Nigeria Crude Oil: Production
2002 - 2021 | Monthly | Barrel/Day th | Organization of the Petroleum Exporting Countries
Nigeria Crude Oil: Production was reported at 1,481.000 Barrel/Day th in Mar 2021. This records an increase from the previous number of 1,474.000 Barrel/Day th for Feb 2021. Nigeria Crude Oil: Production data is updated monthly, averaging 1,945.000 Barrel/Day th from Jan 2002 to Mar 2021, with 231 observations. The data reached an all-time high of 2,496.000 Barrel/Day th in Nov 2005 and a record low of 1,328.000 Barrel/Day th in Jan 2021. Nigeria Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries. The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: OPEC Members: Monthly. [COVID-19-IMPACT]
View Nigeria's Crude Oil: Production from Jan 2002 to Mar 2021 in the chart:
What was Nigeria's Crude Oil: Production in Mar 2021?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 1,481.000 Mar 2021 | 1,474.000 Feb 2021 | 1,328.000 Jan 2021 | 2,496.000 Nov 2005 | Barrel/Day th | monthly | Jan 2002 - Mar 2021 |
Crude Oil: Production by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (Barrel/Day th) | 7.000 2006 | yearly | 1995 - 2006 |
| Algeria (Barrel/Day th) | 873.000 Mar 2021 | monthly | Jan 2002 - Mar 2021 |
| Angola (Barrel/Day th) | 1,163.000 Mar 2021 | monthly | Oct 2006 - Mar 2021 |
| Argentina (Barrel/Day th) | 508.630 2019 | yearly | 1960 - 2019 |
| Australia (Barrel/Day th) | 360.679 2019 | yearly | 1964 - 2019 |
| Azerbaijan (Barrel/Day th) | 678.496 2019 | yearly | 1960 - 2019 |
| Bahrain (Barrel/Day th) | 194.373 2019 | yearly | 1960 - 2019 |
| Brazil (Barrel/Day th) | 2,787.668 2019 | yearly | 1960 - 2019 |
| Brunei (Barrel/Day th) | 109.641 2019 | yearly | 1960 - 2019 |
| Cameroon (Barrel/Day th) | 87.500 2006 | yearly | 1995 - 2006 |
| Canada (Barrel/Day th) | 1,301.904 2019 | yearly | 1960 - 2019 |
| Chile (Barrel/Day th) | 2.833 2019 | yearly | 1960 - 2019 |
| China (Barrel/Day th) | 3,825.016 2019 | yearly | 1960 - 2019 |
| Colombia (Barrel/Day th) | 885.863 2019 | yearly | 1960 - 2019 |
| Congo (Barrel/Day th) | 329.197 2019 | yearly | 1960 - 2019 |
| Denmark (Barrel/Day th) | 101.668 2019 | yearly | 1973 - 2019 |
| Ecuador (Barrel/Day th) | 535.000 Nov 2019 | monthly | Sep 2007 - Nov 2019 |
| Egypt (%) | -8.946 Feb 2021 | monthly | Jan 2021 - Feb 2021 |
| Equatorial Guinea (Barrel/Day th) | 109.583 2019 | yearly | 1994 - 2019 |
| France (Barrel/Day th) | 14.490 2019 | yearly | 1960 - 2019 |
| Gabon (Barrel/Day th) | 182.000 Mar 2021 | monthly | Apr 2016 - Mar 2021 |
| Germany (Barrel/Day th) | 37.836 2019 | yearly | 1960 - 2019 |
| Hungary (Barrel/Day th) | 17.800 2006 | yearly | 1995 - 2006 |
| India (Barrel/Day th) | 654.584 2019 | yearly | 1960 - 2019 |
| Indonesia (Barrel/Day th) | 739.000 Nov 2016 | monthly | Jan 2002 - Nov 2016 |
| Iran (Barrel/Day th) | 2,304.000 Mar 2021 | monthly | Jan 2002 - Mar 2021 |
| Iraq (Barrel/Day th) | 3,914.000 Mar 2021 | monthly | Jan 2002 - Mar 2021 |
| Italy (Barrel/Day th) | 77.699 2019 | yearly | 1960 - 2019 |
| Ivory Coast (%) | -4.631 Feb 2021 | monthly | Jan 2015 - Feb 2021 |
| Jordan (%) | -11.020 Feb 2021 | monthly | Jan 2003 - Feb 2021 |
| Kazakhstan (Barrel/Day th) | 1,549.808 2019 | yearly | 1960 - 2019 |
| Kuwait (Barrel/Day th) | 2,327.000 Mar 2021 | monthly | Jan 2002 - Mar 2021 |
| Libya (Barrel/Day th) | 1,196.000 Mar 2021 | monthly | Jan 2002 - Mar 2021 |
| Malawi (%) | -2.504 Dec 2019 | monthly | Jan 2014 - Dec 2019 |
| Malaysia (Barrel/Day th) | 608.734 2019 | yearly | 1980 - 2019 |
| Mexico (Barrel/Day th) | 1,678.055 2019 | yearly | 1960 - 2019 |
| Mozambique (%) | -31.559 Dec 2020 | monthly | Jun 2012 - Dec 2020 |
| Netherlands (Barrel/Day th) | 14.595 2019 | yearly | 1960 - 2019 |
| New Zealand (Barrel/Day th) | 23.682 2019 | yearly | 1970 - 2019 |
| Nigeria (Barrel/Day th) | 1,481.000 Mar 2021 | monthly | Jan 2002 - Mar 2021 |
