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As of 2010, the Gini coefficient of Nigeria is rated medium, at 0.43. [12] However, there are more rural poor than urban poor. [13] This is correlated with differential access to infrastructure and amenities. [14] This results from the composition of Nigeria's economy, especially the energy (oil) and agriculture sectors.
Nigeria: Western Africa: Lower middle income 35.1 2018 35.13 2019 Nicaragua: Central America: Lower middle income 46.2 2014 46.16 2014 Netherlands: Western Europe: High income 25.7 2021 26.04 2022 28.8 2022 Norway: Northern Europe: High income 27.7 2019 29.48 2021 26.2 2022 Nepal: Southern Asia: Lower middle income 30.0 2022 32.84
Change in per capita GDP of Nigeria, 1950–2018. Figures are inflation-adjusted to 2011 International Geary-Khamis dollars. The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors.
Rank Country Nominal GDP (Million US$) [1] Population Per Capita (US$) [1] 1 South Africa 403,045 63,212,384 6,376 2 Egypt 380,044 114,535,772 3,318 3 Algeria 260,134 ...
Definitions of the poverty line vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations. Even among rich nations, the standards differ greatly. Thus, the numbers are not comparable among countries. Even when nations do use the same method, some issues may remain. [10]
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 more populous India. [1] The poverty rate in Nigeria remains one of the world's highest and is especially high in the north of the country.
While GOBankingRates didn’t uncover any statistics on what the rich vs. poor do on social media, when you look at the LinkedIn feeds of people like Gary Vaynerchuk and Mark Cuban, who has 8 ...
UBS publishes various statistics relevant for calculating net wealth. These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.