Mining and quarrying, value added in Nigeria
Nigeria: Mining and quarrying, value added was 59.88 billion current US$ 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 US$.
Analysis
In 2007, mining and quarrying, value added in Nigeria stood at 59.88 billion current US$. That is the highest value across all 6 years on record.
The figure is up 10.3% on the previous year and up 301.4% over ten years.
That places Nigeria 1st out of 50 countries with data for 2007, putting it in the top 10%.
Mining and quarrying, value added in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 2002 | 14.92 billion current US$ | — |
| 2003 | 21.22 billion current US$ | +42.2% |
| 2004 | 31.96 billion current US$ | +50.7% |
| 2005 | 43.15 billion current US$ | +35.0% |
| 2006 | 54.28 billion current US$ | +25.8% |
| 2007 | 59.88 billion current US$ | +10.3% |
Nigeria compared with similar countries
- Nigeria's 59.88 billion current US$ is above the median for lower middle income countries, which is 785.24 million current US$, 76.3× the median. (24 countries reporting)
- Nigeria's 59.88 billion current US$ is above the median for Sub-Saharan Africa, which is 348.41 million current US$, 171.9× the median. (44 countries reporting)
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is mining and quarrying, value added in Nigeria?
- Mining and quarrying, value added in Nigeria was 59.88 billion current US$ 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 59.88 billion current US$ in 2007.
- What is the lowest mining and quarrying, value added recorded in Nigeria?
- The lowest recorded value was 14.92 billion current US$ in 2002.
- How does Nigeria rank for mining and quarrying, value added?
- Nigeria ranks 1st 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 301.4%. 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 US$). Statizoid updates them automatically from the source API.
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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 U.S. dollars.