Adjusted savings: energy depletion in Nigeria
Nigeria: Adjusted savings: energy depletion was 2.7% in 2021. ◆ Volatile
Adjusted savings: energy depletion in Nigeria, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Nigeria recorded 2.7% for adjusted savings: energy depletion in 2021.
That represents a change of up 72.2% on the previous year and down 68.3% over ten years.
Over the whole period, adjusted savings: energy depletion in Nigeria peaked at 29.4% in 1979 and was at its lowest, 0.4%, in 1971.
That places Nigeria 34th out of 202 countries with data for 2021, putting it 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 | % of GNI | Change |
|---|---|---|
| 1970 | 0.4% | — |
| 1971 | 0.4% | -8.3% |
| 1972 | 1.3% | +222.7% |
| 1973 | 2.2% | +64.7% |
| 1974 | 20.7% | +850.2% |
| 1975 | 12.7% | -38.8% |
| 1976 | 11.8% | -7.0% |
| 1977 | 14.5% | +23.1% |
| 1978 | 11.1% | -23.6% |
| 1979 | 29.4% | +165.2% |
| 1980 | 17.7% | -39.9% |
| 1981 | 2.3% | -86.9% |
| 1982 | 0.9% | -62.4% |
| 1983 | 2.5% | +189.1% |
| 1984 | 4.6% | +84.5% |
| 1985 | 5.7% | +22.0% |
| 1986 | 2.6% | -53.9% |
| 1987 | 5.3% | +103.2% |
| 1988 | 4.7% | -12.3% |
| 1989 | 13.7% | +193.5% |
| 1990 | 14.8% | +8.3% |
| 1991 | 9.4% | -36.5% |
| 1992 | 11.4% | +21.7% |
| 1993 | 19.3% | +68.6% |
| 1994 | 12.1% | -37.1% |
| 1995 | 10.4% | -14.0% |
| 1996 | 10.7% | +2.5% |
| 1997 | 9.3% | -13.2% |
| 1998 | 4.5% | -51.9% |
| 1999 | 5.2% | +16.5% |
| 2000 | 13.2% | +153.5% |
| 2001 | 8.4% | -36.5% |
| 2002 | 5.5% | -34.4% |
| 2003 | 6.6% | +20.8% |
| 2004 | 8.2% | +23.1% |
| 2005 | 9.9% | +21.3% |
| 2006 | 7.6% | -23.3% |
| 2007 | 7.0% | -8.4% |
| 2008 | 7.7% | +11.3% |
| 2009 | 4.4% | -43.4% |
| 2010 | 6.7% | +52.5% |
| 2011 | 8.6% | +29.1% |
| 2012 | 7.1% | -17.8% |
| 2013 | 5.2% | -27.2% |
| 2014 | 3.7% | -29.0% |
| 2015 | 1.5% | -59.3% |
| 2016 | 1.3% | -14.8% |
| 2017 | 2.6% | +105.5% |
| 2018 | 3.8% | +45.9% |
| 2019 | 3.3% | -13.6% |
| 2020 | 1.6% | -51.7% |
| 2021 | 2.7% | +72.2% |
Nigeria compared with similar countries
- Nigeria's 2.7% is above the median for lower middle income countries, which is 0.0%, 147.7× the median. (47 countries reporting)
- Nigeria's 2.7% is above the median for Sub-Saharan Africa, which is 0.0%, 2373.8× 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 | +850.2% | 2.2% | 20.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.5% | 0.4% | 29.4% | 10 |
| 1980s | 6.0% | 0.9% | 17.7% | 10 |
| 1990s | 10.7% | 4.5% | 19.3% | 10 |
| 2000s | 7.8% | 4.4% | 13.2% | 10 |
| 2010s | 4.4% | 1.3% | 8.6% | 10 |
| 2020s | 2.2% | 1.6% | 2.7% | 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 2.7% 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 29.4% in 1979.
- What is the lowest adjusted savings: energy depletion recorded in Nigeria?
- The lowest recorded value was 0.4% in 1971.
- How does Nigeria rank for adjusted savings: energy depletion?
- Nigeria ranks 34th out of 202 countries with data for 2021.
- Is adjusted savings: energy depletion rising or falling in Nigeria?
- Over the last ten years it is down 68.3%. 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: energy depletion (% of GNI). Statizoid updates them automatically from the source API.
Download this data
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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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.