
Nigeria: Percent of world oil production
* indicates monthly or quarterly data series
Nigeria |
Oil production percent of world total |
---|---|
Latest value | 1.766 |
Year | 2023 |
Measure | percent |
Data availability | 1973 - 2023 |
Average | 3.324 |
Min - Max | 1.601 - 5.363 |
Source | The Global Economy |
The latest value from 2023 is 1.766 percent, an increase from 1.601 percent in 2022. In comparison, the world average is 0.526 percent, based on data from 190 countries. Historically, the average for Nigeria from 1973 to 2023 is 3.324 percent. The minimum value, 1.601 percent, was reached in 2022 while the maximum of 5.363 percent was recorded in 1974.
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* indicates monthly or quarterly data series
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Definition: Oil production as percent of total world oil production.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Percent of world population | 2.81 | 2023 | percent |
Percent of world GDP | 0.35 | 2023 | percent |
Percent of world FDI | 0.24 | 2023 | percent |
Percent of world oil reserves | 2.17 | 2021 | percent |
Percent of world foreign exchange reserves | 0.254 | 2022 | percent |
Percent of world oil production | 1.766 | 2023 | percent |
Electricity consumption percent of world total | 0.127 | 2023 | percent |