| Norway (Barrel/Day th) | 1,408.466 2019 | yearly | 1971 - 2019 |
| Oman (Barrel/Day th) | 840.603 2019 | yearly | 1967 - 2019 |
| Palestinian Territory (%) | -2.658 Feb 2021 | monthly | Jan 2012 - Feb 2021 |
| Peru (Barrel/Day th) | 53.008 2019 | yearly | 1960 - 2019 |
| Qatar (Barrel/Day th) | 595.000 Sep 2018 | monthly | Jan 2002 - Sep 2018 |
| Romania (Barrel/Day th) | 69.907 2019 | yearly | 1960 - 2019 |
| Russia (Barrel/Day th) | 10,625.025 2019 | yearly | 1960 - 2019 |
| Saudi Arabia (Barrel/Day th) | 8,090.000 Mar 2021 | monthly | Jan 2002 - Mar 2021 |
| South Africa (%) | -2.148 Feb 2021 | monthly | Jan 1999 - Feb 2021 |
| Sudan (Barrel/Day th) | 242.921 2019 | yearly | 1996 - 2019 |
| Syria (Barrel/Day th) | 15.581 2019 | yearly | 1960 - 2019 |
| Trinidad and Tobago (Barrel/Day th) | 58.904 2019 | yearly | 1960 - 2019 |
| Tunisia (%) | -5.255 Jan 2021 | monthly | Jan 2001 - Jan 2021 |
| Turkey (Barrel/Day th) | 57.518 2019 | yearly | 1960 - 2019 |
| Turkmenistan (Barrel/Day th) | 162.575 2019 | yearly | 1960 - 2019 |
| Ukraine (Barrel/Day th) | 34.260 2019 | yearly | 1960 - 2019 |
| United Arab Emirates (Barrel/Day th) | 2,610.000 Mar 2021 | monthly | Jan 2002 - Mar 2021 |
| United Kingdom (Barrel/Day th) | 1,007.195 2019 | yearly | 1960 - 2019 |
| United States (Barrel/Day th) | 12,232.351 2019 | yearly | 1960 - 2019 |
| Venezuela (Barrel/Day th) | 525.000 Mar 2021 | monthly | Jan 2002 - Mar 2021 |
| Yemen (Barrel/Day th) | 37.000 2019 | yearly | 1988 - 2019 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.8 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Consolidated Fiscal Balance (USD mn) | -3,910.052 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| National Government Debt (USD mn) | 75,571.8 Dec 2020 | quarterly | Dec 2006 - Dec 2020 |
| Government Debt: % of GDP (%) | 18.8 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Forecast: Government Expenditure (NGN bn) | 44,913.220 2026 | yearly | 1990 - 2026 |
| Forecast: Government Net Debt (NGN bn) | 135,441.460 2026 | yearly | 1990 - 2026 |
| Forecast: Government Revenue (NGN bn) | 24,435.680 2026 | yearly | 1990 - 2026 |
| Gross Federation Account Revenue (NGN bn) | 2,208.100 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Federal Govt Balance (NGN bn) | -1,483.930 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Gross Federation Account Revenue: Oil (NGN bn) | 985.570 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Federal Govt Revenue (NGN bn) | 903.520 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Federal Govt Expenditure (NGN bn) | 2,387.460 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 1,720.090 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Federal Govt Expenditure: Capital (NGN bn) | 622.130 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Government Debt: Domestic (NGN bn) | 16,023.885 Dec 2020 | quarterly | Dec 2005 - Dec 2020 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.040 2026 | yearly | 1991 - 2026 |
| Trade Balance (USD mn) | -1,551.2 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Total Exports (USD mn) | 3,085.8 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Total Exports Growth (%) | -33.4 Dec 2020 | monthly | Jan 2004 - Dec 2020 |
| Aluminum: Exports (USD th) | 107,795.596 2019 | yearly | 1995 - 2019 |
| Exports: Medicament (USD th) | 1,226.579 2019 | yearly | 1995 - 2019 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 302.933 2019 | yearly | 1995 - 2019 |
| Total Imports (USD mn) | 4,636.9 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Total Imports Growth (%) | 26.0 Dec 2020 | monthly | Jan 2004 - Dec 2020 |
| Imports: Medicament (USD th) | 1,128,625.385 2019 | yearly | 1995 - 2019 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 348,770.759 2019 | yearly | 1995 - 2019 |
| Total Exports to USA (USD mn) | 36.075 Sep 2020 | monthly | Jan 2003 - Sep 2020 |
