Crude Oil Production in Nigeria increased to 1797 BBL/D/1K in December from 1579 BBL/D/1K in November of 2018. Crude Oil Production in Nigeria averaged 1882.49 BBL/D/1K from 1973 until 2018, reaching an all time high of 2475 BBL/D/1K in November of 2005 and a record low of 675 BBL/D/1K in February of 1983.

Crude Oil Production in Nigeria is expected to be 1800.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Nigeria to stand at 1800.00 in 12 months time. In the long-term, the Nigeria Crude Oil Production is projected to trend around 1900.00 BBL/D/1K in 2020, according to our econometric models.

Nigeria Crude Oil Production
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Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 805238.49 -613101.70 2177553.08 -613101.70 NGN Millions [+]
Current Account 5735.86 3523.00 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.00 -1.80 32.80 -18.70 percent [+]
Imports 949338.42 2200339.49 2200339.49 167.88 NGN Millions [+]
Exports 1754576.91 1587237.78 2648881.76 322.93 NGN Millions [+]
Terms of Trade 109.20 111.10 160.25 49.48 Index Points [+]
Foreign Direct Investment 435.64 808.56 3084.90 435.64 USD Million [+]
Capital Flows 1792.62 909.16 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.40 21.40 21.40 21.37 Tonnes [+]
Crude Oil Production 1797.00 1579.00 2475.00 675.00 BBL/D/1K [+]
External Debt 22083.44 22071.91 22083.44 3627.50 USD Million [+]
Terrorism Index 9.01 9.31 9.31 3.86 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Nigeria Crude Oil Production

This page provides the latest reported value for - Nigeria Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria Crude Oil Production - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1797.00 1579.00 2475.00 675.00 1973 - 2018 BBL/D/1K Monthly
NSA




Country Last Previous
United States 11537.00 Oct/18
Russia 10964.00 Sep/18
Saudi Arabia 10643.00 Dec/18
Canada 4176.00 Sep/18
China 3690.00 Sep/18
Brazil 2522.00 Aug/18
Mexico 1849.00 Sep/18
United Kingdom 842.00 Aug/18
Indonesia 787.00 Aug/18
India 701.00 Aug/18
Argentina 492.00 Aug/18
Australia 281.00 Aug/18
Italy 83.00 Aug/18
Turkey 57.00 Aug/18
Germany 41.00 Aug/18
France 16.00 Aug/18
Netherlands 16.00 Aug/18
Japan 3.00 Aug/18
South Africa 2.00 Aug/18
Spain 2.00 Aug/18


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