Macroeconomic Report & Economic Updates

March 11, 2018

Nigeria Economic Update (Issue 9)

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Nigeria’s Gross Domestic Product (GDP), maintained positive growth rate two quarters after emergence from recession in 2017Q2, thus consolidating the recovery process. Specifically, real GDP grew by 1.92 percent in 2017Q4, a slight increase from the 1.40 percent in the previous quarter and a huge recovery compared to the contraction (-1.73 percent) during the corresponding quarter in 2016. Notably, the 2017 fiscal year recorded an annual real GDP growth rate of 0.83 percent, significantly increasing Year-on-Year by 2.41 percentage points.

 




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