Macroeconomic Report & Economic Updates
January 22, 2016
Nigeria Economic Update (Issue 1)
GDP growth rate
increased marginally by 2.84 percent in Q3 2015 from 2.35 percent in the preceding
quarter. Nominal GDP increased to N24.3 million from N22.9 million in the
preceding quarter. Growth in this period was attributed to the improved
performance of the non-oil sector which grew by 3.05 percent. The Sectoral disaggregation shows
that the Services and Agricultural sectors grew by 3.97 and 3.46 percent respectively,
while the Manufacturing sector shrank by 1.75 percent.
Related
Re-examining The Determinants Of Current Account Balance In An Oil-Rich Exporting Country
The paper examines the determinants of
current accounts balance in Nigeria with emphasis on oil-related variables.