Adjusted savings: education expenditure in Nigeria
Nigeria: Adjusted savings: education expenditure was 3.60 billion current US$ in 2021. β Volatile
Adjusted savings: education expenditure in Nigeria, 1970β2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for adjusted savings: education expenditure in Nigeria is 3.60 billion current US$, measured in 2021.
The figure is up 1.8% on the previous year and up 8.3% over ten years.
Over the whole period, adjusted savings: education expenditure in Nigeria peaked at 8.32 billion current US$ in 1981 and was at its lowest, 127.75 million current US$, in 1971.
Nigeria ranks 67th of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 641.00 million current US$ | 127.75 million current US$ | 1.21 billion current US$ | 10 |
| 1980s | 3.23 billion current US$ | 742.86 million current US$ | 8.32 billion current US$ | 10 |
| 1990s | 407.89 million current US$ | 215.95 million current US$ | 670.61 million current US$ | 10 |
| 2000s | 1.45 billion current US$ | 538.06 million current US$ | 2.76 billion current US$ | 10 |
| 2010s | 3.66 billion current US$ | 2.95 billion current US$ | 4.72 billion current US$ | 10 |
| 2020s | 3.57 billion current US$ | 3.54 billion current US$ | 3.60 billion current US$ | 2 |
Countries ranked near Nigeria
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)
- Taxes less subsidies on products (current LCU), annual growth rate 26.23 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 35.61 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 43,596 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0005 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,966 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1,436 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.0007 (2025)
- Gdp worldbank constant usd, annual growth rate 4.01 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: education expenditure in Nigeria?
- Adjusted savings: education expenditure in Nigeria was 3.60 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Nigeria?
- The highest recorded value was 8.32 billion current US$ in 1981.
- What is the lowest adjusted savings: education expenditure recorded in Nigeria?
- The lowest recorded value was 127.75 million current US$ in 1971.
- How does Nigeria rank for adjusted savings: education expenditure?
- Nigeria ranks 67th out of 195 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Nigeria?
- Over the last ten years it is up 8.3%. 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: education expenditure (current US$). Statizoid updates them automatically from the source API.
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About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. 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.