Nigeria Economic Chart Park

Tax Collected

Declining tax revenue, post-2012

Tax Collected (Billion )

Gross Value Added Tax (VAT) (Billion )

Unstable tax (VAT) collection

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 severely underperformed or shut down operations in the period.

Gross Value Added Tax: Gross Value Added Tax (gross VAT) has maintained fluctuant tempo; reaching a trough at below N40 billion in 2010Q4 and peak of above 90 billion dollars in 2013Q4. In recent times, gross VAT has fallen below N50 billion on the account of falling consumer demand following present macroeconomic challenges.




Related

 

Real GDP Growth Rate

On average, Nigerias GDP growth rate has averaged about 5 percent; attaining an unusual trough of nearly -10 percent in 2003Q4 and a peak of nearly 20 percent in 2004Q4. However, the Nigerian economy

Gross Domestic Product Growth Rate And Contribution To GDP

Gross Domestic Product Growth Rate: The growth performance of the Oil and Gas sector has been unsteady throughout years and declined most significantly in 2015Q4, following a positive growth recorded

Capital Importation And Gross Domestic Product Growth Rate And Contribution To GDP

Capital Importation: Overall capital imported into the manufacturing sector fell deeply in 2015 and has remained low in 2016H1 on the account of present FOREX issues affecting businesses in the sector

Public Debt-to-GDP Ratio

Public Debt-to-GDP Ratio: The ratio of Nigerias cumulative government debt to national GDP has maintained an upward trend indicating the countrys declining economic productivity and ability to repay