Nigeria Economic Chart Park

Real GDP Growth Rate- Nigeria And Selected African Economies

Real GDP Growth Rate: Selected African Countries (%, y/y)

Nigeria highly vulnerable to commodity price shocks

Real GDP Growth Rate: Selected Net-Oil exporters (%, y/y)

How are net oil exporters fairing?

Real GDP Growth Rate- Nigeria and selected African Economies: While GDP growth in selected African economies have generally declined at different magnitudes with the slump in commodity prices, other economies have managed to stay out of recession with the exception of Nigeria. This is attributable, amongst other factors, to better diversification of revenue base in these economies, thus buttressing the impact commodity price shock.

Real GDP Growth Rate- Nigeria and selected Net-oil Exporting Economies: Net-oil exporting economies have been adversely affected by the slump in oil price, with Russia and Nigeria being severely impaired. However, while Russia appear to be on the road to recovery in 2016, the Nigerian economy has sharply decelerated in the period..




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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

Tax Collected

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

Capital Importation And Budgetary Allocation (Transport Sector)

Capital Importation: Since the dramatic decline in 2013, private and government sector investments in the sector have remained low in 2016. Budgetary Allocation: Budgetary allocations to the transpo

Internally Generated Revenue

Internally Generated Revenue: Total internally generated revenue particularly declined across the 36 states in Nigeria, in 2015. This is attributable to the weak macroeconomic and financial conditions