Gold reserves at market value (SDR), per square kilometre in Nigeria
Nigeria: Gold reserves at market value (SDR), per square kilometre was 1,160 SDR per square kilometre in 2023. ◆ Volatile
Gold reserves at market value (SDR), per square kilometre in Nigeria, 1961–2023
Source: Statizoid (derived). Measured in SDR per square kilometre.
Analysis
Nigeria recorded 1,160 SDR per square kilometre for gold reserves at market value (sdr), per square kilometre in 2023. That is the highest value across all 62 years on record.
That represents a change of up 12.9% on the previous year and up 96.7% over ten years.
Over the whole period, gold reserves at market value (sdr), per square kilometre in Nigeria peaked at 1,160 SDR per square kilometre in 2023 and was at its lowest, 21.99 SDR per square kilometre, in 1962.
That places Nigeria 85th out of 159 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gold reserves at market value (SDR), per square kilometre in Nigeria, year by year
| Year | SDR per square kilometre | Change |
|---|---|---|
| 1961 | 22.04 SDR per square kilometre | — |
| 1962 | 21.99 SDR per square kilometre | -0.2% |
| 1963 | 21.99 SDR per square kilometre | +0.0% |
| 1964 | 22.02 SDR per square kilometre | +0.1% |
| 1965 | 22.02 SDR per square kilometre | +0.0% |
| 1966 | 22.06 SDR per square kilometre | +0.2% |
| 1967 | 22.07 SDR per square kilometre | +0.0% |
| 1968 | 26.27 SDR per square kilometre | +19.0% |
| 1969 | 22.07 SDR per square kilometre | -16.0% |
| 1970 | 23.43 SDR per square kilometre | +6.2% |
| 1971 | 23.96 SDR per square kilometre | +2.3% |
| 1972 | 35.64 SDR per square kilometre | +48.8% |
| 1973 | 58.34 SDR per square kilometre | +63.7% |
| 1974 | 95.5 SDR per square kilometre | +63.7% |
| 1975 | 75.11 SDR per square kilometre | -21.3% |
| 1976 | 72.71 SDR per square kilometre | -3.2% |
| 1977 | 93.78 SDR per square kilometre | +29.0% |
| 1978 | 119.81 SDR per square kilometre | +27.7% |
| 1979 | 293.17 SDR per square kilometre | +144.7% |
| 1980 | 348.64 SDR per square kilometre | +18.9% |
| 1981 | 257.6 SDR per square kilometre | -26.1% |
| 1982 | 312.43 SDR per square kilometre | +21.3% |
| 1983 | 274.86 SDR per square kilometre | -12.0% |
| 1984 | 237.25 SDR per square kilometre | -13.7% |
| 1985 | 224.56 SDR per square kilometre | -5.3% |
| 1986 | 241.06 SDR per square kilometre | +7.3% |
| 1987 | 257.4 SDR per square kilometre | +6.8% |
| 1988 | 229.96 SDR per square kilometre | -10.7% |
| 1989 | 230.17 SDR per square kilometre | +0.1% |
| 1990 | 204.13 SDR per square kilometre | -11.3% |
| 1991 | 186.46 SDR per square kilometre | -8.7% |
| 1992 | 182.82 SDR per square kilometre | -2.0% |
| 1993 | 214.53 SDR per square kilometre | +17.3% |
| 1994 | 198.03 SDR per square kilometre | -7.7% |
| 1995 | 196.25 SDR per square kilometre | -0.9% |
| 1996 | 193.7 SDR per square kilometre | -1.3% |
| 1997 | 162.24 SDR per square kilometre | -16.2% |
| 1998 | 154.18 SDR per square kilometre | -5.0% |
| 1999 | 159.52 SDR per square kilometre | +3.5% |
| 2000 | 158.89 SDR per square kilometre | -0.4% |
| 2001 | 165.96 SDR per square kilometre | +4.4% |
| 2002 | 190.17 SDR per square kilometre | +14.6% |
| 2003 | 211.8 SDR per square kilometre | +11.4% |
| 2004 | 212.74 SDR per square kilometre | +0.4% |
| 2005 | 270.74 SDR per square kilometre | +27.3% |
| 2006 | 318.74 SDR per square kilometre | +17.7% |
| 2007 | 397.98 SDR per square kilometre | +24.9% |
| 2008 | 425.94 SDR per square kilometre | +7.0% |
| 2009 | 523.26 SDR per square kilometre | +22.8% |
| 2010 | 688.41 SDR per square kilometre | +31.6% |
| 2011 | 752.21 SDR per square kilometre | +9.3% |
| 2012 | 816.68 SDR per square kilometre | +8.6% |
| 2013 | 589.98 SDR per square kilometre | -27.8% |
