Nigeria Economic Chart Park

Capital Importation And Gross Domestic Product Growth Rate And Contribution To GDP (Construction Sector)

Real GDP at 1990 Base Year

Fair growth, post-2004

Real GDP at 2010 Base Year

Government revenue falls, Construction contracts

Capital Importation: Capital expenditure into the construction sector remained above 10 percent since 2005 until 2015. Similar to the manufacturing sector, overall capital imported into the construction sector fell most significantly in 2015 and 2016 on the account of present FOREX issues affecting businesses in the sector; thus discouraging investors.

Gross Domestic Product Growth Rate and Contribution to GDP: The sectors GDP growth rate declined dramatically in 2016Q1, due to worsening fiscal position of both Federal and State governments which adversely affected construction services in the private sector. Weakened fiscal position of the public sector orchestrated by the fall in crude oil revenue substantially contributed to the sectors poor performance. However, the slight increase in the sectors contribution to GDP in 2016Q1 largely reflects the relative fall in contribution of other sectors of the economy.




Related

 

Public Debt Stock And Debt Servicing

Public Debt Stock and Debt Servicing: Public debt stock has steadily increased overtime; reaching over N12, 000 billion naira by 2015Q4. With the persistent fall in crude oil price and the attendant d

Capital Importation And Budgetary Allocation (ITC)

Capital Importation: Given the positive outlook on the ITC sector in the past few years, investments in the sector reached a 10-year peak in 2014. However, the foreign investment fell marginally in 2

Export And Its Components

Export and its Components: In 2015 and 2016Q1, overall export earnings declined significantly to a record low of less than $3000 million in 2016Q1, as against the peak of above $10,000 million in 2008

Gross Federally Collected Revenue

Gross Federally Collected Revenue: Both oil and non-oil components of gross federal revenue fell below N40 billion in 2016, after recording a peak of N90 billion in 2013. The decline was most prominen