Adjusted savings: carbon dioxide damage in Nigeria
Nigeria: Adjusted savings: carbon dioxide damage was 5.23 billion current US$ in 2021. ▲ Rising
Adjusted savings: carbon dioxide damage in Nigeria, 1990–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for adjusted savings: carbon dioxide damage in Nigeria is 5.23 billion current US$, measured in 2021. That is the highest value across all 32 years on record.
The figure is up 10.1% on the previous year and up 84.7% over ten years.
Over the whole period, adjusted savings: carbon dioxide damage in Nigeria peaked at 5.23 billion current US$ in 2021 and was at its lowest, 881.80 million current US$, in 1990.
That places Nigeria 35th out of 210 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Adjusted savings: carbon dioxide damage in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1990 | 881.80 million current US$ | — |
| 1991 | 1.05 billion current US$ | +19.0% |
| 1992 | 1.23 billion current US$ | +17.2% |
| 1993 | 1.21 billion current US$ | -1.7% |
| 1994 | 1.15 billion current US$ | -5.1% |
| 1995 | 1.32 billion current US$ | +14.8% |
| 1996 | 1.60 billion current US$ | +21.1% |
| 1997 | 1.63 billion current US$ | +2.4% |
| 1998 | 1.52 billion current US$ | -7.0% |
| 1999 | 1.54 billion current US$ | +1.7% |
| 2000 | 1.80 billion current US$ | +16.8% |
| 2001 | 1.98 billion current US$ | +9.6% |
| 2002 | 1.86 billion current US$ | -6.0% |
| 2003 | 2.12 billion current US$ | +14.2% |
| 2004 | 2.18 billion current US$ | +2.6% |
| 2005 | 2.30 billion current US$ | +5.4% |
| 2006 | 2.18 billion current US$ | -5.2% |
| 2007 | 2.09 billion current US$ | -4.0% |
| 2008 | 2.33 billion current US$ | +11.7% |
| 2009 | 2.13 billion current US$ | -8.9% |
| 2010 | 2.57 billion current US$ | +21.1% |
| 2011 | 2.83 billion current US$ | +10.1% |
| 2012 | 2.96 billion current US$ | +4.5% |
| 2013 | 3.50 billion current US$ | +18.0% |
| 2014 | 3.87 billion current US$ | +10.6% |
| 2015 | 3.75 billion current US$ | -3.1% |
| 2016 | 3.98 billion current US$ | +6.2% |
| 2017 | 4.06 billion current US$ | +2.0% |
| 2018 | 4.31 billion current US$ | +6.0% |
| 2019 | 4.70 billion current US$ | +9.2% |
| 2020 | 4.75 billion current US$ | +1.1% |
| 2021 | 5.23 billion current US$ | +10.1% |
Nigeria compared with similar countries
- Nigeria's 5.23 billion current US$ is above the median for lower middle income countries, which is 455.86 million current US$, 11.5× the median. (47 countries reporting)
- Nigeria's 5.23 billion current US$ is above the median for Sub-Saharan Africa, which is 189.12 million current US$, 27.7× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.31 billion current US$ | 881.80 million current US$ | 1.63 billion current US$ | 10 |
| 2000s | 2.10 billion current US$ | 1.80 billion current US$ | 2.33 billion current US$ | 10 |
| 2010s | 3.65 billion current US$ | 2.57 billion current US$ | 4.70 billion current US$ | 10 |
| 2020s | 4.99 billion current US$ | 4.75 billion current US$ | 5.23 billion current US$ | 2 |
Countries ranked near Nigeria
- 32 Iraq 7.07 billion current US$ compare
- 33 Philippines 6.39 billion current US$ compare
- 34 Netherlands 6.33 billion current US$ compare
- 36 Uzbekistan 4.97 billion current US$ compare
- 37 Venezuela 4.54 billion current US$ compare
- 38 Bangladesh 4.53 billion current US$ compare
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: carbon dioxide damage in Nigeria?
- Adjusted savings: carbon dioxide damage in Nigeria was 5.23 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: carbon dioxide damage recorded in Nigeria?
- The highest recorded value was 5.23 billion current US$ in 2021.
- What is the lowest adjusted savings: carbon dioxide damage recorded in Nigeria?
- The lowest recorded value was 881.80 million current US$ in 1990.
- How does Nigeria rank for adjusted savings: carbon dioxide damage?
- Nigeria ranks 35th out of 210 countries with data for 2021.
- Is adjusted savings: carbon dioxide damage rising or falling in Nigeria?
- Over the last ten years it is up 84.7%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: carbon dioxide damage (current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Cost of damage due to carbon dioxide emissions from fossil fuel use and the manufacture of cement, estimated to be US$40 per ton of CO2 (the unit damage in 2017 US dollars for CO2 emitted in 2020) times the number of tons of CO2 emitted. 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.