Budgetary investment in Nigeria
Nigeria: Budgetary investment was 401.00 billion current LCU in 2002. ▲ Rising
Latest (2002)
401.00 billion current LCU
Change on year
down 38.9%
World rank
13th
of 51 countries
All-time high
656.00 billion current LCU
in 2001
All-time low
162.18 billion current LCU
in 1997
Years of data
6
1997–2002
Budgetary investment in Nigeria, 1997–2002
Source: World Bank country economists. Measured in current LCU.
Analysis
The most recent figure for budgetary investment in Nigeria is 401.00 billion current LCU, measured in 2002.
The figure is down 38.9% on the previous year and up 147.3% over ten years.
That places Nigeria 13th out of 51 countries with data for 2002, putting it in the top quarter.
Budgetary investment in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1997 | 162.18 billion current LCU | — |
| 1998 | 411.98 billion current LCU | +154.0% |
| 1999 | 532.15 billion current LCU | +29.2% |
| 2000 | 196.78 billion current LCU | -63.0% |
| 2001 | 656.00 billion current LCU | +233.4% |
| 2002 | 401.00 billion current LCU | -38.9% |
Nigeria compared with similar countries
- Nigeria's 401.00 billion current LCU is above the median for lower middle income countries, which is 59.73 billion current LCU, 6.7× the median. (24 countries reporting)
- Nigeria's 401.00 billion current LCU is above the median for Sub-Saharan Africa, which is 40.07 billion current LCU, 10.0× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 368.77 billion current LCU | 162.18 billion current LCU | 532.15 billion current LCU | 3 |
| 2000s | 417.93 billion current LCU | 196.78 billion current LCU | 656.00 billion current LCU | 3 |
Countries ranked near Nigeria
More science & technology data for Nigeria
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Mobile landline subscriptions, gaps filled 70.76 (2024)
- Mobile cellular subscriptions by country, per capita 0.7076 units per person (2024)
- Mobile cellular subscriptions by country, per unit of GDP 0.0007 units per US$ of GDP (2024)
- Mobile cellular subscriptions by country, gaps filled 164.65 million (2024)
- Mobile cellular subscriptions by country, per square kilometre 246.4 units per square kilometre (2023)
- Mobile landline subscriptions, annual growth rate -28.14 % change on previous year (2024)
- Mobile cellular subscriptions by country, annual growth rate -26.63 % change on previous year (2024)
- Scientific and technical journal articles 9,799 (2023)
- Scientific and technical journal articles, per capita 0 units per person (2023)
Frequently asked questions
- What is budgetary investment in Nigeria?
- Budgetary investment in Nigeria was 401.00 billion current LCU in 2002, according to World Bank country economists.
- What is the highest budgetary investment recorded in Nigeria?
- The highest recorded value was 656.00 billion current LCU in 2001.
- What is the lowest budgetary investment recorded in Nigeria?
- The lowest recorded value was 162.18 billion current LCU in 1997.
- How does Nigeria rank for budgetary investment?
- Nigeria ranks 13th out of 51 countries with data for 2002.
- Is budgetary investment rising or falling in Nigeria?
- Over the last ten years it is up 147.3%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of Budgetary investment (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Budgetary investment. Data are in current local currency.