Cocoa beans — Gross Production Value in Nigeria
Nigeria: Cocoa beans — Gross Production Value was 108,374 1000 USD in 2024. ▲ Rising
Latest (2024)
108,374 1000 USD
Change on year
unchanged
World rank
9th
of 34 countries
All-time high
150,175 1000 USD
in 2006
All-time low
43,350 1000 USD
in 1983
Years of data
64
1961–2024
Cocoa beans — Gross Production Value in Nigeria, 1961–2024
Source: Food and Agriculture Organization of the United Nations. Measured in 1000 USD.
Analysis
The most recent figure for cocoa beans — gross production value in Nigeria is 108,374 1000 USD, measured in 2024.
The figure is up 6.1% over ten years.
Over the whole period, cocoa beans — gross production value in Nigeria peaked at 150,175 1000 USD in 2006 and was at its lowest, 43,350 1000 USD, in 1983.
Nigeria ranks 9th of 34 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 64 years of available data.
Cocoa beans — Gross Production Value in Nigeria, year by year
| Year | 1000 USD | Change |
|---|---|---|
| 1961 | 60,999 1000 USD | — |
| 1962 | 56,354 1000 USD | -7.6% |
| 1963 | 69,050 1000 USD | +22.5% |
| 1964 | 92,366 1000 USD | +33.8% |
| 1965 | 57,160 1000 USD | -38.1% |
| 1966 | 82,736 1000 USD | +44.7% |
| 1967 | 73,694 1000 USD | -10.9% |
| 1968 | 59,389 1000 USD | -19.4% |
| 1969 | 68,369 1000 USD | +15.1% |
| 1970 | 94,378 1000 USD | +38.0% |
| 1971 | 79,454 1000 USD | -15.8% |
| 1972 | 74,654 1000 USD | -6.0% |
| 1973 | 66,573 1000 USD | -10.8% |
| 1974 | 66,263 1000 USD | -0.5% |
| 1975 | 66,882 1000 USD | +0.9% |
| 1976 | 56,045 1000 USD | -16.2% |
| 1977 | 59,761 1000 USD | +6.6% |
| 1978 | 48,613 1000 USD | -18.7% |
| 1979 | 46,756 1000 USD | -3.8% |
| 1980 | 47,375 1000 USD | +1.3% |
| 1981 | 53,877 1000 USD | +13.7% |
| 1982 | 48,304 1000 USD | -10.3% |
| 1983 | 43,350 1000 USD | -10.3% |
| 1984 | 49,790 1000 USD | +14.9% |
| 1985 | 49,542 1000 USD | -0.5% |
| 1986 | 45,827 1000 USD | -7.5% |
| 1987 | 46,446 1000 USD | +1.4% |
| 1988 | 78,339 1000 USD | +68.7% |
| 1989 | 79,268 1000 USD | +1.2% |
| 1990 | 75,552 1000 USD | -4.7% |
| 1991 | 82,984 1000 USD | +9.8% |
| 1992 | 90,415 1000 USD | +9.0% |
| 1993 | 94,750 1000 USD | +4.8% |
| 1994 | 100,014 1000 USD | +5.6% |
| 1995 | 62,857 1000 USD | -37.2% |
| 1996 | 100,014 1000 USD | +59.1% |
| 1997 | 98,466 1000 USD | -1.5% |
| 1998 | 114,567 1000 USD | +16.4% |
| 1999 | 69,669 1000 USD | -39.2% |
| 2000 | 104,658 1000 USD | +50.2% |
| 2001 | 105,278 1000 USD | +0.6% |
| 2002 | 112,090 1000 USD | +6.5% |
| 2003 | 119,211 1000 USD | +6.4% |
| 2004 | 127,572 1000 USD | +7.0% |
| 2005 | 136,551 1000 USD | +7.0% |
| 2006 | 150,175 1000 USD | +10.0% |
| 2007 | 111,647 1000 USD | -25.7% |
| 2008 | 113,644 1000 USD | +1.8% |
| 2009 | 112,557 1000 USD | -1.0% |
| 2010 | 123,608 1000 USD | +9.8% |
| 2011 | 121,069 1000 USD | -2.1% |
| 2012 | 118,592 1000 USD | -2.0% |
| 2013 | 113,638 1000 USD | -4.2% |
| 2014 | 102,141 1000 USD | -10.1% |
| 2015 | 93,532 1000 USD | -8.4% |
| 2016 | 92,282 1000 USD | -1.3% |
| 2017 | 77,410 1000 USD | -16.1% |
| 2018 | 83,603 1000 USD | +8.0% |
| 2019 | 77,410 1000 USD | -7.4% |
| 2020 | 110,730 1000 USD | +43.0% |
| 2021 | 86,699 1000 USD | -21.7% |
| 2022 | 92,892 1000 USD | +7.1% |
