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

 

Net Domestic Credit And Currency In Circulation (CIC):

Net Domestic Credit: Rising net credit to government and private sector have driven the upward trend in NDC, especially post-2008. In 2016Q1, NDC grew largely on the account of the rise in banking sec

Capital Importation And Gross Domestic Product Growth Rate And Contribution To GDP

Capital Importation: Overall capital imported into the manufacturing sector fell deeply in 2015 and has remained low in 2016H1 on the account of present FOREX issues affecting businesses in the sector

Public Debt-to-GDP Ratio

Public Debt-to-GDP Ratio: The ratio of Nigerias cumulative government debt to national GDP has maintained an upward trend indicating the countrys declining economic productivity and ability to repay

External Reserve

External Reserve: External reserve picked up from its year-2000 level below $10,000 million to above $60,000 million in 2008. However, the external reserve fell deeply in 2010/11 and even further in 2