Nigeria Economic Chart Park

Capital Importation And Gross Domestic Product Growth Rate And Contribution To GDP (Construction Sector)

Real GDP at 1990 Base Year

Fair growth, post-2004

Real GDP at 2010 Base Year

Government revenue falls, Construction contracts

Capital Importation: Capital expenditure into the construction sector remained above 10 percent since 2005 until 2015. Similar to the manufacturing sector, overall capital imported into the construction sector fell most significantly in 2015 and 2016 on the account of present FOREX issues affecting businesses in the sector; thus discouraging investors.

Gross Domestic Product Growth Rate and Contribution to GDP: The sectors GDP growth rate declined dramatically in 2016Q1, due to worsening fiscal position of both Federal and State governments which adversely affected construction services in the private sector. Weakened fiscal position of the public sector orchestrated by the fall in crude oil revenue substantially contributed to the sectors poor performance. However, the slight increase in the sectors contribution to GDP in 2016Q1 largely reflects the relative fall in contribution of other sectors of the economy.




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Gross Domestic Product And Contribution To GDP

Gross Domestic Product: Agriculture Gross Domestic Product growth rate recorded its highest point in 2006Q1 but fell sharply subsequently. Particularly, the slow growth recorded in 2015 and 2016Q1 is

Export And Its Components

Export and its Components: In 2015 and 2016Q1, overall export earnings declined significantly to a record low of less than $3000 million in 2016Q1, as against the peak of above $10,000 million in 2008

Monetary Policy Rate

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

Crude Oil Price

Crude Oil Price: Crude oil price attained a historical low of $30.7 in January 2016 largely due to excess global oil supply. Crude Oil Production and Export: Oil production has continued to fall in