Crude Oil Production in Nigeria increased to 1948 BBL/D/1K in July from 1802 BBL/D/1K in June of 2019. Crude Oil Production in Nigeria averaged 1880.70 BBL/D/1K from 1973 until 2019, 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 1550.00 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 1450.00 in 12 months time. In the long-term, the Nigeria Crude Oil Production is projected to trend around 1400.00 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 450034.62 503798.02 2177553.08 -622103.84 NGN Millions [+]
Current Account -1087.90 1104.57 10383.67 -5695.27 USD Million [+]
Current Account to GDP 3.70 2.00 32.80 -18.70 percent [+]
Imports 1001962.25 929475.94 2209385.78 167.88 NGN Millions [+]
Exports 1451996.87 1433273.96 2648881.76 322.93 NGN Millions [+]
Terms of Trade 95.10 99.60 160.25 49.48 Index Points [+]
Foreign Direct Investment 1150.51 314.44 3084.90 314.44 USD Million [+]
Capital Flows -4882.78 -2327.91 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.50 21.40 21.50 21.37 Tonnes [+]
Crude Oil Production 1948.00 1802.00 2475.00 675.00 BBL/D/1K [+]
External Debt 25609.63 21591.68 29591.68 3627.50 USD Million [+]
Terrorism Index 8.66 9.01 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1948.00 1802.00 2475.00 675.00 1973 - 2019 BBL/D/1K Monthly
NSA




Country Last Previous
United States 12108.00 May/19
Russia 10835.00 Apr/19
Saudi Arabia 9580.00 Jul/19
Canada 4129.00 Apr/19
China 3823.00 Apr/19
Brazil 2604.00 Apr/19
Mexico 1698.00 Apr/19
United Kingdom 1082.00 Apr/19
Indonesia 759.00 Apr/19
India 677.00 Apr/19
Argentina 508.00 Apr/19
Australia 353.00 Apr/19
Italy 81.00 Apr/19
Turkey 56.00 Apr/19
Germany 39.00 Apr/19
Netherlands 15.00 Apr/19
Japan 3.00 Apr/19


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