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Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015.
This is a list of Nigerian states by poverty rate as of 2019. The international poverty rate used by the World Bank is used in the following list. The estimates can therefore differ from other estimates, like the national poverty rate. Nigeria is the country with the most people living in extreme poverty worldwide since 2019, overtaking much ...
According to World Bank, "Poverty headcount ratio at a defined value a day is the percentage of the population living on less than that value a day at 2017 purchasing power adjusted prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions."
Nigeria has one of the world's highest economic growth rates (averaging 7.4% [2] over the last decade), an underdeveloped economy, and plenty of natural resources such as oil. However, it retains a high level of poverty, with 41% of the population classified as poor by the National Bureau of Statistics in 2019 [ 3 ] (63% were living on less ...
The under-five mortality rate (U5MR) per 1,000 live births decreased from 145.7 in 2007 to 100.2 in 2017. [5] When compared with other countries and global averages, Nigeria's health indicators remain poor. Life expectancy at birth in Nigeria. Top 10 causes of death in Nigeria (2007–2017)
By 1999, during the peak of the poverty crisis, 191 million people were living on less than $5.50 a day. [101] In subsequent years as per capita incomes recovered the poverty rate dropped from 31.4% of the population to 19.6%.
List of countries by GDP (PPP) per capita List of countries by percentage of population living in poverty See also the categories Distribution of wealth and Income distribution
Nigeria is the most populous country in Africa; a residence for more than 206 million people. [1] Hunger is one of the major issues that affect the citizens. 40% (82 million people) of the citizens live below the International Poverty Line of $1.90 daily, whilst another 25% are vulnerable.