Over the last ten years it is up 43.6%. 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: net national savings (current US$). Statizoid updates them automatically from the source API.

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About this data

Indicator
Adjusted savings: net national savings (current US$)
Unit
current US$
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
176 places, 5,846 data points, 1970–2021
Last refreshed

Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.