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Economy of Nigeria
Paperback
Series: Economy in Countries, Book 168
ISBN13: 9781795305587
Publisher: Independently Published
Published: Jan 28 2019
Pages: 72
Weight: 0.42
Height: 0.15 Width: 8.50 Depth: 11.00
Language: English
This book about the economy of Nigeria from the 1970s to the 2010s. Source data from UN Data.
Size. In the 2010s, the GDP of Nigeria was equal to $448.8 billion per year; the value of agriculture was $95.8 billion; the value of manufacturing was $39.9 billion. Since the share in the world is between .1% and 1%, the country is classified as an average economy.
Productivity. In the 2010s, the GDP per capita was $2 505.2, the value of agriculture per capita was $534.6, the value of manufacturing per capita was $223.0. Since the productivity is less the average below average, the economy is classified as least developed.
Growth. In the 2010s, the growth of gross domestic product was 3.6%; the growth of agriculture was 3.6%; the growth of manufacturing was 6.4%.
Structure. In the 2010s, the economy of Nigeria consisted of: services (23.3%), agriculture (21.5%), industry (20.9%), trade (18.3%), transportation (12.1%), and construction (3.8%).
Export and import. In the 2010s, the export was 25.5% higher than the import, the net export was equal to 3.8% of the GDP. The technological structure of export is not better than the structure of import.
Consumption and reproduction. The attitude of reproduction to the consumption is not better than the global average, so the share of GDP in the world will not increase.
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