Adjusted savings: mineral depletion in Nigeria
Nigeria: Adjusted savings: mineral depletion was 28.94 million current US$ in 2021. ◆ Volatile
Adjusted savings: mineral depletion in Nigeria, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
Nigeria recorded 28.94 million current US$ for adjusted savings: mineral depletion in 2021.
That represents a change of up 59.5% on the previous year and down 42.5% over ten years.
Over the whole period, adjusted savings: mineral depletion in Nigeria peaked at 70.78 million current US$ in 2012 and was at its lowest, 0 current US$, in 1988.
Nigeria ranks 75th of 216 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: mineral depletion in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 1.36 million current US$ | — |
| 1971 | 10,742 current US$ | -99.2% |
| 1972 | 20,338 current US$ | +89.3% |
| 1973 | 61,562 current US$ | +202.7% |
| 1974 | 2.57 million current US$ | +4071.3% |
| 1975 | 2.63 million current US$ | +2.4% |
| 1976 | 3.71 million current US$ | +40.9% |
| 1977 | 16.36 million current US$ | +341.6% |
| 1978 | 18.15 million current US$ | +10.9% |
| 1979 | 25.78 million current US$ | +42.0% |
| 1980 | 8.69 million current US$ | -66.3% |
| 1981 | 4.29 million current US$ | -50.6% |
| 1982 | 3.05 million current US$ | -28.9% |
| 1983 | 2.78 million current US$ | -9.0% |
| 1984 | 1.51 million current US$ | -45.6% |
| 1985 | 1.27 million current US$ | -16.3% |
| 1986 | 1,743 current US$ | -99.9% |
| 1987 | 8,542 current US$ | +390.1% |
| 1988 | 0 current US$ | -100.0% |
| 1989 | 0 current US$ | — |
| 1990 | 0 current US$ | — |
| 1991 | 0 current US$ | — |
| 1992 | 0 current US$ | — |
| 1993 | 0 current US$ | — |
| 1994 | 0 current US$ | — |
| 1995 | 5,269 current US$ | — |
| 1996 | 16,309 current US$ | +209.5% |
| 1997 | 10,271 current US$ | -37.0% |
| 1998 | 14,000 current US$ | +36.3% |
| 1999 | 36,616 current US$ | +161.5% |
| 2000 | 78,318 current US$ | +113.9% |
| 2001 | 66,521 current US$ | -15.1% |
| 2002 | 115,264 current US$ | +73.3% |
| 2003 | 46,141 current US$ | -60.0% |
| 2004 | 26,108 current US$ | -43.4% |
| 2005 | 266,137 current US$ | +919.4% |
| 2006 | 706,737 current US$ | +165.6% |
| 2007 | 4.67 million current US$ | +560.9% |
| 2008 | 3.29 million current US$ | -29.5% |
| 2009 | 11.34 million current US$ | +244.1% |
| 2010 | 39.38 million current US$ | +247.3% |
| 2011 | 50.32 million current US$ | +27.8% |
| 2012 | 70.78 million current US$ | +40.7% |
| 2013 | 66.86 million current US$ | -5.5% |
| 2014 | 4.91 million current US$ | -92.7% |
| 2015 | 1.67 million current US$ | -66.1% |
| 2016 | 4.94 million current US$ | +196.3% |
| 2017 | 14.31 million current US$ | +189.7% |
| 2018 | 3.50 million current US$ | -75.5% |
| 2019 | 18.53 million current US$ | +429.2% |
| 2020 | 18.15 million current US$ | -2.1% |
| 2021 | 28.94 million current US$ | +59.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.06 million current US$ | 10,742 current US$ | 25.78 million current US$ | 10 |
| 1980s | 2.16 million current US$ | 0 current US$ | 8.69 million current US$ | 10 |
| 1990s | 8,246 current US$ | 0 current US$ | 36,616 current US$ | 10 |
| 2000s | 2.06 million current US$ | 26,108 current US$ | 11.34 million current US$ | 10 |
| 2010s | 27.52 million current US$ | 1.67 million current US$ | 70.78 million current US$ | 10 |
| 2020s | 23.54 million current US$ | 18.15 million current US$ | 28.94 million 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)
- GNI (current LCU), annual growth rate 17.36 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1,471 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 1.80 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -60.89 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual -65.3 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 22.87 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0235 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 28.71 current US$ per person (2025)
Frequently asked questions
- What is adjusted savings: mineral depletion in Nigeria?
- Adjusted savings: mineral depletion in Nigeria was 28.94 million current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: mineral depletion recorded in Nigeria?
- The highest recorded value was 70.78 million current US$ in 2012.
- What is the lowest adjusted savings: mineral depletion recorded in Nigeria?
- The lowest recorded value was 0 current US$ in 1988.
- How does Nigeria rank for adjusted savings: mineral depletion?
- Nigeria ranks 75th out of 216 countries with data for 2021.
- Is adjusted savings: mineral depletion rising or falling in Nigeria?
- Over the last ten years it is down 42.5%. 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: mineral depletion (current US$). Statizoid updates them automatically from the source API.
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About this data
Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. 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.