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According to a 2018 report by the World Bank, almost half the population is living below the international poverty line ($2 per day), and unemployment peaked at 23.1%. [9] 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]
US federal minimum wage if it had kept pace with productivity. Also, the real minimum wage. Real macroeconomic output can be decomposed into a trend and a cyclical part, where the variance of the cyclical series derived from the filtering technique (e.g., the band-pass filter, or the most commonly used Hodrick–Prescott filter) serves as the primary measure of departure from economic stability.
Conversely, economic instability, unemployment, and poverty are associated with higher rates of chronic diseases, mental health disorders, and overall poorer health status. According to Child Welfare League of America (CWLA), Economic stability is described as the ability to obtain the resources that is necessary to one's life and well-being. [3]
Common indicators include a state whose central government is so weak or ineffective that it has little practical control over much of its territory; non-provision of public services; widespread corruption and criminality; refugees and involuntary movement of populations; and sharp economic decline. [1]
The agency said that if healthy diets were to become the norm, almost all of the health costs that can currently be blamed on unhealthy diets (estimated to reach US$1.3 trillion a year in 2030) could be offset; and that on the social costs of greenhouse gas emissions that are linked to unhealthy diets, the savings would be even greater (US$1.7 ...
The country is also well connected to international financial markets and following the 2016–17 oil crisis, the country has seen an increasing influx of foreign capital over the past 12–18 months – capital importation in Nigeria jumped to US$6.3 billion in Q1–18 (594% yoy growth) vs. $12.3 billion for full year 2017 and $5.1 billion in ...
Global share of wealth by wealth group, Credit Suisse, 2021 Share of income of the top 1% for selected developed countries, 1975 to 2015. Economic inequality is an umbrella term for three concepts: income inequality, how the total sum of money paid to people is distributed among them; wealth inequality, how the total sum of wealth owned by people is distributed among the owners; and ...
In 2016, Nigeria ranked as the 12th highest loan recipient from the World Bank with 6.6 billion dollars. [5] As of 2018, the World Bank has a total of 31 projects in 772 locations in Nigeria. This all adds up to $9.21 billion worth of programs in sectors of like social protection, health, agriculture, fishing, forestry, energy, public ...