Soya beans — Gross Production Value in Nigeria
Nigeria: Soya beans — Gross Production Value was 597,875 1000 USD in 2024. ◆ Volatile
Latest (2024)
597,875 1000 USD
Change on year
down 23.3%
World rank
12th
of 74 countries
All-time high
779,837 1000 USD
in 2023
All-time low
21,835 1000 USD
in 1983
Years of data
64
1961–2024
Soya beans — Gross Production Value in Nigeria, 1961–2024
Source: Food and Agriculture Organization of the United Nations. Measured in 1000 USD.
Analysis
Nigeria recorded 597,875 1000 USD for soya beans — gross production value in 2024.
The figure is down 23.3% on the previous year and up 84.3% over ten years.
Over the whole period, soya beans — gross production value in Nigeria peaked at 779,837 1000 USD in 2023 and was at its lowest, 21,835 1000 USD, in 1983.
That places Nigeria 12th out of 74 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Soya beans — Gross Production Value in Nigeria, year by year
| Year | 1000 USD | Change |
|---|---|---|
| 1961 | 29,634 1000 USD | — |
| 1962 | 35,872 1000 USD | +21.1% |
| 1963 | 36,392 1000 USD | +1.4% |
| 1964 | 30,674 1000 USD | -15.7% |
| 1965 | 29,114 1000 USD | -5.1% |
| 1966 | 31,193 1000 USD | +7.1% |
| 1967 | 31,193 1000 USD | +0.0% |
| 1968 | 33,793 1000 USD | +8.3% |
| 1969 | 32,233 1000 USD | -4.6% |
| 1970 | 30,154 1000 USD | -6.4% |
| 1971 | 32,753 1000 USD | +8.6% |
| 1972 | 32,753 1000 USD | +0.0% |
| 1973 | 33,273 1000 USD | +1.6% |
| 1974 | 33,793 1000 USD | +1.6% |
| 1975 | 33,793 1000 USD | +0.0% |
| 1976 | 36,392 1000 USD | +7.7% |
| 1977 | 36,392 1000 USD | +0.0% |
| 1978 | 37,432 1000 USD | +2.9% |
| 1979 | 37,952 1000 USD | +1.4% |
| 1980 | 38,992 1000 USD | +2.7% |
| 1981 | 40,552 1000 USD | +4.0% |
| 1982 | 42,631 1000 USD | +5.1% |
| 1983 | 21,835 1000 USD | -48.8% |
| 1984 | 22,355 1000 USD | +2.4% |
| 1985 | 31,193 1000 USD | +39.5% |
| 1986 | 35,353 1000 USD | +13.3% |
| 1987 | 55,628 1000 USD | +57.4% |
| 1988 | 77,984 1000 USD | +40.2% |
| 1989 | 155,967 1000 USD | +100.0% |
| 1990 | 113,336 1000 USD | -27.3% |
| 1991 | 75,384 1000 USD | -33.5% |
| 1992 | 80,063 1000 USD | +6.2% |
| 1993 | 84,742 1000 USD | +5.8% |
| 1994 | 92,541 1000 USD | +9.2% |
| 1995 | 149,209 1000 USD | +61.2% |
| 1996 | 167,405 1000 USD | +12.2% |
| 1997 | 187,681 1000 USD | +12.1% |
| 1998 | 210,556 1000 USD | +12.2% |
| 1999 | 213,155 1000 USD | +1.2% |
| 2000 | 223,033 1000 USD | +4.6% |
| 2001 | 226,672 1000 USD | +1.6% |
| 2002 | 241,229 1000 USD | +6.4% |
| 2003 | 256,826 1000 USD | +6.5% |
| 2004 | 274,502 1000 USD | +6.9% |
| 2005 | 293,738 1000 USD | +7.0% |
| 2006 | 314,534 1000 USD | +7.1% |
| 2007 | 301,537 1000 USD | -4.1% |
| 2008 | 307,256 1000 USD | +1.9% |
| 2009 | 221,780 1000 USD | -27.8% |
| 2010 | 189,802 1000 USD | -14.4% |
| 2011 | 256,229 1000 USD | +35.0% |
| 2012 | 337,929 1000 USD | +31.9% |
| 2013 | 269,283 1000 USD | -20.3% |
| 2014 | 324,316 1000 USD | +20.4% |
| 2015 | 305,968 1000 USD | -5.7% |