| Total Imports from USA (USD mn) | 422.719 Dec 2020 | monthly | Dec 2009 - Dec 2020 |
| Total Exports to China (USD mn) | 106.235 Dec 2020 | monthly | Jan 2007 - Dec 2020 |
| Total Imports from China (USD mn) | 1,440.816 Dec 2020 | monthly | Jan 2007 - Dec 2020 |
| Total Trade (NGN mn) | 2,930,763.744 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Exports: Crude Oil (NGN mn) | 879,822.078 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Imports (NGN mn) | 1,759,720.294 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Exports (NGN mn) | 1,171,043.450 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Exports: Europe: ow UK (NGN mn) | 44.832 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Exports: Europe: ow Netherlands (NGN mn) | 11,110.958 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Exports: America: ow USA (NGN mn) | 84,627.594 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Imports: Europe: ow Germany (NGN mn) | 44,776.243 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Imports: Europe: ow UK (NGN mn) | 41,677.587 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Imports: Europe: ow Netherlands (NGN mn) | 56,858.199 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Imports: Asia: ow China (NGN mn) | 546,789.821 Dec 2020 | monthly | Jan 2007 - Dec 2020 |
| Imports: America: ow USA (NGN mn) | 160,421.988 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 10,603.818 2020 | yearly | 2003 - 2020 |
| Exports: Vegetable Products (NGN mn) | 189,913.743 2020 | yearly | 2003 - 2020 |
| Exports: Mineral Products (NGN mn) | 11,120,986.129 2020 | yearly | 2003 - 2020 |
| Imports: Food and Live Animals (NGN mn) | 278,437.323 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 78,274.349 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Imports: Chemicals and Chemical Products (NGN mn) | 355,168.324 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Imports: Manufactured Goods (NGN mn) | 188,807.783 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Imports: Machinery and Transport Equipment (NGN mn) | 700,261.610 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 310.0 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Current Account Balance (USD mn) | -3,337.9 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Current Account Balance: % of GDP (%) | -3.2 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Foreign Direct Investment (USD mn) | 775.2 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Foreign Direct Investment: % of GDP (%) | 0.7 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 125.5 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Foreign Portfolio Investment: % of GDP (%) | 1.7 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| Foreign Portfolio Investment (USD mn) | 1,742.401 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 1,616.928 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| External Debt (USD mn) | 8,991.3 Mar 2013 | quarterly | Jun 2011 - Mar 2013 |
| External Debt: % of GDP (%) | 7.8 2020 | yearly | 1985 - 2020 |
| External Debt: Short Term (USD mn) | 310.7 2018 | yearly | 2008 - 2018 |
| External Debt: Short Term: % of GDP (%) | 0.1 2018 | yearly | 2008 - 2018 |
| Forecast: Current Account Balance (USD bn) | -8.103 2026 | yearly | 1980 - 2026 |
| Net International Investment Position (USD mn) | -85,210.476 2020 | yearly | 2005 - 2020 |
| BoP: CA: Services: Debit (USD mn) | -2,784.400 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CF: Financial Account (USD mn) | 2,663.650 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CA: Current Transfers (USD mn) | 4,354.980 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CA: Current Transfers: Debit (USD mn) | -176.520 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CA: Current Transfers: Credit (USD mn) | 4,531.500 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CF: Capital Account (USD mn) | 0.000 Jun 2020 | quarterly | Mar 2008 - Jun 2020 |