| 2023 | 108,374 1000 USD | +16.7% |
| 2024 | 108,374 1000 USD | +0.0% |
Nigeria compared with similar countries
- Nigeria's 108,374 1000 USD is above the median for lower middle income countries, which is 21,527 1000 USD, 5.0× the median. (10 countries reporting)
- Nigeria's 108,374 1000 USD is above the median for Sub-Saharan Africa, which is 36,608 1000 USD, 3.0× the median. (8 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 68,902 1000 USD | 56,354 1000 USD | 92,366 1000 USD | 9 |
| 1970s | 65,938 1000 USD | 46,756 1000 USD | 94,378 1000 USD | 10 |
| 1980s | 54,212 1000 USD | 43,350 1000 USD | 79,268 1000 USD | 10 |
| 1990s | 88,929 1000 USD | 62,857 1000 USD | 114,567 1000 USD | 10 |
| 2000s | 119,338 1000 USD | 104,658 1000 USD | 150,175 1000 USD | 10 |
| 2010s | 100,328 1000 USD | 77,410 1000 USD | 123,608 1000 USD | 10 |
| 2020s | 101,414 1000 USD | 86,699 1000 USD | 110,730 1000 USD | 5 |
Countries ranked near Nigeria
- 6 Bolivia (Plurinational State of) 10,714 1000 USD compare
- 6 Peru 362,999 1000 USD compare
- 7 Colombia 173,507 1000 USD compare
- 7 Melanesia 4,819 1000 USD compare
- 8 Dominican Republic 151,419 1000 USD compare
- 10 Mexico 67,321 1000 USD compare
- 10 Caribbean 153,800 1000 USD compare
- 11 Togo 52,049 1000 USD compare
- 12 India 28,104 1000 USD compare
More agriculture & rural data for Nigeria
- Agriculture, forestry, and fishing, value added (current US$), annual 2.38 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.2298 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 281.32 current US$ per person (2025)
- Rural population, annual growth rate -0.1218 % change on previous year (2025)
- Rural population, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Rural population, per capita 0.3622 units per person (2025)
- Share of GDP from agriculture 23.0% (2025)
- Agriculture as a share of GDP vs. GDP per capita 23.0% (2025)
- Agricultural raw materials exports 0.4% (2024)
- Agricultural raw materials imports 0.6% (2024)
Frequently asked questions
- What is cocoa beans — gross production value in Nigeria?
- Cocoa beans — gross production value in Nigeria was 108,374 1000 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest cocoa beans — gross production value recorded in Nigeria?
- The highest recorded value was 150,175 1000 USD in 2006.
- What is the lowest cocoa beans — gross production value recorded in Nigeria?
- The lowest recorded value was 43,350 1000 USD in 1983.
- How does Nigeria rank for cocoa beans — gross production value?
- Nigeria ranks 9th out of 34 countries with data for 2024.
- Is cocoa beans — gross production value rising or falling in Nigeria?
- Over the last ten years it is up 6.1%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Cocoa beans — Gross Production Value (constant 2014-2016 thousand US$). Statizoid updates them automatically from the source API.
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About this data
The domain provides detailed data on the value of agricultural production that is calculated by the agricultural production data and the price data at farm gate. Thus, the value of production measures the agricultural production in monetary terms at the farm gate level.