Gross Domestic Product Growth Rate And Contribution To GDP (ITC)
Real GDP at 1990 Base Year
ITC contribution to real GDP steadily rising, 2000-2010
Real GDP at 2010 Base Year
ITC real GDP growth fall post-2014
Gross Domestic Product Growth Rate: The information and communication sector has grown overtime but witnessed an unusual decline in 2011, which has remained low in 2016Q1 possibly due to declining consumer demand for related service.
Contribution to GDP: The contribution of the sector to overall GDP growth has maintained an upward trend, reflecting that the sector is well infused into the Nigerian economy in terms of its use of local content for capacity building.
Monetary Policy Rate: The fluctuations in MPR reflect CBNs intermittent effort to promote growth, stymie inflation or incentivize capital flows. Particularly, the rise in MPR in 2016Q1 was effort to
CPI and its Component: Changes in inflation rate has mostly been driven by the Core sub-index component. Precisely, in 2016 Q1 and Q2, the rising cost of import, electricity and transport drove inflat
Capital Importation: Foreign investment into the agricultural sector was relatively flat between 2007 and 2012 but gained unusual momentum in September 2015. The spike in 2015 is likely driven by the
FDI, FPI and other Investments: The unusual fall in overall capital importation, especially in equity investment, in the late 2015 and early 2016 is attributable to the tougher macroeconomic and finan