Gross Domestic Product And Contribution To GDP
Real GDP at 1990 Base Year
GDP growth in agric. sector relatively flat post-2004
Real GDP at 2010 Base Year
GDP growth in the agric. sector picks up in 2016Q1
Gross Domestic Product: Agriculture Gross Domestic Product growth rate recorded its highest point in 2006Q1 but fell sharply subsequently. Particularly, the slow growth recorded in 2015 and 2016Q1 is attributable to security challenges in the North Eastern part of Nigeria and slowdown of economic activities in the country.
Contribution to GDP: The agricultural sector contributed about 40 percent to overall GDP until the rebasing of the GDP in 2012 bringing the contribution of the agricultural sector below 30 percent. While the agricultural sector remains the second contributor to GDP, its contribution to GDP fell in 2016Q1 is attributable to the seasonal nature of farming.
Tax Collected: Tax revenue which has relatively maintained an upward trend, fell considerably in 2015 and dipped significantly in early 2016 on the account of economic downturn, as many businesses sev
Money Supply: On a month-on-month basis, growth in M2 have accelerated overtime; reaching over N20,000 billion by April 2016. The rise in M2 at the end of 2016Q1 reflects the fast-paced rise in aggre
Purchasing Managers Index: The level of business activities declined sharply in the first half of 2016 on the account of weak economic performance. Particularly, the issues surrounding exchange rates
Gross Domestic Product Growth Rate: Growth in the sector which stalled in the second and third quarters of 2015 witnessed a considerable decline in 2015Q4; the stall in growth in 2015 is attributable