Adjusted savings: energy depletion in Nigeria
Nigeria: Adjusted savings: energy depletion was 11.59 billion current US$ in 2021. ◆ Volatile
Adjusted savings: energy depletion in Nigeria, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for adjusted savings: energy depletion in Nigeria is 11.59 billion current US$, measured in 2021.
Compared with earlier readings it is up 75.3% on the previous year and down 65.6% over ten years.
Over the whole period, adjusted savings: energy depletion in Nigeria peaked at 33.72 billion current US$ in 2011 and was at its lowest, 34.93 million current US$, in 1971.
Nigeria ranks 24th of 208 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: energy depletion in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 54.03 million current US$ | — |
| 1971 | 34.93 million current US$ | -35.4% |
| 1972 | 149.88 million current US$ | +329.1% |
| 1973 | 307.21 million current US$ | +105.0% |
| 1974 | 4.97 billion current US$ | +1517.2% |
| 1975 | 3.44 billion current US$ | -30.7% |
| 1976 | 4.18 billion current US$ | +21.6% |
| 1977 | 5.18 billion current US$ | +23.7% |
| 1978 | 4.04 billion current US$ | -22.0% |
| 1979 | 13.82 billion current US$ | +242.3% |
| 1980 | 10.80 billion current US$ | -21.8% |
| 1981 | 3.77 billion current US$ | -65.1% |
| 1982 | 1.23 billion current US$ | -67.3% |
| 1983 | 2.43 billion current US$ | +96.7% |
| 1984 | 3.38 billion current US$ | +39.1% |
| 1985 | 4.12 billion current US$ | +22.0% |
| 1986 | 1.39 billion current US$ | -66.2% |
| 1987 | 2.67 billion current US$ | +91.4% |
| 1988 | 2.29 billion current US$ | -14.3% |
| 1989 | 5.73 billion current US$ | +150.4% |
| 1990 | 7.56 billion current US$ | +32.1% |
| 1991 | 4.38 billion current US$ | -42.0% |
| 1992 | 5.13 billion current US$ | +16.9% |
| 1993 | 4.90 billion current US$ | -4.5% |
| 1994 | 3.81 billion current US$ | -22.1% |
| 1995 | 4.36 billion current US$ | +14.3% |
| 1996 | 5.21 billion current US$ | +19.6% |
| 1997 | 4.84 billion current US$ | -7.2% |
| 1998 | 2.31 billion current US$ | -52.3% |
| 1999 | 3.01 billion current US$ | +30.3% |
| 2000 | 8.34 billion current US$ | +177.2% |
| 2001 | 5.75 billion current US$ | -31.0% |
| 2002 | 4.89 billion current US$ | -15.1% |
| 2003 | 6.44 billion current US$ | +31.8% |
| 2004 | 10.28 billion current US$ | +59.6% |
| 2005 | 16.07 billion current US$ | +56.3% |
| 2006 | 17.75 billion current US$ | +10.5% |
| 2007 | 18.51 billion current US$ | +4.3% |
| 2008 | 25.08 billion current US$ | +35.4% |
| 2009 | 12.26 billion current US$ | -51.1% |
| 2010 | 23.16 billion current US$ | +88.9% |
| 2011 | 33.72 billion current US$ | +45.6% |
| 2012 | 31.29 billion current US$ | -7.2% |
| 2013 | 25.49 billion current US$ | -18.5% |
| 2014 | 20.31 billion current US$ | -20.3% |
| 2015 | 7.14 billion current US$ | -64.8% |
| 2016 | 5.02 billion current US$ | -29.7% |
| 2017 | 9.49 billion current US$ | +89.0% |
| 2018 | 15.30 billion current US$ | +61.2% |
| 2019 | 14.23 billion current US$ | -7.0% |
| 2020 | 6.61 billion current US$ | -53.5% |
| 2021 | 11.59 billion current US$ | +75.3% |
Nigeria compared with similar countries
- Nigeria's 11.59 billion current US$ is above the median for lower middle income countries, which is 2.43 million current US$, 4773.4× the median. (47 countries reporting)
- Nigeria's 11.59 billion current US$ is above the median for Sub-Saharan Africa, which is 216,464 current US$, 53540.4× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Adjusted savings: energy depletion in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +1517.2% | 307.21 million current US$ | 4.97 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.62 billion current US$ | 34.93 million current US$ | 13.82 billion current US$ | 10 |
| 1980s | 3.78 billion current US$ | 1.23 billion current US$ | 10.80 billion current US$ | 10 |
| 1990s | 4.55 billion current US$ | 2.31 billion current US$ | 7.56 billion current US$ | 10 |
| 2000s | 12.54 billion current US$ | 4.89 billion current US$ | 25.08 billion current US$ | 10 |
| 2010s | 18.52 billion current US$ | 5.02 billion current US$ | 33.72 billion current US$ | 10 |
| 2020s | 9.10 billion current US$ | 6.61 billion current US$ | 11.59 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)
- 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: energy depletion in Nigeria?
- Adjusted savings: energy depletion in Nigeria was 11.59 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: energy depletion recorded in Nigeria?
- The highest recorded value was 33.72 billion current US$ in 2011.
- What is the lowest adjusted savings: energy depletion recorded in Nigeria?
- The lowest recorded value was 34.93 million current US$ in 1971.
- How does Nigeria rank for adjusted savings: energy depletion?
- Nigeria ranks 24th out of 208 countries with data for 2021.
- Is adjusted savings: energy depletion rising or falling in Nigeria?
- Over the last ten years it is down 65.6%. 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: energy depletion (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Energy depletion is the ratio of the value of the stock of energy resources to the remaining reserve lifetime (capped at 25 years). It covers coal, crude oil, and natural gas. 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.