Oil palm fruit — Gross Production Value in Nigeria
Nigeria: Oil palm fruit — Gross Production Value was 1.06 million 1000 USD in 2024. ▲ Rising
Latest (2024)
1.06 million 1000 USD
Change on year
down 0.6%
World rank
5th
of 28 countries
All-time high
1.06 million 1000 USD
in 2023
All-time low
435,699 1000 USD
in 1983
Years of data
64
1961–2024
Oil palm fruit — Gross Production Value in Nigeria, 1961–2024
Source: Food and Agriculture Organization of the United Nations. Measured in 1000 USD.
Analysis
Nigeria recorded 1.06 million 1000 USD for oil palm fruit — gross production value in 2024.
The figure is down 0.6% on the previous year and up 40.5% over ten years.
Over the whole period, oil palm fruit — gross production value in Nigeria peaked at 1.06 million 1000 USD in 2023 and was at its lowest, 435,699 1000 USD, in 1983.
Nigeria ranks 5th of 28 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 64 years of available data.
Oil palm fruit — Gross Production Value in Nigeria, year by year
| Year | 1000 USD | Change |
|---|---|---|
| 1961 | 619,151 1000 USD | — |
| 1962 | 573,288 1000 USD | -7.4% |
| 1963 | 596,219 1000 USD | +4.0% |
| 1964 | 596,219 1000 USD | +0.0% |
| 1965 | 619,151 1000 USD | +3.8% |
| 1966 | 596,219 1000 USD | -3.7% |
| 1967 | 481,562 1000 USD | -19.2% |
| 1968 | 481,562 1000 USD | +0.0% |
| 1969 | 504,493 1000 USD | +4.8% |
| 1970 | 493,027 1000 USD | -2.3% |
| 1971 | 493,027 1000 USD | +0.0% |
| 1972 | 458,630 1000 USD | -7.0% |
| 1973 | 458,630 1000 USD | +0.0% |
| 1974 | 493,027 1000 USD | +7.5% |
| 1975 | 481,562 1000 USD | -2.3% |
| 1976 | 481,562 1000 USD | +0.0% |
| 1977 | 493,027 1000 USD | +2.4% |
| 1978 | 458,630 1000 USD | -7.0% |
| 1979 | 527,425 1000 USD | +15.0% |
| 1980 | 527,425 1000 USD | +0.0% |
| 1981 | 458,630 1000 USD | -13.0% |
| 1982 | 458,630 1000 USD | +0.0% |
| 1983 | 435,699 1000 USD | -5.0% |
| 1984 | 504,493 1000 USD | +15.8% |
| 1985 | 522,838 1000 USD | +3.6% |
| 1986 | 541,184 1000 USD | +3.5% |
| 1987 | 559,529 1000 USD | +3.4% |
| 1988 | 550,356 1000 USD | -1.6% |
| 1989 | 559,529 1000 USD | +1.7% |
| 1990 | 568,701 1000 USD | +1.6% |
| 1991 | 596,219 1000 USD | +4.8% |
| 1992 | 623,737 1000 USD | +4.6% |
| 1993 | 660,427 1000 USD | +5.9% |
| 1994 | 665,014 1000 USD | +0.7% |
| 1995 | 715,463 1000 USD | +7.6% |
| 1996 | 710,877 1000 USD | -0.6% |
| 1997 | 710,877 1000 USD | +0.0% |
| 1998 | 715,463 1000 USD | +0.6% |
| 1999 | 733,808 1000 USD | +2.6% |
| 2000 | 753,988 1000 USD | +2.8% |
| 2001 | 779,671 1000 USD | +3.4% |
| 2002 | 779,671 1000 USD | +0.0% |
| 2003 | 791,779 1000 USD | +1.6% |
| 2004 | 798,016 1000 USD | +0.8% |
| 2005 | 779,671 1000 USD | -2.3% |
| 2006 | 761,326 1000 USD | -2.4% |
| 2007 | 779,671 1000 USD | +2.4% |
| 2008 | 779,671 1000 USD | +0.0% |
| 2009 | 779,671 1000 USD | +0.0% |
| 2010 | 733,808 1000 USD | -5.9% |
| 2011 | 733,808 1000 USD | +0.0% |
| 2012 | 742,981 1000 USD | +1.3% |
| 2013 | 733,808 1000 USD | -1.2% |
| 2014 | 752,153 1000 USD | +2.5% |
| 2015 | 761,326 1000 USD | +1.2% |
| 2016 | 779,671 1000 USD | +2.4% |
| 2017 | 834,707 1000 USD | +7.1% |
| 2018 | 880,570 1000 USD | +5.5% |
| 2019 | 898,081 1000 USD | +2.0% |
| 2020 | 917,260 1000 USD | +2.1% |
| 2021 | 963,123 1000 USD | +5.0% |
| 2022 | 1.02 million 1000 USD | +5.7% |
| 2023 | 1.06 million 1000 USD | +4.4% |
| 2024 | 1.06 million 1000 USD | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 563,096 1000 USD | 481,562 1000 USD | 619,151 1000 USD | 9 |
| 1970s | 483,855 1000 USD | 458,630 1000 USD | 527,425 1000 USD | 10 |
| 1980s | 511,831 1000 USD | 435,699 1000 USD | 559,529 1000 USD | 10 |
| 1990s | 670,059 1000 USD | 568,701 1000 USD | 733,808 1000 USD | 10 |
| 2000s | 778,314 1000 USD | 753,988 1000 USD | 798,016 1000 USD | 10 |
| 2010s | 785,091 1000 USD | 733,808 1000 USD | 898,081 1000 USD | 10 |
| 2020s | 1.00 million 1000 USD | 917,260 1000 USD | 1.06 million 1000 USD | 5 |
Countries ranked near Nigeria
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 oil palm fruit — gross production value in Nigeria?
- Oil palm fruit — gross production value in Nigeria was 1.06 million 1000 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest oil palm fruit — gross production value recorded in Nigeria?
- The highest recorded value was 1.06 million 1000 USD in 2023.
- What is the lowest oil palm fruit — gross production value recorded in Nigeria?
- The lowest recorded value was 435,699 1000 USD in 1983.
- How does Nigeria rank for oil palm fruit — gross production value?
- Nigeria ranks 5th out of 28 countries with data for 2024.
- Is oil palm fruit — gross production value rising or falling in Nigeria?
- Over the last ten years it is up 40.5%. 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 Oil palm fruit — 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.