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Nigerian States by Estimated GDP, 2021 Nigerian States by GDP, 2010. The following table presents a listing of Nigeria's 36 states ranked in order of their estimated total GDP in 2021 according to a 2022 report by BudgIT. [1]
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. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the sixth largest in Africa and the 27th-largest in terms of ...
PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
Telecommunications / Postal Service is accountable for 3.87% of the GDP; Manufacturing is accountable for 3.95% of the GDP; Building & Construction is accountable for 1.94% of the GDP; Crude Petroleum & Natural Gas is accountable for 16.01% of the GDP; Agriculture is accountable for 43% of the GDP; Non-oil Growth was about 8.27%
Nigeria’s statistics agency on Thursday reported the country’s unemployment rate as 4.1%, the lowest in many years, but one analysts said was an undercount because of the agency's new methodology.
Nigeria joined the IMF on March 30, 1961. [1] Nigeria is Africa's most populous country, with 222.182 million citizens. [1] The nation's IMF quota stands at 2454.5 million (SDR) along with its special drawing rights amounting to 3702.34 million (SDR). [1] As of July 2023, Nigeria experienced a 3.2 GDP change. [2]
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The debt-to-GDP ratio of Nigeria has fluctuated over the years, reaching a peak of 75% in 1991, following the Nigerian Structural Adjustment Program, and a low of 7.3% in 2008, after the Paris Club debt relief. [5] [6] As of November 2023, the debt-to-GDP ratio of Nigeria was 38.79%, which was below the average of 56.3% for Sub-Saharan Africa ...