| 2014 | 627.89 SDR per square kilometre | +6.4% |
| 2015 | 577 SDR per square kilometre | -8.1% |
| 2016 | 642.97 SDR per square kilometre | +11.4% |
| 2017 | 686.7 SDR per square kilometre | +6.8% |
| 2019 | 830.77 SDR per square kilometre | +21.0% |
| 2020 | 990.42 SDR per square kilometre | +19.2% |
| 2021 | 981.51 SDR per square kilometre | -0.9% |
| 2022 | 1,028 SDR per square kilometre | +4.7% |
| 2023 | 1,160 SDR per square kilometre | +12.9% |
Nigeria compared with similar countries
- Nigeria's 1,160 SDR per square kilometre is above the median for lower middle income countries, which is 1,073 SDR per square kilometre, 1.1× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Gold reserves at market value (SDR), per square kilometre in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +144.7% | 119.81 SDR per square kilometre | 293.17 SDR per square kilometre |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 22.5 SDR per square kilometre | 21.99 SDR per square kilometre | 26.27 SDR per square kilometre | 9 |
| 1970s | 89.14 SDR per square kilometre | 23.43 SDR per square kilometre | 293.17 SDR per square kilometre | 10 |
| 1980s | 261.39 SDR per square kilometre | 224.56 SDR per square kilometre | 348.64 SDR per square kilometre | 10 |
| 1990s | 185.19 SDR per square kilometre | 154.18 SDR per square kilometre | 214.53 SDR per square kilometre | 10 |
| 2000s | 287.62 SDR per square kilometre | 158.89 SDR per square kilometre | 523.26 SDR per square kilometre | 10 |
| 2010s | 690.29 SDR per square kilometre | 577 SDR per square kilometre | 830.77 SDR per square kilometre | 9 |
| 2020s | 1,040 SDR per square kilometre | 981.51 SDR per square kilometre | 1,160 SDR per square kilometre | 4 |
Countries ranked near Nigeria
- 82 Bosnia and Herzegovina 1,441 SDR per square kilometre compare
- 83 Afghanistan 1,415 SDR per square kilometre compare
- 84 Peru 1,339 SDR per square kilometre compare
- 86 Argentina 1,115 SDR per square kilometre compare
- 87 Bolivia, Plurinational State of 1,073 SDR per square kilometre compare
- 88 Paraguay 1,023 SDR per square kilometre compare
More financial sector data for Nigeria
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.01 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.7387 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.01 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is gold reserves at market value (sdr), per square kilometre in Nigeria?
- Gold reserves at market value (sdr), per square kilometre in Nigeria was 1,160 SDR per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gold reserves at market value (sdr), per square kilometre recorded in Nigeria?
- The highest recorded value was 1,160 SDR per square kilometre in 2023.
- What is the lowest gold reserves at market value (sdr), per square kilometre recorded in Nigeria?
- The lowest recorded value was 21.99 SDR per square kilometre in 1962.
- How does Nigeria rank for gold reserves at market value (sdr), per square kilometre?
- Nigeria ranks 85th out of 159 countries with data for 2023.
- Is gold reserves at market value (sdr), per square kilometre rising or falling in Nigeria?
- Over the last ten years it is up 96.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Gold reserves at market value (SDR), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gold reserves at market value (SDR) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gold reserves at market value (SDR) ÷ Land area (sq. km)
Computed from
- Gold reserves at market value International Monetary Fund
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gold reserves at market value (SDR) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.