Nigeria - Oil Rents
Since 2014, Nigeria Oil Rents fell by 1.8points year on year. In 2019, the country was number 22 among other countries in Oil Rents with 7.33 Percent of GDP. Nigeria is overtaken by South Sudan, which was number 21 at 8.55 Percent of GDP and is followed by Suriname at 6.08 Percent of GDP. Republic of the Congo topped the ranking with 43.88 Percent of GDP in 2019, -12.2points versus 2018. Iraq, Kuwait and Libya respectively ranked number 2, 3 and 4 in this ranking. Greece witnessed the best average annual growth at +20.4points per year, while Mauritania was the worst growing country at -100points per year.
| Date | Percent of GDP |
|---|---|
| 2019 | 7.33 |
| 2018 | 9.03 |
| 2017 | 6.12 |
| 2016 | 2.81 |
| 2015 | 2.99 |
Download all data from 1970 to 2019
How does Nigeria rank in Oil Rents?
| # | 104 Countries | Percent of GDP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Republic of the Congo
|
43.88 % | 2019 | -12.2 % | +4.5 % | View data | |
| 2 |
#2
Iraq
|
41.37 % | 2019 | -8.9 % | -1.9 % | View data | |
| 21 |
#21
South Sudan
|
8.55 % | 2015 | -64.5 % | -28.5 % | View data | |
| 22 |
#22
Nigeria
|
7.33 % | 2019 | -18.8 % | -1.8 % | View data | |
| 23 |
#23
Suriname
|
6.08 % | 2019 | -12.1 % | -1.2 % | View data | |