| BoP: CF: Financial Account: Assets (USD mn) | 2,331.970 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) | -73.290 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CF: Financial Account: Assets: Direct Investment (USD mn) | -310.030 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: Net Errors & Omission (USD mn) | 674.260 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CA: Goods: Debit (USD mn) | -12,921.520 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CF: Financial Account: Liabilities (USD mn) | 331.680 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) | -143.480 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CA: Goods: Credit (USD mn) | 8,009.130 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CA: Services (USD mn) | -1,815.000 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) | 1,742.400 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CF: Financial Account: Assets: Other Investment (USD mn) | 2,858.760 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CA: Services: Credit (USD mn) | 969.400 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CA: Goods (USD mn) | -4,912.390 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) | -2,185.920 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CA: Income (USD mn) | -965.510 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CA: Income: Credit (USD mn) | 266.560 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| BoP: CA: Income: Debit (USD mn) | -1,232.068 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| External Debt: Government (USD mn) | 33,348.080 Dec 2020 | quarterly | Dec 2006 - Dec 2020 |
| External Debt: Government: International Capital Market (USD mn) | 10,868.350 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
| Capital Inflow: Foreign Direct Investment (USD) | 121,386,927.600 Jun 2020 | monthly | Jan 2007 - Jun 2020 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 11.4 2018 | yearly | 2003 - 2018 |
| Money Supply M1 (USD mn) | 42,652.479 Mar 2021 | monthly | Nov 1992 - Mar 2021 |
| Money Supply M2 (USD mn) | 100,202.822 Mar 2021 | monthly | Nov 1992 - Mar 2021 |
| M2 Growth (%) | 22.6 Mar 2021 | monthly | Nov 1993 - Mar 2021 |
| Reserve Requirement Ratio (%) | 27.5 Apr 2021 | monthly | Nov 2005 - Apr 2021 |
| Foreign Exchange Reserves (USD mn) | 34,820.5 Mar 2021 | monthly | Jan 1960 - Mar 2021 |
| Foreign Exchange Reserves: % of GDP (%) | 8.264 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Foreign Exchange Reserves: Months of Import (NA) | 7.6 Dec 2020 | monthly | Jan 2003 - Dec 2020 |
| Gold Reserves (USD mn) | 0.062 Jan 2018 | monthly | Dec 1950 - Jan 2018 |
| Total Deposits (USD mn) | 84,213.801 Dec 2019 | monthly | Nov 1992 - Dec 2019 |
| Total Deposits Growth (%) | 2.6 Dec 2019 | monthly | Nov 1993 - Dec 2019 |
| Domestic Credit (USD mn) | 114,052.4 Mar 2021 | monthly | Nov 1992 - Mar 2021 |
| Domestic Credit Growth (%) | 12.6 Mar 2021 | monthly | Nov 1993 - Mar 2021 |
| Private Debt: % of Nominal GDP (%) | 11.41 Sep 2020 | quarterly | Dec 2010 - Sep 2020 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 38,026,970.910 Mar 2021 | monthly | Nov 1992 - Mar 2021 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 16,186,615.620 Mar 2021 | monthly | Nov 1992 - Mar 2021 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 21,840,355.300 Mar 2021 | monthly | Nov 1992 - Mar 2021 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 13,338,059.070 Mar 2021 | monthly | Jan 1993 - Mar 2021 |
| Non Performing Loans to Gross Loans (%) | 9.335 Jun 2019 | semiannually | Dec 2003 - Jun 2019 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence: Net Balance (% Point) | 2.5 Dec 2020 | monthly | Feb 2018 - Dec 2020 |
| Business Confidence Growth (% Point) | -22.4 Dec 2020 | monthly | Jul 2015 - Dec 2020 |
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