Mining and quarrying, value added (current LCU) in Nigeria
Nigeria: Mining and quarrying, value added (current LCU) was 7.53 trillion current LCU in 2007. ▲ Rising
Mining and quarrying, value added in Nigeria, 2002–2007
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
The most recent figure for mining and quarrying, value added in Nigeria is 7.53 trillion current LCU, measured in 2007. That is the highest value across all 6 years on record.
Compared with earlier readings it is up 7.9% on the previous year and up 318.8% over ten years.
That places Nigeria 2nd out of 50 countries with data for 2007, putting it in the top 10%.
Mining and quarrying, value added (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 2002 | 1.80 trillion current LCU | — |
| 2003 | 2.74 trillion current LCU | +52.4% |
| 2004 | 4.25 trillion current LCU | +54.9% |
| 2005 | 5.66 trillion current LCU | +33.4% |
| 2006 | 6.98 trillion current LCU | +23.3% |
| 2007 | 7.53 trillion current LCU | +7.9% |
Nigeria compared with similar countries
- Nigeria's 7.53 trillion current LCU is above the median for lower middle income countries, which is 40.46 billion current LCU, 186.2× the median. (24 countries reporting)
- Nigeria's 7.53 trillion current LCU is above the median for Sub-Saharan Africa, which is 42.40 billion current LCU, 177.7× the median. (44 countries reporting)
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Real gdp growth, annual growth rate 22.77 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (2025)
Frequently asked questions
- What is mining and quarrying, value added in Nigeria?
- Mining and quarrying, value added in Nigeria was 7.53 trillion current LCU in 2007, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest mining and quarrying, value added recorded in Nigeria?
- The highest recorded value was 7.53 trillion current LCU in 2007.
- What is the lowest mining and quarrying, value added recorded in Nigeria?
- The lowest recorded value was 1.80 trillion current LCU in 2002.
- How does Nigeria rank for mining and quarrying, value added?
- Nigeria ranks 2nd out of 50 countries with data for 2007.
- Is mining and quarrying, value added rising or falling in Nigeria?
- Over the last ten years it is up 318.8%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Mining and quarrying, value added (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Value added in mining and quarrying is defined as the value of output of the mining and quarrying industries less the value of intermediate consumption (intermediate inputs). Mining and quarrying is a subset of industry (ISIC 10-14). Data are in current local currency.