| 2016 | 487,079 1000 USD | +59.2% |
| 2017 | 516,748 1000 USD | +6.1% |
| 2018 | 547,736 1000 USD | +6.0% |
| 2019 | 545,111 1000 USD | -0.5% |
| 2020 | 656,248 1000 USD | +20.4% |
| 2021 | 606,219 1000 USD | -7.6% |
| 2022 | 686,256 1000 USD | +13.2% |
| 2023 | 779,837 1000 USD | +13.6% |
| 2024 | 597,875 1000 USD | -23.3% |
Nigeria compared with similar countries
- Nigeria's 597,875 1000 USD is above the median for lower middle income countries, which is 26,590 1000 USD, 22.5× the median. (18 countries reporting)
- Nigeria's 597,875 1000 USD is above the median for Sub-Saharan Africa, which is 37,387 1000 USD, 16.0× the median. (14 countries reporting)
Biggest year-on-year movements
Years where Soya beans — Gross Production Value 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 |
|---|---|---|---|
| 1989 | +100.0% | 77,984 1000 USD | 155,967 1000 USD |
| 1995 | +61.2% | 92,541 1000 USD | 149,209 1000 USD |
| 1983 | -48.8% | 42,631 1000 USD | 21,835 1000 USD |
| 2016 | +59.2% | 305,968 1000 USD | 487,079 1000 USD |
| 1987 | +57.4% | 35,353 1000 USD | 55,628 1000 USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 32,233 1000 USD | 29,114 1000 USD | 36,392 1000 USD | 9 |
| 1970s | 34,469 1000 USD | 30,154 1000 USD | 37,952 1000 USD | 10 |
| 1980s | 52,249 1000 USD | 21,835 1000 USD | 155,967 1000 USD | 10 |
| 1990s | 137,407 1000 USD | 75,384 1000 USD | 213,155 1000 USD | 10 |
| 2000s | 266,111 1000 USD | 221,780 1000 USD | 314,534 1000 USD | 10 |
| 2010s | 378,020 1000 USD | 189,802 1000 USD | 547,736 1000 USD | 10 |
| 2020s | 665,287 1000 USD | 597,875 1000 USD | 779,837 1000 USD | 5 |
Countries ranked near Nigeria
- 9 Ukraine 2.39 million 1000 USD compare
- 10 Republic of Moldova 10,291 1000 USD compare
- 10 Uruguay 1.18 million 1000 USD compare
- 11 Lao People's Democratic Republic 8,058 1000 USD compare
- 11 South Africa 802,938 1000 USD compare
- 12 Venezuela (Bolivarian Republic of) 4,426 1000 USD compare
- 13 Republic of Korea 531,538 1000 USD compare
- 13 Timor-Leste 2,105 1000 USD compare
- 14 Japan 349,571 1000 USD compare
- 15 Italy 337,866 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 soya beans — gross production value in Nigeria?
- Soya beans — gross production value in Nigeria was 597,875 1000 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest soya beans — gross production value recorded in Nigeria?
- The highest recorded value was 779,837 1000 USD in 2023.
- What is the lowest soya beans — gross production value recorded in Nigeria?
- The lowest recorded value was 21,835 1000 USD in 1983.
- How does Nigeria rank for soya beans — gross production value?
- Nigeria ranks 12th out of 74 countries with data for 2024.
- Is soya beans — gross production value rising or falling in Nigeria?
- Over the last ten years it is up 84.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Soya 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.